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CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 286,656 $ 106,666
Accounts receivable, net 239,650 140,455
Inventories 324,852 456,639
Income taxes receivable 7,321 9,919
Other current assets 66,667 75,671
Total current assets 925,146 789,350
Property, plant and equipment, net 145,758 132,760
Operating lease right-of-use assets 186,721 160,098
Intangible assets, net 474,973 493,423
Goodwill 56,041 203,743
Deferred taxes, net 51,872 73,948
Investment in golf-related venture 111,442 90,134
Other assets 14,355 17,092
Total assets 1,966,308 1,960,548
Current liabilities:    
Accounts payable and accrued expenses 245,053 276,300
Accrued employee compensation and benefits 33,522 46,891
Asset-based credit facilities 30,235 144,580
Accrued warranty expense 9,640 9,636
Operating lease liabilities, short-term 28,011 26,418
Current portion of long-term debt 14,623 7,317
Income taxes payable 10,326 12,104
Total current liabilities 371,410 523,246
Long-term liabilities:    
Operating lease liabilities, long-term 170,732 137,696
Long-term debt 651,011 443,259
Income tax liability 7,456 7,264
Deferred taxes, net 60,636 73,483
Other long-term liabilities 16,529 8,247
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock, $0.01 par value, 240,000,000 shares authorized, 95,648,648 shares issued at both September 30, 2020 and December 31, 2019, respectively 956 956
Additional paid-in capital 344,425 323,600
Retained earnings 400,805 489,382
Accumulated other comprehensive loss (31,323) (22,422)
Less: Common stock held in treasury, at cost, 1,469,101 and 1,450,875 shares at September 30, 2020 and December 31, 2019, respectively (26,329) (24,163)
Total shareholders’ equity 688,534 767,353
Total liabilities and shareholders’ equity $ 1,966,308 $ 1,960,548