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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 127,320 $ 191,629
Restricted cash - current 2 2
Accounts receivable, net of allowances of $27,305 and $24,493, respectively 391,207 295,594
Inventories 390,163 471,551
Income taxes receivable 3,047 14,752
Other receivables 23,419 18,842
Prepaid expenses and other assets 44,024 33,605
Total current assets 979,182 1,025,975
Property and equipment, net 223,061 181,529
Intangible assets, net of accumulated amortization of $142,661 and $125,014, respectively 1,793,704 1,800,167
Goodwill 711,885 714,814
Deferred tax assets, net 527,678 528,278
Restricted cash 3,707 3,254
Right-of-use assets 313,608 239,905
Other assets 28,539 7,875
Total assets 4,581,364 4,501,797
Current liabilities:    
Accounts payable 209,890 230,821
Accrued expenses and other liabilities 248,160 239,424
Income taxes payable 108,716 89,211
Current borrowings 20,000 24,362
Current operating lease liabilities 61,111 57,456
Total current liabilities 647,877 641,274
Deferred tax liabilities, net 299,296 302,030
Long-term income taxes payable 226,006 224,837
Long-term borrowings 1,918,668 2,298,027
Long-term operating lease liabilities 286,910 215,119
Other liabilities 2,349 2,579
Total liabilities 3,381,106 3,683,866
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.001 per share, 250.0 million shares authorized, 110.0 million and 109.5 million issued, 60.8 million and 61.7 million outstanding, respectively 110 110
Treasury stock, at cost, 49.3 million and 47.7 million shares, respectively (1,863,567) (1,695,501)
Additional paid-in capital 821,120 797,614
Retained earnings 2,358,179 1,819,199
Accumulated other comprehensive loss (115,584) (103,491)
Total stockholders’ equity 1,200,258 817,931
Total liabilities and stockholders’ equity $ 4,581,364 $ 4,501,797