Alamo Group Inc
(NYSE:ALG)

Alamo Group Inc. designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, such as boom-mounted mowers; other cutters and replacement parts...

Website: http://www.alamo-group.com

Founded: 1955

Full Time Employees: 4,270

Sector: Industrials

Industry: Farm & Heavy Construction Machinery

Industrials

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At a glance:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-03-31	2009-12-31	2009-03-31	2008-12-31	2008-03-31	2007-12-31	2007-03-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2003-06-30	2002-12-31

net sales:
vegetation management	175,420,000	138,746,000	173,059,000	178,358,000	163,890,000	159,802,000	190,115,000	211,535,000	223,747,000	214,357,000	246,902,000	261,346,000	256,435,000	232,545,000	228,511,000	255,003,000	221,006,000
industrial equipment	241,729,000	234,904,000	246,983,000	240,715,000	227,060,000	225,521,000	211,186,000	204,768,000	201,839,000	203,185,000	172,742,000	179,348,000	155,336,000	154,059,000	140,282,000	141,211,000	140,999,000
total net sales	417,149,000	373,650,000	420,042,000	419,073,000	390,950,000	385,323,000	401,301,000	416,303,000	425,586,000	417,542,000	419,644,000	440,694,000	411,771,000	386,604,000	368,793,000	396,214,000	362,005,000	337,173,000	338,311,000	347,550,000	311,189,000	288,624,000	291,759,000	268,635,000	314,448,000	300,189,000	271,829,000	285,186,000	261,934,000	256,038,000	257,572,000	257,125,000	238,087,000	243,260,000	240,455,000	213,276,000	215,389,000	205,522,000	216,766,000	211,489,000	210,971,000	224,431,000	231,614,000	215,734,000	207,798,000	228,277,000	233,175,000	206,353,000	171,250,000	165,605,000	174,738,000	178,064,000	158,429,000	149,404,000	156,078,000	167,009,000	155,911,000	146,997,000	155,057,000	160,824,000	140,715,000		128,389,000		110,143,000		133,781,000		120,147,000					73,536,000
cost of sales	312,344,000	288,649,000	318,359,000	310,781,000	288,109,000	293,535,000	300,414,000	308,122,000	313,954,000	308,622,000	305,501,000	322,620,000	299,264,000	288,809,000	276,428,000	296,497,000	275,364,000	253,521,000	252,015,000	259,410,000	234,763,000	221,915,000	213,123,000	200,810,000	235,508,000	232,113,000	203,119,000	212,053,000	198,626,000	193,406,000	190,800,000	190,671,000	177,830,000	182,349,000	175,516,000	158,597,000	161,225,000	157,589,000	162,055,000	159,311,000	160,694,000	175,694,000	174,105,000	165,069,000	162,261,000	179,905,000	177,735,000	159,067,000	133,120,000	129,254,000	131,582,000	133,973,000	123,517,000	117,361,000	119,008,000	127,848,000	120,673,000	118,427,000	117,834,000	123,433,000	108,814,000		100,254,000		88,416,000		108,800,000		98,590,000					56,692,000
gross profit	104,805,000	85,001,000	101,683,000	108,292,000	102,841,000	91,788,000	100,887,000	108,181,000	111,632,000	108,920,000	114,143,000	118,074,000	112,507,000	97,795,000	92,365,000	99,717,000	86,641,000	83,652,000	86,296,000	88,140,000	76,426,000	66,709,000	78,636,000	67,825,000	78,940,000	68,076,000	68,710,000	73,133,000	63,308,000	62,632,000	66,772,000	66,454,000	60,257,000	60,911,000	64,939,000	54,679,000	54,164,000	47,933,000	54,711,000	52,178,000	50,277,000	48,737,000	57,509,000	50,665,000	45,537,000	48,372,000	55,440,000	47,286,000	38,130,000	36,351,000	43,156,000	44,091,000	34,912,000	32,043,000	37,070,000	39,161,000	35,238,000	28,570,000	37,223,000	37,391,000	31,901,000		28,135,000		21,727,000		24,981,000		21,557,000					16,844,000
yoy	1.91%	-7.39%	0.79%	0.10%	-7.87%	-15.73%	-11.61%	-8.38%	-0.78%	11.38%	23.58%	18.41%	29.85%	16.91%	7.03%	13.13%	13.37%	25.40%	9.74%	29.95%	-3.18%	-2.01%	14.45%	-7.26%	24.69%	8.69%	2.90%	10.05%	5.06%	2.83%	2.82%	21.53%	11.25%	27.08%	18.69%	4.79%	7.73%	-1.65%	-4.87%	2.99%	10.41%	0.75%	3.73%	7.15%	19.43%	33.07%	28.46%	7.25%	9.22%	13.44%	16.42%	12.59%	-0.93%	12.16%	-0.41%	4.73%	10.46%		32.30%		46.83%		12.63%		0.79%
qoq	23.30%	-16.41%	-6.10%	5.30%	12.04%	-9.02%	-6.74%	-3.09%	2.49%	-4.58%	-3.33%	4.95%	15.04%	5.88%	-7.37%	15.09%	3.57%	-3.06%	-2.09%	15.33%	14.57%	-15.17%	15.94%	-14.08%	15.96%	-0.92%	-6.05%	15.52%	1.08%	-6.20%	0.48%	10.28%	-1.07%	-6.20%	18.76%	0.95%	13.00%	-12.39%	4.85%	3.78%	3.16%	-15.25%	13.51%	11.26%	-5.86%	-12.75%	17.24%	24.01%	4.89%	-15.77%	-2.12%	26.29%	8.95%	-13.56%	-5.34%	11.13%	23.34%	-23.25%	-0.45%	17.21%
selling, general and administrative expenses	57,767,000	58,260,000	59,931,000	57,136,000	54,330,000	53,295,000	56,747,000	60,817,000	60,594,000	60,068,000	60,564,000	59,858,000	59,668,000	51,282,000	52,723,000	55,009,000	53,635,000	52,136,000	52,586,000	50,887,000	47,330,000	47,331,000	44,069,000	41,551,000	51,248,000	44,180,000	44,255,000	43,784,000	40,702,000	37,940,000	38,523,000	39,668,000	38,896,000	40,042,000	37,328,000	34,522,000	34,063,000	35,655,000	33,699,000	34,137,000	33,988,000	34,342,000	33,939,000	34,230,000	33,409,000	32,661,000	33,914,000	32,490,000	27,499,000	28,240,000	27,830,000	26,530,000	25,173,000	24,434,000	23,992,000	24,836,000	24,245,000	23,340,000	22,762,000	23,685,000
amortization expense	4,879,000	4,210,000	4,210,000	4,078,000	4,049,000	4,052,000	4,061,000	4,055,000	4,059,000	4,054,000	3,826,000	3,824,000	3,815,000	3,796,000	3,802,000	3,792,000	3,887,000	3,649,000	3,667,000	3,663,000	3,658,000	3,653,000	3,644,000	3,613,000
income from operations	42,159,000	22,531,000	37,542,000	47,078,000	44,462,000	34,441,000	40,079,000	43,309,000	46,979,000	44,798,000	49,753,000	54,392,000	49,024,000	42,717,000	35,840,000	40,916,000	29,119,000	27,867,000	30,043,000	33,590,000	25,438,000	15,725,000	30,923,000	22,661,000	23,856,000	18,238,000	24,455,000	29,349,000	22,606,000	24,692,000	28,249,000	26,786,000	21,361,000	20,869,000	27,611,000	20,157,000	20,101,000	12,278,000	21,012,000	18,041,000	16,289,000	14,395,000	23,570,000	16,435,000	12,128,000	15,711,000	21,526,000	14,796,000	10,631,000	8,111,000	15,326,000	17,561,000	9,739,000	6,953,000	13,078,000	14,325,000	10,993,000	11,077,000	14,461,000	13,706,000	9,341,000		6,467,000		3,177,000		5,362,000		3,065,000					5,209,000
yoy	-5.18%	-34.58%	-6.33%	8.70%	-5.36%	-23.12%	-19.44%	-20.38%	-4.17%	4.87%	38.82%	32.94%	68.36%	53.29%	19.30%	21.81%	14.47%	77.21%	-2.85%	48.23%	6.63%	-13.78%	26.45%	-22.79%	5.53%	-26.14%	-13.43%	9.57%	5.83%	18.32%	2.31%	32.89%	6.27%	69.97%	31.41%	11.73%	23.40%	-14.71%	-10.85%	9.77%	34.31%	-8.38%	9.50%	11.08%	14.08%	93.70%	40.45%	-15.75%	9.16%	16.65%	17.19%	22.59%	-11.41%	-37.23%	-9.56%	4.52%	17.69%		123.61%		194.02%		20.61%		3.65%
qoq	87.12%	-39.98%	-20.26%	5.88%	29.10%	-14.07%	-7.46%	-7.81%	4.87%	-9.96%	-8.53%	10.95%	14.76%	19.19%	-12.41%	40.51%	4.49%	-7.24%	-10.56%	32.05%	61.77%	-49.15%	36.46%	-5.01%	30.80%	-25.42%	-16.68%	29.83%	-8.45%	-12.59%	5.46%	25.40%	2.36%	-24.42%	36.98%	0.28%	63.72%	-41.57%	16.47%	10.76%	13.16%	-38.93%	43.41%	35.51%	-22.81%	-27.01%	45.49%	39.18%	31.07%	-47.08%	-12.73%	80.32%	40.07%	-46.83%	-8.71%	30.31%	-0.76%	-23.40%	5.51%	46.73%
interest expense	-4,624,000	-4,102,000	-3,897,000	-3,684,000	-3,194,000	-3,473,000	-4,886,000	-6,098,000	-6,091,000	-6,587,000	-6,729,000	-6,837,000	-5,940,000	-4,791,000	-3,734,000	-3,189,000	-2,647,000	-2,406,000	-2,660,000	-2,854,000	-2,613,000	-2,916,000	-3,461,000	-3,941,000	-5,519,000	-5,525,000	-1,837,000	-1,935,000	-1,450,000	-1,260,000	-1,399,000	-1,497,000	-1,337,000	-598,000	-1,414,000	-1,500,000	-1,327,000	-1,580,000	-1,405,000	-1,523,000	-1,406,000	-1,582,000	-1,671,000	-1,848,000	-1,623,000	-1,257,000	-1,497,000	-1,044,000	-239,000	-264,000	-319,000	-336,000	-242,000	-260,000	-392,000	-525,000	-443,000	-707,000	-506,000	-444,000	-765,000		-1,250,000		-1,096,000		-1,835,000		-2,183,000					-631,000
interest income	1,481,000	1,614,000	1,522,000	1,195,000	1,238,000	760,000	562,000	514,000	801,000	360,000	385,000	357,000	383,000	530,000	93,000	57,000	72,000	272,000	296,000	293,000	288,000	398,000	306,000	306,000	356,000	367,000	359,000	330,000	173,000	101,000	100,000	109,000	100,000	79,000	100,000	81,000	76,000	53,000	43,000	56,000	62,000	69,000	27,000	41,000	52,000	74,000	41,000	35,000	61,000	57,000	44,000	41,000	44,000	55,000	66,000	58,000	55,000	90,000	32,000	52,000	72,000		812,000		160,000		410,000		289,000					155,000
other income	32,000	1,263,000	-210,000	-3,183,000	-663,000	2,730,000	-32,000	-65,000	98,000	1,667,000	138,000	-1,046,000	1,002,000	-200,000	1,413,000	-134,000	-1,752,000	-715,000	36,000	3,253,000	-630,000	-1,277,000	-333,000	-1,288,000	2,341,000	-353,000	242,000			-983,000	-265,000	-92,000	-134,000	416,000	-1,411,000	-665,000	-208,000	522,000	127,000	242,000	-622,000	4,631,000	895,000	488,000	860,000	719,000	421,000	153,000	474,000	436,000	558,000	343,000	289,000	139,000	-234,000	152,000	-574,000	253,000	817,000	-75,000	-147,000		-10,000		45,000		251,000		53,000					396,000
income before income taxes	39,048,000	21,306,000	34,957,000	41,406,000	41,843,000	34,458,000	35,723,000	37,660,000	41,787,000	40,238,000	43,547,000	46,866,000	44,469,000	38,256,000	33,612,000	37,650,000	24,792,000	25,018,000	27,715,000	34,282,000	22,483,000	11,930,000	27,435,000	17,738,000	21,034,000	12,727,000	23,219,000	27,449,000	20,940,000	22,550,000	26,685,000	25,306,000	19,990,000	20,766,000	24,886,000	18,073,000	18,642,000	11,273,000	19,777,000	16,816,000	14,323,000	17,513,000	22,821,000	15,116,000	11,417,000	15,247,000	20,491,000	13,940,000	10,927,000	8,340,000	15,609,000	17,609,000	9,830,000	6,887,000	12,518,000	14,010,000	10,031,000	10,713,000	14,804,000	13,239,000	8,501,000		6,019,000		2,286,000		4,188,000		1,224,000					5,129,000
provision for income taxes	9,864,000	5,794,000	9,574,000	10,300,000	10,043,000	6,377,000	8,318,000	9,336,000	9,667,000	8,715,000	8,632,000	10,492,000	11,120,000	9,091,000	7,791,000	9,178,000	6,322,000	5,791,000	10,196,000	8,245,000	5,021,000	3,850,000	7,402,000	4,749,000	5,506,000	3,159,000	5,801,000	6,782,000	5,687,000	5,961,000	3,142,000	6,535,000	5,407,000	17,526,000	8,294,000	5,757,000	6,475,000	3,685,000	6,541,000	6,254,000	5,664,000	6,129,000	8,065,000	5,406,000	4,058,000	3,896,000	7,124,000	4,745,000	3,689,000	2,316,000	4,276,000	5,822,000	2,880,000	2,688,000	3,943,000	4,666,000	3,246,000						2,026,000						391,000					1,861,000
net income	29,184,000	15,512,000	25,383,000	31,106,000	31,800,000	28,081,000	27,405,000	28,324,000	32,120,000	31,523,000	34,915,000	36,374,000	33,349,000	29,165,000	25,821,000	28,472,000	18,470,000	19,227,000	17,519,000	26,037,000	17,462,000	8,080,000	20,033,000	12,989,000	15,528,000	9,568,000	17,418,000	20,667,000	15,253,000	16,589,000	23,543,000	18,771,000	14,583,000	3,240,000	16,592,000	12,316,000	12,167,000	7,588,000	13,236,000	10,562,000	8,659,000	11,384,000	14,756,000	9,710,000	7,359,000	11,351,000	13,367,000	9,195,000	7,238,000	6,024,000	11,333,000	11,787,000	6,950,000	4,199,000	8,575,000	9,344,000	6,785,000	7,433,000	10,056,000	8,914,000	5,667,000		3,993,000		1,543,000		2,832,000		833,000					3,268,000
