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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 49,936 $ 173,120
Restricted cash 90 91
Accounts receivable, net of allowance of $5,511 and $5,584, respectively 326,583 311,171
Inventories 107,483 103,805
Costs and estimated profits in excess of billings 36,741 42,323
Prepaid expenses and other current assets 23,262 18,044
Total current assets 544,095 648,554
Property and equipment, net 68,407 61,618
Goodwill 426,821 343,991
Other intangible assets, net 85,895 63,895
Operating lease right of use assets, net 50,520 48,729
Other long-term assets 13,408 10,649
Total assets 1,189,146 1,177,436
Current liabilities:    
Current maturities of debt 5,500 5,500
Trade accounts payable 101,185 96,469
Accrued wages and benefits 32,987 36,238
Customer advances 13,286 12,160
Billings in excess of costs and estimated profits 12,080 9,506
Short-term operating lease liabilities 15,218 15,438
Other current liabilities 47,447 48,854
Total current liabilities 227,703 224,165
Long-term debt, net of unamortized debt issuance costs and discounts 519,735 520,697
Long-term operating lease liabilities 36,617 34,336
Other long-term liabilities 20,410 17,359
Total long-term liabilities 576,762 572,392
Total liabilities 804,465 796,557
Commitments and Contingencies (Note 10)
Shareholders' equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 15,788,714 and 16,177,237 outstanding, respectively 345 345
Additional paid-in capital 216,803 216,482
Retained earnings 347,251 319,271
Accumulated other comprehensive loss (31,761) (31,240)
Treasury stock, at cost 4,607,773 and 4,141,989 shares, respectively (147,973) (123,995)
Total DXP Enterprises, Inc. equity 384,681 380,879
Total liabilities and equity 1,189,146 1,177,436
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized    
Shareholders' equity:    
Preferred stock 1 1
Series B preferred stock, $1.00 par value; 1,000,000 shares authorized    
Shareholders' equity:    
Preferred stock $ 15 $ 15