(in thousands of dollars, except share and per share data)
March 31, 2005
December 31, 2004
(Unaudited)
Assets
Current Assets:
Cash and cash equivalents
$
19,322
$
16,672
Accounts receivable—net
519,480
515,386
Inventories
21,487
21,336
Prepaid expenses and other
23,160
29,039
Deferred income taxes
84,441
95,390
Current assets of discontinued operations (Note 4)
—
1,665
Total current assets
667,890
679,488
Property and equipment—net
55,976
57,542
Goodwill
464,469
464,469
Intangible assets
18,513
19,819
Other assets—net
38,028
41,599
Deferred income taxes
52,651
52,647
Non-current assets of discontinued operations (Note 4)
23,387
26,469
Total assets
$
1,320,914
$
1,342,033
Liabilities and Stockholders' Equity
Current Liabilities:
Current portion of amounts outstanding under line of credit
$
3,500
$
3,500
Accounts payable
96,560
116,032
Current portion of long-term debt
36
500
Accrued compensation and benefits
77,911
98,368
Other accrued liabilities
95,427
115,168
Current liabilities of discontinued operations (Note 4)
9,082
20,995
Total current liabilities
282,516
354,563
Long-term portion of amounts outstanding under line of credit
381,875
352,750
Senior subordinated notes
200,000
200,000
Other long-term debt
479
491
Other non-current liabilities
51,039
52,831
Non-current liabilities of discontinued operations (Note 4)
33,064
33,318
Commitments and contingencies (Note 7)
Stockholders' Equity:
Preferred stock, $1 par value, authorized 5,000,000 shares:
Series A junior participating, designated 1,000,000 authorized shares: None issued
—
—
Common stock, $.01 par value, authorized 200,000,000 shares: 85,258,168 and 84,779,939 shares issued and outstanding as of March 31, 2005 and March 31, 2004, respectively
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