yoy	-8.23%	-44.76%	-7.38%	9.82%	-1.00%	-10.92%	-21.51%	-22.13%	-3.69%	8.09%	35.22%	27.75%	80.56%	51.69%	47.39%	9.35%	5.77%	137.96%	-12.55%	100.45%	12.45%	-15.55%	15.01%	-37.15%	1.80%	-42.32%	-26.02%	10.10%	4.59%	412.01%	41.89%	52.41%	19.86%	-57.30%	25.36%	16.61%	40.51%	-33.35%	-10.30%	8.77%	17.67%	0.29%	10.39%	5.60%	1.67%	88.43%	17.95%	-21.99%	4.14%	43.46%	32.16%	26.15%	2.43%	-43.51%	-14.73%	4.82%	19.73%		151.84%		267.27%		41.00%		85.23%
qoq	88.14%	-38.89%	-18.40%	-2.18%	13.24%	2.47%	-3.24%	-11.82%	1.89%	-9.72%	-4.01%	9.07%	14.35%	12.95%	-9.31%	54.15%	-3.94%	9.75%	-32.71%	49.11%	116.11%	-59.67%	54.23%	-16.35%	62.29%	-45.07%	-15.72%	35.49%	-8.05%	-29.54%	25.42%	28.72%	350.09%	-80.47%	34.72%	1.22%	60.35%	-42.67%	25.32%	21.98%	-23.94%	-22.85%	51.97%	31.95%	-35.17%	-15.08%	45.37%	27.04%	20.15%	-46.85%	-3.85%	69.60%	65.52%	-51.03%	-8.23%	37.72%	-8.72%	-26.08%	12.81%	57.30%
net income per common share:
basic	2,420	1,290	2,110	2,590	2,650	2,350	2,290	2,360	2,690	2,640	2,930	3,050	2,800	2,450	2,180	2,390	1,560	1,620	1,480	2,200	1,480	690	1,700	1,100	1,320	810	1,480	1,760	1,300	1,420	2,010	1,610	1,260	280	1,430	1,070	1,060	660	1,150	930	760	1,000	1,300	860	650	1,000	1,110	760	600	500	940	980	580	350	720	790	570	630	850	750	480		340		160		290		90					340
diluted	2,410	1,280	2,100	2,570	2,640	2,330	2,280	2,350	2,670	2,630	2,910	3,030	2,790	2,440	2,160	2,390	1,550	1,620	1,470	2,190	1,470	680	1,690	1,100	1,310	810	1,470	1,750	1,300	1,410	2,000	1,600	1,240	270	1,420	1,050	1,050	650	1,140	920	750	990	1,280	840	640	990	1,100	750	590	490	930	970	570	350	710	770	560	620	840	740	470		340		150		290		80					330
average common shares:
basic	12,051,000	5,000	12,029,000	12,020,000	11,990,000	3,000	11,977,000	11,974,000	11,944,000	4,000	11,928,000	11,921,000	11,899,000	2,000	11,883,000	11,880,000	11,860,000	2,000	11,842,000	11,842,000	11,820,000	6,000	11,788,000	11,778,000	11,761,000	5,000	11,748,000	11,726,000	11,698,000	11,000	11,689,000	11,652,000	11,606,000	14,000	11,586,000	11,547,000	11,472,000	10,000	11,460,000	11,422,000	11,389,000	12,000	11,380,000	11,352,000	11,280,000	-202,000	12,050,000	12,097,000	12,084,000	10,000	12,069,000	12,044,000	12,006,000	12,000	11,903,000	11,884,000	11,873,000	3,000	11,857,000	11,845,000	11,832,000		11,747,000		9,939,000		9,797,000		9,765,000					9,718,000
diluted	12,103,000	2,000	12,094,000	12,083,000	12,048,000	2,000	12,041,000	12,044,000	12,020,000	4,000	11,996,000	11,993,000	11,962,000	2,000	11,941,000	11,938,000	11,916,000	1,000	11,900,000	11,902,000	11,882,000	5,000	11,851,000	11,842,000	11,827,000	4,000	11,813,000	11,798,000	11,777,000	3,000	11,777,000	11,759,000	11,739,000	16,000	11,708,000	11,671,000	11,620,000	14,000	11,595,000	11,550,000	11,507,000	5,000	11,496,000	11,498,000	11,436,000	-212,000	12,206,000	12,276,000	12,270,000	16,000	12,229,000	12,200,000	12,158,000	11,000	12,056,000	12,058,000	12,027,000	2,000	11,947,000	11,966,000	11,980,000		11,833,000		9,963,000		9,921,000		9,947,000					9,767,000
dividends declared	340	225	300	300	300	195	260	260	260	165	220	220	220	135	180	180	180	105	140	140	140	97.5	130	130	130	90	120	120	120	82.5	110	110	110	75	100	100	100	67.5	90	90	90	60	80	80	80	52.5	70	70	70	52.5	70	70	70	45	60	60	60	45	60	60	60		60		60		60		60					60
industrial																		165,526,500	218,988,000	231,207,000	211,911,000	202,688,000	196,241,000	182,257,000	229,975,000	283,530,000	158,499,000	168,000,000	158,425,000	160,011,000	156,721,000	150,031,000	132,167,000	147,160,000	132,388,000	117,342,000	125,816,000	122,459,000	121,205,000	117,146,000	123,278,000	135,943,000	127,385,000	118,521,000	116,912,000	127,670,000	125,952,000	105,082,000	77,314,000	77,754,000	71,890,000	77,639,000	69,334,000	66,512,000	61,972,000	70,137,000	64,732,000	64,275,000	56,965,000	59,321,000	49,033,000		46,140,000		43,152,000		62,612,000		58,057,000					29,460,000
agricultural																		83,736,000	119,323,000	116,343,000	99,278,000	85,936,000	95,518,000	86,378,000	84,473,000	182,555,000	59,797,000	55,159,000	53,173,000	55,887,000	61,464,000	59,071,000	58,647,000	56,468,000	64,923,000	54,221,000	51,777,000	48,884,000	56,443,000	51,845,000	48,662,000	47,900,000	58,919,000	52,981,000	48,457,000	54,182,000	57,668,000	52,631,000	49,845,000	47,292,000	61,157,000	57,255,000	49,636,000	44,980,000	54,135,000	53,081,000	48,271,000	43,483,000	55,301,000	55,470,000	49,739,000		40,299,000		23,831,000		32,503,000		29,394,000					26,750,000
amortization expenses																									3,836,000
european																										41,474,000	53,533,000	62,027,000	50,336,000	40,140,000	39,387,000	48,023,000	47,273,000	39,632,000	43,144,000	41,713,000	37,796,000	34,179,000	39,118,000	42,498,000	39,031,000	40,588,000	45,310,000	44,232,000	42,429,000	46,425,000	49,555,000	48,640,000	44,091,000	40,559,000	41,691,000	43,170,000	39,459,000	37,912,000	39,971,000	43,791,000	42,908,000	39,239,000	42,791,000	46,033,000	41,943,000		41,950,000		43,160,000		38,666,000		32,696,000					17,326,000
other expense																												-295,000	-389,000
north american
benefit from income taxes																																																										2,976,750	4,748,000	4,325,000	2,834,000				743,000		1,356,000
selling, general and administrative expense																																																													22,560,000		21,668,000		18,550,000		19,619,000		18,492,000					11,635,000
average common shares
basic	12,051,000	5,000	12,029,000	12,020,000	11,990,000	3,000	11,977,000	11,974,000	11,944,000	4,000	11,928,000	11,921,000	11,899,000	2,000	11,883,000	11,880,000	11,860,000	2,000	11,842,000	11,842,000	11,820,000	6,000	11,788,000	11,778,000	11,761,000	5,000	11,748,000	11,726,000	11,698,000	11,000	11,689,000	11,652,000	11,606,000	14,000	11,586,000	11,547,000	11,472,000	10,000	11,460,000	11,422,000	11,389,000	12,000	11,380,000	11,352,000	11,280,000	-202,000	12,050,000	12,097,000	12,084,000	10,000	12,069,000	12,044,000	12,006,000	12,000	11,903,000	11,884,000	11,873,000	3,000	11,857,000	11,845,000	11,832,000		11,747,000		9,939,000		9,797,000		9,765,000					9,718,000
diluted	12,103,000	2,000	12,094,000	12,083,000	12,048,000	2,000	12,041,000	12,044,000	12,020,000	4,000	11,996,000	11,993,000	11,962,000	2,000	11,941,000	11,938,000	11,916,000	1,000	11,900,000	11,902,000	11,882,000	5,000	11,851,000	11,842,000	11,827,000	4,000	11,813,000	11,798,000	11,777,000	3,000	11,777,000	11,759,000	11,739,000	16,000	11,708,000	11,671,000	11,620,000	14,000	11,595,000	11,550,000	11,507,000	5,000	11,496,000	11,498,000	11,436,000	-212,000	12,206,000	12,276,000	12,270,000	16,000	12,229,000	12,200,000	12,158,000	11,000	12,056,000	12,058,000	12,027,000	2,000	11,947,000	11,966,000	11,980,000		11,833,000		9,963,000		9,921,000		9,947,000					9,767,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-06-30	2003-03-31	2002-12-31	2002-09-30

assets
current assets:
cash and cash equivalents	195,234,000	309,659,000	244,806,000	201,823,000	200,274,000	197,274,000	140,038,000	118,535,000	121,802,000	51,919,000	113,534,000	112,061,000	109,320,000	47,016,000	75,308,000	75,894,000	84,277,000	42,115,000	89,189,000	85,630,000	105,265,000	50,195,000	93,515,000	82,002,000	84,425,000	42,311,000	60,279,000	48,190,000	39,023,000	34,043,000	48,880,000	43,602,000	75,850,000	25,373,000	69,068,000	74,637,000	70,662,000	16,793,000	56,485,000	44,972,000	49,654,000	26,922,000	42,657,000	34,522,000	36,661,000	39,533,000	38,644,000	37,359,000	42,253,000	63,960,000	53,603,000	17,841,000	33,491,000	48,291,000	38,313,000	33,520,000	37,858,000	10,288,000	25,279,000	26,145,000	28,383,000	30,243,000	24,382,000	20,152,000	21,027,000	17,774,000	13,474,000	6,074,000	4,235,000	4,532,000	5,447,000	3,334,000	22,653,000	4,459,000	8,854,000	10,334,000	2,169,000	8,741,000	7,073,000	14,456,000	7,985,000	8,537,000	2,580,000	7,135,000	4,775,000	7,354,000	3,281,000	2,830,000	1,838,000	5,583,000
accounts receivable	334,956,000	276,866,000	335,210,000	356,236,000	339,596,000	305,561,000	356,617,000	388,512,000	392,940,000	362,007,000	378,107,000	378,675,000	363,525,000	317,581,000	301,919,000	306,967,000	296,857,000	237,970,000	245,517,000	253,179,000	242,971,000	209,276,000	217,276,000	229,714,000	248,773,000	237,837,000	243,296,000	267,064,000	269,785,000	228,098,000	227,828,000	238,126,000	234,747,000	205,767,000	203,068,000	200,223,000	196,244,000	170,329,000	174,047,000	196,901,000	195,692,000	178,305,000	175,940,000	194,942,000	193,176,000	175,008,000	178,072,000	201,930,000	183,361,000	151,396,000	161,704,000	178,993,000	169,678,000	140,268,000	153,834,000	169,974,000	170,391,000	143,934,000	148,285,000	169,695,000	154,614,000	127,388,000	127,610,000	134,832,000	135,295,000	111,745,000	104,156,000	124,733,000	132,747,000	124,197,000	128,323,000	149,809,000	138,564,000	109,260,000	123,628,000	125,024,000	97,825,000	119,965,000	85,368,000	87,878,000	108,531,000	107,755,000	82,337,000	71,972,000	91,421,000	91,254,000	64,263,000	77,696,000	80,015,000	59,720,000
inventories	425,538,000	383,252,000	378,166,000	372,074,000	356,406,000	343,363,000	371,999,000	385,136,000	384,488,000	377,480,000	371,748,000	369,319,000	362,593,000	352,553,000	362,713,000	352,915,000	355,389,000	320,917,000	294,270,000	264,540,000	250,250,000	229,971,000	243,529,000	248,706,000	273,648,000	267,674,000	206,516,000	205,910,000	211,355,000	176,630,000	184,018,000	174,836,000	168,211,000	155,568,000	159,571,000	153,150,000	141,408,000	135,760,000	154,604,000	159,840,000	156,572,000	150,758,000	174,423,000	175,440,000	170,294,000	166,088,000	183,797,000	182,148,000	123,932,000	109,104,000	121,639,000	120,978,000	118,224,000	108,758,000	119,578,000	122,781,000	127,989,000	114,305,000	116,137,000	122,181,000	117,460,000	99,304,000	104,433,000	108,944,000	118,860,000	124,322,000	113,194,000	125,114,000	130,750,000	132,248,000	132,989,000	134,709,000	121,788,000	118,285,000	128,909,000	126,771,000	116,175,000	109,144,000	77,013,000	81,056,000	84,304,000	81,673,000	72,757,000	73,911,000	73,420,000	70,931,000	63,579,000	66,064,000	66,469,000	63,512,000
prepaid expenses and other current assets	15,820,000	11,629,000	9,758,000	12,461,000	14,931,000	11,206,000	10,899,000	14,830,000	16,226,000	12,497,000	9,226,000	10,979,000	9,660,000	9,144,000	7,443,000	11,095,000	12,531,000	9,500,000	6,741,000	9,164,000	9,296,000	7,382,000	7,064,000	7,625,000	10,243,000	10,099,000	7,771,000	6,690,000	6,906,000
income tax receivable	12,023,000	16,687,000	11,453,000		27,000	91,000	51,000	463,000	75,000	54,000	750,000	937,000	318,000	916,000	3,242,000	1,432,000	209,000	1,666,000	66,000	10,007,000	4,051,000	6,186,000	5,771,000	4,066,000	6,878,000	12,907,000	6,615,000	8,250,000	4,918,000	8,745,000	4,460,000	5,345,000	1,306,000	483,000	985,000	4,493,000	243,000	11,000	2,970,000	1,631,000	1,360,000	1,491,000		556,000	449,000	3,546,000		915,000	1,623,000	1,623,000					509,000	937,000	937,000	937,000	448,000	448,000	448,000	448,000		1,195,000	1,195,000	1,195,000
