v3.20.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 188,550 $ 50,436
Accounts receivable (net of allowance for doubtful accounts of $1,455 and $1,001, respectively) 754,524 858,922
Inventories 206,305 161,429
Prepaid expenses and other assets 57,390 35,473
Restricted cash 3,000 3,000
Total current assets 1,209,769 1,109,260
Property, plant and equipment, net 592,951 584,577
Right of use assets 33,720 36,899
Goodwill 16,080 16,080
Intangible assets, net 11,665 12,018
Other assets 26,154 26,515
TOTAL ASSETS 1,890,339 1,785,349
CURRENT LIABILITIES:    
Lines of credit 159,746 76,990
Current maturities of long-term debt 64,367 77,131
Current maturities of operating lease obligations 15,067 15,690
Accounts payable 373,941 369,213
Accrued expenses and other liabilities 18,676 40,776
Deferred revenue 10,723 8,620
Total current liabilities 642,520 588,420
Deferred income taxes 7,266 6,975
Long-term debt (net of debt issuance costs of $2,353 and $2,783, respectively) 16,808 26,130
Long-term operating lease obligations 27,795 30,413
Other liabilities 5,027 1,505
Total liabilities 699,416 653,443
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock ($.0001 par value; 300,000,000 shares authorized; 39,021,927 and 38,967,079 shares outstanding, respectively) 5 5
Common stock—additional paid-in-capital 422,124 438,591
Retained earnings 877,645 800,792
Accumulated other comprehensive income (2,545) (1,994)
Treasury stock (10,443,370 and 10,403,798 shares outstanding, respectively) (106,306) (105,488)
Total equity 1,190,923 1,131,906
TOTAL LIABILITIES AND EQUITY $ 1,890,339 $ 1,785,349

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