v3.24.1.u1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,974 $ 24,156
Accounts receivable, net 58,580 83,760
Inventories 174,768 140,390
Inventories - truck chassis floor plan 3,132 2,217
Refundable income taxes paid 6,220 4,817
Prepaid and other current assets 6,544 6,898
Total current assets 251,218 262,238
Property, plant, and equipment, net 64,180 67,340
Goodwill 113,134 113,134
Other intangible assets, net 118,440 121,070
Operating lease right-of-use assets 16,687 18,008
Non-qualified benefit plan assets 9,976 9,195
Other long-term assets 3,441 2,433
Total assets 577,076 593,418
Current liabilities:    
Accounts payable 24,125 31,374
Accrued expenses and other current liabilities 23,580 25,817
Floor plan obligations 3,132 2,217
Operating lease liability - current 5,309 5,347
Short term borrowings 55,000 47,000
Current portion of long-term debt 10,981 6,762
Total current liabilities 122,127 118,517
Retiree benefits and deferred compensation 14,722 13,922
Deferred income taxes 27,999 27,903
Long-term debt, less current portion 177,141 181,491
Operating lease liability - noncurrent 12,596 13,887
Other long-term liabilities 5,333 6,133
Stockholders’ equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 23,094,047 and 22,983,965 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 231 230
Additional paid-in capital 165,587 165,233
Retained earnings 44,644 59,746
Accumulated other comprehensive income, net of tax 6,696 6,356 [1]
Total stockholders’ equity 217,158 231,565
Total liabilities and stockholders’ equity $ 577,076 $ 593,418
[1] These components are included in the computation of benefit plan costs in Note 12.

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