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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 27,176 $ 46,026
Restricted cash 91 91
Accounts receivable, net of allowance of $4,088 and $7,610, respectively 320,972 320,880
Inventories 105,145 101,392
Costs and estimated profits in excess of billings 47,211 23,588
Prepaid expenses and other current assets 15,799 21,644
Income taxes receivable 393 2,493
Total current assets 516,787 516,114
Property and equipment, net 56,277 45,964
Goodwill 342,122 333,759
Other intangible assets, net 67,913 79,585
Operating lease right of use assets, net 48,462 57,402
Other long-term assets 13,543 4,456
Total assets 1,045,104 1,037,280
Current liabilities:    
Current maturities of debt 4,369 4,369
Trade accounts payable 101,439 100,784
Accrued wages and benefits 35,540 26,260
Customer advances 12,595 20,128
Billings in excess of costs and estimated profits 7,181 10,411
Short-term operating lease liabilities 15,459 18,083
Other current liabilities 45,275 32,866
Total current liabilities 221,858 212,901
Long-term debt, net of unamortized debt issuance costs 408,105 409,205
Long-term operating lease liabilities 34,028 40,189
Other long-term liabilities 15,469 4,701
Deferred income taxes liability 2,068 4,892
Total long-term liabilities 459,670 458,987
Total liabilities 681,528 671,888
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; 16,176,787 and 17,690,069 outstanding, respectively 345 345
Additional paid-in capital 215,684 213,937
Retained earnings 303,288 250,549
Accumulated other comprehensive loss (31,762) (31,675)
Treasury stock, at cost 4,141,989 and 2,435,352 shares, respectively (123,995) (67,780)
Total DXP Enterprises, Inc. equity 363,576 365,392
Total liabilities and equity $ 1,045,104 $ 1,037,280