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Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 48,190 $ 34,043
Accounts receivable, net 267,064 228,098
Inventories, net 205,910 176,630
Prepaid expenses and other current assets 6,690 5,327
Income tax receivable 8,250 8,745
Total current assets 536,104 452,843
Rental equipment, net 51,517 43,978
Property, plant and equipment 243,489 219,135
Less:  Accumulated depreciation (138,022) (131,905)
Total property, plant and equipment, net 105,467 87,230
Goodwill 93,134 83,243
Intangible assets, net 62,725 48,857
Deferred income taxes 961 1,783
Other non-current assets 16,671 3,699
Total assets 866,579 721,633
Current liabilities:    
Trade accounts payable 67,391 54,083
Income taxes payable 1,926 2,865
Accrued liabilities 47,707 43,785
Current maturities of long-term debt and finance lease obligations 131 119
Total current liabilities 117,155 100,852
Long-term debt and finance lease obligations, net of current maturities 166,232 85,179
Long-term tax liability 6,378 6,120
Deferred pension liability 1,719 1,944
Other long-term liabilities 14,340 8,436
Deferred income taxes 17,923 11,731
Stockholders’ equity:    
Common Stock, $.10 par value, 20,000,000 shares authorized; 11,735,143 and 11,662,688 outstanding at June 20, 2019 and December 31, 2018, respectively 1,174 1,166
Additional paid-in-capital 111,476 108,422
Treasury stock, at cost, 72,600 and 42,600 shares at June 30, 2019 and December 31, 2018, respectively (3,381) (426)
Retained earnings 476,152 443,040
Accumulated other comprehensive loss (42,589) (44,831)
Total stockholders’ equity 542,832 507,371
Total liabilities and stockholders’ equity $ 866,579 $ 721,633