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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 11,592 $ 52,628
Trade accounts receivable, net of allowance for doubtful accounts of $918 and $291, respectively 9,106 7,219
Inventory 21,080 30,190
Prepaid income taxes 40 3,188
Prepaid expenses and other 597 1,696
Total current assets 42,415 94,921
Long-Term Inventory, net of allowance for obsolescence of $24 and $19, respectively 1,068 3,980
Rental equipment, net of accumulated depreciation of $162,348 and $165,459, respectively 217,742 176,106
Property and equipment, net of accumulated depreciation of $12,847 and $11,570, respectively 21,869 16,644
Right of use assets - operating leases, net of accumulated amortization $158 604 0
Goodwill 0 10,039
Intangibles, net of accumulated amortization of $1,883 and $1,758, respectively 1,276 1,401
Other assets 1,603 1,109
Total assets 286,577 304,200
Current Liabilities:    
Accounts payable 1,975 2,122
Accrued liabilities 2,287 8,743
Line of credit 417 0
Current operating leases 189 0
Deferred income 640 81
Total current liabilities 5,508 10,946
Line of credit 0 417
Deferred income tax liability 31,243 31,906
Long-term operating leases 415 0
Other long-term liabilities 1,718 1,699
Total liabilities 38,884 44,968
Commitments and contingencies (Notes 5, 16 and 19)
Stockholders’ Equity:    
Preferred stock, 5,000 shares authorized, no shares issued or outstanding 0 0
Common stock, 30,000 shares authorized, par value $0.01; 13,178 and 13,005 shares issued, respectively 132 130
Additional paid-in capital 110,573 107,760
Retained earnings 137,478 151,342
Treasury shares, at cost, 38 shares (490) 0
Total stockholders' equity 247,693 259,232
Total liabilities and stockholders' equity $ 286,577 $ 304,200