XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 203,402 $ 333,485
Investments 24,996 0
Accounts receivable (less allowance for credit losses of $9,083 and $8,717 at September 30, 2022 and December 31, 2021, respectively) 415,657 312,767
Inventories 182,176 143,039
Prepaid expenses and other current assets 71,790 70,025
Total current assets 898,021 859,316
Non-current assets    
Property and equipment, net 115,479 105,933
Operating lease right-of-use assets 72,226 69,871
Goodwill 356,612 322,517
Intangibles, net 275,838 264,421
Other non-current assets 45,675 31,144
Total assets 1,763,851 1,653,202
Current liabilities    
Current maturities of long-term debt 30,494 30,839
Current maturities of operating lease obligations 25,414 23,224
Current maturities of finance lease obligations 2,275 1,747
Accounts payable 156,117 132,705
Accrued compensation 61,453 50,964
Other current liabilities 82,809 68,090
Total current liabilities 358,562 307,569
Long-term debt 827,906 832,193
Operating lease obligations 46,640 46,075
Finance lease obligations 5,469 3,297
Deferred income taxes 19,901 4,819
Other long-term liabilities 47,859 42,409
Total liabilities 1,306,337 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 September 30, 2022 and December 31, 2021, respectively 0 0
Common stock; $0.01 par value: 100,000,000 authorized, 33,429,557 and 33,271,659 issued and 28,604,098 and 29,706,401 shares outstanding at September 30, 2022 and December 31, 2021, respectively 334 333
Additional paid in capital 225,377 211,430
Retained earnings 453,286 352,543
Treasury stock; at cost: 4,825,459 and 3,565,258 shares at September 30, 2022 and December 31, 2021, respectively (263,896) (147,239)
Accumulated Other Comprehensive Income (Loss), Net of Tax 42,413 (227)
Total stockholders’ equity 457,514 416,840
Total liabilities and stockholders’ equity 1,763,851 1,653,202
Customer relationships    
Non-current assets    
Intangibles, net 184,225 178,264
Other intangibles, net    
Non-current assets    
Intangibles, net $ 91,613 $ 86,157