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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 16,972 $ 48,989
Restricted cash 91 91
Accounts Receivable, net of allowance of $7,861 and $7,759 283,522 218,137
Inventories 131,290 100,894
Costs and estimated profits in excess of billings 30,122 17,193
Prepaid expenses and other current assets 11,652 9,522
Income taxes receivable 652 9,748
Total current assets 474,301 404,574
Property and equipment, net 46,657 51,880
Goodwill 332,988 296,541
Other intangible assets, net 84,516 79,205
Operating lease ROU assets 54,054 57,221
Other long-term assets 3,559 4,806
Total assets 996,075 894,227
Current liabilities:    
Current maturities of debt 43,906 3,300
Trade accounts payable 97,947 77,842
Accrued wages and benefits 27,455 23,006
Customer advances 25,496 12,924
Billings in excess of costs and estimated profits 4,265 3,581
Federal income taxes payable 587 0
Short-term operating lease liabilities 17,526 18,203
Other current liabilities 28,679 42,206
Total current liabilities 245,861 181,062
Long-term debt, net of unamortized debt issuance costs 313,739 315,397
Long-term operating lease liabilities 37,279 39,922
Other long-term liabilities 4,637 3,603
Deferred income taxes liability 8,947 7,516
Total long-term liabilities 364,602 366,438
Total liabilities 610,463 547,500
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; 18,727,789 and 18,580,364 outstanding 345 195
Additional paid-in capital 213,455 206,772
Retained earnings 243,420 202,484
Accumulated other comprehensive loss (32,360) (29,282)
Treasury stock, at cost 1,602,256 and 1,184,648 shares (38,379) (33,511)
Total DXP Enterprises, Inc. equity 386,497 346,674
Noncontrolling interest (885) 53
Total equity 385,612 346,727
Total liabilities and equity $ 996,075 $ 894,227