Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 72,000	$ 80,496
Accounts receivable, net	659,887	478,133
Inventories	872,902	761,314
Other current assets	16,664	17,454
Total current assets	1,621,453	1,337,397
Property and equipment, net	91,312	91,198
Goodwill	380,690	382,729
Intangible assets, net	152,817	161,065
Other assets	79,348	74,488
Total assets	2,325,620	2,046,877
Current liabilities:
Current portion of other long-term obligations	209	244
Short-term borrowings	1,510
Accounts payable	358,148	230,476
Accrued expenses and other current liabilities	163,056	185,757
Total current liabilities	522,923	416,477
Long-term obligations:
Borrowings under revolving credit agreement	141,600	21,800
Other long-term obligations, net of current portion	199	285
Total long-term obligations	141,799	22,085
Deferred income taxes and other liabilities	58,904	57,338
Commitments and contingencies
Watsco, Inc. shareholders' equity:
Preferred stock, $0.50 par value
Paid-in capital	817,559	804,008
Accumulated other comprehensive loss, net of tax	(40,459)	(34,221)
Retained earnings	617,666	594,556
Treasury stock, at cost	(87,440)	(87,440)
Total Watsco, Inc. shareholders' equity	1,328,446	1,297,953
Non-controlling interest	273,548	253,024
Total shareholders' equity	1,601,994	1,550,977
Total liabilities and shareholders' equity	2,325,620	2,046,877
Common Stock
Watsco, Inc. shareholders' equity:
Common stock, $0.50 par value	18,437	18,412
Class B Common Stock
Watsco, Inc. shareholders' equity:
Common stock, $0.50 par value	$ 2,683	$ 2,638