XML 50 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 13,051 $ 11,592
Trade accounts receivable, net of allowance for doubtful accounts of $939 and $918, respectively 10,519 9,106
Inventory 19,424 21,080
Federal income tax receivable 14,992 0
Prepaid income taxes 68 40
Prepaid expenses and other 225 597
Total current assets 58,279 42,415
Long-term inventory, net of allowance for obsolescence of $37 and $24, respectively 1,108 1,068
Rental equipment, net of accumulated depreciation of $167,998 and $162,348, respectively 217,846 217,742
Property and equipment, net of accumulated depreciation of $12,682 and $12,847, respectively 22,236 21,869
Right of use assets - operating leases, net of accumulated amortization of $208 and $158, respectively 559 604
Intangibles, net of accumulated amortization of $1,914 and $1,883, respectively 1,245 1,276
Other assets 1,396 1,603
Total assets 302,669 286,577
Current Liabilities:    
Accounts payable 2,255 1,975
Accrued liabilities 3,020 2,287
Line of credit 417 417
Current operating leases 187 189
Deferred income 1,190 640
Total current liabilities 7,069 5,508
Deferred income tax liability 41,683 31,243
Long-term operating leases 372 415
Other long-term liabilities 1,416 1,718
Total liabilities 50,540 38,884
Commitments and contingencies (Notes 6, 12 and 14)
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; 13,273 and 13,178 shares issued, respectively 133 132
Additional paid-in capital 110,926 110,573
Retained earnings 141,560 137,478
Treasury Shares, at cost, 38 shares (490) (490)
Total stockholders' equity 252,129 247,693
Total liabilities and stockholders' equity $ 302,669 $ 286,577