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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 159,286 $ 149,288
Restricted cash - current 2 2
Accounts receivable, net of allowances of $28,463 and $27,591, respectively 481,521 305,747
Inventories 391,953 385,054
Income taxes receivable 2,972 4,413
Other receivables 26,352 21,071
Prepaid expenses and other assets 44,313 45,129
Total current assets 1,106,399 910,704
Property and equipment, net of accumulated depreciation of $129,109 and $120,510, respectively 242,859 238,315
Intangible assets, net of accumulated amortization of $144,384 and $138,611, respectively 1,787,600 1,792,562
Goodwill 711,553 711,588
Deferred tax assets, net 647,748 667,972
Restricted cash 3,734 3,807
Right-of-use assets 280,182 287,440
Other assets 15,530 31,446
Total assets 4,795,605 4,643,834
Current liabilities:    
Accounts payable 236,289 260,978
Accrued expenses and other liabilities 247,268 285,771
Income taxes payable 82,247 65,952
Current borrowings 0 23,328
Current operating lease liabilities 62,757 62,267
Total current liabilities 628,561 698,296
Deferred tax liabilities, net 12,874 12,912
Long-term income taxes payable 558,913 565,171
Long-term borrowings 1,727,153 1,640,996
Long-term operating lease liabilities 267,785 269,769
Other liabilities 3,264 2,767
Total liabilities 3,198,550 3,189,911
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.001 per share, 250.0 million shares authorized, 110.3 million and 110.1 million issued, 60.7 million and 60.5 million outstanding, respectively 110 110
Treasury stock, at cost, 49.6 million and 49.6 million shares, respectively (1,894,782) (1,888,869)
Additional paid-in capital 834,433 826,685
Retained earnings 2,764,219 2,611,765
Accumulated other comprehensive loss (106,925) (95,768)
Total stockholders’ equity 1,597,055 1,453,923
Total liabilities and stockholders’ equity $ 4,795,605 $ 4,643,834