Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 333,778 $ 240,069
Receivables, net of an allowance for credit losses of $16,007 at March 31, 2023, and $16,281 at December 31, 2022 833,959 836,071
Inventories, net 422,229 438,644
Prepaid expenses and other current assets 22,861 34,257
Total current assets 1,612,827 1,549,041
Right of use assets 211,381 205,892
Property and equipment, net 260,146 253,484
Goodwill 1,992,394 1,966,994
Other intangible assets, net 607,683 614,967
Other assets 16,483 16,453
Total assets 4,700,914 4,606,831
Current liabilities:    
Accounts payable 450,963 487,114
Current portion of long-term debt 42,371 40,068
Accrued liabilities 193,347 199,370
Short-term operating lease liabilities 62,110 60,880
Short-term finance lease liabilities 2,452 2,207
Total current liabilities 751,243 789,639
Long-term debt 1,405,931 1,417,257
Deferred tax liabilities, net 252,044 251,481
Long-term portion of insurance reserves 61,466 59,783
Long-term operating lease liabilities 154,844 149,943
Long-term finance lease liabilities 4,983 6,673
Other liabilities 5,259 2,349
Total liabilities 2,635,770 2,677,125
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,465,688 shares issued and 31,750,010 outstanding at March 31, 2023, and 39,325,916 shares issued and 31,642,832 outstanding at December 31, 2022 395 393
Treasury stock, 7,715,678 shares at March 31, 2023, and 7,683,084 shares at December 31, 2022, at cost (699,149) (692,799)
Additional paid-in capital 891,530 887,367
Retained earnings 1,892,535 1,756,665
Accumulated other comprehensive loss (20,167) (21,920)
Total equity 2,065,144 1,929,706
Total liabilities and equity $ 4,700,914 $ 4,606,831