Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 67,612	$ 80,496
Accounts receivable, net	602,753	478,133
Inventories	810,869	761,314
Other current assets	20,611	17,454
Total current assets	1,501,845	1,337,397
Property and equipment, net	91,275	91,198
Goodwill	397,451	382,729
Intangible assets, net	153,446	161,065
Other assets	86,731	74,488
Total assets	2,230,748	2,046,877
Current liabilities:
Current portion of other long-term obligations	178	244
Borrowings under revolving credit agreement	116,400
Accounts payable	234,482	230,476
Accrued expenses and other current liabilities	157,761	185,757
Total current liabilities	508,821	416,477
Long-term obligations:
Borrowings under revolving credit agreement		21,800
Other long-term obligations, net of current portion	169	285
Total long-term obligations	169	22,085
Deferred income taxes and other liabilities	61,208	57,338
Commitments and contingencies
Watsco, Inc. shareholders' equity:
Preferred stock, $0.50 par value
Paid-in capital	829,050	804,008
Accumulated other comprehensive loss, net of tax	(38,157)	(34,221)
Retained earnings	642,643	594,556
Treasury stock, at cost	(87,440)	(87,440)
Total Watsco, Inc. shareholders' equity	1,367,244	1,297,953
Non-controlling interest	293,306	253,024
Total shareholders' equity	1,660,550	1,550,977
Total liabilities and shareholders' equity	2,230,748	2,046,877
Common Stock
Watsco, Inc. shareholders' equity:
Common stock, $0.50 par value	18,464	18,412
Class B Common Stock
Watsco, Inc. shareholders' equity:
Common stock, $0.50 par value	$ 2,684	$ 2,638

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130549-203045

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682