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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 30,050 $ 36,904
Accounts receivable, net 290,564 313,451
Contract assets 108,114 0
Contract costs, current portion 3,271 0
Inventories 296,622 367,437
Income tax refunds receivable 0 2,889
Other current assets 33,035 27,188
Total current assets 761,656 747,869
Property, plant and equipment, net of accumulated depreciation of $259,827 and $252,611, respectively 186,668 185,452
Goodwill 355,106 351,717
Other intangible assets, net 114,851 117,118
Deferred income taxes 28,819 27,603
Contract costs, noncurrent portion 12,630 0
Other assets 26,031 25,693
Total assets 1,485,761 1,455,452
Current liabilities:    
Current portion of long-term debt 7,500 7,500
Accounts payable – trade 139,159 127,591
Accrued salaries and wages 38,710 48,352
Contract liabilities, current portion 5,670 0
Advances on contracts 0 8,527
Income taxes payable 1,257 1,517
Other current liabilities 56,245 52,812
Total current liabilities 248,541 246,299
Long-term debt, excluding current portion, net of debt issuance costs 341,591 391,651
Deferred income taxes 8,213 8,024
Underfunded pension 112,140 126,924
Contract liabilities, noncurrent portion 81,708 0
Other long-term liabilities 51,239 46,898
Commitments and contingencies (Note 13)
Shareholders' equity:    
Preferred stock, $1 par value, 200,000 shares authorized; none outstanding 0 0
Common stock, $1 par value, 50,000,000 shares authorized; voting; 29,308,962 and 29,141,467 shares issued, respectively 29,309 29,141
Additional paid-in capital 190,057 185,332
Retained earnings 586,778 587,877
Accumulated other comprehensive income (loss) (107,583) (115,814)
Less 1,415,048 and 1,325,975 shares of common stock, respectively, held in treasury, at cost (56,232) (50,880)
Total shareholders’ equity 642,329 635,656
Total liabilities and shareholders’ equity $ 1,485,761 $ 1,455,452