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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 145,524 $ 217,482
Receivables, net of allowance for credit loss of $14,229 and $28,749 2,381,963 2,991,753
Contract assets, net of allowance for credit loss 189,900 257,597
Prepaid expenses and other 163,307 122,406
Total current assets 2,880,694 3,589,238
Property and equipment 437,458 449,828
Accumulated depreciation and amortization (292,740) (290,396)
Net property and equipment 144,718 159,432
Goodwill 1,473,600 1,470,813
Other intangible assets, net of accumulated amortization of $58,437 and $106,932 43,662 64,026
Right-of-use lease assets 353,890 372,141
Deferred tax assets 214,619 181,602
Other assets 114,097 117,312
Total assets 5,225,280 5,954,564
Current liabilities:    
Accounts payable 1,303,951 1,466,998
Outstanding checks 66,383 103,561
Accrued expenses:    
Compensation 135,104 242,605
Transportation expense 147,921 199,092
Income taxes 4,748 15,210
Other accrued liabilities 159,435 168,009
Current lease liabilities 74,451 73,722
Current portion of debt 160,000 1,053,655
Total current liabilities 2,051,993 3,322,852
Long-term debt 1,420,487 920,049
Noncurrent lease liabilities 297,563 313,742
Noncurrent income taxes payable 21,289 28,317
Deferred tax liabilities 13,177 14,256
Other long-term liabilities 2,074 1,926
Total liabilities 3,806,583 4,601,142
Commitments and contingencies
Stockholders’ investment:    
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.10 par value, 480,000 shares authorized; 179,204 and 179,204 shares issued, 116,768 and 116,323 outstanding 11,677 11,632
Additional paid-in capital 754,093 743,288
Retained earnings 5,620,790 5,590,440
Accumulated other comprehensive loss (80,946) (88,860)
Treasury stock at cost (62,436 and 62,881 shares) (4,886,917) (4,903,078)
Total stockholders’ investment 1,418,697 1,353,422
Total liabilities and stockholders’ investment $ 5,225,280 $ 5,954,564