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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 343,849 $ 294,186
Accounts receivable, net 377,658 377,542
Inventories 274,004 224,281
Prepaid expenses and other current assets 98,744 98,330
Total current assets 1,094,255 994,339
NONCURRENT ASSETS:    
Property and equipment, net 120,630 108,321
Operating lease right-of-use asset 84,159 72,424
Intangible assets, net 20,092 22,371
Referral sources, net 315,304 341,744
Goodwill 1,540,246 1,533,424
Other noncurrent assets 42,349 40,313
Total noncurrent assets 2,122,780 2,118,597
TOTAL ASSETS 3,217,035 3,112,936
CURRENT LIABILITIES:    
Accounts payable 426,513 378,763
Accrued compensation and employee benefits 92,508 76,906
Accrued expenses and other current liabilities 75,010 84,302
Current portion of operating lease liability 18,278 19,380
Current portion of long-term debt 6,000 6,000
Total current liabilities 618,309 565,351
NONCURRENT LIABILITIES:    
Long-term debt, net of discount, deferred financing costs and current portion 1,056,650 1,058,204
Operating lease liability, net of current portion 85,484 71,441
Deferred income taxes 34,920 22,154
Other noncurrent liabilities 0 9,683
Total noncurrent liabilities 1,177,054 1,161,482
Total liabilities 1,795,363 1,726,833
STOCKHOLDERS’ EQUITY:    
Preferred stock; $0.0001 par value; 12,500,000 shares authorized, no shares outstanding as of December 31, 2023 and 2022, respectively. 0 0
Common stock; $0.0001 par value: 250,000,000 shares authorized, 182,905,559 shares issued and 174,575,537 shares outstanding as of December 31, 2023; 182,341,420 shares issued and 181,957,698 shares outstanding as of December 31, 2022. 18 18
Treasury stock; 8,330,022 and 383,722 shares outstanding, at cost, as of December 31, 2023 and 2022, respectively. (255,107) (2,403)
Paid-in capital 1,204,270 1,176,906
Retained earnings 457,513 190,423
Accumulated other comprehensive income 14,978 21,159
Total stockholders’ equity 1,421,672 1,386,103
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,217,035 $ 3,112,936