Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 139,779 $ 330,007
Receivables, net of an allowance for credit losses of $8,798 at December 31, 2021, and $6,926 at December 31, 2020 668,419 427,340
Inventories, net 352,801 161,369
Prepaid expenses and other current assets 26,692 17,689
Total current assets 1,187,691 936,405
Right of use assets 177,177 83,490
Property and equipment, net 244,574 180,053
Goodwill 1,949,763 1,410,685
Other intangible assets, net 684,209 190,605
Deferred tax assets, net 1,905 2,728
Other assets 13,211 11,317
Total assets 4,258,530 2,815,283
Current liabilities:    
Accounts payable 461,917 331,710
Current portion of long-term debt 38,640 23,326
Accrued liabilities 175,891 107,949
Short-term operating lease liabilities 54,591 33,492
Short-term finance lease liabilities 2,387  
Total current liabilities 733,426 496,477
Long-term debt 1,454,483 683,396
Deferred tax liabilities, net 248,243 168,568
Long-term portion of insurance reserves 51,875 50,657
Long-term operating lease liabilities 125,339 53,749
Long-term finance lease liabilities 7,770  
Other liabilities 960 13,642
Total liabilities 2,622,096 1,466,489
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.01 par value: 250,000,000 shares authorized; 39,166,159 shares issued and 32,927,185 outstanding at December 31, 2021, and 39,029,913 shares issued and 33,018,925 outstanding at December 31, 2020 391 389
Treasury stock, 6,237,839 shares at December 31, 2021, and 6,010,988 shares at December 31, 2020, at cost (431,030) (386,669)
Additional paid-in capital 873,031 858,414
Retained earnings 1,200,676 876,660
Accumulated other comprehensive loss (6,634)  
Total equity 1,636,434 1,348,794
Total liabilities and equity $ 4,258,530 $ 2,815,283