XML 18 R3.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 117,353 $ 54,203
Restricted cash 91 124
Accounts receivable, net of allowances for doubtful accounts of $8,628 and $8,929 163,429 187,116
Inventories 97,071 129,364
Costs and estimated profits in excess of billings 18,459 32,455
Prepaid expenses and other current assets 4,548 4,223
Federal income taxes receivable 5,632 996
Total current assets 406,583 408,481
Property and equipment, net 56,899 63,703
Goodwill 248,339 194,052
Identified Intangibles, net 80,088 52,582
Operating lease right-of-use assets 55,188 66,191
Other long-term assets 4,764 3,211
Total assets 851,861 788,220
Current liabilities:    
Current maturities of long-term debt 3,300 2,500
Trade accounts payable 75,744 76,438
Accrued wages and benefits 20,621 23,412
Customer advances 3,688 3,408
Billings in excess of costs and estimated profits 4,061 11,871
Short-term operating lease liabilities 15,891 17,603
Other current liabilities 20,834 12,939
Total current liabilities 144,139 148,171
Long-term debt, net of current maturities and unamortized debt issuance costs 317,139 235,419
Long-term operating lease liabilities 38,010 48,605
Other long-term liabilities 2,930 1,205
Deferred income taxes 1,777 9,872
Total long-term liabilities 359,856 295,101
Total liabilities 503,995 443,272
Commitments and Contingencies (Note 18)
Shareholders' Equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 19,208,067 and 17,604,092 outstanding 189 174
Additional paid-in capital 192,068 157,886
Retained earnings 176,637 205,680
Accumulated other comprehensive loss (21,842) (19,954)
Total DXP Enterprises, Inc. equity 347,068 343,802
Noncontrolling interest 798 1,146
Total equity 347,866 344,948
Total liabilities and equity 851,861 788,220
Series A preferred stock    
Shareholders' Equity:    
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized. Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized 1 1
Total equity 1 1
Series B convertible preferred stock    
Shareholders' Equity:    
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized. Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized $ 15 $ 15