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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 34,043 $ 25,373
Accounts receivable, net 228,098 205,767
Inventories, net 176,630 155,568
Prepaid expenses 5,327 5,336
Income tax receivable 8,745 483
Total current assets 452,843 392,527
Rental equipment, net 43,978 28,493
Property, plant and equipment 219,135 202,293
Less: Accumulated depreciation (131,905) (125,629)
Property, plant and equipment, net 87,230 76,664
Goodwill 83,243 84,761
Intangible assets, net 48,857 52,872
Deferred income taxes 1,783 992
Other assets 3,699 3,362
Total assets 721,633 639,671
Current liabilities:    
Trade accounts payable 54,083 55,825
Income taxes payable 2,865 5,002
Accrued liabilities 43,785 40,454
Current maturities of long-term debt and capital lease obligations 119 82
Total current liabilities 100,852 101,363
Long-term debt and capital lease obligation, net of current maturities 85,179 60,000
Long-term tax liability 6,120 12,316
Accrued pension liabilities 1,944 1,225
Other long-term liabilities 8,436 7,291
Deferred income taxes 11,731 8,368
Stockholders’ equity:    
Common stock, $.10 par value, 20,000,000 shares authorized; 11,662,688 and 11,577,048 outstanding at December 31, 2018 and December 31, 2017, respectively 1,166 1,158
Additional paid-in capital 108,422 103,864
Treasury stock, at cost; 42,600 shares at December 31, 2018 and December 31, 2017 (426) (426)
Retained earnings 443,040 374,678
Accumulated other comprehensive loss (44,831) (30,166)
Total stockholders’ equity 507,371 449,108
Total liabilities and stockholders’ equity $ 721,633 $ 639,671