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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 386,489 $ 294,186
Accounts receivable, net 382,957 377,542
Inventories 251,366 224,281
Prepaid expenses and other current assets 95,473 98,330
Total current assets 1,116,285 994,339
NONCURRENT ASSETS:    
Property and equipment, net 107,960 108,321
Operating lease right-of-use asset 83,732 72,424
Intangible assets, net 20,868 22,371
Referral sources, net 323,126 341,744
Goodwill 1,540,246 1,533,424
Other noncurrent assets 51,399 40,313
Total noncurrent assets 2,127,331 2,118,597
TOTAL ASSETS 3,243,616 3,112,936
CURRENT LIABILITIES:    
Accounts payable 429,536 378,763
Accrued compensation and employee benefits 81,159 76,906
Accrued expenses and other current liabilities 88,921 84,302
Current portion of operating lease liability 18,468 19,380
Current portion of long-term debt 6,000 6,000
Total current liabilities 624,084 565,351
NONCURRENT LIABILITIES:    
Long-term debt, net of discount, deferred financing costs and current portion 1,057,016 1,058,204
Operating lease liability, net of current portion 85,423 71,441
Deferred income taxes 33,921 22,154
Other noncurrent liabilities 3,089 9,683
Total noncurrent liabilities 1,179,449 1,161,482
Total liabilities 1,803,533 1,726,833
STOCKHOLDERS’ EQUITY:    
Preferred stock; $0.0001 par value; 12,500,000 shares authorized, no shares outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock; $0.0001 par value: 250,000,000 shares authorized, 182,901,785 shares issued and 177,129,378 shares outstanding as of September 30, 2023; 182,341,420 shares issued and 181,957,698 shares outstanding as of December 31, 2022 18 18
Treasury stock; 5,772,407 and 383,722 shares outstanding, at cost, as of September 30, 2023 and December 31, 2022, respectively (179,205) (2,403)
Paid-in capital 1,197,874 1,176,906
Retained earnings 400,336 190,423
Accumulated other comprehensive income 21,060 21,159
Total stockholders’ equity 1,440,083 1,386,103
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,243,616 $ 3,112,936