total current assets	983,571,000	998,093,000	979,393,000	942,594,000	911,234,000	857,495,000	879,604,000	907,476,000	915,531,000	803,957,000	873,365,000	871,971,000	845,416,000	727,210,000	750,625,000	748,303,000	749,263,000	612,168,000	635,783,000	622,520,000	611,833,000	503,010,000	567,155,000	572,113,000	623,967,000	570,828,000	524,477,000	536,104,000	531,987,000	452,843,000	471,308,000	468,680,000	487,924,000	392,527,000	438,162,000	437,990,000	413,560,000	327,618,000	392,695,000	408,272,000	408,412,000	362,886,000	404,207,000	417,452,000	412,080,000	393,302,000	414,274,000	436,139,000	364,207,000	336,953,000	348,074,000	326,821,000	330,582,000	306,800,000	320,587,000	334,823,000	345,542,000	276,123,000	299,241,000	327,011,000	309,136,000	265,060,000	263,195,000	272,481,000	284,033,000	261,733,000	236,501,000	261,675,000	273,329,000	266,025,000	272,261,000	293,114,000	288,164,000	236,969,000	266,508,000	267,136,000	220,771,000	244,158,000	174,081,000	187,873,000	205,450,000	203,314,000	162,235,000	160,816,000	178,502,000	175,295,000	135,674,000	152,638,000	155,015,000	134,690,000
rental equipment	60,273,000	61,102,000	61,558,000	59,606,000	57,198,000	52,942,000	47,260,000	46,630,000	43,102,000	39,264,000	38,431,000	36,375,000	36,125,000	33,723,000	33,156,000	31,168,000	31,850,000	32,514,000	36,244,000	38,619,000	39,693,000	42,266,000	44,774,000	48,583,000	52,045,000	56,467,000	56,177,000	51,517,000	49,342,000	43,978,000	40,461,000	37,057,000	32,751,000	28,493,000	31,044,000	31,441,000	28,047,000	30,970,000	32,506,000	34,063,000	33,994,000	37,564,000	42,214,000	44,437,000	36,779,000	33,631,000	28,927,000	29,160,000
property, plant and equipment	386,659,000	392,029,000	380,895,000	371,621,000	373,872,000	365,608,000	373,939,000	371,699,000	369,233,000	365,960,000	357,234,000	352,233,000	341,516,000	335,078,000	325,283,000	325,911,000	324,236,000	321,863,000	316,347,000	314,580,000	313,757,000	312,362,000	307,480,000	302,219,000	297,729,000	302,113,000	243,777,000	243,489,000	236,692,000	219,135,000	214,175,000	207,827,000	210,681,000	202,293,000	196,837,000	190,228,000	182,670,000	180,041,000	179,727,000	180,994,000	180,158,000	178,044,000	172,908,000	173,592,000	168,297,000	171,667,000	173,071,000	177,235,000	160,926,000	158,376,000	154,884,000	149,995,000	147,241,000	146,454,000	147,526,000	146,986,000	150,106,000	147,576,000	143,004,000	144,952,000	143,065,000	139,674,000	139,784,000	138,075,000	140,433,000	142,076,000	130,138,000	128,486,000	125,889,000	125,952,000	128,434,000	135,310,000	128,201,000	124,665,000	118,429,000	115,160,000	111,159,000	105,781,000	95,318,000	95,867,000	96,703,000	94,916,000	94,489,000	91,869,000	91,864,000	96,208,000	82,218,000	77,467,000	75,810,000	75,160,000
less: accumulated depreciation	-223,852,000	-226,052,000	-215,008,000	-210,905,000	-214,689,000	-207,276,000	-210,565,000	-210,096,000	-204,423,000	-199,300,000	-192,715,000	-188,799,000	-183,128,000	-180,071,000	-172,221,000	-172,004,000	-172,552,000	-169,372,000	-168,557,000	-165,200,000	-160,970,000	-156,928,000	-152,276,000	-146,009,000	-141,349,000	-141,388,000	-136,838,000	-138,022,000	-134,955,000	-131,905,000	-130,606,000	-128,090,000	-129,196,000	-125,629,000	-122,842,000	-118,995,000	-116,145,000	-113,412,000	-111,377,000	-110,321,000	-109,854,000	-107,094,000	-105,791,000	-104,201,000	-100,565,000	-100,497,000	-100,655,000	-101,907,000	-99,374,000	-96,472,000	-94,251,000	-91,503,000	-90,519,000	-89,653,000	-89,883,000	-88,269,000	-88,582,000	-86,034,000	-85,297,000	-84,490,000	-81,863,000	-78,490,000	-76,896,000	-74,848,000	-73,871,000	-72,215,000	-70,265,000	-68,124,000	-66,531,000	-64,168,000	-63,905,000	-66,231,000	-64,572,000	-61,513,000	-57,465,000	-55,686,000	-53,788,000	-52,339,000	-52,790,000	-53,018,000	-53,034,000	-53,045,000	-51,435,000	-51,755,000	-51,373,000	-55,469,000	-49,991,000	-46,570,000	-44,775,000	-43,431,000
total property, plant and equipment	162,807,000	165,977,000	165,887,000	160,716,000	159,183,000	158,332,000	163,374,000	161,603,000	164,810,000	166,660,000	164,519,000	163,434,000	158,388,000	155,007,000	153,062,000	153,907,000	151,684,000	152,491,000	147,790,000	149,380,000	152,787,000	155,434,000	155,204,000	156,210,000	156,380,000	160,725,000	106,939,000	105,467,000	101,737,000
goodwill	266,610,000	214,611,000	214,429,000	221,607,000	204,582,000	203,027,000	206,458,000	204,766,000	205,452,000	206,536,000	195,863,000	197,445,000	196,533,000	195,858,000	192,946,000	196,068,000	198,726,000	202,406,000	193,572,000	194,936,000	194,025,000	195,132,000	192,976,000	195,457,000	195,561,000	198,022,000	93,468,000	93,134,000	88,821,000	83,243,000	83,716,000	83,972,000	85,033,000	84,761,000	86,364,000	82,430,000	75,298,000	74,825,000	75,883,000	75,919,000	76,397,000	75,509,000	76,082,000	77,389,000	72,831,000	72,407,000	71,996,000	73,594,000	31,980,000	32,073,000	31,814,000	30,923,000	30,870,000	31,648,000	32,019,000	31,558,000	32,365,000	31,751,000	33,949,000	35,636,000	35,281,000	34,073,000	34,598,000	32,607,000	34,341,000	35,207,000	49,449,000	48,696,000	46,987,000	48,107,000	55,507,000	58,657,000	43,947,000	43,946,000	43,118,000	42,725,000	42,336,000	40,246,000	26,416,000	26,626,000	26,394,000	27,103,000	23,067,000	21,963,000	21,541,000	22,281,000	21,677,000	20,911,000	20,167,000	19,873,000
intangible assets	225,691,000	144,932,000	147,322,000	145,040,000	147,899,000	151,360,000	156,399,000	159,708,000	163,909,000	168,296,000	159,884,000	164,376,000	167,832,000	171,341,000	173,508,000	178,781,000	182,305,000	183,466,000	181,516,000	185,581,000	188,955,000	193,172,000	195,966,000	198,925,000	202,344,000	206,272,000	59,205,000	62,725,000	63,568,000	48,857,000	49,763,000	50,636,000	51,888,000	52,872,000	54,739,000	55,353,000	49,302,000	50,038,000	50,921,000	51,724,000	52,472,000	52,950,000	53,908,000	55,010,000	55,709,000	56,984,000	62,028,000	63,161,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,500,000	5,744,000	5,763,000	5,783,000	5,803,000	3,923,000	3,942,000	3,962,000	3,982,000	4,003,000	4,029,000	4,055,000	4,081,000		4,159,000	4,185,000
deferred income taxes	1,264,000	1,264,000	1,119,000	1,118,000	1,118,000	1,118,000	1,450,000	1,402,000	1,388,000	1,375,000	904,000	1,053,000	983,000	969,000	1,043,000	1,006,000	1,054,000	1,110,000	2,004,000	674,000	1,080,000	1,203,000	1,675,000	815,000	1,026,000	1,078,000	1,060,000	961,000	1,893,000	1,783,000	1,553,000	1,545,000	2,497,000	992,000	732,000	652,000	665,000	619,000	1,692,000	1,601,000	1,897,000		6,171,000	7,304,000	5,735,000	4,712,000	6,515,000	6,071,000	5,880,000	5,741,000	5,245,000	3,622,000	3,742,000	3,824,000	3,423,000	3,381,000	3,455,000	3,502,000	4,677,000	3,897,000	3,786,000	3,813,000	2,232,000	3,559,000	3,105,000	3,118,000	2,513,000	2,646,000	2,645,000	2,671,000	1,946,000	1,977,000	2,054,000	2,131,000	2,375,000	2,368,000	2,293,000	2,296,000	2,296,000	2,168,000	2,075,000	2,089,000	2,094,000	4,201,000	4,200,000	4,207,000	2,465,000	4,418,000	4,406,000	4,282,000
other non-current assets	27,228,000	20,637,000	25,271,000	26,968,000	23,480,000	26,005,000	26,796,000	24,385,000	25,228,000	23,298,000	22,548,000	23,105,000	23,935,000	24,400,000	23,451,000	23,143,000	23,133,000	21,587,000	20,869,000	17,116,000	17,780,000	19,112,000	15,709,000	17,585,000	18,553,000	19,371,000	15,067,000	16,671,000	14,905,000
total assets	1,727,444,000	1,606,616,000	1,594,979,000	1,557,649,000	1,504,694,000	1,450,279,000	1,481,341,000	1,505,970,000	1,519,420,000	1,409,386,000	1,455,514,000	1,457,759,000	1,429,212,000	1,308,508,000	1,327,791,000	1,332,376,000	1,338,015,000	1,205,742,000	1,217,778,000	1,208,826,000	1,206,153,000	1,109,329,000	1,173,459,000	1,189,688,000	1,249,876,000	1,212,763,000	856,393,000	866,579,000	852,253,000	721,633,000	734,773,000	725,379,000	745,894,000	639,671,000	686,569,000	680,864,000	635,139,000	552,776,000	624,882,000	645,328,000	646,352,000	603,503,000	644,922,000	665,237,000	647,496,000	629,602,000	654,340,000	682,162,000	465,443,000	438,476,000	449,644,000	425,170,000	427,240,000	404,339,000	419,222,000	436,614,000	451,045,000	380,935,000	402,203,000	434,527,000	416,922,000	370,983,000	370,295,000	378,803,000	395,970,000	377,963,000	353,938,000	378,873,000	387,953,000	384,354,000	398,283,000	426,836,000	401,335,000	350,630,000	376,553,000	374,809,000	326,634,000	341,337,000	246,216,000	260,416,000	278,462,000	275,782,000	231,730,000	226,379,000	244,768,000	243,406,000	194,224,000	209,221,000	210,975,000	191,222,000
liabilities and stockholders’ equity
current liabilities:
trade accounts payable	141,662,000	125,130,000	129,297,000	111,820,000	104,977,000	84,505,000	97,259,000	102,947,000	103,409,000	99,678,000	110,944,000	116,287,000	101,549,000	97,537,000	100,886,000	107,003,000	114,312,000	101,396,000	107,059,000	104,715,000	93,899,000	75,317,000	82,071,000	63,417,000	88,891,000	81,986,000	69,009,000	67,391,000	70,251,000	54,083,000	71,944,000	63,322,000	61,830,000	55,825,000	59,212,000	57,164,000	54,361,000	43,136,000	48,504,000	55,702,000	54,903,000	45,486,000	60,952,000	60,806,000	57,475,000	47,741,000	68,701,000	65,905,000	66,335,000	45,593,000	55,911,000	53,602,000	55,546,000	41,641,000	47,516,000	49,998,000	54,353,000	40,782,000	47,029,000	56,303,000	53,119,000	45,152,000	46,195,000	46,892,000	44,402,000	36,046,000	38,646,000	45,308,000	49,420,000	54,598,000	64,876,000	65,414,000	48,619,000	39,248,000	50,397,000	48,952,000	34,019,000	52,226,000	26,518,000	30,329,000	32,293,000	30,852,000	26,773,000	26,514,000	30,762,000	28,913,000	18,098,000	21,407,000	20,817,000	15,216,000
income taxes payable	2,704,000	2,332,000		3,973,000	18,725,000	13,259,000	15,687,000	12,829,000	17,596,000	12,529,000	13,695,000	11,284,000	14,801,000	6,592,000	5,218,000	1,498,000	867,000	2,613,000	6,425,000	2,724,000	2,749,000	2,278,000	3,625,000	2,619,000	2,079,000	2,362,000	2,516,000	1,926,000	2,019,000	2,865,000			5,537,000	5,002,000	2,445,000	2,210,000	6,924,000	2,333,000	2,150,000	1,159,000	1,076,000	1,320,000	1,131,000	338,000	420,000	52,000	3,111,000	1,369,000	1,947,000	1,126,000	1,869,000	2,214,000	2,935,000	4,045,000	4,170,000	2,001,000	3,314,000	2,362,000	3,139,000		1,584,000	1,567,000	244,000	77,000	2,566,000	2,688,000	3,305,000	1,971,000	821,000	841,000	2,296,000	2,301,000	1,666,000	2,289,000	293,000	-1,101,000	-1,310,000	785,000	807,000	1,548,000	979,000	1,891,000	1,204,000	3,280,000	3,306,000	2,182,000	1,724,000	353,000	-661,000	79,000
