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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 35,000 $ 173,120
Restricted cash 91 91
Accounts receivable, net of allowance of $5,316 and $5,584, respectively 337,722 311,171
Inventories 109,787 103,805
Costs and estimated profits in excess of billings 49,707 42,323
Prepaid expenses and other current assets 22,274 18,044
Total current assets 554,581 648,554
Property and equipment, net 73,050 61,618
Goodwill 448,103 343,991
Other intangible assets, net 89,356 63,895
Operating lease right of use assets, net 48,498 48,729
Other long-term assets 17,857 10,649
Total assets 1,231,445 1,177,436
Current liabilities:    
Current maturities of debt 5,500 5,500
Trade accounts payable 106,802 96,469
Accrued wages and benefits 41,230 36,238
Customer advances 12,656 12,160
Billings in excess of costs and estimated profits 11,911 9,506
Short-term operating lease liabilities 14,928 15,438
Other current liabilities 56,336 48,854
Total current liabilities 249,363 224,165
Long-term debt, net of unamortized debt issuance costs and discounts 519,250 520,697
Long-term operating lease liabilities 34,922 34,336
Other long-term liabilities 25,542 17,359
Total long-term liabilities 579,714 572,392
Total liabilities 829,077 796,557
Commitments and Contingencies (Note 10)
Shareholders' equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 15,694,883 and 16,177,237 outstanding, respectively 345 345
Additional paid-in capital 218,062 216,482
Retained earnings 368,329 319,271
Accumulated other comprehensive loss (31,381) (31,240)
Treasury stock, at cost 4,707,773 and 4,141,989 shares, respectively (153,003) (123,995)
Total DXP Enterprises, Inc. equity 402,368 380,879
Total liabilities and equity 1,231,445 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