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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 110,845 $ 123,794
Accounts receivable, net of reserves of $4,266 in 2019 and $4,702 in 2018 286,154 248,855
Inventories 196,876 173,303
Other current assets 118,423 108,220
Total current assets 712,298 654,172
Long-Term Assets:    
Property and equipment, net 469,982 437,270
Operating lease right-of-use assets (Notes 2 and 7) 81,555 0
Goodwill 215,157 214,489
Intangible assets, net 37,989 41,825
Other long-term assets 207,256 189,593
Total long-term assets 1,011,939 883,177
TOTAL ASSETS 1,724,237 1,537,349
Current Liabilities:    
Accounts payable 67,606 69,534
Accrued liabilities 256,329 260,683
Line of credit 251,528 398,937
Current portion of deferred revenue 43,446 41,290
Total current liabilities 618,909 770,444
Long-Term Liabilities:    
Deferred income tax liabilities 32,415 29,267
Long-term debt 700,552 601,348
Long-term deferred revenue, net of current portion 52,129 60,697
Long-term operating lease liabilities (Notes 2 and 7) 69,331 0
Other long-term liabilities 79,352 84,826
Total long-term liabilities 933,779 776,138
Total liabilities 1,552,688 1,546,582
Commitments and Contingencies (Note 15)
Stockholders’ Equity (Deficit):    
Common stock, $0.10 par value: Authorized: 120,000 shares; Issued: 105,478 shares in 2019 and 105,087 shares in 2018; Outstanding: 86,103 shares in 2019 and 86,100 shares in 2018 10,548 10,509
Additional paid-in capital 1,170,962 1,138,216
Deferred stock units: Outstanding: 144 units in 2019 and 162 units in 2018 4,381 4,524
Retained earnings 1,396,315 1,167,928
Accumulated other comprehensive loss (40,583) (41,791)
Treasury stock, at cost: 19,375 shares in 2019 and 18,988 shares in 2018 (2,370,377) (2,288,899)
Total IDEXX Laboratories, Inc. stockholders’ equity (deficit) 171,246 (9,513)
Noncontrolling interest 303 280
Total stockholders’ equity (deficit) 171,549 (9,233)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 1,724,237 $ 1,537,349