XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
[1]
Current assets:    
Cash and cash equivalents $ 275,290 $ 242,341
Short-term investments 97,027 143,235
Accounts receivable, net 144,137 176,148
Inventories 173,753 170,141
Prepaid expenses 29,257 24,017
Other current assets 2,827 8,969
Total current assets 722,291 764,851
Property, plant and equipment, net 66,626 65,011
Goodwill 224,291 213,539
Intangible assets, net 135,300 140,104
Other assets 19,718 21,105
Operating lease right of use assets 19,839 22,804
Assets 1,188,065 1,227,414
Current liabilities:    
Short-term borrowings 1,732 1,907
Current installments of long-term debt 4,529 4,404
Accounts payable 45,677 51,763
Customer advances 10,833 6,886
Accrued compensation and benefits 28,149 38,348
Deferred profit 4,073 8,022
Accrued warranty 4,932 5,614
Income taxes payable 24,373 26,648
Other accrued liabilities 14,104 17,280
Total current liabilities 138,402 160,872
Long-term debt 36,457 72,664
Deferred income taxes 21,565 21,359
Noncurrent income tax liabilities 6,410 6,486
Accrued retirement benefits 8,276 10,363
Long-term lease liabilities 16,178 19,209
Other accrued liabilities 7,384 7,620
Stockholders’ equity    
Preferred stock, $1 par value; 1,000 shares authorized, none issued 0 0
Common stock, $1 par value; 90,000 shares authorized, 49,350 shares issued and outstanding in 2023 and 49,276 shares in 2022 49,350 49,276
Paid-in capital 676,309 687,218
Treasury stock, at cost; 1,751 shares in 2023 and 1,767 shares in 2022 (52,378) (58,043)
Retained earnings 316,671 290,402
Accumulated other comprehensive loss (36,559) (40,012)
Total stockholders’ equity 953,393 928,841
Liabilities and Equity $ 1,188,065 $ 1,227,414
[1] Derived from December 31, 2022 audited financial statements