Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 5,189 $ 8,297
Accounts receivable, net 67,702 97,561
Inventories 185,775 149,656
Inventories - truck chassis floor plan 4,239 4,184
Refundable income taxes paid 0 920
Prepaid and other current assets 4,832 5,415
Total current assets 267,737 266,033
Property, plant, and equipment, net 45,944 44,764
Goodwill 116,779 116,779
Other intangible assets, net 114,751 116,269
Operating lease right-of-use assets 71,058 68,972
Non-qualified benefit plan assets 11,779 12,038
Other long-term assets 2,243 1,846
Total assets 630,291 626,701
Current liabilities:    
Accounts payable 35,770 38,687
Accrued expenses and other current liabilities 26,131 33,406
Floor plan obligations 4,239 4,184
Operating lease liability - current 7,234 7,154
Income taxes payable 123 0
Short term borrowings 20,000 5,000
Current portion of long-term debt 7,416 7,416
Total current liabilities 100,913 95,847
Retiree benefits and deferred compensation 15,056 14,947
Deferred income taxes 33,540 33,104
Long-term debt, less current portion 133,391 135,162
Operating lease liability - noncurrent 62,443 60,134
Other long-term liabilities 5,514 6,061
Stockholders’ equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 23,125,192 and 23,069,841 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 231 231
Additional paid-in capital 169,291 170,653
Retained earnings 106,627 107,381
Accumulated other comprehensive income, net of tax 3,285 3,181
Total stockholders’ equity 279,434 281,446
Total liabilities and stockholders’ equity $ 630,291 $ 626,701