Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 289,944	$ 305,970
Accounts receivable, net of allowance for doubtful accounts of $1,413 and $1,698 at September 30, 2017 and December 31, 2016, respectively.	110,614	101,667
Inventories	99,078	72,542
Other current assets	46,844	27,048
Total current assets	546,480	507,227
Deferred Costs, Noncurrent	96,464	79,948
Property and equipment, net	164,579	135,996
Intangible assets, net	27,489	29,376
Goodwill	20,676	19,780
Deferred tax assets	39,029	38,975
Other non-current assets	11,354	9,223
Total assets	906,071	820,525
Current liabilities
Accounts payable	40,251	34,334
Accrued compensation	34,660	43,180
Accrued and other current liabilities	40,189	104,654
Deferred revenue	57,369	38,198
Total current liabilities	172,469	220,366
Deferred Credits and Other Liabilities	16,059	14,587
Deferred Revenue, Noncurrent	261	25,336
Total liabilities	188,789	260,289
Commitments and contingencies
Masimo Corporation stockholders’ equity:
Preferred stock, $0.001 par value; 5,000 shares authorized; 0 shares issued and outstanding at September 30, 2017 and December 31, 2016	0	0
Common stock, $0.001 par value; 100,000 shares authorized; 51,671 and 50,188 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	52	50
Treasury stock, 14,788 and 14,255 shares at September 30, 2017 and December 31, 2016, respectively	(449,537)	(404,276)
Additional paid-in capital	449,050	382,263
Accumulated other comprehensive loss	(2,757)	(7,027)
Retained earnings	720,474	589,226
Stockholders' Equity Attributable to Parent	717,282	560,236
Total liabilities and equity	$ 906,071	$ 820,525

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).

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- 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.