Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 615,612 $ 240,069
Receivables, net of an allowance for credit losses of $17,880 at September 30, 2023, and $16,281 at December 31, 2022 870,890 836,071
Inventories, net 357,179 438,644
Prepaid expenses and other current assets 38,104 34,257
Total current assets 1,881,785 1,549,041
Right of use assets 209,707 205,892
Property and equipment, net 264,581 253,484
Goodwill 2,039,777 1,966,994
Other intangible assets, net 606,940 614,967
Other assets 11,300 16,453
Total assets 5,014,090 4,606,831
Current liabilities:    
Accounts payable 455,840 487,114
Current portion of long-term debt 48,057 40,068
Accrued liabilities 183,084 199,370
Short-term operating lease liabilities 64,632 60,880
Short-term finance lease liabilities 2,057 2,207
Total current liabilities 753,670 789,639
Long-term debt 1,383,717 1,417,257
Deferred tax liabilities, net 252,419 251,481
Long-term portion of insurance reserves 58,343 59,783
Long-term operating lease liabilities 151,970 149,943
Long-term finance lease liabilities 4,596 6,673
Other liabilities 1,548 2,349
Total liabilities 2,606,263 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; 39,489,942 shares issued and 31,774,264 outstanding at September 30, 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 September 30, 2023, and 7,683,084 shares at December 31, 2022, at cost (699,149) (692,799)
Additional paid-in capital 900,936 887,367
Retained earnings 2,224,537 1,756,665
Accumulated other comprehensive loss (18,892) (21,920)
Total equity 2,407,827 1,929,706
Total liabilities and equity $ 5,014,090 $ 4,606,831