Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 41,030 $ 35,665
Accounts receivable, net 83,195 87,871
Inventories 79,482 77,942
Inventories - truck chassis floor plan 8,146 6,539
Prepaid and other current assets 5,334 3,511
Total current assets 217,187 211,528
Property, plant, and equipment, net 64,320 58,444
Goodwill 113,134 241,006
Other intangible assets, net 152,791 163,722
Operating lease - right of use asset 21,441 22,557
Non-qualified benefit plan assets 9,041 7,270
Other long-term assets 1,288 1,168
Total assets 579,202 705,695
Current liabilities:    
Accounts payable 16,284 16,113
Accrued expenses and other current liabilities 30,831 26,496
Floor plan obligations 7,885 6,539
Operating lease liability - current 4,326 3,822
Income tax payable 5,214 2,990
Current portion of long-term debt 1,666 22,143
Total current liabilities 66,206 78,103
Retiree health benefit obligation 15,804 14,017
Deferred income taxes 26,681 47,211
Long-term debt, less current portion 236,676 222,081
Operating lease liability - noncurrent 17,434 18,981
Other long-term liabilities 16,197 12,139
Commitments and contingencies (Note 16)
Stockholders' equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,857,457 and 22,795,412 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 229 228
Additional paid-in capital 157,758 155,001
Retained earnings 47,712 160,748
Accumulated other comprehensive loss, net of tax (5,495) (2,814)
Total stockholders' equity 200,204 313,163
Total liabilities and stockholders' equity $ 579,202 $ 705,695