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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 22,942 $ 28,925
Trade accounts receivable, net of allowance for doubtful accounts of $1,129 and $1,161, respectively 10,389 11,884
Inventory 19,329 19,926
Federal income tax receivable 11,538 11,538
Prepaid income taxes 51 66
Prepaid expenses and other 854 379
Total current assets 65,103 72,718
Long-Term Inventory, net of allowance for obsolescence of $64 and $221, respectively 1,582 1,065
Rental equipment, net of accumulated depreciation of $172,563 and $175,802, respectively 206,985 207,585
Property and equipment, net of accumulated depreciation of $15,784 and $13,916, respectively 20,828 21,749
Right of use assets - operating leases, net of accumulated amortization $555 and $356, respectively 285 483
Intangibles, net of accumulated amortization of $2,134 and $2,008, respectively 1,025 1,151
Other assets 2,698 2,050
Total assets 298,506 306,801
Current Liabilities:    
Accounts payable 4,795 2,373
Accrued liabilities 14,103 6,770
Line of credit 0 417
Current operating leases 68 198
Deferred income 1,312 1,103
Total current liabilities 20,278 10,861
Deferred income tax liability 39,288 41,890
Long-term operating leases 217 285
Other long-term liabilities 2,813 2,221
Total liabilities 62,596 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; 13,394 and 13,296 shares issued, respectively 134 133
Additional paid-in capital 114,017 112,615
Retained earnings 130,103 139,286
Treasury shares, at cost, 775 shares and 38, respectively (8,344) (490)
Total stockholders' equity 235,910 251,544
Total liabilities and stockholders' equity $ 298,506 $ 306,801