Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 77,273	$ 82,894
Accounts receivable, net	504,719	501,908
Inventories	893,640	837,129
Other current assets	14,752	19,875
Total current assets	1,490,384	1,441,806
Property and equipment, net	93,176	91,046
Operating lease right-of-use assets	183,326
Goodwill	393,504	391,998
Intangible assets, net	148,797	147,851
Other assets	89,756	88,332
Total assets	2,398,943	2,161,033
Current liabilities:
Current portion of long-term obligations	58,506	246
Short-term borrowings	2,340
Accounts payable	278,634	200,229
Accrued expenses and other current liabilities	130,293	157,091
Total current liabilities	469,773	357,566
Long-term obligations:
Borrowings under revolving credit agreement	137,500	135,200
Operating lease liabilities, net of current portion	124,485
Other long-term obligations, net of current portion	1,749	552
Total long-term obligations	263,734	135,752
Deferred income taxes and other liabilities	66,181	66,002
Commitments and contingencies
Watsco, Inc. shareholders' equity:
Preferred stock, $0.50 par value
Paid-in capital	841,575	832,121
Accumulated other comprehensive loss, net of tax	(43,185)	(45,968)
Retained earnings	603,041	627,969
Treasury stock, at cost	(87,440)	(87,440)
Total Watsco, Inc. shareholders' equity	1,335,212	1,347,849
Non-controlling interest	264,043	253,864
Total shareholders' equity	1,599,255	1,601,713
Total liabilities and shareholders' equity	2,398,943	2,161,033
Common Stock
Watsco, Inc. shareholders' equity:
Common stock, $0.50 par value	18,498	18,476
Class B Common Stock
Watsco, Inc. shareholders' equity:
Common stock, $0.50 par value	$ 2,723	$ 2,691

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