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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 30,683 $ 28,925
Trade accounts receivable, net of allowance for doubtful accounts of $1,155 and $1,161, respectively 12,724 11,884
Inventory 19,982 19,926
Federal income tax receivable 11,538 11,538
Prepaid income taxes 62 66
Prepaid expenses and other 81 379
Total current assets 75,070 72,718
Long-term inventory, net of allowance for obsolescence of $37 and $221, respectively 1,105 1,065
Rental equipment, net of accumulated depreciation of $181,385 and $175,802, respectively 206,436 207,585
Property and equipment, net of accumulated depreciation of $14,521 and $13,916, respectively 21,601 21,749
Right of use assets - operating leases, net of accumulated amortization of $410 and $356, respectively 429 483
Intangibles, net of accumulated amortization of $2,040 and $2,008, respectively 1,119 1,151
Other assets 2,158 2,050
Total assets 307,918 306,801
Current Liabilities:    
Accounts payable 1,181 2,373
Accrued liabilities 10,483 6,770
Line of credit 0 417
Current operating leases 169 198
Deferred income 34 1,103
Total current liabilities 11,867 10,861
Deferred income tax liability 42,013 41,890
Long-term operating leases 260 285
Other long-term liabilities 2,378 2,221
Total liabilities 56,518 55,257
Commitments and contingencies
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; 13,358 and 13,296 shares issued, respectively 134 133
Additional paid-in capital 112,864 112,615
Retained earnings 138,892 139,286
Treasury Shares, at cost, 38 shares (490) (490)
Total stockholders' equity 251,400 251,544
Total liabilities and stockholders' equity $ 307,918 $ 306,801