Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 42,734 $ 63,926
Accounts receivable, net of allowance of $19,086 and $20,631, respectively 335,005 306,575
Inventories 391,106 428,025
Prepaid expenses and other current assets 44,173 45,402
Total current assets 813,018 843,928
Property and equipment, net 211,106 211,793
Intangible assets, net 253,623 255,268
Goodwill 9,858 9,858
Other non-current assets 16,928 13,724
TOTAL ASSETS 1,304,533 1,334,571
Current liabilities:    
Accounts payable, trade 293,816 254,704
Current maturities of long-term debt 25,000 25,000
Accrued expenses and other current liabilities 225,265 235,042
Total current liabilities 544,081 514,746
Long-term debt, less current maturities 484,878 608,108
Deferred income taxes 59,760 44,498
Other long-term liabilities 20,328 20,657
Total liabilities 1,109,047 1,188,009
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; 52,239,795 and 52,377,798 issued shares at December 31, 2016 and 2015, respectively 522 524
Additional paid-in capital 1,013,688 1,085,785
Accumulated deficit (820,944) (939,652)
Accumulated other comprehensive income 2,220 (95)
Total shareholders’ equity 195,486 146,562
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,304,533 $ 1,334,571