v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 154,590 $ 160,871
Receivables, net of allowance for credit loss of $15,323 and $14,420 3,055,149 2,360,829
Contract assets, net of allowance for credit loss 230,598 156,441
Prepaid expenses and other 120,563 120,402
Total current assets 3,560,900 2,798,543
Property and equipment, net of accumulated depreciation and amortization 108,492 116,362
Goodwill 1,508,335 1,457,976
Other intangible assets, net of accumulated amortization 38,738 18,174
Right-of-use lease assets 261,199 278,323
Deferred tax assets 269,038 293,455
Other assets 96,804 95,548
Total assets 5,843,506 5,058,381
Current liabilities:    
Accounts payable 1,663,596 1,210,295
Outstanding checks 23,226 30,981
Accrued expenses:    
Compensation 120,754 188,838
Transportation expense 188,259 120,708
Income taxes 6,415 33,745
Other accrued liabilities 178,658 174,955
Current lease liabilities 70,654 72,180
Total current liabilities 2,251,562 1,831,702
Long-term debt 1,685,017 1,089,438
Noncurrent lease liabilities 216,900 233,768
Noncurrent income taxes payable 38,499 34,875
Deferred tax liabilities 21,383 21,526
Other long-term liabilities 2,455 1,425
Total liabilities 4,215,816 3,212,734
Stockholders’ investment:    
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.10 par value, 480,000 shares authorized; 179,199 and 179,199 shares issued, 117,113 and 118,429 outstanding 11,711 11,843
Additional paid-in capital 710,902 734,261
Retained earnings 6,254,765 6,071,118
Accumulated other comprehensive loss (77,706) (77,674)
Treasury stock at cost (62,086 and 60,770 shares) (5,271,982) (4,893,901)
Total stockholders’ investment 1,627,690 1,845,647
Total liabilities and stockholders’ investment $ 5,843,506 $ 5,058,381