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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 191,435 $ 231,520
Accounts receivable (less allowance for credit losses of $8,784 and $8,789 at September 30, 2021 and December 31, 2020, respectively) 306,590 266,566
Inventories 118,093 77,179
Prepaid expenses and other current assets 56,803 48,678
Total current assets 672,921 623,943
Non-current assets    
Property and equipment, net 104,977 104,022
Operating lease right-of-use assets 61,028 53,766
Goodwill 257,106 216,870
Customer relationships, net 204,100 171,393
Other non-current assets 26,996 17,682
Total assets 1,327,128 1,187,676
Current liabilities    
Current maturities of long-term debt 24,557 23,355
Current maturities of operating lease obligations 21,278 18,758
Current maturities of finance lease obligations 1,780 2,073
Accounts payable 119,583 101,462
Accrued compensation 60,623 45,876
Other current liabilities 56,970 44,951
Total current liabilities 284,791 236,475
Long-term debt 542,517 541,957
Operating lease obligations 39,155 34,413
Finance lease obligations 3,038 2,430
Deferred income taxes 9,035 35
Other long-term liabilities 55,866 53,184
Total liabilities 934,402 868,494
Commitments and contingencies
Stockholders’ equity    
Preferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 0 0
Common stock; $0.01 par value: 100,000,000 authorized, 33,271,659 and 33,141,879 issued and 29,707,155 and 29,623,272 shares outstanding at September 30, 2021 and December 31, 2020, respectively 333 331
Additional paid in capital 208,535 199,847
Retained earnings 332,087 269,420
Treasury stock; at cost: 3,564,504 and 3,518,607 shares at September 30, 2021 and December 31, 2020, respectively (147,228) (141,653)
Accumulated other comprehensive loss (1,001) (8,763)
Total stockholders’ equity 392,726 319,182
Total liabilities and stockholders’ equity 1,327,128 1,187,676
Customer relationships    
Non-current assets    
Customer relationships, net 133,759 108,504
Intangible Assets Excluding Customer Relationships    
Non-current assets    
Customer relationships, net $ 70,341 $ 62,889