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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 29, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 28,356 $ 27,711
Accounts receivable, net 260,461 301,094
Contract assets 121,621 108,861
Contract costs, current portion 6,158 5,993
Inventories 313,894 294,912
Income tax refunds receivable 2,145 1,752
Other current assets 36,332 32,782
Total current assets 768,967 773,105
Property, plant and equipment, net of accumulated depreciation of $268,261 and $262,306, respectively 183,930 184,224
Operating Lease, Right-of-Use Asset 87,825 0
Goodwill 343,988 345,365
Other intangible assets, net 87,737 91,007
Deferred income taxes 22,960 24,437
Contract costs, noncurrent portion 9,503 10,666
Other assets 31,058 31,509
Total assets 1,535,968 1,460,313
Current liabilities:    
Current portion of long-term debt, net of debt issuance costs 10,000 9,375
Accounts payable – trade 149,084 158,627
Accrued salaries and wages 40,497 46,634
Contract liabilities, current portion 34,283 28,865
Operating Lease, Liability, Current 24,345 0
Income taxes payable 1,935 139
Other current liabilities 58,244 54,836
Total current liabilities 318,388 298,476
Long-term debt, excluding current portion, net of debt issuance costs 274,176 284,256
Deferred income taxes 7,486 7,027
Underfunded pension 102,228 104,988
Contract liabilities, noncurrent portion 72,081 78,562
Operating Lease, Liability, Noncurrent 64,643 0
Other long-term liabilities 54,799 53,847
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; 29,639,122 and 29,544,714 shares issued, respectively 29,639 29,545
Additional paid-in capital 203,922 200,474
Retained earnings 641,741 610,103
Accumulated other comprehensive income (loss) (157,973) (134,898)
Less 1,725,972 and 1,672,917 shares of common stock, respectively, held in treasury, at cost (75,162) (72,067)
Total shareholders’ equity 642,167 633,157
Total liabilities and shareholders’ equity $ 1,535,968 $ 1,460,313