Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,875 $ 8,297
Accounts receivable, net 156,633 97,561
Inventories 174,981 149,656
Inventories - truck chassis floor plan 4,356 4,184
Refundable income taxes paid 0 920
Prepaid and other current assets 4,533 5,415
Total current assets 342,378 266,033
Property, plant, and equipment, net 47,134 44,764
Goodwill 116,779 116,779
Other intangible assets, net 113,234 116,269
Operating lease right-of-use assets 90,364 68,972
Non-qualified benefit plan assets 12,952 12,038
Other long-term assets 2,828 1,846
Total assets 725,669 626,701
Current liabilities:    
Accounts payable 38,622 38,687
Accrued expenses and other current liabilities 36,062 33,406
Floor plan obligations 4,356 4,184
Operating lease liability - current 9,783 7,154
Income taxes payable 5,138 0
Short term borrowings 57,000 5,000
Current portion of long-term debt 7,416 7,416
Total current liabilities 158,377 95,847
Retiree benefits and deferred compensation 15,927 14,947
Deferred income taxes 34,104 33,104
Long-term debt, less current portion 131,622 135,162
Operating lease liability - noncurrent 80,024 60,134
Other long-term liabilities 5,956 6,061
Shareholders’ equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 23,069,381 and 23,069,841 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 231 231
Additional paid-in capital 170,741 170,653
Retained earnings 124,908 107,381
Accumulated other comprehensive income, net of tax 3,779 3,181
Total shareholders’ equity 299,659 281,446
Total liabilities and shareholders’ equity $ 725,669 $ 626,701