v3.22.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
CURRENT ASSETS:      
Cash and cash equivalents $ 5,802 $ 5,909 $ 8,358
Trade receivables – net 115,794 126,807 79,963
Contract receivables 0 1,062 2,017
Other receivables 224 242 235
Inventories – net 287,817 232,464 143,516
Income tax receivable 6,360 4,294 2,290
Prepaid expenses 5,216 4,507 4,772
Total current assets 421,213 375,285 241,151
LEASED ASSETS 10,376 11,428 2,626
PROPERTY, PLANT & EQUIPMENT – net 61,352 59,989 55,956
GOODWILL 50,246 50,641 48,375
IDENTIFIED INTANGIBLES – net 124,740 126,315 127,904
OTHER ASSETS 911 917 879
TOTAL ASSETS 668,838 624,575 476,891
CURRENT LIABILITIES:      
Accounts payable 130,246 114,632 67,224
Contract liabilities 0 1,062 2,017
Current Portion of Long-Term Debt 3,250 3,250 3,250
Accrued expenses:      
Salaries and wages 4,869 3,668 4,363
Taxes - other 1,674 849 536
Accrued freight 2,290 1,798 2,670
Commissions 1,428 2,447 1,068
Accrued duty 12,144 5,469 6,534
Accrued interest 2,705 2,133 2,197
Other 5,693 4,828 5,115
Total current liabilities 164,299 140,136 94,974
Long-term debt 281,365 266,794 184,121
LONG-TERM TAXES PAYABLE 169 169 169
LONG-TERM LEASE 7,636 8,809 1,867
DEFERRED INCOME TAXES 10,293 10,293 8,272
DEFERRED LIABILITIES 609 519 392
TOTAL LIABILITIES 464,371 426,720 289,795
SHAREHOLDERS' EQUITY:      
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding September 30, 2021 - 7,295,435; December 31, 2020 - 7,247,631; September 30, 2020 - 7,276,379 68,680 68,061 67,210
Retained earnings 135,787 129,794 119,886
Total shareholders' equity 204,467 197,855 187,096
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 668,838 $ 624,575 $ 476,891

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