v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 186,122 $ 149,288
Restricted cash - current 2 2
Accounts receivable, net of allowances of $33,634 and $27,591, respectively 361,651 305,747
Inventories 367,191 385,054
Income taxes receivable 2,913 4,413
Other receivables 21,618 21,071
Prepaid expenses and other assets 50,923 45,129
Total current assets 990,420 910,704
Property and equipment, net of accumulated depreciation of $146,957 and $120,510, respectively 243,358 238,315
Intangible assets, net of accumulated amortization of $155,943 and $138,611, respectively 1,783,677 1,792,562
Goodwill 711,602 711,588
Deferred tax assets, net 659,861 667,972
Restricted cash 3,421 3,807
Right-of-use assets 303,758 287,440
Other assets 17,053 31,446
Total assets 4,713,150 4,643,834
Current liabilities:    
Accounts payable 240,891 260,978
Accrued expenses and other liabilities 277,982 285,771
Income taxes payable 106,753 65,952
Current borrowings 0 23,328
Current operating lease liabilities 66,900 62,267
Total current liabilities 692,526 698,296
Deferred tax liabilities, net 12,824 12,912
Long-term income taxes payable 572,362 565,171
Long-term borrowings 1,421,952 1,640,996
Long-term operating lease liabilities 285,155 269,769
Other liabilities 3,213 2,767
Total liabilities 2,988,032 3,189,911
Commitments and contingencies
Stockholders’ equity:    
Common stock, par value $0.001 per share, 250.0 million shares authorized, 110.4 million and 110.1 million issued, 58.5 million and 60.5 million outstanding, respectively 110 110
Treasury stock, at cost, 51.9 million and 49.6 million shares, respectively (2,226,193) (1,888,869)
Additional paid-in capital 851,228 826,685
Retained earnings 3,192,927 2,611,765
Accumulated other comprehensive loss (92,954) (95,768)
Total stockholders’ equity 1,725,118 1,453,923
Total liabilities and stockholders’ equity $ 4,713,150 $ 4,643,834