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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 79,169 $ 119,328
Restricted cash 91 91
Accounts Receivable, net of allowance of $7,948 and $8,628 193,657 166,941
Inventories 103,447 97,071
Costs and estimated profits in excess of billings 16,718 18,459
Prepaid expenses and other current assets 6,914 4,548
Federal income taxes receivable 3,689 2,987
Total current assets 403,685 409,425
Property and equipment, net 52,456 56,899
Goodwill 300,643 261,767
Other intangible assets, net 83,175 80,088
Operating lease ROU assets 56,173 55,188
Other long-term assets 5,448 4,764
Total assets 901,580 868,131
Current liabilities:    
Current maturities of long-term debt 3,300 3,300
Trade accounts payable 80,208 64,849
Accrued wages and benefits 26,240 20,621
Customer advances 7,426 3,688
Billings in excess of costs and estimated profits 2,300 4,061
Short-term operating lease liabilities 17,512 15,891
Other current liabilities 50,438 34,729
Total current liabilities 187,424 147,139
Long-term debt, net of unamortized debt issuance costs 316,343 317,139
Long-term operating lease liabilities 37,907 38,010
Other long-term liabilities 2,930 2,930
Deferred income taxes 2,867 1,777
Total long-term liabilities 360,047 359,856
Total liabilities 547,471 506,995
Commitments and contingencies (Note 10)
Shareholders' equity:    
Series A and B preferred stock, $1.00 par value each; 1,000,000 shares authorized each 16 16
Common stock, $0.01 par value, 100,000,000 shares authorized; 18,558,674 and 19,208,067 outstanding 194 189
Additional paid-in capital 203,562 192,068
Retained earnings 194,523 186,078
Accumulated other comprehensive loss (15,409) (18,013)
Treasury stock, at cost 1,014,053 shares at June 30, 2021 (29,174) 0
Total DXP Enterprises, Inc. equity 353,712 360,338
Noncontrolling interest 397 798
Total equity 354,109 361,136
Total liabilities and equity $ 901,580 $ 868,131