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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 28, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 17,016 $ 25,895
Accounts receivable, net 100,799 149,338
Contract assets 118,774 99,261
Contract costs, current portion 5,114 5,993
Inventories 163,006 131,569
Income tax refunds receivable 5,487 1,752
Disposal Group, Including Discontinued Operation, Assets, Current 365,264 351,261
Other current assets 10,568 8,036
Total current assets 786,028 773,105
Property, plant and equipment, net of accumulated depreciation of $201,400 and $192,285, respectively 138,246 137,112
Operating Lease, Right-of-Use Asset 16,330 0
Goodwill 195,332 196,161
Other intangible assets, net 56,054 58,567
Deferred income taxes 39,802 38,040
Contract costs, noncurrent portion 9,187 10,666
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 292,957 229,238
Other assets 30,903 31,173
Total assets 1,564,839 1,474,062
Current liabilities:    
Current portion of long-term debt, net of debt issuance costs 127,603 9,375
Accounts payable – trade 54,086 56,826
Accrued salaries and wages 29,959 32,795
Contract liabilities, current portion 30,707 28,865
Operating Lease, Liability, Current 4,259 0
Income taxes payable 0 139
Disposal Group, Including Discontinued Operation, Liabilities, Current 136,292 131,047
Other current liabilities 38,669 39,429
Total current liabilities 421,575 298,476
Long-term debt, excluding current portion, net of debt issuance costs 180,196 284,256
Deferred income taxes 7,483 7,146
Underfunded pension 99,469 104,988
Contract liabilities, noncurrent portion 72,081 78,562
Operating Lease, Liability, Noncurrent 12,895 0
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 63,892 15,602
Other long-term liabilities 49,079 51,875
Commitments and contingencies (Note 14)
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; 29,723,147 and 29,544,714 shares issued, respectively 29,723 29,545
Additional paid-in capital 208,491 200,474
Retained earnings 649,610 610,103
Accumulated other comprehensive income (loss) (153,708) (134,898)
Less 1,745,385 and 1,672,917 shares of common stock, respectively, held in treasury, at cost (75,947) (72,067)
Total shareholders’ equity 658,169 633,157
Total liabilities and shareholders’ equity $ 1,564,839 $ 1,474,062