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Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 113,534 $ 47,016
Accounts receivable, net 378,107 317,581
Inventories, net 371,748 352,553
Prepaid expenses and other current assets 9,226 9,144
Income tax receivable 750 916
Total current assets 873,365 727,210
Rental equipment, net 38,431 33,723
Property, plant and equipment 357,234 335,078
Less:  Accumulated depreciation (192,715) (180,071)
Total property, plant and equipment, net 164,519 155,007
Goodwill 195,863 195,858
Intangible assets, net 159,884 171,341
Deferred income taxes 904 969
Other non-current assets 22,548 24,400
Total assets 1,455,514 1,308,508
Current liabilities:    
Trade accounts payable 110,944 97,537
Income taxes payable 13,695 6,592
Accrued liabilities 79,682 71,368
Current maturities of long-term debt and finance lease obligations 15,008 15,009
Total current liabilities 219,329 190,506
Long-term debt and finance lease obligations, net of current maturities 308,892 286,943
Long-term tax liability 2,634 3,781
Other long-term liabilities 22,171 23,668
Deferred income taxes 14,754 18,250
Stockholders’ equity:    
Common stock, $0.10 par value, 20,000,000 shares authorized; 11,962,295 and 11,913,890 outstanding at September 30, 2023 and December 31, 2022, respectively 1,196 1,191
Additional paid-in-capital 135,571 129,820
Treasury stock, at cost; 82,600 shares at September 30, 2023 and December 31, 2022, respectively (4,566) (4,566)
Retained earnings 823,960 727,183
Accumulated other comprehensive loss (68,427) (68,268)
Total stockholders’ equity 887,734 785,360
Total liabilities and stockholders’ equity $ 1,455,514 $ 1,308,508