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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17,872 $ 14,671
Restricted cash 194 0
Accounts receivable, less allowance for doubtful accounts of $2,058 and $2,473, respectively 168,247 80,574
Inventories, net 250,696 132,717
Prepaid expenses and other current assets 30,801 8,098
Total current assets 467,810 236,060
Property, plant and equipment, net 64,958 9,079
Rental equipment, net 26,108 24,727
Goodwill 355,440 106,145
Deferred tax asset 267 266
Intangible assets, net 242,926 96,608
Cash value of life insurance 17,537 0
Right of use assets 47,055 19,662
Other assets 4,095 747
Total assets 1,226,196 493,294
Current liabilities:    
Accounts payable 93,191 47,958
Current portion of long-term debt 16,495 134,405
Current portion of lease obligation 10,487 4,641
Earnout derivative liability 23,000 0
Related party payables 0 4,813
Accrued expenses and other current liabilities 58,310 23,126
Total current liabilities 201,483 214,943
Long-term debt, less current portion, net 389,279 93,134
Security bonus plan 10,163 0
Deferred compensation 10,827 0
Lease obligation 38,652 16,132
Deferred tax liability 30,446 2,742
Other liabilities 3,518 574
Total liabilities 684,368 327,525
Stockholders’ equity:    
Preferred Stock, $1 par value: Authorized - 500,000 shares, Issued and outstanding — None 0 0
Common Stock, $1 par value: Authorized - 35,000,000 shares Issued - 9,368,463 and 9,363,093 shares, respectively Outstanding - 9,120,167 and 9,115,584 shares, respectively 19,468 10,318
Capital in excess of par value 573,649 197,057
Retained deficit (40,394) (33,142)
Treasury stock – 250,163 and 247,509 shares, respectively (10,144) (10,033)
Accumulated other comprehensive (loss) income (751) 1,569
Total stockholders’ equity 541,828 165,769
Total liabilities and stockholders’ equity $ 1,226,196 $ 493,294