Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 240,069 $ 139,779
Receivables, net of an allowance for credit losses of $16,281 at December 31, 2022, and $8,798 at December 31, 2021 836,071 668,419
Inventories, net 438,644 352,801
Prepaid expenses and other current assets 34,257 26,692
Total current assets 1,549,041 1,187,691
Right of use assets 205,892 177,177
Property and equipment, net 253,484 244,574
Goodwill 1,966,994 1,949,763
Other intangible assets, net 614,967 684,209
Other assets 16,453 15,116
Total assets 4,606,831 4,258,530
Current liabilities:    
Accounts payable 487,114 461,917
Current portion of long-term debt 40,068 38,640
Accrued liabilities 199,370 175,891
Short-term operating lease liabilities 60,880 54,591
Short-term finance lease liabilities 2,207 2,387
Total current liabilities 789,639 733,426
Long-term debt 1,417,257 1,454,483
Deferred tax liabilities, net 251,481 248,243
Long-term portion of insurance reserves 59,783 51,875
Long-term operating lease liabilities 149,943 125,339
Long-term finance lease liabilities 6,673 7,770
Other liabilities 2,349 960
Total liabilities 2,677,125 2,622,096
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; 39,325,916 shares issued and 31,642,832 outstanding at December 31, 2022, and 39,165,024 shares issued and 32,927,185 outstanding at December 31, 2021 393 391
Treasury stock, 7,683,084 shares at December 31, 2022, and 6,237,839 shares at December 31, 2021, at cost (692,799) (431,030)
Additional paid-in capital 887,367 873,031
Retained earnings 1,756,665 1,200,676
Accumulated other comprehensive loss (21,920) (6,634)
Total equity 1,929,706 1,636,434
Total liabilities and equity $ 4,606,831 $ 4,258,530