v3.24.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,958 $ 9,957
Accounts receivable, less allowance of $412 and $276 93,698 79,573
Contract assets 39,237 50,305
Inventories 94,593 105,135
Other receivables – chassis pool agreements 19,555 34,496
Other current assets 7,489 7,462
Total current assets 263,530 286,928
Property, plant and equipment, net 78,952 83,437
Right of use assets – operating leases 42,810 45,827
Goodwill 48,880 48,880
Intangible assets, net 43,530 45,268
Net deferred tax assets 17,310 17,300
Other assets 2,556 2,409
TOTAL ASSETS 497,568 530,049
Current liabilities:    
Accounts payable 73,971 99,855
Accrued warranty 8,136 7,231
Accrued compensation and related taxes 14,509 13,526
Contract liabilities 5,623 4,756
Operating lease liability 9,978 10,817
Other current liabilities and accrued expenses 9,551 11,965
Short-term debt – chassis pool agreements 19,555 34,496
Current portion of long-term debt 225 185
Total current liabilities 141,548 182,831
Other non-current liabilities 7,153 8,184
Long-term operating lease liability 34,580 36,724
Long-term debt, less current portion 65,197 50,144
Total liabilities 248,478 277,883
Commitments and contingent liabilities
Shareholders' equity:    
Preferred stock, no par value: 2,000 shares authorized (none issued) 0 0
Common stock, no par value: 80,000 shares authorized; 34,448 and 34,303 outstanding 96,651 93,705
Retained earnings 152,439 158,461
Total shareholders' equity 249,090 252,166
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 497,568 $ 530,049