v3.22.2.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
CURRENT ASSETS:      
Cash and cash equivalents $ 7,277 $ 5,909 $ 12,918
Trade receivables – net 118,193 126,807 80,677
Contract receivables 0 1,062 1,899
Other receivables 490 242 211
Inventories – net 265,082 232,464 202,199
Income tax receivable 1,633 4,294 4,220
Prepaid expenses 4,360 4,507 7,438
Total current assets 397,035 375,285 309,562
LEASED ASSETS 9,971 11,428 2,833
PROPERTY, PLANT & EQUIPMENT – net 60,271 59,989 57,190
GOODWILL 50,246 50,641 49,169
IDENTIFIED INTANGIBLES – net 122,552 126,315 127,116
OTHER ASSETS 878 917 952
TOTAL ASSETS 640,953 624,575 546,822
CURRENT LIABILITIES:      
Accounts payable 101,683 114,632 85,100
Contract liabilities 0 1,062 1,899
Current Portion of Long-Term Debt 3,250 3,250 3,250
Accrued expenses:      
Salaries and wages 3,667 3,668 6,409
Taxes – other 1,784 849 585
Accrued freight 3,842 1,798 3,796
Commissions 1,619 2,447 898
Accrued duty 8,051 5,469 5,243
Accrued interest 2,314 2,133 2,216
Other 5,486 4,828 4,956
Total current liabilities 131,696 140,136 114,352
Long-term debt 281,515 266,794 235,506
LONG-TERM TAXES PAYABLE 169 169 169
LONG-TERM LEASE 7,394 8,809 1,980
DEFERRED INCOME TAXES 10,293 10,293 8,271
DEFERRED LIABILITIES 558 519 503
TOTAL LIABILITIES 431,625 426,720 360,781
SHAREHOLDERS' EQUITY:      
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding September 30, 2022 - 7,322,232; December 31, 2021 - 7,302,199; September 30, 2021 - 7,295,435 68,986 68,061 67,662
Retained earnings 140,342 129,794 118,379
Total shareholders' equity 209,328 197,855 186,041
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 640,953 $ 624,575 $ 546,822

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