Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.23.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,900 $ 20,670
Accounts receivable, net 48,223 86,765
Inventories 184,583 136,501
Inventories - truck chassis floor plan 1,213 1,211
Refundable income taxes paid 3,408 0
Prepaid and other current assets 7,280 7,774
Total current assets 247,607 252,921
Property, plant, and equipment, net 67,461 68,660
Goodwill 113,134 113,134
Other intangible assets, net 128,959 131,589
Operating lease right-of-use assets 16,414 17,432
Non-qualified benefit plan assets 9,158 8,874
Other long-term assets 2,555 4,281
Total assets 585,288 596,891
Current liabilities:    
Accounts payable 23,081 49,252
Accrued expenses and other current liabilities 22,086 30,484
Floor plan obligations 1,213 1,211
Operating lease liability - current 4,888 4,862
Income taxes payable 0 3,485
Short term borrowings 52,000 0
Current portion of long-term debt 11,137 11,137
Total current liabilities 114,405 100,431
Retiree benefits and deferred compensation 15,526 14,650
Deferred income taxes 28,713 29,837
Long-term debt, less current portion 192,298 195,299
Operating lease liability - noncurrent 12,951 14,025
Other long-term liabilities 4,995 5,547
Stockholders’ equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,956,204 and 22,886,793 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 230 229
Additional paid-in capital 165,237 164,281
Retained earnings 43,394 63,464
Accumulated other comprehensive income, net of tax 7,539 9,128
Total stockholders’ equity 216,400 237,102
Total liabilities and stockholders’ equity $ 585,288 $ 596,891