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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and equivalents $ 9,485 $ 84,251
Receivables, net 326,602 332,091
Inventories 210,573 206,603
Prepaid expenses and other current assets 9,596 11,125
Total current assets 556,256 634,070
Property and equipment, net 34,525 38,990
Capitalized software for internal use, net 30,506 36,520
Goodwill 609,592 832,624
Definite-lived intangible assets, net 240,810 392,011
Other noncurrent assets 4,670 6,208
Total assets 1,476,359 1,940,423
Current liabilities:    
Accounts payable 308,084 384,719
Rebates payable to PBM customers 23,264 28,744
Borrowings on line of credit 176,300 188,250
Current portion of long-term debt 11,500 11,500
Accrued expenses:    
Compensation and benefits 13,348 9,584
Contingent consideration 5,075 8,100
Other 21,014 20,560
Total current liabilities 558,585 651,457
Long-term debt, less current portion 438,369 521,098
Deferred income taxes 2,781 14,367
Contingent consideration 1,820 4,000
Derivative liability 4,292  
Deferred gain 5,175  
Other 253  
Total liabilities 1,011,275 1,190,922
Commitments and contingencies (Note 16)
Shareholders' equity:    
Preferred stock (10,000,000 shares authorized; none issued and outstanding)
Common stock (no par value; 590,000,000 shares authorized; 74,474,677 and 73,871,424 shares issued and outstanding at December 31, 2018 and 2017, respectively) 629,411 619,235
Additional paid-in capital 50,544 38,450
(Accumulated deficit) retained earnings (210,579) 91,816
Accumulated other comprehensive loss (4,292)  
Total shareholders' equity 465,084 749,501
Total liabilities and shareholders' equity $ 1,476,359 $ 1,940,423