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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
[1]
Current assets:    
Cash and cash equivalents $ 293,386 $ 242,341
Short-term investments 94,180 143,235
Accounts receivable, net 130,432 176,148
Inventories 166,673 170,141
Prepaid expenses 31,179 24,017
Other current assets 2,717 8,969
Total current assets 718,567 764,851
Property, plant and equipment, net 66,605 65,011
Goodwill 220,684 213,539
Intangible assets, net 125,008 140,104
Other assets 19,367 21,105
Operating lease right of use assets 17,287 22,804
Assets 1,167,518 1,227,414
Current liabilities:    
Short-term borrowings 1,673 1,907
Current installments of long-term debt 4,501 4,404
Accounts payable 36,931 51,763
Customer advances 6,741 6,886
Accrued compensation and benefits 31,894 38,348
Deferred profit 4,544 8,022
Accrued warranty 4,542 5,614
Income taxes payable 22,641 26,648
Other accrued liabilities 14,977 17,280
Total current liabilities 128,444 160,872
Long-term debt 35,189 72,664
Deferred income taxes 22,352 21,359
Noncurrent income tax liabilities 6,296 6,486
Accrued retirement benefits 7,936 10,363
Long-term lease liabilities 13,899 19,209
Other accrued liabilities 7,166 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 679,734 687,218
Treasury stock, at cost; 1,865 shares in 2023 and 1,767 shares in 2022 (56,469) (58,043)
Retained earnings 320,586 290,402
Accumulated other comprehensive loss (46,965) (40,012)
Total stockholders’ equity 946,236 928,841
Liabilities and Equity $ 1,167,518 $ 1,227,414
[1] Derived from December 31, 2022 audited financial statements