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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 362,236 $ 447,858
Receivables, net of allowance for credit loss of $34,183 and $32,838 2,018,190 1,974,381
Contract assets, net of allowance for credit loss 154,416 132,874
Prepaid expenses and other 69,084 85,005
Total current assets 2,603,926 2,640,118
Property and equipment, net 188,252 208,423
Goodwill 1,465,755 1,291,760
Other intangible assets, net 126,589 90,931
Right-of-use lease assets 339,495 310,860
Deferred tax assets 14,492 13,485
Other assets 87,180 85,483
Total assets 4,825,689 4,641,060
Current liabilities:    
Accounts payable 1,246,675 984,604
Outstanding checks 41,461 78,231
Accrued expenses:    
Compensation 125,381 112,784
Transportation expense 121,478 101,194
Income taxes 14,825 12,354
Other accrued liabilities 58,965 62,706
Current lease liabilities 64,595 61,280
Current portion of debt 0 142,885
Total current liabilities 1,673,380 1,556,038
Long-term debt 1,092,873 1,092,448
Noncurrent lease liabilities 280,448 259,444
Noncurrent income taxes payable 22,481 22,354
Deferred tax liabilities 51,921 39,776
Other long-term liabilities 258 270
Total liabilities 3,121,361 2,970,330
Stockholders’ investment:    
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.10 par value, 480,000 shares authorized; 179,700 and 179,380 shares issued, 134,724 and 134,895 outstanding 13,472 13,490
Additional paid-in capital 543,608 546,646
Retained earnings 4,227,257 4,144,834
Accumulated other comprehensive loss (84,091) (76,149)
Treasury stock at cost (44,976 and 44,485 shares) (2,995,918) (2,958,091)
Total stockholders’ investment 1,704,328 1,670,730
Total liabilities and stockholders’ investment $ 4,825,689 $ 4,641,060