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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 69,940 $ 333,485
Investments 94,865 0
Accounts receivable (less allowance for credit losses of $9,264 and $8,717 at June 30, 2022 and December 31, 2021, respectively) 384,696 312,767
Inventories 192,387 143,039
Prepaid expenses and other current assets 74,830 70,025
Total current assets 816,718 859,316
Non-current assets    
Property and equipment, net 114,699 105,933
Operating lease right-of-use assets 73,280 69,871
Goodwill 354,971 322,517
Customer relationships, net 285,818 264,421
Other non-current assets 56,601 31,144
Total assets 1,702,087 1,653,202
Current liabilities    
Current maturities of long-term debt 30,642 30,839
Current maturities of operating lease obligations 24,696 23,224
Current maturities of finance lease obligations 2,049 1,747
Accounts payable 155,287 132,705
Accrued compensation 65,692 50,964
Other current liabilities 84,524 68,090
Total current liabilities 362,890 307,569
Long-term debt 828,632 832,193
Operating lease obligations 48,298 46,075
Finance lease obligations 4,462 3,297
Deferred income taxes 14,834 4,819
Other long-term liabilities 42,370 42,409
Total liabilities 1,301,486 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 June 30, 2022 and December 31, 2021, respectively 0 0
Common stock; $0.01 par value: 100,000,000 authorized, 33,428,587 and 33,271,659 issued and 28,745,614 and 29,706,401 shares outstanding at June 30, 2022 and December 31, 2021, respectively 334 333
Additional paid in capital 222,270 211,430
Retained earnings 401,326 352,543
Treasury stock; at cost: 4,682,973 and 3,565,258 shares at June 30, 2022 and December 31, 2021, respectively (251,363) (147,239)
Accumulated other comprehensive income (loss) 28,034 (227)
Total stockholders’ equity 400,601 416,840
Total liabilities and stockholders’ equity 1,702,087 1,653,202
Customer relationships    
Non-current assets    
Customer relationships, net 191,375 178,264
Intangible Assets Excluding Customer Relationships    
Non-current assets    
Customer relationships, net $ 94,443 $ 86,157