Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.25.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,645 $ 5,119
Accounts receivable, net 173,462 87,407
Inventories 138,743 137,034
Inventories - truck chassis floor plan 19,734 2,612
Prepaid and other current assets 5,952 6,053
Total current assets 348,536 238,225
Property, plant, and equipment, net 42,453 41,311
Goodwill 113,134 113,134
Other intangible assets, net 108,900 113,550
Operating lease right-of-use assets 68,529 70,801
Non-qualified benefit plan assets 11,884 10,482
Other long-term assets 1,500 2,480
Total assets 694,936 589,983
Current liabilities:    
Accounts payable 40,017 32,319
Accrued expenses and other current liabilities 32,898 26,182
Floor plan obligations 19,734 2,612
Operating lease liability - current 7,023 7,394
Income taxes payable 1,597 1,685
Short term borrowings 65,000 0
Current portion of long-term debt 7,416 0
Total current liabilities 173,685 70,192
Retiree benefits and deferred compensation 13,576 13,616
Deferred income taxes 30,231 24,574
Long-term debt, less current portion 136,930 146,679
Operating lease liability - noncurrent 59,480 64,785
Other long-term liabilities 5,707 5,922
Stockholders’ equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 23,040,878 and 23,094,047 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 230 231
Additional paid-in capital 169,155 170,092
Retained earnings 101,541 88,420
Accumulated other comprehensive income, net of tax 4,401 5,472
Total stockholders’ equity 275,327 264,215
Total liabilities and stockholders’ equity $ 694,936 $ 589,983