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Supplemental Financial Statement Information (Tables) | 6 Months Ended
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Jun. 30, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Inventory | Inventories, net, consisting of purchased products and manufactured electronic equipment offered for resale, were as follows:
(in thousands) | June 30, 2023 |  | December 31, 2022
Inventories, gross | $ | 339,879 |  |  | $ | 275,072 |
Reserve for obsolete and excess inventory | (13,643) |  |  | (10,698) |
Inventories, net | $ | 326,236 |  |  | $ | 264,374 |
Property, Plant and Equipment | Components of property, plant and equipment were as follows:
(in thousands) | June 30, 2023 |  | December 31, 2022
Land | $ | 16,791 |  |  | $ | 9,578 |
Buildings and improvements | 49,982 |  |  | 27,199 |
Machinery and equipment | 47,394 |  |  | 26,948 |
Capitalized software | 10,055 |  |  | 7,889 |
Furniture and fixtures | 8,406 |  |  | 6,346 |
Vehicles | 2,015 |  |  | 1,713 |
Construction in progress(1) | 3,644 |  |  | 3,140 |
Total | 138,287 |  |  | 82,813 |
Accumulated depreciation and amortization | (24,958) |  |  | (18,418) |
Property, plant and equipment, net | $ | 113,329 |  |  | $ | 64,395 |
(1)Construction in progress primarily related to upgrades to certain of the Company's distribution facilities that we expect to place in service in the next 12 months. Rental Equipment, net Rental equipment, net consisted of the following:
(in thousands) | June 30, 2023 |  | December 31, 2022
Rental equipment | $ | 64,707 |  |  | $ | 63,184 |
Accumulated depreciation | (37,601) |  |  | (36,045) |
Rental equipment, net | $ | 27,106 |  |  | $ | 27,139 |
Schedule of Accrued Expenses and Other Current Liabilities | Accrued expenses and other current liabilities consisted of the following:
(in thousand) | June 30, 2023 |  | December 31, 2022
Accrued compensation | $ | 22,753 |  |  | $ | 24,094 |
Deferred acquisition payments and accrued earnout liabilities | 18,679 |  |  | 1,383 |
Accrued and withheld taxes, other than income taxes | 8,779 |  |  | 4,885 |
Accrued customer rebates | 5,592 |  |  | 5,053 |
Accrued stock-based compensation | 5,484 |  |  | 3,340 |
Accrued interest | 3,591 |  |  | 1,775 |
Accrued severance and acquisition related retention bonus | 3,170 |  |  | 927 |
Accrued health benefits | 1,793 |  |  | 1,306 |
Deferred revenue | 1,170 |  |  | 2,313 |
Accrued income taxes | 125 |  |  | 731 |
Other | 21,863 |  |  | 16,870 |
Total accrued expenses and other current liabilities | $ | 92,999 |  |  | $ | 62,677 |
Other Liabilities | Other liabilities consisted of the following:
(in thousand) | June 30, 2023 |  | December 31, 2022
Security bonus plan | $ | 9,628 |  |  | $ | 9,651 |
Deferred compensation | 10,425 |  |  | 9,962 |
Other | 4,350 |  |  | 4,036 |
Total other liabilities | $ | 24,403 |  |  | $ | 23,649 |

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