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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
[1]
Current assets:    
Cash and cash equivalents $ 42,115 $ 50,195
Accounts receivable, net 237,970 209,276
Inventories, net 320,917 242,501
Prepaid expenses and other current assets 9,500 7,382
Income tax receivable  1,666 6,186
Total current assets 612,168 515,540
Rental equipment, net 32,514 42,266
Property, plant and equipment 321,863 312,362
Less:  Accumulated depreciation (169,372) (156,928)
Total property, plant and equipment, net 152,491 155,434
Goodwill 202,406 195,132
Intangible assets, net 183,466 193,172
Deferred income taxes 1,110 1,203
Other non-current assets 21,587 19,112
Total assets 1,205,742 1,121,859
Current liabilities:    
Trade accounts payable 101,396 75,317
Income taxes payable 2,613 2,278
Accrued liabilities 73,523 64,634
Current maturities of long-term debt and finance lease obligations 15,032 15,066
Total current liabilities 192,564 157,295
Long-term debt and finance lease obligations, net of current maturities 254,522 270,320
Long-term tax liability 4,416 3,954
Other long-term liabilities 27,119 32,475
Deferred income taxes 21,458 22,812
Stockholders’ equity:    
Common stock, $.10 par value, 20,000,000 shares authorized; 11,874,178 and 11,809,926 outstanding at December 31, 2021 and December 31, 2020, respectively 1,187 1,181
Additional paid-in capital 124,228 118,528
Treasury stock, at cost; 82,600 shares at December 31, 2021 and December 31, 2020 (4,566) (4,566)
Retained earnings 633,804 560,186
Accumulated other comprehensive loss (48,990) (40,326)
Total stockholders’ equity 705,663 635,003 [2]
Total liabilities and stockholders’ equity $ 1,205,742 $ 1,121,859
[1] Years ended December 31, 2020 amounts have been adjusted to reflect the change in inventory accounting method, as described in Note 1 to the Consolidated Financial Statements.
[2] Years ended December 31, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Note 1 to the Consolidated Financial Statements.