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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 116,616 $ 123,794
Accounts receivable, net of reserves of $4,566 in 2019 and $4,702 in 2018 281,159 248,855
Inventories 189,468 173,303
Other current assets 110,403 108,220
Total current assets 697,646 654,172
Long-Term Assets:    
Property and equipment, net 449,103 437,270
Operating lease right-of-use assets (Notes 2 and 6) 80,594 0
Goodwill 214,517 214,489
Intangible assets, net 39,499 41,825
Other long-term assets 199,609 189,593
Total long-term assets 983,322 883,177
TOTAL ASSETS 1,680,968 1,537,349
Current Liabilities:    
Accounts payable 70,143 69,534
Accrued liabilities 229,127 260,683
Line of credit 346,998 398,937
Current portion of deferred revenue 43,351 41,290
Total current liabilities 689,619 770,444
Long-Term Liabilities:    
Deferred income tax liabilities 32,931 29,267
Long-term debt 699,334 601,348
Long-term deferred revenue, net of current portion 55,695 60,697
Long-term operating lease liabilities (Notes 2 and 6) 68,955 0
Other long-term liabilities 82,564 84,826
Total long-term liabilities 939,479 776,138
Total liabilities 1,629,098 1,546,582
Commitments and Contingencies (Note 14)
Stockholders’ Equity (Deficit):    
Common stock, $0.10 par value: Authorized: 120,000 shares; Issued: 105,345 shares in 2019 and 105,087 shares in 2018; Outstanding: 86,054 shares in 2019 and 86,100 shares in 2018 10,535 10,509
Additional paid-in capital 1,155,875 1,138,216
Deferred stock units: Outstanding: 162 units in 2019 and 2018 4,592 4,524
Retained earnings 1,270,609 1,167,928
Accumulated other comprehensive loss (40,015) (41,791)
Treasury stock, at cost: 19,290 shares in 2019 and 18,988 shares in 2018 (2,350,034) (2,288,899)
Total IDEXX Laboratories, Inc. stockholders’ equity (deficit) 51,562 (9,513)
Noncontrolling interest 308 280
Total stockholders’ equity (deficit) 51,870 (9,233)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 1,680,968 $ 1,537,349