accrued liabilities	68,466,000	75,905,000	76,770,000	76,113,000	73,006,000	77,537,000	84,061,000	76,772,000	77,349,000	86,711,000	79,682,000	72,266,000	72,890,000	71,368,000	71,820,000	66,100,000	68,315,000	73,523,000	67,183,000	62,107,000	60,681,000	64,634,000	56,916,000	52,615,000	52,923,000	59,686,000	48,525,000	47,707,000	42,490,000	43,785,000	38,297,000	37,312,000	33,304,000	40,454,000	35,822,000	35,994,000	27,287,000	33,158,000	32,567,000	33,081,000	30,360,000	38,141,000	37,413,000	36,060,000	37,947,000	41,002,000	44,391,000	45,228,000	32,473,000	33,482,000	36,170,000	31,348,000	30,941,000	31,601,000	31,962,000	29,982,000	28,995,000	30,716,000	29,377,000	30,601,000	33,179,000	29,813,000	32,684,000	32,639,000	31,954,000	32,013,000	28,895,000	28,755,000	25,942,000	26,059,000	29,744,000	34,219,000	23,653,000	22,673,000	24,859,000	24,002,000	23,755,000	22,885,000	18,608,000	18,869,000	18,632,000	19,139,000	18,114,000	19,787,000	19,615,000	17,492,000	13,269,000	13,082,000	11,815,000	12,680,000
current maturities of long-term debt and finance lease obligations	15,000,000	15,000,000	15,000,000	15,000,000	15,009,000	15,008,000	15,009,000	15,008,000	15,008,000	15,008,000	15,008,000	15,008,000	15,008,000	15,009,000	15,010,000	15,015,000	15,022,000	15,032,000	15,059,000	15,069,000	15,078,000	15,066,000	15,068,000	15,072,000	18,826,000	18,840,000	113,000	131,000	134,000
total current liabilities	227,832,000	218,367,000	221,067,000	206,906,000	211,717,000	190,309,000	212,016,000	207,556,000	213,362,000	213,926,000	219,329,000	214,845,000	204,248,000	190,506,000	192,934,000	189,616,000	198,516,000	192,564,000	195,726,000	184,615,000	172,407,000	157,295,000	157,680,000	133,723,000	162,719,000	162,874,000	120,163,000	117,155,000	114,894,000	100,852,000	110,430,000	100,651,000	100,946,000	101,363,000	97,755,000	95,448,000	89,108,000	78,700,000	84,593,000	91,153,000	86,414,000	85,024,000	100,271,000	98,054,000	96,353,000	89,367,000	117,939,000	114,627,000	101,894,000	80,621,000	94,692,000	87,922,000	90,239,000	78,128,000	84,711,000	83,435,000	90,583,000	75,693,000	80,798,000	88,694,000	89,840,000	79,189,000	82,501,000	85,192,000	87,520,000	79,364,000	76,269,000	79,947,000	81,563,000	85,684,000	100,293,000	107,409,000	78,570,000	67,578,000	78,825,000	76,113,000	59,803,000	80,422,000	48,930,000	52,816,000	54,426,000	56,143,000	49,052,000	51,784,000	56,771,000	52,246,000	34,706,000	36,968,000	76,516,000	30,558,000
long-term debt and finance lease obligations, net of current maturities	275,467,000	190,748,000	194,430,000	198,115,000	201,789,000	205,473,000	209,157,000	278,591,000	306,525,000	220,269,000	308,892,000	332,576,000	356,259,000	286,943,000	348,463,000	356,149,000	357,834,000	254,522,000	279,215,000	299,910,000	338,605,000	270,320,000	359,021,000	423,723,000	471,429,000	425,141,000	150,192,000	166,232,000	180,234,000
long-term tax liability	470,000	470,000	471,000	626,000	626,000	626,000	708,000	490,000	2,633,000	2,634,000	2,634,000	2,464,000	3,781,000	3,781,000	3,781,000	2,444,000	4,416,000	4,416,000	4,408,000	4,408,000	4,408,000	3,954,000	6,778,000	6,778,000	6,778,000	7,432,000	6,710,000	6,378,000	6,378,000	6,120,000	7,347,000	12,316,000	12,316,000	12,316,000
other long-term liabilities	24,964,000	24,113,000	24,423,000	25,975,000	24,201,000	24,619,000	28,886,000	23,964,000	24,335,000	23,694,000	22,171,000	22,804,000	23,628,000	23,668,000	24,821,000	24,642,000	25,908,000	27,119,000	28,095,000	26,921,000	27,600,000	30,744,000	25,817,000	25,361,000	25,307,000	19,254,000	14,190,000	14,340,000	13,127,000	8,436,000	7,474,000	7,415,000	7,391,000	7,291,000	7,522,000	7,407,000	7,106,000	6,969,000	5,935,000	5,843,000	5,879,000	5,782,000	6,084,000	5,940,000	5,645,000	5,656,000	3,843,000	3,756,000	3,540,000	3,494,000	3,710,000	3,765,000	3,693,000	3,646,000	4,496,000	4,453,000	4,383,000	4,319,000	3,862,000	4,110,000	4,079,000	2,109,000	2,348,000	2,252,000	2,310,000	3,665,000	4,144,000	4,422,000	4,797,000	5,139,000	3,934,000	4,042,000	5,424,000	4,100,000	2,722,000	2,752,000	2,614,000	2,283,000
total liabilities	554,520,000	457,913,000	462,373,000	442,253,000
stockholders’ equity:
common stock	1,210,000	1,207,000	1,207,000	1,206,000	1,205,000	1,202,000	1,201,000	1,201,000	1,200,000	1,196,000	1,196,000	1,196,000	1,194,000	1,191,000	1,191,000	1,191,000	1,189,000	1,187,000	1,187,000	1,186,000	1,184,000	1,181,000	1,180,000	1,179,000	1,176,000	1,175,000	1,175,000	1,174,000	1,167,000	1,166,000	1,166,000	1,165,000	1,158,000	1,158,000	1,156,000	1,156,000	1,150,000	1,146,000	1,146,000	1,145,000	1,141,000	1,139,000	1,139,000	1,139,000	1,132,000	1,130,000	1,129,000	1,213,000	1,213,000	1,211,000	1,211,000	1,209,000	1,206,000	1,203,000	1,195,000	1,193,000	1,191,000	1,190,000	1,190,000	1,190,000	1,188,000	1,187,000	1,185,000	1,182,000	1,179,000	1,179,000	1,009,000	1,005,000	1,001,000	996,000	996,000	986,000	984,000	984,000	982,000	981,000	980,000	979,000	979,000	979,000	979,000	979,000	978,000	978,000	977,000	977,000	977,000	976,000	976,000	976,000	976,000
additional paid-in-capital	156,887,000		153,704,000	151,120,000	147,907,000		144,616,000	142,147,000	139,022,000		135,571,000	133,598,000	131,657,000		128,780,000	127,180,000	125,681,000		123,446,000	121,253,000	120,541,000		117,339,000	115,594,000	114,967,000		112,629,000	111,476,000	109,285,000		107,737,000	106,794,000	104,588,000		102,913,000	102,355,000	100,695,000		99,222,000	98,616,000	97,378,000		96,610,000	96,245,000	94,298,000		93,097,000	93,431,000	91,989,000		91,046,000	90,165,000	89,414,000		86,963,000	86,552,000	85,938,000		85,401,000	85,172,000
treasury stock	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-4,566,000	-3,381,000	-1,916,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000	-426,000
retained earnings	1,070,824,000	1,045,733,000	1,033,831,000	1,012,057,000	984,552,000	956,347,000	931,379,000	907,089,000	881,876,000	852,859,000	823,960,000	791,669,000	757,917,000	727,183,000	700,156,000	676,474,000	650,141,000	633,804,000	616,235,000	591,014,000	566,634,000	550,826,000	544,280,000	525,778,000	514,320,000	500,320,000	492,161,000	476,152,000	456,889,000	443,040,000	427,737,000	405,479,000	387,985,000	374,678,000	372,597,000	357,163,000	346,009,000	334,988,000	328,432,000	316,227,000	306,691,000	299,057,000	288,582,000	274,737,000	265,932,000	259,476,000	248,913,000	269,943,000	261,595,000	255,203,000	250,025,000	239,535,000	228,591,000	222,480,000	218,997,000	210,519,000	201,887,000	195,814,000	189,094,000	179,750,000	171,545,000	166,589,000	162,400,000	154,209,000	150,043,000	146,756,000	139,386,000	135,405,000	133,011,000	132,064,000	134,509,000	130,647,000	125,671,000	123,426,000	117,103,000	113,655,000	113,407,000	105,618,000	104,261,000	104,721,000	100,922,000	97,297,000	95,309,000	92,846,000	89,232,000	84,983,000	84,249,000	81,371,000	78,680,000	78,544,000
accumulated other comprehensive loss	-51,431,000	-49,098,000	-51,570,000	-44,421,000	-72,037,000	-81,595,000	-54,910,000	-66,155,000	-60,976,000	-54,517,000	-68,427,000	-55,955,000	-63,854,000	-68,268,000	-88,530,000	-63,837,000	-45,265,000	-48,990,000	-44,640,000	-37,006,000	-41,912,000	-40,326,000	-53,020,000	-60,834,000	-65,488,000	-40,838,000	-50,347,000	-42,589,000	-43,941,000	-44,831,000	-39,322,000	-38,565,000	-26,923,000	-30,166,000	-29,747,000	-37,337,000	-44,572,000	-47,756,000	-40,858,000	-39,324,000	-32,354,000	-36,079,000	-31,805,000	-23,798,000	-29,806,000
total stockholders’ equity	1,172,924,000	1,148,703,000	1,132,606,000	1,115,396,000	1,057,061,000	1,018,254,000	1,017,720,000	979,716,000	956,556,000	932,763,000	887,734,000	865,942,000	822,348,000	785,360,000	737,031,000	736,442,000	727,180,000	705,663,000	691,662,000	671,881,000	641,881,000	625,643,000	605,213,000	577,151,000	560,409,000	569,757,000	551,052,000	542,832,000	521,484,000	507,371,000	496,892,000	474,447,000	466,382,000	449,108,000	446,493,000	422,911,000	402,856,000	387,717,000	387,516,000	376,238,000	372,430,000	360,469,000	354,100,000	347,897,000	331,130,000	337,670,000	337,464,000	369,973,000	356,567,000	350,465,000	340,199,000	322,370,000	311,550,000	310,286,000	305,025,000	292,375,000	287,156,000	276,658,000	274,534,000	273,071,000	262,733,000	253,260,000	249,517,000	232,139,000	234,143,000	235,377,000	200,882,000	193,656,000	182,119,000	184,312,000	201,528,000	208,423,000	201,910,000	198,698,000	189,454,000
total liabilities and stockholders’ equity	1,727,444,000	1,606,616,000	1,594,979,000	1,557,649,000	1,504,694,000	1,450,279,000	1,481,341,000	1,505,970,000	1,519,420,000	1,409,386,000	1,455,514,000	1,457,759,000	1,429,212,000	1,308,508,000	1,327,791,000	1,332,376,000	1,338,015,000	1,205,742,000	1,217,778,000	1,208,826,000	1,206,153,000	1,109,329,000	1,173,459,000	1,189,688,000	1,249,876,000	1,212,763,000	856,393,000	866,579,000	852,253,000	721,633,000	734,773,000	725,379,000	745,894,000	639,671,000	686,569,000	680,864,000	635,139,000	552,776,000	624,882,000	645,328,000	646,352,000	603,503,000	644,922,000	665,237,000	647,496,000	629,602,000	654,340,000	682,162,000	465,443,000	438,476,000	449,644,000	425,170,000	427,240,000	404,339,000	419,222,000	436,614,000	451,045,000	380,935,000	402,203,000	434,527,000	416,922,000	370,983,000	370,295,000	378,803,000	395,970,000	377,963,000	353,938,000	378,873,000	387,953,000	384,354,000	398,283,000	426,836,000	401,335,000	350,630,000	376,553,000
additional paid-in capital		155,427,000				146,866,000				137,791,000				129,820,000				124,228,000				118,528,000				113,666,000				108,422,000				103,864,000				99,765,000				96,778,000				93,849,000				91,439,000				88,660,000				85,704,000			84,606,000	84,377,000	83,906,000	83,385,000	82,936,000	82,721,000	57,217,000	56,724,000	56,168,000	55,683,000	55,115,000	54,153,000	53,785,000	53,610,000	52,892,000	52,597,000	52,400,000	51,853,000	51,736,000	51,702,000	51,702,000	51,664,000	51,577,000	51,547,000	51,461,000	51,451,000	51,439,000	51,355,000	51,354,000	51,345,000
deferred pension liability																			963,000	1,219,000	1,475,000	1,731,000	1,274,000	1,464,000	1,654,000	1,844,000	1,606,000	1,719,000	1,832,000		706,000	879,000	1,052,000		1,999,000	2,409,000	2,519,000		3,790,000	3,926,000	4,063,000		4,337,000	4,788,000	5,239,000		1,264,000	1,720,000	2,138,000		8,248,000	8,959,000	9,448,000		9,273,000	10,104,000	10,487,000		5,727,000	6,140,000	6,782,000		6,355,000	7,207,000	7,506,000		8,614,000	8,651,000	8,758,000		371,000	730,000	983,000			4,084,000		4,755,000
prepaid expenses																														5,327,000	6,122,000	6,771,000	7,810,000	5,336,000	5,470,000	5,487,000	5,003,000	4,725,000	4,589,000	4,928,000	5,134,000	5,410,000	5,016,000	4,688,000	5,765,000	4,415,000	7,246,000	7,716,000	7,158,000	5,129,000	5,883,000	5,387,000	5,447,000	5,659,000	4,930,000	4,230,000	4,912,000	3,157,000	4,415,000	4,645,000	4,445,000	3,864,000	3,343,000	3,799,000	4,551,000	3,579,000	3,164,000	3,108,000	2,952,000	2,377,000	3,556,000	3,285,000	3,105,000	2,834,000	2,742,000	2,639,000	2,309,000	4,012,000	2,331,000	2,315,000	2,555,000	3,260,000	2,467,000	3,597,000	4,686,000	1,549,000	2,086,000	1,630,000	2,287,000	1,593,000
