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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 80,456 $ 24,554
Restricted cash 20,703 186
Accounts receivable, less allowances of $2,288 and $1,513, respectively 238,543 166,301
Inventories, net 313,337 264,374
Prepaid expenses and other current assets 36,538 22,773
Total current assets 689,577 478,188
Property, plant and equipment, net 111,949 64,395
Rental equipment, net 26,320 27,139
Goodwill 397,762 348,048
Deferred tax asset 55 189
Intangible assets, net 265,319 227,994
Cash value of life insurance 18,001 17,166
Right of use operating lease assets 79,791 46,755
Other assets 7,194 5,736
Total assets 1,595,968 1,215,610
Current liabilities:    
Accounts payable 107,140 80,486
Current portion of long-term debt 32,335 16,352
Current portion of lease liabilities 13,241 9,964
Accrued expenses and other current liabilities 97,191 62,677
Total current liabilities 249,907 169,479
Long-term debt, less current portion, net 550,526 395,825
Lease liabilities 70,353 39,828
Deferred tax liability 24,452 23,834
Other liabilities 24,621 23,649
Total liabilities 919,859 652,615
Commitments and contingencies (Note 14)
Stockholders' Equity    
Preferred Stock, $1 par value: Authorized - 500,000 shares, issued and outstanding — None [1] 0 0
Common Stock, $1 par value: Authorized - 70,000,000 shares Issued - 47,479,256 and 39,460,724 shares, respectively Outstanding - 46,844,598 and 38,833,568 shares, respectively [1] 46,845 38,834
Capital in excess of par value [1] 670,287 572,379
Retained deficit [1] (18,377) (25,736)
Treasury stock – 634,658 and 627,156 shares, respectively [1] (12,697) (12,526)
Accumulated other comprehensive income (loss) [1] (9,949) (9,956)
Total stockholders’ equity [1] 676,109 562,995
Total liabilities and stockholders’ equity [1] $ 1,595,968 $ 1,215,610
[1] (1) The accompanying Unaudited Condensed Consolidated Financial Statements and notes thereto have been retroactively adjusted to reflect the two-for-one stock split completed in August 2023. See Note 1 – Nature of Operations and Basis of Presentation for details.