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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 217,434 $ 333,485
Investments 49,980 0
Accounts receivable (less allowance for credit losses of $8,590 and $8,717 at March 31, 2022 and December 31, 2021, respectively) 345,586 312,767
Inventories 160,023 143,039
Prepaid expenses and other current assets 69,205 70,025
Total current assets 842,228 859,316
Non-current assets    
Property and equipment, net 107,817 105,933
Operating lease right-of-use assets 69,033 69,871
Goodwill 325,347 322,517
Customer relationships, net 257,960 264,421
Other non-current assets 50,364 31,144
Total assets 1,652,749 1,653,202
Current liabilities    
Current maturities of long-term debt 30,668 30,839
Current maturities of operating lease obligations 23,505 23,224
Current maturities of finance lease obligations 1,801 1,747
Accounts payable 150,643 132,705
Accrued compensation 56,639 50,964
Other current liabilities 64,272 68,090
Total current liabilities 327,528 307,569
Long-term debt 829,638 832,193
Operating lease obligations 45,091 46,075
Finance lease obligations 3,254 3,297
Deferred income taxes 11,242 4,819
Other long-term liabilities 45,765 42,409
Total liabilities 1,262,518 1,236,362
Commitments and contingencies
Stockholders’ equity    
Preferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 0 0
Common stock; $0.01 par value: 100,000,000 authorized, 33,351,843 and 33,271,659 issued and 29,275,592 and 29,706,401 shares outstanding at March 31, 2022 and December 31, 2021, respectively 334 333
Additional paid in capital 218,642 211,430
Retained earnings 350,475 352,543
Treasury stock; at cost: 4,076,251 and 3,565,258 shares at March 31, 2022 and December 31, 2021, respectively (197,104) (147,239)
Accumulated other comprehensive income (loss) 17,884 (227)
Total stockholders’ equity 390,231 416,840
Total liabilities and stockholders’ equity 1,652,749 1,653,202
Customer relationships    
Non-current assets    
Customer relationships, net 173,868 178,264
Intangible Assets Excluding Customer Relationships    
Non-current assets    
Customer relationships, net $ 84,092 $ 86,157