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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 995 $ 1,590
Trade accounts receivable, net of allowance for doubtful accounts of $8,761 in 2017 and $8,160 in 2016 156,971 148,919
Inventories, net 84,325 83,699
Costs and estimated profits in excess of billings on uncompleted contracts 19,218 18,421
Prepaid expenses and other current assets 3,816 2,138
Federal income taxes recoverable 1,642 2,558
Total current assets 266,967 257,325
Property and equipment, net 58,304 60,807
Goodwill 187,591 187,591
Other intangible assets, net of accumulated amortization of $74,192 in 2017 and $70,027 in 2016 90,665 94,831
Other long-term assets 1,787 1,498
Total assets 605,314 602,052
Current liabilities:    
Current maturities of long-term debt, less unamortized debt issuance costs of $822 in 2017 224,715 51,354
Trade accounts payable 79,279 78,698
Accrued wages and benefits 13,998 16,962
Customer advances 3,092 2,441
Billings in excess of costs and estimated profits on uncompleted contracts 4,000 2,813
Other current liabilities 13,768 14,391
Total current liabilities 338,852 166,659
Long-term debt, less current maturities and unamortized debt issuance costs of $992 in 2016 2,504 173,331
Deferred income taxes 10,388 9,513
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 17,417,861 at March 31, 2017 and 17,197,380 at December 31, 2016 shares issued 174 172
Additional paid-in capital 152,768 152,313
Retained earnings 120,505 117,396
Accumulated other comprehensive loss (20,594) (18,274)
Total DXP Enterprises, Inc. equity 252,869 251,623
Noncontrolling interest 701 926
Total equity 253,570 252,549
Total liabilities and equity 605,314 602,052
Series A Preferred Stock [Member]    
Equity:    
Preferred stock 1 1
Series B Convertible Preferred Stock [Member]    
Equity:    
Preferred stock $ 15 $ 15