XML 27 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 173,259 $ 150,723
Accounts receivable, net of allowances 344,645 298,440
Inventories, net 324,458 309,279
Contract assets 36,759 32,348
Prepaid expenses and other current assets 66,407 56,249
Total current assets 945,528 847,039
Property and equipment, net of accumulated depreciation 338,361 294,327
Operating lease right-of-use assets 125,093 0
Customer relationship intangible assets, net of accumulated amortization 178,526 158,563
Other intangible assets, net of accumulated amortization 645 325
Goodwill 283,366 262,997
Other long-term assets 8,669 12,860
Total assets 1,880,188 1,576,111
Current liabilities    
Accounts payable 201,709 123,495
Accrued expenses and other liabilities 103,003 110,276
Contract liabilities 34,501 34,888
Income taxes payable 8,879 902
Interest payable 9,572 4,759
Current portion: Long-term debt and finance lease obligations 6,369  
Current portion: Long-term debt and finance lease obligations   6,661
Current portion: Operating lease liabilities 24,343 0
Current portion: Insurance reserves 19,358 15,198
Total current liabilities 407,734 296,179
Insurance reserves 43,506 41,270
Long-term debt 345,823 345,197
Long-term portion of finance lease obligations 9,832  
Long-term portion of finance lease obligations   8,845
Long-term portion of operating lease liabilities 107,498 0
Deferred income taxes 7,891 3,034
Other long-term liabilities 323 6,927
Total liabilities 922,607 701,452
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock, $0.01 par value, 50.0 million shares authorized, no shares issued and outstanding at September 30, 2019 and December 31, 2018 0 0
Common stock, $0.01 par value, 300.0 million shares authorized, 68.3 million and 67.7 million shares issued, and 66.8 million and 67.2 million outstanding at September 30, 2019 and December 31, 2018, respectively 683 677
Additional paid-in capital 683,460 672,095
Retained earnings 299,991 210,345
Treasury stock, at cost, 1.5 million and 0.5 million shares at September 30, 2019 and December 31, 2018, respectively (26,553) (8,458)
Total stockholders’ equity 957,581 874,659
Total liabilities and stockholders’ equity $ 1,880,188 $ 1,576,111