other assets																														3,699,000	4,403,000	3,752,000	4,316,000	3,362,000	1,533,000	1,765,000	1,742,000	2,077,000	2,835,000	3,076,000	2,876,000	2,169,000	1,287,000	1,441,000	1,648,000	1,466,000	1,763,000	2,497,000	1,743,000	1,589,000	1,026,000	855,000	972,000	997,000	1,002,000	1,095,000	1,192,000	1,098,000	725,000	861,000	746,000	855,000	971,000	567,000	1,093,000	1,201,000	1,303,000	1,309,000	1,422,000	1,702,000	1,692,000	1,666,000	1,249,000	2,191,000	1,539,000	1,024,000	1,630,000	2,590,000	2,470,000	2,637,000	2,518,000	3,046,000	2,926,000	3,038,000	3,786,000	4,043,000	3,598,000	3,485,000	3,368,000	3,500,000
current maturities of long-term debt and capital lease obligations																														119,000	189,000	17,000	275,000	82,000	276,000	80,000	536,000	73,000	1,372,000	1,211,000	75,000	77,000	473,000	528,000	511,000	551,000	852,000	1,241,000	1,139,000	420,000	499,000	519,000	571,000	588,000	808,000			1,190,000				2,319,000				5,453,000				4,186,000
long-term debt and capital lease obligation, net of current maturities																														85,179,000				60,000,000				70,017,000				144,006,000				190,024,000				8,000				118,000				8,621,000				23,106,000				44,336,000
accrued pension liabilities																														1,944,000				1,225,000				2,929,000				4,499,000				5,714,000				2,538,000				9,871,000				10,792,000				7,151,000				7,640,000				8,682,000
long-term debt and capital lease obligations, net of current maturities																															101,000,000	119,000,000	147,000,000		126,000,000	146,017,000	127,017,000		134,018,000	164,003,000	173,004,000		175,005,000	203,014,000	208,013,000		190,005,000	188,006,000			90,000	35,000	10,049,000		13,270,000
deferred income tax																																											302,000	322,000			884,000	884,000			243,000	239,000	246,000		255,000	644,000	649,000		338,000	338,000	338,000		866,000	2,334,000	3,164,000
accumulated other comprehensive income																																														-16,359,000	-5,249,000	5,812,000	2,196,000	3,038,000	-1,657,000	-8,113,000	-7,235,000	-1,631,000	-1,704,000	-5,463,000	-1,434,000	-5,624,000	-725,000	7,385,000	5,820,000	1,533,000	2,452,000	-6,211,000	411,000	5,147,000	3,696,000	948,000	-7,635,000	-4,005,000	11,334,000	23,063,000	21,896,000	21,104,000	18,903,000	16,256,000	15,373,000	7,515,000	6,926,000	8,226,000	8,281,000	11,898,000	13,394,000	9,976,000	9,014,000	9,921,000	7,828,000	3,845,000	668,000	39,000
current maturities of long-term debt																																																								810,000	3,272,000		915,000	1,452,000	1,620,000		2,512,000	3,250,000	5,434,000		5,423,000	3,913,000	5,380,000		3,377,000	5,475,000	4,632,000	3,368,000	3,276,000	4,260,000	3,339,000	4,526,000	2,997,000	2,070,000	2,522,000	4,261,000	2,961,000	2,203,000	3,088,000	3,659,000	1,615,000	2,126,000	44,545,000	2,583,000
long-term debt																																																								41,384,000	53,512,000		30,777,000	56,421,000	47,021,000		23,122,000	44,496,000	56,845,000		62,928,000	91,257,000	110,027,000	99,884,000	91,500,000	105,355,000	114,017,000	78,527,000	101,750,000	108,954,000	78,526,000	85,327,000	30,912,000	39,178,000	59,393,000	54,948,000	18,428,000	15,580,000	33,702,000	40,524,000	14,379,000	32,616,000	716,000	27,833,000	23,856,000
income tax receivables																																																															1,195,000
assets held for sale																																																																			426,000	426,000	432,000	291,000	291,000	291,000	291,000	291,000	291,000	291,000	341,000	901,000	721,000	431,000	431,000	448,000	448,000	448,000	448,000	1,048,000	1,048,000	1,290,000	1,390,000	1,430,000
accrued pension liability																																																																										1,040,000
intangible assets																																																																											4,133,000
deferred pension liability																																																																											3,804,000
liabilities and stockholders' equity
stockholders' equity:
total stockholders' equity																																																																												183,063,000	181,734,000	165,539,000	163,476,000	165,202,000	161,458,000	161,412,000	160,832,000	154,921,000	150,258,000	146,906,000	144,067,000	137,121,000	131,252,000	130,478,000
total liabilities and stockholders' equity																																																																												374,809,000	326,634,000	341,337,000	246,216,000	260,416,000	278,462,000	275,782,000	231,730,000	226,379,000	244,768,000	243,406,000	194,224,000	209,221,000	210,975,000	191,222,000
defined pension liability																																																																													4,270,000
cash and cash equivalents ..................................................................																																																																																											6,419,000
accounts receivable .............................................................................																																																																																											55,454,000
inventories ..............................................................................................																																																																																											64,983,000
deferred income taxes ...........................................................................																																																																																											3,971,000
prepaid expenses ...................................................................................																																																																																											1,209,000
total current assets ...........................................................................																																																																																											132,036,000
property, plant and equipment ..............................................................																																																																																											70,761,000
less: accumulated depreciation ....................................................																																																																																											-41,998,000
goodwill ....................................................................................................																																																																																											18,765,000
assets held for sale..................................................................................																																																																																											1,595,000
other assets ..............................................................................................																																																																																											3,642,000
total assets ......................................................................................																																																																																											184,801,000
trade accounts payable .......................................................................																																																																																											13,988,000
income taxes payable ............................................................................																																																																																											1,007,000
accrued liabilities ..................................................................................																																																																																											11,272,000
current maturities of long-term debt ...................................................																																																																																											2,551,000
total current liabilities ......................................................................																																																																																											28,818,000
deferred income taxes .............................................................................																																																																																											2,071,000
additional paid-in capital ...........................................................................																																																																																											51,345,000
retained earnings ........................................................................................																																																																																											79,649,000
accumulated other comprehensive income ............................................																																																																																											-1,488,000
total stockholders' equity ...............................................................																																																																																											130,056,000
total liabilities and stockholders' equity .......................................																																																																																											184,801,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-06-30	2006-03-31	2005-09-30	2005-06-30	2005-03-31	2004-09-30	2004-06-30	2004-03-31	2003-06-30	2003-03-31

operating activities
net income	29,184,000	15,512,000	25,383,000	31,106,000	31,800,000	28,081,000	27,405,000	28,324,000	32,120,000	31,523,000	34,915,000	36,374,000	33,349,000	29,165,000	25,821,000	28,472,000	18,470,000	19,227,000	17,519,000	26,037,000	17,462,000	8,080,000	20,033,000	12,989,000	15,528,000	9,568,000	17,418,000	20,667,000	15,253,000	16,589,000	23,543,000	18,771,000	14,583,000	3,240,000	16,592,000	12,316,000	12,167,000	7,588,000	13,236,000	10,562,000	8,659,000	11,384,000	14,756,000	9,710,000	7,359,000	11,351,000	13,367,000	9,195,000	7,238,000	6,024,000	11,333,000	11,787,000	6,950,000	4,199,000	8,575,000	9,344,000	6,785,000	7,433,000	10,056,000	8,914,000	5,667,000	8,150,000	4,870,000	3,993,000	4,583,000	2,992,000	1,543,000	4,453,000	5,565,000	2,832,000	4,216,000	4,035,000	833,000	5,339,000	1,942,000	4,384,000	4,210,000	2,573,000	4,198,000	4,832,000	2,304,000	3,268,000	665,000
adjustment to reconcile net income to net cash from operating activities:
