Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,980 $ 5,119
Accounts receivable, net 141,167 87,407
Inventories 153,286 137,034
Inventories - truck chassis floor plan 20,216 2,612
Prepaid and other current assets 4,100 6,053
Total current assets 326,749 238,225
Property, plant, and equipment, net 41,703 41,311
Goodwill 113,134 113,134
Other intangible assets, net 110,450 113,550
Operating lease right-of-use assets 66,420 70,801
Non-qualified benefit plan assets 11,362 10,482
Other long-term assets 1,653 2,480
Total assets 671,471 589,983
Current liabilities:    
Accounts payable 39,613 32,319
Accrued expenses and other current liabilities 31,026 26,182
Floor plan obligations 20,216 2,612
Operating lease liability - current 7,268 7,394
Income taxes payable 7,130 1,685
Short term borrowings 42,000 0
Current portion of long-term debt 7,416 0
Total current liabilities 154,669 70,192
Retiree benefits and deferred compensation 13,515 13,616
Deferred income taxes 24,717 24,574
Long-term debt, less current portion 138,698 146,679
Operating lease liability - noncurrent 60,937 64,785
Other long-term liabilities 5,671 5,922
Stockholders’ equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 23,040,878 and 23,094,047 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 230 231
Additional paid-in capital 167,636 170,092
Retained earnings 100,596 88,420
Accumulated other comprehensive income, net of tax 4,802 5,472
Total stockholders’ equity 273,264 264,215
Total liabilities and stockholders’ equity $ 671,471 $ 589,983