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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 20,574 $ 48,989
Restricted cash 91 91
Accounts Receivable, net of allowance of $7,571 and $7,759 273,310 218,137
Inventories 119,694 100,894
Costs and estimated profits in excess of billings 25,655 17,193
Prepaid expenses and other current assets 13,645 9,522
Income taxes receivable 316 9,748
Total current assets 453,285 404,574
Property and equipment, net 49,974 51,880
Goodwill 335,899 296,541
Other intangible assets, net 83,131 79,205
Operating lease ROU assets 57,912 57,221
Other long-term assets 3,823 4,806
Total assets 984,024 894,227
Current liabilities:    
Current maturities of debt 32,424 3,300
Trade accounts payable 103,641 77,842
Accrued wages and benefits 28,749 23,006
Customer advances 17,465 12,924
Billings in excess of costs and estimated profits 2,076 3,581
Federal income taxes payable 1,423 0
Short-term operating lease liabilities 18,582 18,203
Other current liabilities 33,332 42,206
Total current liabilities 237,692 181,062
Long-term debt, net of unamortized debt issuance costs 314,663 315,397
Long-term operating lease liabilities 40,166 39,922
Other long-term liabilities 3,893 3,603
Deferred income taxes liability 12,024 7,516
Total long-term liabilities 370,746 366,438
Total liabilities 608,438 547,500
Commitments and contingencies (Note 11)
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; 18,840,101 and 18,580,364 outstanding 197 195
Additional paid-in capital 212,087 206,772
Retained earnings 229,514 202,484
Accumulated other comprehensive loss (31,204) (29,282)
Treasury stock, at cost 1,243,525 shares at June 30, 2022 (35,024) (33,511)
Total DXP Enterprises, Inc. equity 375,586 346,674
Noncontrolling interest 0 53
Total equity 375,586 346,727
Total liabilities and equity $ 984,024 $ 894,227