provision for doubtful accounts	-376,000	175,000	-35,000	-46,000	35,000	484,000	726,000	429,000	79,000	-114,000	123,000	-69,000	313,000	105,000	4,000	-24,000	339,000	373,000	18,000	228,000	-113,000	319,000	125,000	219,000	197,000	295,000	123,000	181,000	-24,000	203,000	26,000	-64,000	-94,000	189,000	85,000	-80,000	-7,000	358,000	-48,000	103,000	69,000	337,000	128,000	374,000	126,000	165,000	198,000	133,000	-27,000	104,000	-20,000	33,000	-86,000	44,000	221,000	-23,000	11,000					201,000	414,000	177,000	199,000								195,000								127,000	34,000	164,000
depreciation - property, plant and equipment	6,722,000	6,940,000	6,746,000	6,837,000	6,561,000		6,748,000	6,699,000	6,580,000		5,934,000	5,749,000	5,521,000		5,659,000	5,412,000	5,236,000		5,252,000	5,299,000	5,247,000		4,830,000	4,783,000	4,624,000		3,715,000	3,530,000	3,338,000		3,146,000	3,107,000	3,135,000
depreciation - rental equipment	3,029,000	3,021,000	2,900,000	2,935,000	2,884,000		2,443,000	2,459,000	2,355,000		2,211,000	2,154,000	2,105,000		1,900,000	1,875,000	1,890,000		2,144,000	2,211,000	2,207,000		2,346,000	2,642,000	2,516,000		2,447,000	2,235,000	2,088,000		1,807,000	1,578,000	1,405,000
amortization of intangibles	4,879,000	4,210,000	4,210,000	4,078,000	4,049,000	4,052,000	4,061,000	4,055,000	4,059,000	4,054,000	3,826,000	3,824,000	3,815,000	3,796,000	3,802,000	3,792,000	3,887,000	3,649,000	3,667,000	3,663,000	3,658,000	3,653,000	3,644,000	3,613,000	3,836,000	2,577,000	1,112,000	1,114,000	855,000	875,000	874,000	875,000	881,000	872,000	891,000	777,000	777,000	776,000	779,000	777,000	772,000	774,000	776,000	782,000	781,000	1,329,000	621,000																	86,000
amortization of debt issuance	176,000	176,000	176,000	175,000	176,000	176,000	176,000	175,000	176,000	176,000	176,000	175,000	176,000	167,000	166,000	167,000	167,000	167,000	166,000	167,000	167,000	134,000	166,000																							53,000	53,000	45,000	32,000	31,000	32,000	31,000	32,000	31,000	32,000	31,000	32,000	31,000	32,000	31,000	94,000	93,000	94,000	94,000
stock-based compensation expense	1,847,000	1,575,000	3,693,000	2,367,000	2,303,000	1,956,000	2,427,000	2,633,000	2,125,000	2,051,000	1,805,000	1,869,000	1,699,000	932,000	1,508,000	1,750,000	1,371,000	591,000	2,840,000	1,316,000	1,240,000	1,004,000	1,079,000	1,103,000	933,000	928,000	766,000	948,000	627,000	640,000	622,000	730,000	458,000	615,000	480,000	446,000	328,000	339,000	351,000	439,000	285,000	295,000	296,000	290,000	176,000		141,000	1,359,000	301,000		501,000	453,000	192,000		174,000	404,000	196,000		204,000	424,000	140,000	133,000	152,000	189,000	176,000	142,000	111,000	121,000	147,000	175,000	176,000	170,000	131,000
provision for deferred income tax expense	1,640,000																							767,000	-4,095,000	5,865,000	-4,855,000	441,000	1,865,000					1,402,000	-54,000	21,000	-41,000	-2,491,000	4,849,000						-1,166,000	2,700,000	-1,476,000	-1,201,000	-131,000	106,000	-1,039,000	-37,000	93,000	-97,000	-456,000	79,000	69,000
gain on sale of property, plant and equipment	-654,000	-2,075,000				150,000				-4,417,000	-146,000	-342,000	-1,716,000	-5,000	-87,000	-47,000	-22,000	383,000	-2,000	-3,545,000	-615,000	-57,000	-154,000	-138,000	-745,000	-180,000	-448,000	-104,000	-180,000	-63,000	-149,000	-132,000	-17,000	-29,000	-74,000	-171,000	-67,000	22,000	-128,000	-74,000	-165,000	-3,933,000	-30,000	-69,000	-14,000		-41,000
changes in operating assets and liabilities:
accounts receivable	-53,368,000	59,433,000	18,452,000	-6,402,000	-30,865,000	42,165,000	35,504,000	2,497,000	-33,154,000	25,592,000	-3,625,000	-12,435,000	-44,825,000	-10,171,000	-860,000	-15,793,000	-58,231,000	10,535,000	5,129,000	-8,996,000	-34,239,000	10,452,000	14,204,000	19,714,000	-16,306,000	22,710,000	21,114,000	2,559,000	-34,936,000	-2,113,000	10,344,000	-7,262,000	-27,998,000	-2,804,000	3,189,000	1,529,000	-25,048,000	1,324,000	22,701,000	-3,766,000	-16,383,000	-3,936,000	16,431,000	398,000	-22,550,000	545,000	19,715,000	-671,000	-32,185,000	10,342,000	20,161,000	-9,641,000	-31,377,000	13,826,000	17,231,000	-1,193,000	-25,094,000	6,947,000	18,312,000	-14,786,000	-25,625,000	11,220,000	-2,830,000	-26,050,000	21,075,000	12,335,000	-10,541,000	15,037,000	-1,698,000	-28,058,000	23,649,000	2,400,000	-25,680,000	5,624,000	-27,327,000	20,616,000	-3,002,000	-24,949,000	19,543,000	-688,000	-24,958,000	3,405,000	-20,227,000
inventories	-23,101,000	-3,753,000	-7,789,000	-6,980,000	-9,613,000	21,043,000	16,611,000	-1,975,000	-9,185,000	8,376,000	-5,947,000	-4,570,000	-8,703,000	16,383,000	-16,937,000	-3,046,000	-34,139,000	-24,055,000	-19,787,000	-13,069,000	-21,552,000	17,002,000	7,610,000	26,958,000	-11,675,000	9,070,000	2,610,000	6,075,000	-17,098,000	5,530,000	-9,405,000	-9,825,000	-12,291,000	4,217,000	361,000	260,000	-4,696,000	16,605,000	5,254,000	-5,182,000	-4,337,000	22,694,000	-1,222,000	-3,182,000	-8,531,000	17,430,000	-5,547,000	-8,023,000	-14,853,000	12,594,000	2,560,000	-3,255,000	-11,123,000	11,211,000	4,506,000	3,623,000	-12,408,000	8,773,000	3,091,000	-4,127,000	-16,410,000	7,787,000	7,519,000	4,200,000	13,455,000	9,049,000	-485,000	-3,578,000	1,786,000	-2,446,000	3,804,000	-1,128,000	-8,951,000	-3,162,000	-10,792,000	3,354,000	-4,097,000	-8,176,000	23,000	-2,946,000	-2,902,000	1,553,000	-2,503,000
rental equipment	-2,262,000	-2,506,000	-4,972,000	-5,115,000	-7,148,000	-8,571,000	-3,061,000	-5,992,000	-6,206,000	-2,754,000	-4,287,000	-2,387,000	-4,502,000	-2,780,000	-3,915,000	-1,274,000	-1,227,000	1,678,000	232,000	-1,137,000	365,000	353,000	1,463,000	820,000	1,906,000	-1,759,000	-7,108,000	-4,409,000	-7,453,000	-5,666,000	-5,211,000	-5,884,000	-5,663,000	1,273,000	-1,052,000	-4,791,000	1,516,000	116,000	46,000	-1,763,000	1,916,000	2,728,000	69,000	-11,348,000	-3,148,000
prepaid expenses and other assets	-1,818,000	623,000	4,277,000	9,019,000	-7,096,000		1,765,000	1,626,000	-4,974,000		1,950,000	-795,000	380,000		2,190,000	997,000	-3,989,000		-1,655,000	699,000	-712,000		2,931,000	3,973,000	-1,139,000		-1,984,000	-1,921,000	-1,472,000		-435,000	313,000	-1,765,000		1,816,000	654,000	358,000		-321,000	-654,000	-1,241,000		-904,000	542,000	-1,895,000		-194,000	5,258,000	-2,312,000		-956,000	-136,000	-313,000		-829,000	1,090,000	-1,486,000		154,000	-483,000	-1,287,000	51,000	1,019,000	-1,273,000	235,000	271,000	-370,000	-1,565,000	-331,000	690,000	25,000	-653,000	586,000	4,200,000	1,440,000	-111,000	1,105,000	-951,000	1,975,000	-2,416,000	4,296,000	789,000	-529,000
trade accounts payable and accrued liabilities	7,328,000	-6,913,000	18,662,000	4,507,000	13,987,000	-14,869,000	-770,000	-214,000	180,000	-16,971,000	4,349,000	12,871,000	4,564,000	-8,575,000	3,433,000	-5,716,000	7,979,000	-3,799,000	9,048,000	11,262,000	16,021,000	-1,361,000	21,491,000	-26,746,000	2,833,000	-3,084,000	3,926,000	3,992,000	1,563,000	-11,667,000	9,838,000	7,442,000	-1,483,000	877,000	-810,000	6,845,000	4,776,000	-3,487,000	-7,631,000	5,081,000	655,000	-14,026,000	2,701,000	-294,000	9,911,000	-23,105,000	8,015,000	-3,475,000	19,767,000	-13,341,000	4,779,000	-1,652,000	14,634,000	-6,680,000	-1,169,000	-1,914,000	10,723,000	-5,731,000	-7,986,000	19,000	9,520,000	-2,968,000	4,097,000	11,406,000	-7,604,000	-4,597,000	-3,031,000	1,640,000	6,599,000	8,829,000	-9,417,000	1,676,000	13,867,000	-7,228,000	17,929,000	-1,755,000	2,674,000	4,435,000	-4,437,000	4,333,000	8,213,000	3,016,000	2,566,000
income taxes payable	5,080,000	-2,515,000	-15,421,000	-14,928,000	5,489,000	-2,172,000	3,163,000	-5,151,000	5,160,000	-660,000	2,779,000	-4,197,000	8,783,000	2,024,000	1,938,000	-646,000	-382,000	-5,618,000	13,680,000	-6,043,000	2,629,000	-1,831,000	-760,000	3,363,000	5,829,000	-6,599,000	2,215,000	-3,402,000	2,925,000	-1,445,000	919,000	-9,420,000	-386,000	3,022,000	3,561,000	-8,549,000	4,323,000	3,432,000	-331,000	-146,000	-47,000	-1,289,000	1,342,000	233,000	3,414,000	-6,712,000	2,763,000	42,000	832,000	-2,370,000	-483,000	-729,000	-983,000	489,000	2,236,000	-1,272,000	885,000	-1,308,000	3,207,000	-1,568,000	69,000	243,000	-657,000	-1,913,000	1,328,000	963,000	-80,000	75,000	1,674,000	-576,000	872,000	1,350,000	201,000	-315,000	-39,000	584,000	-836,000	708,000	-45,000	1,145,000	366,000	-1,059,000	1,278,000
other long-term liabilities	-1,818,000	-686,000	-1,342,000																																-101,000	373,000	-68,000		142,000	71,000	-154,000		-79,000	-165,000	-229,000		-920,000	172,000	-268,000		-433,000	-147,000	-318,000		-415,000	-458,000	142,000		-660,000	-325,000	1,457,000			-365,000			-105,000			495,000			139,000		19,000
net cash (used) provided by operating activities	-23,512,000
investing activities
acquisitions, net of cash acquired	-166,507,000	-701,000	-11,000											0	0											-342,253,000	-6,032,000	-2,022,000	-50,477,000					-30,000	-12,083,000			0	0	0	-188,000	0	0	0	-3,465,000	-104,000	-751,000			19,000												-2,000	5,000	-431,000				129,000			0	0	-3,464,000	-8,875,000	-36,328,000	91,000	80,000	-5,913,000	8,000	51,000	-3,127,000
purchase of property, plant and equipment	-4,507,000	-5,227,000	-12,429,000	-6,963,000	-6,008,000	-6,005,000	-7,927,000	-4,408,000	-6,653,000	-10,694,000	-8,813,000	-9,239,000	-8,999,000	-7,642,000	-8,534,000	-10,607,000	-4,358,000	-10,679,000	-5,227,000	-5,880,000	-3,477,000	-2,912,000	-2,417,000	-5,167,000	-7,378,000	-11,849,000	-7,065,000	-7,139,000	-5,284,000	-7,806,000	-7,952,000	-3,184,000	-7,645,000	-3,804,000	-3,418,000	-4,011,000	-2,257,000	-2,510,000	-1,010,000	-4,430,000	-1,761,000	-8,449,000	-1,929,000	-3,215,000	-1,886,000	-3,117,000	-2,370,000	-2,101,000	-2,218,000	-3,729,000	-2,715,000	-4,079,000	-3,116,000	-1,114,000	-1,072,000	-784,000	-1,684,000	-1,664,000	-1,657,000	-1,615,000	-1,433,000	-1,396,000	-1,305,000	-878,000	-809,000	-775,000	-1,077,000	-1,458,000	-1,889,000	-1,705,000	-1,855,000	-2,781,000	-2,097,000	-4,150,000	-2,796,000	-926,000	-5,099,000	-1,055,000	-1,138,000	-1,195,000	-1,258,000	-798,000	-749,000
proceeds from sale of property, plant and equipment	1,242,000	3,416,000	252,000	696,000	116,000	139,000	2,110,000	47,000	749,000	9,588,000	163,000	398,000	2,533,000	1,039,000	346,000	148,000	33,000	380,000	-25,000	8,631,000	681,000	270,000	270,000	778,000	2,385,000	290,000	1,326,000	189,000	472,000	304,000	409,000	531,000	97,000	212,000	138,000	343,000	74,000	394,000	399,000	146,000	354,000	4,049,000	98,000	78,000	21,000	378,000	60,000	956,000	48,000	46,000	56,000	96,000	277,000	41,000	320,000	154,000	49,000	245,000	81,000	70,000	44,000	1,722,000	63,000	76,000	30,000	35,000	30,000	39,000	109,000	61,000	47,000	308,000	-86,000	80,000	90,000	50,000	124,000	16,000	42,000	85,000	25,000	650,000	90,000
net cash from investing activities	-169,772,000	-4,275,000	-12,188,000	-23,838,000	-5,892,000	-6,099,000	-5,817,000	-4,361,000	-5,904,000	-28,666,000	-8,650,000	-8,841,000	-6,466,000	-6,766,000	-8,188,000	-12,459,000	-4,325,000	-28,097,000	-5,296,000	2,751,000	-2,796,000	-2,642,000	-2,147,000	-4,389,000	-4,993,000	-353,908,000	-11,771,000	-8,972,000	-55,289,000	-7,614,000	-7,543,000	-2,653,000	-7,548,000	-3,622,000	-15,363,000	-30,108,000	-2,183,000	-2,116,000	-661,000	-4,284,000	-1,595,000	-4,400,000	-1,831,000	-3,137,000	-5,330,000	-2,843,000	-3,061,000	-196,757,000	-2,170,000	-3,664,000	-3,680,000	-3,983,000	-2,839,000	-1,073,000	-752,000	-630,000	-1,635,000	-7,352,000	-1,576,000
