XML 18 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 40,304 $ 22,047
Restricted cash 215 3,532
Accounts receivable, net of allowances for doubtful accounts of $10,126 and $9,015 191,829 167,272
Inventories 114,830 91,413
Costs and estimated profits in excess of billings 32,514 26,915
Prepaid expenses and other current assets 4,938 5,296
Federal income taxes receivable 960 1,440
Total current assets 385,590 317,915
Property and equipment, net 51,330 53,337
Goodwill 194,052 187,591
Other intangible assets, net 67,207 78,525
Other long-term assets 1,783 1,715
Total assets 699,962 639,083
Current liabilities:    
Current maturities of long-term debt 3,407 3,381
Trade accounts payable 87,407 80,303
Accrued wages and benefits 21,275 18,483
Customer advances 3,223 2,189
Billings in excess of costs and estimated profits 10,696 4,249
Other current liabilities 17,269 16,220
Total current liabilities 143,277 124,825
Long-term debt, net of current maturities and unamortized debt issuance costs 236,979 238,643
Other long-term liabilities 2,819 0
Deferred income taxes 8,633 7,069
Total long-term liabilities 248,431 245,712
Total liabilities 391,708 370,537
Commitments and Contingencies (Note 16)
Shareholders' Equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 17,401,297 and 17,315,573 outstanding 174 174
Additional paid-in capital 156,190 153,087
Retained earnings 169,735 134,193
Accumulated other comprehensive loss (19,267) (19,491)
Total DXP Enterprises, Inc. equity 306,848 267,979
Noncontrolling interest 1,406 567
Total equity 308,254 268,546
Total liabilities and equity 699,962 639,083
Series A preferred Stock    
Shareholders' Equity:    
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized. Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized 1 1
Total equity 1 1
Series B Convertible Preferred Stock    
Shareholders' Equity:    
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized. Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized $ 15 $ 15