XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 2,907 $ 1,048
Accounts receivable, net 40,069 43,450
Tires on equipment in use, net 8,176 5,968
Equipment held for sale 832 3,437
Other current assets 7,840 7,868
Total current assets 59,824 61,771
Property and equipment, net 54,680 57,757
Deferred income taxes 3,039 1,009
Other assets 6,096 5,867
Total assets 123,639 126,404
Current liabilities    
Accounts payable 26,178 30,339
Insurance and claims accruals 10,033 10,667
Accrued payroll and deferred compensation 3,951 4,047
Accrued liabilities 1,429 1,251
Current maturities of notes payable and capital lease obligations 3,040 1,936
Deferred income taxes 2,727 690
Total current liabilities 47,358 48,930
Long-term debt 26,215 19,888
Long-term notes payable and capital lease obligations 16,891 8,901
Insurance and claims accruals 4,904 5,783
Total liabilities 95,368 83,502
Shareholders' equity    
Common stock, $1.50 par value per share; 75,000 shares authorized; 18,572 shares issued 27,858 27,858
Additional paid-in capital 1,165 427
Accumulated other comprehensive loss (79) (67)
Retained earnings 6,516 21,572
Total common shareholders' equity 35,460 49,790
Treasury stock (1,026 and 980 shares), at cost (7,189) (6,888)
Total shareholders' equity 28,271 42,902
Total liabilities and shareholders' equity $ 123,639 $ 126,404