Quarterly report pursuant to Section 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
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,041 $ 36,964
Accounts receivable, net 127,890 71,035
Inventories 131,518 104,019
Inventories - truck chassis floor plan 1,052 2,655
Refundable income taxes paid 0 1,222
Prepaid and other current assets 4,012 4,536
Total current assets 270,513 220,431
Property, plant, and equipment, net 66,171 66,787
Goodwill 113,134 113,134
Other intangible assets, net 136,849 142,109
Operating lease right-of-use assets 16,152 18,462
Non-qualified benefit plan assets 8,726 10,347
Other long-term assets 1,939 1,206
Total assets 613,484 572,476
Current liabilities:    
Accounts payable 18,092 27,375
Accrued expenses and other current liabilities 32,140 36,126
Floor plan obligations 1,052 2,655
Operating lease liability - current 4,416 4,623
Income taxes payable 3,848 0
Short term borrowings 58,000 0
Current portion of long-term debt 11,137 11,137
Total current liabilities 128,685 81,916
Retiree benefits and deferred compensation 15,750 17,170
Deferred income taxes 30,838 29,789
Long-term debt, net 200,677 206,058
Operating lease liabilities 13,302 15,408
Other long-term liabilities 4,577 7,525
Stockholders’ equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,886,793 and 22,980,951 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 229 230
Additional paid-in capital 162,605 163,552
Retained earnings 52,184 51,881
Accumulated other comprehensive income (loss), net of tax 4,637 (1,053)
Total stockholders’ equity 219,655 214,610
Total liabilities and stockholders’ equity $ 613,484 $ 572,476