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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 26,279,000 $ 70,794,000
Marketable securities, at fair value 95,200,000 114,396,000
Accounts and notes receivable, less allowance for doubtful accounts of $70,192 and $59,271 as of December 31, 2022 and 2021, respectively 336,777,000 293,388,000
Inventories and supplies 21,164,000 26,015,000
Taxes receivable 6,629,000 8,813,000
Prepaid expenses and other assets 22,583,000 32,976,000
Total current assets 508,632,000 546,382,000
Property and equipment, net 22,975,000 28,102,000
Goodwill 75,529,000 74,755,000
Other intangible assets, less accumulated amortization of $32,738 and $27,879 as of December 31, 2022 and 2021, respectively 15,946,000 20,805,000
Notes receivable — long–term portion, less allowance for doubtful accounts of $3,273 and $6,312 as of December 31, 2022 and 2021, respectively 32,609,000 29,259,000
Deferred compensation funding, at fair value 33,493,000 46,691,000
Deferred tax asset 28,338,000 31,535,000
Other long-term assets 812,000 0
Total assets 718,334,000 777,529,000
Current liabilities:    
Accounts payable 68,296,000 64,419,000
Accrued payroll and related taxes 42,704,000 68,664,000
Other accrued expenses 17,835,000 26,741,000
Borrowings under line of credit 25,000,000 0
Deferred compensation liability — short-term 1,618,000 6,991,000
Accrued insurance claims 23,166,000 24,310,000
Total current liabilities 178,619,000 191,125,000
Accrued insurance claims — long-term 65,541,000 65,084,000
Deferred compensation liability — long-term 33,764,000 46,888,000
Lease liability — long-term 8,097,000 11,299,000
Other long-term liabilities 6,141,000 10,456,000
Commitments and contingencies (Note 16)
STOCKHOLDERS’ EQUITY:    
Common stock, $0.01 par value; 100,000 shares authorized; 76,161 and 76,009 shares issued, and 74,088 and 73,769 shares outstanding as of December 31, 2022 and 2021, respectively 762,000 760,000
Additional paid-in capital 302,304,000 294,124,000
Retained earnings 154,495,000 183,957,000
Accumulated other comprehensive (loss) income, net of taxes (3,477,000) 4,000,000
Common stock in treasury, at cost, 2,073 and 2,240 shares as of December 31, 2022 and 2021, respectively (27,912,000) (30,164,000)
Total stockholders’ equity [1] 426,172,000 452,677,000
Total liabilities and stockholders’ equity $ 718,334,000 $ 777,529,000
[1] See Note 8 — Allowance for Doubtful Accounts herein regarding the adopted credit-loss guidance.