Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 112,848 $ 2,965
Receivables, net of an allowance for doubtful accounts of $3,399 and $3,961 at December 31, 2015 and 2014, respectively 235,549 220,176
Inventories, net 118,701 106,972
Prepaid expenses and other current assets 13,263 5,117
Total current assets 480,361 335,230
Property and equipment, net 93,066 93,157
Goodwill 1,044,041 1,044,041
Other intangible assets, net 1,987 2,962
Deferred tax assets, net 20,549  
Other assets 2,245 1,034
Total Assets 1,642,249 1,476,424
Current liabilities:    
Accounts payable 253,311 228,720
Current portion of long-term debt 15,000  
Accrued liabilities 58,369 72,747
Total current liabilities 326,680 301,467
Long-term bank debt 178,457  
Deferred income taxes, net 181,254 182,281
Other liabilities 40,129 40,385
Total Liabilities $ 726,520 $ 524,133
Commitments and contingencies
Equity:    
Preferred stock, $0.01 par value: 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2015
Common stock, $0.01 par value: 250,000,000 shares authorized; 37,681,765 shares issued and outstanding at December 31, 2015 $ 377  
Additional paid-in capital 838,976  
Retained earnings 76,376  
Former Parent investment   $ 952,291
Total equity 915,729 952,291
Total liabilities and equity $ 1,642,249 $ 1,476,424