Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Balance Sheets

v3.19.2
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 760 $ 162
Receivables, net 74,012 60,004
Unbilled receivables, net 45,961 41,255
Inventories, net 197,213 166,392
Other current assets 15,232 13,407
Total current assets 333,178 281,220
Property and equipment, net 44,216 49,606
Intangible assets, net 147,921 94,892
Goodwill 259,212 198,622
Operating lease right-of-use assets 25,256  
Other assets 16,992 14,488
Total assets 826,775 638,828
Current liabilities:    
Current portion of long-term debt 10,091 9,466
Accounts payable 74,310 57,408
Current portion of earn-out obligation 10,700 0
Accrued expenses and other current liabilities 39,428 37,133
Dividends payable 987 871
Total current liabilities 135,516 104,878
Long-term debt, less current portion 268,985 151,133
Deferred compensation 17,201 17,027
Long-term lease obligations, less current portion 0 18,913
Long-term operating lease liabilities 25,716  
Earn-out obligation 14,300 0
Deferred tax liabilities 18,720 18,482
Total liabilities 480,438 310,433
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, par value $0.05 per share, authorized 15,000,000 shares; issued and outstanding 10,970,123 and 10,886,036, respectively 549 544
Additional paid-in capital 29,411 26,632
Retained earnings 317,652 301,073
Accumulated other comprehensive (loss) income (1,275) 146
Total stockholders' equity 346,337 328,395
Total liabilities and stockholders' equity $ 826,775 $ 638,828