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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 139,697 $ 173,120
Restricted cash 91 91
Accounts receivable, net of allowance of $4,946 and $5,584, respectively 313,791 311,171
Inventories 108,186 103,805
Costs and estimated profits in excess of billings 35,259 42,323
Prepaid expenses and other current assets 19,808 18,044
Total current assets 616,832 648,554
Property and equipment, net 64,039 61,618
Goodwill 370,949 343,991
Other intangible assets, net 67,675 63,895
Operating lease right of use assets, net 53,443 48,729
Other long-term assets 11,217 10,649
Total assets 1,184,155 1,177,436
Current liabilities:    
Current maturities of debt 5,500 5,500
Trade accounts payable 97,324 96,469
Accrued wages and benefits 31,655 36,238
Customer advances 12,619 12,160
Billings in excess of costs and estimated profits 8,195 9,506
Short-term operating lease liabilities 15,796 15,438
Other current liabilities 58,313 48,854
Total current liabilities 229,402 224,165
Long-term debt, net of unamortized debt issuance costs and discounts 520,217 520,697
Long-term operating lease liabilities 38,914 34,336
Other long-term liabilities 20,158 17,359
Total long-term liabilities 579,289 572,392
Total liabilities 808,691 796,557
Commitments and Contingencies (Note 10)
Shareholders' equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 15,928,305 and 16,177,237 outstanding, respectively 345 345
Additional paid-in capital 217,292 216,482
Retained earnings 330,580 319,271
Accumulated other comprehensive loss (31,854) (31,240)
Treasury stock, at cost $4,468,354 and 4,141,989 shares, respectively (140,915) (123,995)
Total DXP Enterprises, Inc. equity 375,464 380,879
Total liabilities and equity 1,184,155 1,177,436
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized    
Shareholders' equity:    
Preferred stock 1 1
Series B preferred stock, $1.00 par value; 1,000,000 shares authorized    
Shareholders' equity:    
Preferred stock $ 15 $ 15