Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.24.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,196 $ 24,156
Accounts receivable, net 140,198 83,760
Inventories 139,419 140,390
Inventories - truck chassis floor plan 3,739 2,217
Refundable income taxes paid 918 4,817
Prepaid and other current assets 5,342 6,898
Total current assets 293,812 262,238
Property, plant, and equipment, net 62,765 67,340
Goodwill 113,134 113,134
Other intangible assets, net 116,810 121,070
Operating lease right-of-use assets 17,197 18,008
Non-qualified benefit plan assets 10,002 9,195
Other long-term assets 3,247 2,433
Total assets 616,967 593,418
Current liabilities:    
Accounts payable 27,757 31,374
Accrued expenses and other current liabilities 29,783 25,817
Floor plan obligations 3,739 2,217
Operating lease liability - current 5,559 5,347
Short term borrowings 63,000 47,000
Current portion of long-term debt 15,200 6,762
Total current liabilities 145,038 118,517
Retiree benefits and deferred compensation 14,669 13,922
Deferred income taxes 27,660 27,903
Long-term debt, less current portion 173,125 181,491
Operating lease liability - noncurrent 12,825 13,887
Other long-term liabilities 6,993 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 June 30, 2024 and December 31, 2023, respectively 231 230
Additional paid-in capital 168,065 165,233
Retained earnings 62,120 59,746
Accumulated other comprehensive income, net of tax 6,241 6,356
Total stockholders’ equity 236,657 231,565
Total liabilities and stockholders’ equity $ 616,967 $ 593,418