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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 380,300 $ 386,500
Accounts receivable (less allowance for credit losses of $11.4 and $11.2 at June 30, 2024 and December 31, 2023, respectively) 439,600 423,300
Inventories 175,600 162,800
Prepaid expenses and other current assets 91,900 97,400
Total current assets 1,087,400 1,070,000
Non-current assets    
Property and equipment, net 154,800 137,200
Operating lease right-of-use assets 86,100 78,100
Goodwill 406,100 398,800
Intangibles, net 256,600 268,700
Other non-current assets 34,200 28,500
Total assets 2,025,200 1,981,300
Current liabilities    
Current maturities of long-term debt 31,800 32,200
Current maturities of operating lease obligations 30,600 28,300
Current maturities of finance lease obligations 2,800 2,700
Accounts payable 157,500 158,600
Accrued compensation 56,600 59,600
Other current liabilities 73,300 65,000
Total current liabilities 352,600 346,400
Long-term debt 844,000 835,100
Operating lease obligations 55,300 49,900
Finance lease obligations 6,700 6,600
Deferred income taxes 25,900 24,500
Other long-term liabilities 55,400 48,500
Total liabilities 1,339,900 1,311,000
Commitments and contingencies (Note 16)
Stockholders’ equity    
Preferred stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Common stock; $0.01 par value: 100,000,000 authorized, 33,706,380 and 33,587,701 issued and 28,234,462 and 28,367,338 shares outstanding at June 30, 2024 and December 31, 2023, respectively 300 300
Additional paid in capital 252,900 244,700
Retained earnings 749,600 693,800
Treasury stock; at cost: 5,471,918 and 5,220,363 shares at June 30, 2024 and December 31, 2023, respectively (355,900) (302,200)
Accumulated Other Comprehensive Income (Loss), Net of Tax 38,400 33,700
Total stockholders’ equity 685,300 670,300
Total liabilities and stockholders’ equity 2,025,200 1,981,300
Customer relationships    
Non-current assets    
Intangibles, net 170,700 179,600
Other intangibles, net    
Non-current assets    
Intangibles, net $ 85,900 $ 89,100