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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 15,451 $ 11,592
Trade accounts receivable, net of allowance for doubtful accounts of $972 and $918, respectively 11,674 9,106
Inventory 15,761 21,080
Federal income tax receivable 14,992 0
Prepaid income taxes 95 40
Prepaid expenses and other 637 597
Total current assets 58,610 42,415
Long-term inventory, net of allowance for obsolescence of $37 and $24, respectively 1,123 1,068
Rental equipment, net of accumulated depreciation of $173,462 and $162,348, respectively 215,853 217,742
Property and equipment, net of accumulated depreciation of $12,771 and $12,847, respectively 22,160 21,869
Right of use assets - operating leases, net of accumulated amortization of $258 and $158, respectively 510 604
Intangibles, net of accumulated amortization of $1,946 and $1,883, respectively 1,213 1,276
Other assets 1,690 1,603
Total assets 301,159 286,577
Current Liabilities:    
Accounts payable 1,188 1,975
Accrued liabilities 2,538 2,287
Line of credit 417 417
Current operating leases 183 189
Deferred income 125 640
Total current liabilities 4,451 5,508
Deferred income tax liability 41,744 31,243
Long-term operating leases 327 415
Other long-term liabilities 1,780 1,718
Total liabilities 48,302 38,884
Commitments and contingencies (Notes 6 and 13)
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; 13,286 and 13,178 shares issued, respectively 133 132
Additional paid-in capital 111,489 110,573
Retained earnings 141,725 137,478
Treasury Shares, at cost, 38 shares (490) (490)
Total stockholders' equity 252,857 247,693
Total liabilities and stockholders' equity $ 301,159 $ 286,577