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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,171 $ 14,671
Restricted cash 181 0
Accounts receivable, less allowance for doubtful accounts of $2,009 and $2,473, respectively 173,083 80,574
Inventories, net 260,840 132,717
Prepaid expenses and other current assets 26,769 8,098
Total current assets 486,044 236,060
Property, plant and equipment, net 64,765 9,079
Rental equipment, net 25,489 24,727
Goodwill 351,147 106,145
Deferred tax asset 201 266
Intangible assets, net 236,869 96,608
Cash value of life insurance 17,198 0
Total ROU operating lease assets 44,682 19,662
Other assets 6,320 747
Total assets 1,232,715 493,294
Current liabilities:    
Accounts payable 96,886 47,958
Current portion of long-term debt 16,121 134,405
Current portion of lease obligation 9,994 4,641
Earnout derivative liability 12,700 0
Related party payables 0 4,813
Accrued expenses and other current liabilities 58,663 23,126
Total current liabilities 194,364 214,943
Long-term debt, less current portion, net 397,461 93,134
Security bonus plan 9,958 0
Deferred compensation 10,248 0
Lease obligation 38,169 16,132
Deferred tax liability 32,258 2,742
Other liabilities 3,510 574
Total liabilities 685,968 327,525
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 19,424 10,318
Capital in excess of par value 574,176 197,057
Retained deficit (23,853) (33,142)
Treasury stock – 312,132 and 247,509 shares, respectively (12,475) (10,033)
Accumulated other comprehensive (loss) income (10,525) 1,569
Total stockholders’ equity 546,747 165,769
Total liabilities and stockholders’ equity $ 1,232,715 $ 493,294