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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 410 $ 2,746
Trade accounts receivable, net of allowance for credit losses of $1,248 and $823, respectively 24,809 39,186
Inventory, net of allowance for obsolescence of $2,836 for each of the dates presented, respectively 20,175 21,639
Federal income tax receivable 11,382 11,538
Prepaid expenses and other 2,207 1,162
Total current assets 58,983 76,271
Long-term inventory, net of allowance for obsolescence of $1,168 for each of the dates presented, respectively 1,043 701
Rental equipment, net of accumulated depreciation of $211,841 and $191,745, respectively 407,761 373,649
Property and equipment, net of accumulated depreciation of $18,609 and $17,649, respectively 21,538 20,550
Intangibles, net of accumulated amortization of $2,478 and $2,384, respectively 681 775
Other assets 8,063 6,783
Total assets 498,069 478,729
Current Liabilities:    
Accounts payable 26,473 17,628
Accrued liabilities 7,041 15,085
Total current liabilities 33,514 32,713
Long-term debt 163,000 164,000
Deferred income tax liability 45,691 41,636
Other long-term liabilities 4,678 4,486
Total liabilities 246,883 242,835
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; 13,741 and 13,688 shares issued, respectively 137 137
Additional paid-in capital 117,410 116,480
Retained earnings 148,643 134,281
Treasury shares, at cost, 1,310 shares for each of the dates presented, respectively (15,004) (15,004)
Total stockholders’ equity 251,186 235,894
Total liabilities and stockholders’ equity $ 498,069 $ 478,729