XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 5,771 $ 9,485
Receivables, net 329,595 326,602
Inventories 179,083 210,573
Prepaid expenses and other current assets 27,007 9,596
Total current assets 541,456 556,256
Property and equipment 54,246 55,929
Accumulated depreciation (24,682) (21,404)
Property and equipment, net 29,564 34,525
Capitalized software for internal use, net 28,354 30,506
Operating lease right-of-use assets 26,329  
Goodwill 486,563 609,592
Definite-lived intangible assets, net 195,273 240,810
Assets held for sale 3,450  
Other noncurrent assets 4,121 4,670
Total assets 1,315,110 1,476,359
Current liabilities:    
Accounts payable 326,544 308,084
Rebates payable to PBM customers 20,964 23,264
Borrowings on revolving line of credit 125,000 176,300
Current portion of long-term debt 11,500 11,500
Current portion of operating lease liabilities 4,255  
Accrued expenses:    
Compensation and benefits 11,184 13,348
Contingent consideration 6,838 5,075
Other 39,012 21,014
Total current liabilities 545,297 558,585
Long-term debt, less current portion 434,005 438,369
Noncurrent operating lease liabilities 23,017  
Deferred income taxes 3,553 2,781
Contingent consideration   1,820
Derivative liability 9,777 4,292
Deferred gain   5,175
Other   253
Total liabilities 1,015,649 1,011,275
Shareholders' equity:    
Preferred stock (10,000,000 shares authorized; none issued and outstanding)
Common stock (no par value; 590,000,000 shares authorized; 74,993,966 and 74,474,677 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively) 636,331 629,411
Additional paid-in capital 51,597 50,544
Accumulated deficit (378,690) (210,579)
Accumulated other comprehensive loss (9,777) (4,292)
Total shareholders' equity 299,461 465,084
Total liabilities and shareholders' equity $ 1,315,110 $ 1,476,359