financing activities
borrowings on bank revolving credit facility	120,000,000	0	0			8,000,000	11,000,000	42,000,000	134,000,000	49,000,000	17,000,000	26,000,000	91,000,000	32,000,000	28,000,000	34,000,000	128,000,000	60,000,000	25,000,000	17,000,000	86,000,000	17,000,000	9,000,000	15,000,000	74,000,000	76,000,000	19,000,000	19,000,000	103,000,000	33,000,000	22,000,000	14,000,000	90,000,000	17,000,000	17,000,000	43,000,000	66,000,000	8,000,000	22,000,000	5,000,000	44,000,000	17,000,000	10,000,000	19,000,000	33,000,000	25,000,000	48,000,000
repayments on bank revolving credit facility	-31,600,000		0				-76,750,000	-66,250,000	-44,000,000		-37,000,000	-46,000,000	-18,000,000		-32,000,000	-32,000,000	-21,000,000		-42,000,000	-52,000,000	-14,000,000		-70,000,000	-59,000,000	-24,000,000		-35,000,000	-33,000,000	-8,000,000		-40,000,000	-42,000,000	-3,000,000		-37,000,000	-24,000,000	-9,000,000		-52,000,000	-14,000,000	-15,000,000		-38,000,000	-24,000,000	-15,000,000		-46,000,000
principal payments on long-term debt and finance leases	-3,750,000	-3,750,000	-3,753,000	-3,752,000	-3,752,000		-3,753,000	-3,751,000	-3,813,000		-3,752,000	-3,751,000	-3,753,000		-3,756,000	-3,758,000	-3,763,000		-3,771,000	-3,771,000	-3,766,000		-3,774,000	-7,529,000	-3,791,000
dividends paid	-4,093,000	-3,610,000	-3,609,000	-3,601,000	-3,595,000	-3,113,000	-3,115,000	-3,111,000	-3,103,000	-2,624,000	-2,624,000	-2,622,000	-2,615,000	-2,138,000	-2,139,000	-2,139,000	-2,133,000	-1,658,000	-1,658,000	-1,657,000	-1,654,000	-1,534,000	-1,531,000	-1,531,000	-1,528,000	-1,409,000	-1,409,000	-1,404,000	-1,404,000	-1,286,000	-1,285,000	-1,277,000	-1,276,000	-1,159,000	-1,158,000	-1,151,000	-1,146,000	-1,032,000	-1,031,000	-1,026,000	-1,025,000	-909,000	-911,000	-905,000	-903,000	-788,000	-848,000	-846,000	-846,000	-845,000	-844,000	-842,000	-840,000	-715,000	-714,000	-713,000	-712,000	-713,000	-712,000	-710,000	-710,000	-707,000	-705,000	-705,000	-602,000	-599,000	-595,000	-590,000	-588,000	-588,000	-587,000	-586,000	-586,000	-585,000	-585,000	-585,000	-584,000	-585,000	-584,000	-583,000	-584,000	-583,000	-583,000
proceeds from exercise of stock options	1,014,000	148,000	275,000	873,000	354,000	323,000	167,000	694,000	728,000	169,000	213,000	327,000	877,000	164,000	92,000	73,000	474,000	191,000	1,311,000	-602,000	776,000	187,000	666,000	237,000	369,000	108,000	388,000	1,840,000	237,000
common stock repurchased	-1,398,000	0	-1,383,000	-26,000	-1,613,000	-28,000	-125,000	-201,000	-1,618,000	0	-45,000	-253,000	-736,000	-56,000	0	-322,000	-390,000	0				0	0
net cash from (used) in financing activities	80,173,000
effect of exchange rate changes on cash and cash equivalents	-1,314,000		-1,872,000	9,183,000	3,297,000		3,570,000	-1,479,000	-3,129,000		-3,516,000	1,903,000	791,000		-4,805,000	-3,374,000	284,000		-2,061,000	647,000	-889,000		2,034,000	2,363,000	-3,517,000		-1,188,000	499,000	324,000		499,000	-2,167,000	181,000		1,431,000	1,620,000	575,000		-503,000	-1,995,000	1,088,000		-1,201,000	1,354,000	-2,290,000
net change in cash and cash equivalents	-114,425,000	64,853,000	42,983,000	1,549,000	3,000,000	57,236,000	21,503,000	-3,267,000	69,883,000	-61,615,000	1,473,000	2,741,000	62,304,000	-28,292,000	-586,000	-8,383,000	42,162,000	-47,074,000	3,559,000	-19,635,000	55,070,000	-43,320,000	11,513,000	-2,423,000	42,114,000	-17,968,000	12,089,000	9,167,000	4,980,000	-14,837,000	5,278,000	-32,248,000	50,477,000	-43,695,000	-5,569,000	3,975,000	53,869,000	-39,692,000	11,513,000	-4,682,000	22,732,000	-15,735,000	8,135,000	-2,139,000	-2,872,000	889,000	1,285,000	-4,894,000	-21,707,000	10,357,000	35,762,000	-15,650,000	-14,800,000	9,978,000	4,793,000	-4,338,000	27,570,000	-14,991,000	-866,000	-2,238,000	-1,860,000	4,230,000	-875,000	3,253,000	7,400,000	1,839,000	-297,000	2,113,000	-19,319,000	18,194,000	11,928,000	-1,480,000	8,165,000	2,977,000	1,668,000	6,471,000	-552,000	5,957,000	2,360,000	-2,579,000	4,073,000	992,000	-3,745,000
cash and cash equivalents at beginning of the year	309,659,000	0	0	0	197,274,000	0	0	0	51,919,000	0	0	0	47,016,000	0	0	0	42,115,000	0	0	0	50,195,000	0	0	0	42,311,000	0	0	0	34,043,000
cash and cash equivalents at end of the period	195,234,000		42,983,000	1,549,000	200,274,000		21,503,000	-3,267,000	121,802,000		1,473,000	2,741,000	109,320,000		-586,000	-8,383,000	84,277,000		3,559,000	-19,635,000	105,265,000		11,513,000	-2,423,000	84,425,000		12,089,000	9,167,000	39,023,000		5,278,000	-32,248,000	75,850,000		-5,569,000	3,975,000	70,662,000		11,513,000	-4,682,000	49,654,000		8,135,000	-2,139,000	36,661,000		1,285,000	-4,894,000	42,253,000		35,762,000	-15,650,000	33,491,000		4,793,000	-4,338,000	37,858,000		-866,000	-2,238,000	28,383,000	4,230,000	-875,000	21,027,000	7,400,000	1,839,000	4,235,000	2,113,000	-19,319,000	22,653,000	11,928,000	-1,480,000	10,334,000	2,977,000	8,741,000	6,471,000	-552,000	8,537,000	2,360,000	-2,579,000	7,354,000	992,000	1,838,000
cash paid during the period for:
interest	4,743,000	3,993,000	3,881,000	3,622,000	3,239,000	3,438,000	5,205,000	6,314,000	5,830,000	6,629,000	6,589,000	7,075,000	5,065,000	4,833,000	3,744,000	3,379,000	2,619,000	2,409,000	2,632,000	2,650,000	2,557,000	2,900,000	3,604,000	5,032,000	5,513,000	4,128,000	2,042,000	2,224,000	1,061,000	1,310,000	1,363,000	1,403,000	1,123,000	144,000	1,942,000	1,646,000	1,485,000	1,363,000	1,515,000	1,499,000	1,419,000	1,861,000	1,918,000	1,603,000	1,554,000	1,461,000	1,359,000	244,000	256,000	230,000	488,000	214,000	186,000	335,000	497,000	492,000	513,000	567,000	561,000	421,000	746,000	865,000	1,056,000	1,121,000	1,121,000	1,373,000	1,165,000	1,934,000	1,827,000	1,971,000	2,259,000	2,651,000	1,970,000	1,927,000	1,126,000	917,000	873,000	442,000	419,000	802,000	194,000	746,000	485,000
income taxes	3,525,000	6,993,000	13,865,000	25,833,000	6,241,000	11,422,000	7,152,000	16,546,000	5,306,000	7,618,000	9,821,000	16,849,000	3,042,000	7,940,000	9,547,000	14,041,000	3,574,000	12,714,000	4,504,000	12,889,000	2,758,000	3,831,000	9,172,000	1,447,000	2,690,000	4,668,000	8,396,000	7,221,000	2,814,000	3,727,000	6,931,000	14,571,000	5,066,000	2,476,000	4,255,000	14,078,000	2,366,000	2,459,000	2,453,000	5,990,000	5,735,000	4,018,000	6,553,000	5,241,000	2,897,000	8,001,000	5,041,000	5,660,000	3,541,000	6,030,000	8,007,000	3,695,000	3,848,000	2,350,000	2,688,000	6,069,000	2,426,000	4,191,000	1,157,000	6,023,000	3,876,000	665,000	4,035,000	2,178,000	-52,000	137,000	1,821,000	639,000	-22,000	2,249,000	399,000	-276,000	1,075,000	1,614,000	821,000	1,600,000	2,379,000	1,600,000	2,175,000	1,589,000	1,217,000	1,134,000	819,000
adjustments to reconcile net income to cash from operating activities:
changes in operating assets and liabilities, net of acquisitions:
long term tax payable
net cash from operating activities		75,119,000	65,513,000	22,710,000	14,201,000	79,136,000	96,326,000	33,192,000	1,124,000	54,123,000	39,847,000	35,978,000	1,206,000	35,709,000	22,210,000	11,596,000	-54,985,000	6,280,000	33,991,000	17,997,000	-8,601,000	48,358,000	77,265,000	53,136,000	5,574,000	44,603,000	43,311,000	33,260,000	-32,361,000	9,323,000	31,301,000	432,000	-28,146,000	28,922,000	29,460,000	13,865,000	-1,443,000	27,518,000	43,177,000	9,944,000	-5,085,000	21,342,000	39,977,000	4,149,000	-12,908,000	5,800,000	39,535,000	4,263,000	-19,388,000	14,673,000	38,519,000	-1,272,000	-20,293,000	23,728,000	33,131,000	12,105,000	-17,701,000	15,730,000	28,666,000
capital expenditures		-5,227,000	-12,429,000	-6,963,000	-6,008,000	-6,005,000	-7,927,000	-4,408,000	-6,653,000	-10,694,000	-8,813,000	-9,239,000	-8,999,000	-7,642,000	-8,534,000	-10,607,000	-4,358,000	-10,679,000	-5,227,000	-5,880,000	-3,477,000	-2,912,000	-2,417,000	-5,167,000	-7,378,000	-11,849,000	-7,065,000	-7,139,000	-5,284,000	-7,806,000	-7,952,000	-3,184,000	-7,645,000	-3,804,000	-3,418,000	-4,011,000	-2,257,000	-2,510,000	-1,010,000	-4,430,000	-1,761,000	-8,449,000	-1,929,000	-3,215,000	-1,886,000	-3,117,000	-2,370,000	-2,101,000	-2,218,000	-3,729,000	-2,715,000	-4,079,000	-3,116,000	-1,114,000	-1,072,000	-784,000	-1,684,000	-1,664,000	-1,657,000
free cash flows		69,892,000	53,084,000	15,747,000	8,193,000	73,131,000	88,399,000	28,784,000	-5,529,000	43,429,000	31,034,000	26,739,000	-7,793,000	28,067,000	13,676,000	989,000	-59,343,000	-4,399,000	28,764,000	12,117,000	-12,078,000	45,446,000	74,848,000	47,969,000	-1,804,000	32,754,000	36,246,000	26,121,000	-37,645,000	1,517,000	23,349,000	-2,752,000	-35,791,000	25,118,000	26,042,000	9,854,000	-3,700,000	25,008,000	42,167,000	5,514,000	-6,846,000	12,893,000	38,048,000	934,000	-14,794,000	2,683,000	37,165,000	2,162,000	-21,606,000	10,944,000	35,804,000	-5,351,000	-23,409,000	22,614,000	32,059,000	11,321,000	-19,385,000	14,066,000	27,009,000
purchase of patents																		0																				0
repayment on bank revolving credit facility
contingent consideration payment after acquisition
net cash from financing activities		-7,212,000	-8,470,000	-6,506,000	-8,606,000	-6,570,000	-72,576,000	-30,619,000	77,792,000	-91,147,000	-26,208,000	-26,299,000	66,773,000		-9,803,000	-4,146,000	101,188,000				67,356,000	-90,120,000	-65,639,000	-53,533,000	45,050,000		-18,263,000	-15,620,000	92,306,000		-18,979,000	-27,860,000	85,990,000	-66,821,000	-21,097,000	18,598,000	56,920,000	-66,594,000	-30,500,000	-8,347,000	28,324,000	-32,537,000	-28,810,000	-4,505,000	17,656,000	-916,000	-33,262,000	186,746,000	164,000	-1,204,000	-428,000	-10,524,000	9,672,000	-12,661,000	-28,572,000	-15,002,000	46,293,000	-23,551,000	-26,742,000	8,717,000	22,505,000			11,986,000			11,530,000	-14,860,000	-10,746,000	35,906,000					55,389,000			37,598,000
effect of exchange rate changes on cash																																																854,000	-313,000	552,000	1,351,000	129,000	-1,340,000	-16,000	986,000	-811,000	613,000	182,000	-1,214,000	106,000	989,000	1,364,000	-756,000	-895,000	424,000	233,000	-71,000	-840,000	387,000	41,000	487,000	152,000	94,000	842,000	-30,000	-197,000	-195,000	-29,000	-70,000	-15,000	-405,000	352,000	-123,000
cash and cash equivalents at end of the year
cash paid during the year for:
provision for deferred income tax			10,860,000	-538,000	-1,641,000		-2,385,000	-169,000	148,000		-4,076,000	-331,000	436,000		-4,378,000	-2,448,000	2,797,000		-7,205,000	1,002,000	-502,000
long-term tax payable							218,000				170,000				1,337,000				0	0	454,000		0	0	-654,000		332,000	0	258,000
contingent consideration payment from acquisition							0	0	-4,402,000
