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Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 109,320 $ 47,016
Accounts receivable, net 363,525 317,581
Inventories, net 362,593 352,553
Prepaid expenses and other current assets 9,660 9,144
Income tax receivable 318 916
Total current assets 845,416 727,210
Rental equipment, net 36,125 33,723
Property, plant and equipment 341,516 335,078
Less:  Accumulated depreciation (183,128) (180,071)
Total property, plant and equipment, net 158,388 155,007
Goodwill 196,533 195,858
Intangible assets, net 167,832 171,341
Deferred income taxes 983 969
Other non-current assets 23,935 24,400
Total assets 1,429,212 1,308,508
Current liabilities:    
Trade accounts payable 101,549 97,537
Income taxes payable 14,801 6,592
Accrued liabilities 72,890 71,368
Current maturities of long-term debt and finance lease obligations 15,008 15,009
Total current liabilities 204,248 190,506
Long-term debt and finance lease obligations, net of current maturities 356,259 286,943
Long-term tax liability 3,781 3,781
Other long-term liabilities 23,628 23,668
Deferred income taxes 18,948 18,250
Stockholders’ equity:    
Common stock, $0.10 par value, 20,000,000 shares authorized; 11,941,738 and 11,913,890 outstanding at March 31, 2023 and December 31, 2022, respectively 1,194 1,191
Additional paid-in-capital 131,657 129,820
Treasury stock, at cost; 82,600 shares at March 31, 2023 and December 31, 2022, respectively (4,566) (4,566)
Retained earnings 757,917 727,183
Accumulated other comprehensive loss (63,854) (68,268)
Total stockholders’ equity 822,348 785,360
Total liabilities and stockholders’ equity $ 1,429,212 $ 1,308,508