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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 58,282 $ 46,026
Restricted cash 91 91
Accounts Receivable, net of allowance of $8,090 and $7,610 311,387 320,880
Inventories 109,403 101,392
Costs and estimated profits in excess of billings 41,967 23,588
Prepaid expenses and other current assets 17,238 21,644
Income taxes receivable 972 2,493
Total current assets 539,340 516,114
Property and equipment, net 47,754 45,964
Goodwill 333,816 333,759
Other intangible assets, net 74,830 79,585
Operating lease ROU assets 52,353 57,402
Other long-term assets 5,068 4,456
Total assets 1,053,161 1,037,280
Current liabilities:    
Current maturities of debt 4,369 4,369
Trade accounts payable 106,320 100,784
Accrued wages and benefits 26,617 26,260
Customer advances 14,507 20,128
Billings in excess of costs and estimated profits 10,183 10,411
Federal income taxes payable 6,266 0
Short-term operating lease liabilities 17,698 18,083
Other current liabilities 38,795 32,866
Total current liabilities 224,755 212,901
Long-term debt, net of unamortized debt issuance costs 408,755 409,205
Long-term operating lease liabilities 38,507 40,189
Other long-term liabilities 4,770 4,701
Deferred income taxes liability 2,090 4,892
Total long-term liabilities 454,122 458,987
Total liabilities 678,877 671,888
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; 17,548,600 and 17,690,069 outstanding 345 345
Additional paid-in capital 214,309 213,937
Retained earnings 268,106 250,549
Accumulated other comprehensive loss (31,577) (31,675)
Treasury stock, at cost 2,774,887 and 2,435,352 shares (76,915) (67,780)
Total DXP Enterprises, Inc. equity 374,284 365,392
Total liabilities and equity $ 1,053,161 $ 1,037,280