loss on sale of property, plant and equipment								-25,000	151,000																																								-22,000
other assets and long-term liabilities					3,280,000		2,210,000	-36,000	1,510,000		-310,000	-595,000	-189,000		629,000	97,000	869,000		2,945,000	-1,097,000	-318,000		-523,000	-1,091,000	1,819,000		1,872,000	1,299,000	-25,000		102,000	111,000	104,000
depreciation - pp&e																																		2,985,000	3,071,000
depreciation - rental																																		1,278,000	1,449,000
provision for deferred income tax benefit																																									292,000		866,000																				-1,224,000	188,000									-16,000								11,000	8,000	2,000
prepaid expenses and other
other assets and liabilities
principal payments on long-term debt and capital leases																														298,000	-16,000			0				-1,000	-27,000	-4,000	-6,000	-421,000	-9,000	-293,000	274,000	-248,000	-316,000	-42,000	-76,000	-176,000	-77,000	-73,000	-73,000	-1,386,000	-125,000	-114,000	-492,000	-768,000	-398,000	-512,000	-892,000			-908,000			-809,000			931,000			540,000		1,357,000	-638,000	-1,834,000	1,096,000	-1,162,000	-1,259,000	405,000	-2,107,000	1,255,000
net cash provided (used) in financing activities
proceeds from issuance of long-term debt																																																																542,000			2,048,000			1,540,000
debt issuance cost																																														0	0
treasury stock repurchased
net cash provided (used) by financing activities																			-23,075,000																																																									-21,223,000
proceeds from issuance of long-term debt and finance leases																											-36,000
amortization of debt issuance costs																									167,000		56,000	55,000	55,000		56,000	55,000	55,000		56,000	55,000	55,000		53,000	53,000	53,000		53,000	53,000	53,000
net cash provided (used in) in financing activities
principal payments on finance leases																											-21,000	-39,000	-37,000
purchase of common stock for treasury
cost of common stock repurchased																											0	900,000	-1,490,000
treasury stock
net cash provided in financing activities
deferred income tax expense																															193,000	37,000	930,000
long-term tax liability
proceeds from sale of common stock																															321,000	1,920,000	266,000		78,000	1,375,000	606,000		256,000	681,000	317,000		69,000	1,664,000	275,000		93,000	84,000	250,000	38,000	383,000	300,000	565,000	1,641,000	239,000	212,000	39,000	23,000	25,000	144,000	89,000	391,000	300,000	26,000	320,000	419,000	378,000	850,000			273,000	126,000	67,000	140,000	117,000	0	38,000	87,000	87,000	10,000	12,000	1,000	9,000
redemptions of common stock to satisfy withholding taxes related to stock-based compensation																															1,000				0
cash and cash equivalents at beginning of the period																															0	0	25,373,000		0	0	16,793,000		0	0	26,922,000		0	0	39,533,000		0	0	63,960,000		0	0	48,291,000		0	0	10,288,000		0	0	30,243,000	0	0	17,774,000	0	0	4,532,000	0	0	4,459,000	0	0	2,169,000	0	7,073,000	0	0	2,580,000	0	0	3,281,000	0	5,583,000
proceeds from issuance of debt																																					460,000		231,000								2,000	16,000	762,000								2,421,000
changes in operating assets and liabilities, net of effect of acquisitions:
changes in operating assets and liabilities, net of amounts acquired:
depreciation																																					4,184,000	4,245,000	4,296,000	4,576,000	4,579,000	4,792,000	4,835,000	6,546,000	2,815,000	2,881,000	2,851,000	2,599,000	2,314,000	2,313,000	2,245,000	2,186,000	2,154,000	2,250,000	2,672,000	2,508,000	2,518,000	2,433,000	2,698,000	2,666,000	2,621,000	2,645,000	2,635,000	2,664,000	1,997,000	2,025,000	2,028,000	2,392,000	2,329,000	2,269,000	2,206,000	2,214,000	2,224,000	2,289,000	1,957,000	1,468,000	1,669,000	1,570,000	1,552,000	1,530,000	1,498,000	1,413,000	1,400,000
excess tax expense from stock-based payment arrangements
excess tax benefits from stock-based payment arrangements																																							-71,000	-103,000	-38,000		-41,000	-29,000	-10,000		-11,000	-352,000	-74,000		-110,000	-91,000	-20,000	201,000	-28,000	-34,000	-37,000	93,000	-37,000	-101,000	-18,000	-1,000	-14,000	-31,000	-28,000	-23,000	8,000	-3,000	-19,000	-23,000	-23,000	-22,000	-17,000
stock repurchased																																							0
goodwill impairment charge
stock-based compensation
net change in bank revolving credit facility																																																					10,000,000	-12,000,000	-28,000,000	-12,000,000	45,000,000	-22,000,000	-25,500,000	9,500,000	24,000,000	-21,000,000	-12,000,000	13,000,000	-28,000,000	-18,500,000	10,500,000	-13,000,000	-10,000,000	34,000,000	-10,500,000	-7,000,000	30,000,000	12,500,000	54,500,000	-20,000,000	5,000,000	37,000,000	-18,000,000	-6,000,000	20,000,000	-8,500,000	13,500,000
gain on bargain purchase
gain on sale of equipment																																																																												-27,000			-26,000
adjustment to reconcile net income to net cash used by operating activities:
loss on sale of property, plant & equipment																																																			-51,000	-74,000	-128,000		381,000	-80,000	-37,000		-65,000	-31,000	-34,000			30,000						-39,000
benefit from doubtful accounts																																																											-57,000	349,000	393,000						35,000	236,000	57,000	25,000	258,000			-64,000	154,000	177,000	207,000	138,000	302,000
benefit from deferred income tax (benefit) expense																																																											-283,000	-498,000	-552,000
net cash used by operating activities																																																													-23,965,000			-6,605,000			-10,709,000		15,004,000	-16,109,000			-16,492,000		-14,657,000			-24,660,000			-10,995,000		-17,144,000
net cash used by investing activities																																																													-1,389,000	324,000	-1,237,000	-1,233,000			-1,047,000	-1,290,000	-23,964,000	-1,644,000			-5,475,000		-39,034,000			-6,952,000			-4,360,000	-148,000	-659,000
adjustment to reconcile net income to net cash provided by operating activities:
provision (benefit) for deferred income tax benefit
net cash provided by operating activities																																																														25,296,000
net cash provided by financing activities																																																																									30,038,000								19,833,000	-11,189,000	14,181,000
adjustment to reconcile net income to net cash provided (used) by operating activities:
amortization of intangible
other long term liabilities
principal payments / proceeds on long-term debt and capital leases
proceeds from issuance of long term debt
net cash used by financing activities
amortization																																																																	20,000	19,000	20,000	26,000	26,000	26,000	26,000	26,000	28,000	31,000	32,000	49,000	54,000	67,000	72,000	72,000	73,000	71,000	48,000
adjustment to reconcile net income to net cash provided (used) by operating activities:
net cash provided (used) by operating activities
net cash provided (used) by investing activities
adjustment to reconcile net income to net cash used by operating activities:
benefit from deferred income tax benefit																																																																			177,000		509,000	-308,000				-3,198,000	75,000	-63,000	16,000	-75,000	20,000
benefit for deferred income tax benefit
adjustment to reconcile net income to net cash provided (used) by operating activities:
adjustment to reconcile net income to net cash provided by operating activities:
proceeds from long-term investment
adjustment to reconcile net income to net cash used by operating activities:
gain (loss) on sale of property, plant & equipment																																																																									-32,000
gain on sale of property, plant & equipment																																																																											-47,000						-23,000
net cash (used) by investing activities
purchase of long-term investment
sale of long-term investment
net income ......................................................................................................
provision for doubtful accounts .......................................................
depreciation .........................................................................................
amortization .........................................................................................
provision for deferred income tax benefit..........................................
loss on sale of equipment .......................................................
accounts receivable ...........................................................................
inventories ................................................... ........................................
prepaid expenses and other assets ...................................................
trade accounts payable and accrued liabilities ..............................
income taxes payable .........................................................................
purchase of property, plant and equipment .............................................
proceeds from sale of property, plant and equipment ............................
purchase of long-term investment ............................................................
net cash (used) by investing activities ...................................................
net change in bank revolving credit facility ............................................
principal payments on long-term debt and capital leases ......................
dividends paid ..............................................................................................
proceeds from sale of common stock ........................................................
cost of common stock repurchased..........................................................
net cash provided (used) by financing activities....................................
effect of exchange rate changes on cash ..................................................
net change in cash and cash equivalents .................................................
cash and cash equivalents at beginning of the period ...........................
cash and cash equivalents at end of the period .......................................
interest ...................................................................................................
income taxes ...........................................................................................

Alamo Group Inc(NYSE:ALG)

Alamo Group Inc
(NYSE:ALG)