Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,297 $ 5,119
Accounts receivable, net 97,561 87,407
Inventories 149,656 137,034
Inventories - truck chassis floor plan 4,184 2,612
Refundable income taxes paid 920 0
Prepaid and other current assets 5,415 6,053
Total current assets 266,033 238,225
Property, plant and equipment, net 44,764 41,311
Goodwill 116,779 113,134
Other intangible assets, net 116,269 113,550
Operating lease right-of-use assets 68,972 70,801
Non-qualified benefit plan assets 12,038 10,482
Other long-term assets 1,846 2,480
Total assets 626,701 589,983
Current liabilities:    
Accounts payable 38,687 32,319
Accrued expenses and other current liabilities 33,406 26,182
Floor plan obligations 4,184 2,612
Operating lease liability - current 7,154 7,394
Income tax payable 0 1,685
Short-term borrowings 5,000 0
Current portion of long-term debt 7,416 0
Total current liabilities 95,847 70,192
Retiree benefits and deferred compensation 14,947 13,616
Deferred income taxes 33,104 24,574
Long-term debt, less current portion 135,162 146,679
Operating lease liability - noncurrent 60,134 64,785
Other long-term liabilities 6,061 5,922
Commitments and contingencies (Note 15)
Shareholders' equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 23,069,841 and 23,094,047 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 231 231
Additional paid-in capital 170,653 170,092
Retained earnings 107,381 88,420
Accumulated other comprehensive income, net of tax 3,181 5,472
Total shareholders' equity 281,446 264,215
Total liabilities and shareholders' equity $ 626,701 $ 589,983