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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 282,815 $ 165,496
Accounts receivable, net of allowances of $9,984 and $8,318 at March 31, 2020 and December 31, 2019, respectively 351,672 325,741
Inventories 361,661 331,969
Contract assets 38,339 32,125
Income taxes receivable 10,416 7,504
Prepaid expenses and other current assets 70,499 66,818
Total current assets 1,115,402 929,653
Property and equipment, net of accumulated depreciation 360,047 345,466
Operating lease right-of-use assets 133,700 139,907
Customer relationship intangible assets, net of accumulated amortization 180,101 185,049
Other intangible assets, net of accumulated amortization 515 580
Goodwill 295,401 297,146
Other long-term assets 8,274 8,300
Total assets 2,093,440 1,906,101
Current liabilities    
Accounts payable 226,471 189,644
Accrued expenses and other liabilities 86,656 117,825
Contract liabilities 37,859 31,094
Interest payable 9,697 4,759
Current portion: Long-term debt and finance lease obligations 4,660 5,577
Current portion: Operating lease liabilities 26,272 26,147
Current portion: Insurance reserves 18,588 16,328
Total current liabilities 410,203 391,374
Insurance reserves 43,500 43,536
Long-term debt 490,241 346,032
Long-term portion of finance lease obligations 6,228 6,959
Long-term portion of operating lease liabilities 114,436 120,832
Deferred income taxes 25,492 15,195
Other long-term liabilities 280 661
Total liabilities 1,090,380 924,589
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, 2020 and December 31, 2019 0 0
Common stock, $0.01 par value, 300.0 million shares authorized, 68.7 million and 68.3 million shares issued, and 67.0 million and 66.8 million outstanding at March 31, 2020 and December 31, 2019, respectively 687 683
Additional paid-in capital 690,627 687,255
Retained earnings 342,219 320,190
Treasury stock, at cost, 1.7 million and 1.5 million shares at March 31, 2020 and December 31, 2019, respectively (30,473) (26,616)
Total stockholders’ equity 1,003,060 981,512
Total liabilities and stockholders’ equity $ 2,093,440 $ 1,906,101