Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 36,964 $ 41,030
Accounts receivable, net 71,035 83,195
Inventories 104,019 79,482
Inventories - truck chassis floor plan 2,655 8,146
Refundable income taxes paid 1,222  
Prepaid and other current assets 4,536 5,334
Total current assets 220,431 217,187
Property, plant and equipment, net 66,787 64,320
Goodwill 113,134 113,134
Other intangible assets, net 142,109 152,791
Operating leases - right of use asset 18,462 21,441
Non-qualified benefit plan assets 10,347 9,041
Other long-term assets 1,206 1,288
Total assets 572,476 579,202
Current liabilities:    
Accounts payable 27,375 16,284
Accrued expenses and other current liabilities 36,126 30,831
Floor plan obligations 2,655 7,885
Operating lease liability - current 4,623 4,326
Income tax payable   5,214
Current portion of long-term debt 11,137 1,666
Total current liabilities 81,916 66,206
Retiree benefits and deferred compensation 17,170 15,804
Deferred income taxes 29,789 26,681
Long-term debt, less current portion 206,058 236,676
Operating lease liability - noncurrent 15,408 17,434
Other long-term liabilities 7,525 16,197
Commitments and contingencies (Note 16)
Shareholders' equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,980,951 and 22,857,457 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 230 229
Additional paid-in capital 163,552 157,758
Retained earnings 51,881 47,712
Accumulated other comprehensive loss, net of tax (1,053) (5,495)
Total shareholders' equity 214,610 200,204
Total liabilities and shareholders' equity $ 572,476 $ 579,202