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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 15,533 $ 46,026
Restricted cash 91 91
Accounts receivable, net of allowance of $8,495 and $7,610, respectively 318,651 320,880
Inventories 104,950 101,392
Costs and estimated profits in excess of billings 46,770 23,588
Prepaid expenses and other current assets 15,274 21,644
Income taxes receivable 7,698 2,493
Total current assets 508,967 516,114
Property and equipment, net 47,538 45,964
Goodwill 342,273 333,759
Other intangible assets, net 72,466 79,585
Operating lease right of use assets, net 54,051 57,402
Other long-term assets 9,138 4,456
Total assets 1,034,433 1,037,280
Current liabilities:    
Current maturities of debt 4,369 4,369
Trade accounts payable 93,978 100,784
Accrued wages and benefits 28,563 26,260
Customer advances 15,555 20,128
Billings in excess of costs and estimated profits 5,333 10,411
Short-term operating lease liabilities 17,324 18,083
Other current liabilities 42,843 32,866
Total current liabilities 207,965 212,901
Long-term debt, net of unamortized debt issuance costs 408,430 409,205
Long-term operating lease liabilities 37,650 40,189
Other long-term liabilities 8,718 4,701
Deferred income taxes liability 2,205 4,892
Total long-term liabilities 457,003 458,987
Total liabilities 664,968 671,888
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; 16,788,711 and 17,690,069 outstanding, respectively 345 345
Additional paid-in capital 214,852 213,937
Retained earnings 287,138 250,549
Accumulated other comprehensive loss (30,918) (31,675)
Treasury stock, at cost 3,523,707 and 2,435,352 shares, respectively (101,968) (67,780)
Total DXP Enterprises, Inc. equity 369,465 365,392
Total liabilities and equity $ 1,034,433 $ 1,037,280