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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 7,412 $ 3,372
Trade accounts receivable, net 14,971 14,668
Inventory 25,077 23,414
Federal income tax receivable (Note 4) 11,538 11,538
Prepaid income taxes 10 10
Prepaid expenses and other 648 1,145
Total current assets 59,656 54,147
Long-term inventory, net of allowance for obsolescence of $40 and $120, respectively 1,588 1,557
Rental equipment, net of accumulated depreciation of $182,560 and $177,729, respectively 287,181 246,450
Property and equipment, net of accumulated depreciation of $17,554 and $16,981, respectively 22,420 22,176
Right of use assets - operating leases, net of accumulated amortization $760 and $721, respectively 309 349
Intangibles, net of accumulated amortization of $2,290 and $2,259, respectively 869 900
Other assets 4,784 2,667
Total assets 376,807 328,246
Current Liabilities:    
Accounts payable 24,835 6,481
Accrued liabilities 16,946 23,726
Current operating leases 123 155
Deferred income 114 37
Total current liabilities 42,018 30,399
Long-term debt 61,011 25,000
Deferred income tax liability 39,946 39,798
Long-term operating leases 186 194
Other long-term liabilities 2,897 2,779
Total liabilities 146,058 98,170
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; 13,548 and 13,519 shares issued, respectively 135 135
Additional paid-in capital 115,714 115,411
Retained earnings 129,904 129,534
Treasury shares, at cost, 1,310 shares, respectively (15,004) (15,004)
Total stockholders' equity 230,749 230,076
Total liabilities and stockholders' equity $ 376,807 $ 328,246