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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 1,132,901 $ 1,051,099
Accounts receivable, less allowance for doubtful accounts of $12,688 at March 31, 2018 and $12,858 at December 31, 2017 1,326,168 1,414,741
Deferred contract costs 120,861 0
Other 58,161 75,612
Total current assets 2,638,091 2,541,452
Property and equipment, less accumulated depreciation and amortization of $433,280 at March 31, 2018 and $420,282 at December 31, 2017 531,068 525,203
Goodwill 7,927 7,927
Deferred Federal and state income taxes, net 7,402 13,207
Other assets, net 27,993 29,219
Total assets 3,212,481 3,117,008
Current Liabilities:    
Accounts payable 812,200 866,305
Accrued expenses, primarily salaries and related costs 222,212 206,320
Contract liabilities 147,236 0
Federal, state and foreign income taxes 17,233 20,494
Total current liabilities 1,198,881 1,093,119
Noncurrent Federal income taxes payable 31,334 29,516
Commitments and contingencies
Shareholders' Equity:    
Preferred stock, none issued 0 0
Common stock, par value $0.01 per share. Issued and outstanding 174,308 shares at March 31, 2018 and 176,374 shares at December 31, 2017 1,743 1,764
Additional paid-in capital 1,198 546
Retained earnings 2,041,520 2,063,512
Accumulated other comprehensive loss (64,992) (73,964)
Total shareholders’ equity 1,979,469 1,991,858
Noncontrolling interest 2,797 2,515
Total equity 1,982,266 1,994,373
Total liabilities and equity $ 3,212,481 $ 3,117,008