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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 9,828 $ 22,942
Trade accounts receivable, net of allowance for doubtful accounts of $380 and $1,129, respectively 11,861 10,389
Inventory 18,478 19,329
Federal income tax receivable 11,538 11,538
Prepaid income taxes 41 51
Prepaid expenses and other 1,612 854
Total current assets 53,358 65,103
Long-term inventory, net of allowance for obsolescence of $37 and $64, respectively 1,630 1,582
Rental equipment, net of accumulated depreciation of $183,414 and $172,563, respectively 214,702 206,985
Property and equipment, net of accumulated depreciation of $16,667 and $15,784, respectively 20,170 20,828
Right of use assets - operating leases, net of accumulated amortization of $641 and $555, respectively 290 285
Intangibles, net of accumulated amortization of $2,196 and $2,134, respectively 963 1,025
Other assets 2,365 2,698
Total assets 293,478 298,506
Current Liabilities:    
Accounts payable 5,238 4,795
Accrued liabilities 15,958 14,103
Current operating leases 88 68
Deferred income 0 1,312
Total current liabilities 21,284 20,278
Line of credit 0 0
Deferred income tax liability 39,644 39,288
Long-term operating leases 202 217
Other long-term liabilities 2,592 2,813
Total liabilities 63,722 62,596
Commitments and contingencies (Note 9)
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; 13,499 and 13,394 shares issued, respectively 135 134
Additional paid-in capital 114,255 114,017
Retained earnings 130,370 130,103
Treasury Shares, at cost, 1,310 and 775 shares, respectively (15,004) (8,344)
Total stockholders' equity 229,756 235,910
Total liabilities and stockholders' equity $ 293,478 $ 298,506