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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,111,973 $ 1,230,491
Accounts receivable, less allowance for credit loss of $3,578 at March 31, 2020 and $11,143 at December 31, 2019 1,268,798 1,315,091
Deferred contract costs 143,986 131,783
Other 94,060 92,558
Total current assets 2,618,817 2,769,923
Property and equipment, less accumulated depreciation and amortization of $481,490 at March 31, 2020 and $478,906 at December 31, 2019 484,588 499,344
Operating lease right-of-use assets 372,748 390,035
Goodwill 7,927 7,927
Deferred federal and state income taxes, net 9,680 8,034
Other assets, net 16,207 16,621
Total assets 3,509,967 3,691,884
Current Liabilities:    
Accounts payable 700,944 735,695
Accrued expenses, primarily salaries and related costs 201,756 189,446
Contract liabilities 170,866 154,183
Current portion of operating lease liabilities 63,748 65,367
Federal, state and foreign income taxes 21,864 23,627
Total current liabilities 1,159,178 1,168,318
Noncurrent portion of operating lease liabilities 313,644 326,347
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, none issued 0 0
Common stock, par value $0.01 per share. Issued and outstanding: 166,193 shares at March 31, 2020 and 169,622 shares at December 31, 2019 1,662 1,696
Additional paid-in capital 682 3,203
Retained earnings 2,202,208 2,321,316
Accumulated other comprehensive loss (169,746) (131,187)
Total shareholders’ equity 2,034,806 2,195,028
Noncontrolling interest 2,339 2,191
Total equity 2,037,145 2,197,219
Total liabilities and equity $ 3,509,967 $ 3,691,884