XML 15 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 9,002 $ 11,750
Accounts receivable, net of allowances 353,749 322,892
Inventories, net 338,767 309,060
Contract assets 36,613 0
Costs in excess of billings on uncompleted contracts 0 28,738
Income taxes receivable 2,288 3,748
Prepaid expenses and other current assets 55,055 57,949
Total current assets 795,474 734,137
Property and equipment, net of accumulated depreciation 295,897 295,820
Customer relationship intangible assets, net of accumulated amortization 169,783 166,306
Other intangible assets, net of accumulated amortization 1,222 1,306
Goodwill 263,999 261,792
Other long-term assets 17,133 13,989
Total assets 1,543,508 1,473,350
Current liabilities    
Accounts payable 216,558 174,583
Accrued expenses and other liabilities 83,052 96,262
Contract liabilities 29,089 0
Billings in excess of costs on uncompleted contracts 0 18,428
Interest payable 9,597 4,769
Current portion: Long-term debt and capital lease obligations 7,373 7,739
Current portion: Insurance reserves 13,786 13,496
Total current liabilities 359,455 315,277
Insurance reserves 38,251 38,470
Long-term debt 356,971 349,059
Long-term portion of capital lease obligations 13,146 14,838
Deferred income taxes 5,578 1,768
Other long-term liabilities 6,532 7,039
Total liabilities 779,933 726,451
Commitments and contingencies (Note 8)
Stockholders' equity    
Preferred stock, $0.01 par value, 50.0 million shares authorized, no shares issued and outstanding at March 31, 2018 and December 31, 2017 0 0
Common stock, $0.01 par value, 300.0 million shares authorized, 67.5 million and 67.3 million shares issued, and 67.2 million and 67.1 million outstanding at March 31, 2018 and December 31, 2017, respectively 675 673
Additional paid-in capital 661,818 659,440
Retained earnings 105,966 90,607
Treasury stock, at cost, 0.3 million and 0.2 million shares at March 31, 2018 and December 31, 2017, respectively (4,884) (3,821)
Total stockholders' equity 763,575 746,899
Total liabilities and stockholders' equity $ 1,543,508 $ 1,473,350