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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 31,144 $ 24,554
Restricted cash 188 186
Accounts receivable, less allowances of $2,058 and $1,513, respectively 172,688 166,301
Inventories, net 269,981 264,374
Prepaid expenses and other current assets 25,726 22,773
Total current assets 499,727 478,188
Property, plant and equipment, net 64,433 64,395
Rental equipment, net 27,168 27,139
Goodwill 348,212 348,048
Deferred tax asset 179 189
Intangible assets, net 219,213 227,994
Cash value of life insurance 17,500 17,166
Right of use operating lease assets 46,403 46,755
Other assets 5,520 5,736
Total assets 1,228,355 1,215,610
Current liabilities:    
Accounts payable 90,871 80,486
Current portion of long-term debt 16,094 16,352
Current portion of lease liabilities 10,744 9,964
Accrued expenses and other current liabilities 55,426 62,677
Total current liabilities 173,135 169,479
Long-term debt, less current portion, net 395,215 395,825
Lease liabilities 39,061 39,828
Deferred tax liability 24,123 23,834
Other liabilities 24,412 23,649
Total liabilities 655,946 652,615
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 21,125 19,417
Capital in excess of par value 591,292 591,796
Retained deficit (19,833) (25,736)
Treasury stock – 316,217 and 313,578 shares, respectively (12,643) (12,526)
Accumulated other comprehensive (loss) income (7,532) (9,956)
Total stockholders’ equity 572,409 562,995
Total liabilities and stockholders’ equity $ 1,228,355 $ 1,215,610