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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 207,343 $ 231,520
Accounts receivable (less allowance for credit losses of $8,615 and $8,789 at March 31, 2021 and December 31, 2020, respectively) 270,498 266,566
Inventories 85,980 77,179
Prepaid expenses and other current assets 46,344 48,678
Total current assets 610,165 623,943
Non-current assets    
Property and equipment, net 105,162 104,022
Operating lease right-of-use assets 54,442 53,766
Goodwill 242,036 216,870
Customer relationships, net 188,202 171,393
Other intangibles, net 67,151 62,889
Other non-current assets 33,609 17,682
Total assets 1,233,616 1,187,676
Current liabilities    
Current maturities of long-term debt 23,770 23,355
Current maturities of operating lease obligations 19,210 18,758
Current maturities of finance lease obligations 1,875 2,073
Accounts payable 104,001 101,462
Accrued compensation 47,520 45,876
Other current liabilities 48,926 44,951
Total current liabilities 245,302 236,475
Long-term debt 545,138 541,957
Operating lease obligations 34,618 34,413
Finance lease obligations 2,367 2,430
Deferred income taxes 9,957 35
Other long-term liabilities 55,696 53,184
Total liabilities 893,078 868,494
Commitments and contingencies (Note 15)
Stockholders’ equity    
Preferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 0 0
Common stock; $0.01 par value: 100,000,000 authorized, 33,208,082 and 33,141,879 issued and 29,689,201 and 29,623,272 shares outstanding at March 31, 2021 and December 31, 2020, respectively 331 331
Additional paid in capital 202,662 199,847
Retained earnings 277,804 269,420
Treasury stock; at cost: 3,518,881 and 3,518,607 shares at March 31, 2021 and December 31, 2020, respectively (141,653) (141,653)
Accumulated other comprehensive income (loss) 1,394 (8,763)
Total stockholders’ equity 340,538 319,182
Total liabilities and stockholders’ equity 1,233,616 1,187,676
Customer relationships    
Non-current assets    
Customer relationships, net $ 121,051 $ 108,504