XML 65 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 62,660 $ 114,668
Accounts receivable, net of allowance for doubtful accounts of $12,610 and $10,762, respectively 2,464,377 2,511,383
Inventories 236,414 190,833
Other current assets 202,706 231,148
Total current assets 2,966,157 3,048,032
Property and equipment, net of accumulated depreciation and amortization of $238,766 and $236,330, respectively 128,689 130,907
Goodwill 413,665 415,149
Intangible assets, net of accumulated amortization of $83,187 and $73,492, respectively 271,533 278,584
Other assets 276,974 305,507
Total assets 4,057,018 4,178,179
Current liabilities:    
Accounts payable—trade 1,283,801 1,275,957
Accounts payable—inventory financing facilities 252,912 253,676
Accrued expenses and other current liabilities 358,182 352,204
Current portion of long-term debt 1,700 1,691
Total current liabilities 1,896,595 1,883,528
Long-term debt 749,547 857,673
Deferred income taxes 44,489 44,633
Other liabilities 215,818 232,027
Total liabilities 2,906,449 3,017,861
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued
Common stock, $0.01 par value, 100,000 shares authorized; 35,049 shares at March 31, 2020 and 35,263 shares at December 31, 2019 issued and outstanding 350 353
Additional paid-in capital 351,648 357,032
Retained earnings 854,566 841,097
Accumulated other comprehensive loss – foreign currency translation adjustments (55,995) (38,164)
Total stockholders’ equity 1,150,569 1,160,318
Total liabilities and stockholders' equity $ 4,057,018 $ 4,178,179