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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 16,426 $ 22,942
Trade accounts receivable, net of allowance for doubtful accounts of $1,126 and $1,129, respectively 12,882 10,389
Inventory 17,331 19,329
Federal income tax receivable 11,538 11,538
Prepaid income taxes 54 51
Prepaid expenses and other 613 854
Total current assets 58,844 65,103
Long-term inventory, net of allowance for obsolescence of $37 and $64, respectively 1,495 1,582
Rental equipment, net of accumulated depreciation of $178,038 and $172,563, respectively 209,587 206,985
Property and equipment, net of accumulated depreciation of $16,305 and $15,784, respectively 20,407 20,828
Right of use assets - operating leases, net of accumulated amortization of $602 and $555, respectively 329 285
Intangibles, net of accumulated amortization of $2,165 and $2,134, respectively 994 1,025
Other assets 2,610 2,698
Total assets 294,266 298,506
Current Liabilities:    
Accounts payable 5,604 4,795
Accrued liabilities 12,945 14,103
Current operating leases 120 68
Deferred income 0 1,312
Total current liabilities 18,669 20,278
Line of credit 0 0
Deferred income tax liability 39,278 39,288
Long-term operating leases 210 217
Other long-term liabilities 2,726 2,813
Total liabilities 60,883 62,596
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; 13,473 and 13,394 shares issued, respectively 135 134
Additional paid-in capital 114,080 114,017
Retained earnings 130,440 130,103
Treasury Shares, at cost, 1,022 and 775 shares, respectively (11,272) (8,344)
Total stockholders' equity 233,383 235,910
Total liabilities and stockholders' equity $ 294,266 $ 298,506