Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 63,926 $ 159,985
Accounts receivable, net of allowance of $20,631 and $18,824, respectively 306,575 317,785
Inventories 428,025 398,705
Prepaid expenses and other current assets 45,402 44,728
Total current assets 843,928 921,203
Property and equipment, net 211,793 193,889
Intangible assets, net 255,268 261,962
Goodwill 9,858 9,858
Other non-current assets 20,616 12,614
TOTAL ASSETS 1,341,463 1,399,526
Current liabilities:    
Accounts payable, trade 254,704 255,287
Current maturities of long-term debt 25,000 17,188
Accrued expenses and other current liabilities 235,042 241,074
Total current liabilities 514,746 513,549
Long-term debt, less current maturities 615,000 210,938
Deferred income taxes 44,498 56,119
Other long-term liabilities 20,657 16,579
Total liabilities 1,194,901 797,185
SHAREHOLDERS’ EQUITY:    
Preferred stock $0.01 par value; 25,000,000 authorized shares; no issued shares 0 0
Common stock $0.01 par value; 300,000,000 authorized shares; 52,377,798 and 52,425,895 issued shares at December 31, 2015 and 2014, respectively 524 524
Additional paid-in capital 1,085,785 1,710,581
Accumulated deficit (939,652) (1,108,891)
Accumulated other comprehensive income (95) 127
Total shareholders’ equity 146,562 602,341
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,341,463 $ 1,399,526