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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 16,793 $ 26,922
Accounts receivable, net 170,329 178,305
Inventories 135,760 150,758
Prepaid expenses 4,725 5,410
Income tax receivable 11 1,491
Total current assets 327,618 362,886
Rental equipment, net 30,970 37,564
Property, plant and equipment 180,041 178,044
Less: Accumulated depreciation (113,412) (107,094)
Property, plant and equipment, net 66,629 70,950
Goodwill 74,825 75,509
Intangible assets, net 50,038 52,950
Deferred income taxes 619 1,475
Other assets 2,077 2,169
Total assets 552,776 603,503
Current liabilities:    
Trade accounts payable 43,136 45,486
Income taxes payable 2,333 1,320
Accrued liabilities 33,158 38,141
Current maturities of long-term debt and capital lease obligations 73 77
Total current liabilities 78,700 85,024
Long-term debt and capital lease obligation, net of current maturities 70,017 144,006
Accrued pension liabilities 2,929 4,499
Other long-term liabilities 6,969 5,782
Deferred income taxes 6,444 3,723
Stockholders’ equity:    
Common stock, $.10 par value, 20,000,000 shares authorized; 11,462,484 and 11,392,236 issued at December 31, 2016 and December 31, 2015, respectively 1,146 1,139
Additional paid-in capital 99,765 96,778
Treasury stock, at cost; 42,600 shares at December 31, 2016 and December 31, 2015 (426) (426)
Retained earnings 334,988 299,057
Accumulated other comprehensive loss (47,756) (36,079)
Total stockholders’ equity 387,717 360,469
Total liabilities and stockholders’ equity $ 552,776 $ 603,503