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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 471,540 $ 25,895
Accounts receivable, net 156,492 149,338
Contract with Customer, Asset, Net, Current 121,614 99,261
Capitalized Contract Cost, Net, Current 6,052 5,993
Inventories 156,353 131,569
Income tax refunds receivable 8,069 1,752
Disposal Group, Including Discontinued Operation, Assets, Current 0 351,261
Other current assets 16,368 8,036
Total current assets 936,488 773,105
Property, plant and equipment, net of accumulated depreciation of $210,549 and $192,285, respectively 140,450 137,112
Operating Lease, Right-of-Use Asset 15,159 0
Goodwill 195,314 196,161
Other intangible assets, net 53,439 58,567
Deferred Tax Assets, Net 35,240 38,000
Deferred Tax Assets, Net of Valuation Allowance 28,246 30,894
Deferred income taxes   38,040
Capitalized Contract Cost, Net, Noncurrent 6,099 10,666
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 0 229,238
Other assets 36,754 31,173
Total assets 1,418,943 1,474,062
Current liabilities:    
Current portion of long-term debt, net of debt issuance costs 0 9,375
Accounts payable – trade 70,884 56,826
Accrued salaries and wages 43,220 32,795
Contract with Customer, Liability, Current 42,942 28,865
Operating Lease, Liability, Current 4,306 0
Income taxes payable 4,722 139
Disposal Group, Including Discontinued Operation, Liabilities, Current 0 131,047
Other current liabilities 37,918 39,429
Total current liabilities 203,992 298,476
Long-term debt, excluding current portion, net of debt issuance costs 181,622 284,256
Deferred income taxes 6,994 7,146
Underfunded pension 97,246 104,988
Contract with Customer, Liability, Noncurrent 37,855 78,562
Operating Lease, Liability, Noncurrent 11,617 0
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 0 15,602
Other long-term liabilities 56,415 51,875
Commitments and contingencies (Note 19)
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; 30,058,455 and 29,544,714 shares issued, respectively 30,058 29,545
Additional paid-in capital 228,153 200,474
Retained earnings 820,666 610,103
Accumulated other comprehensive income (loss) (150,893) (134,898)
Less 2,219,332 and 1,672,917 shares of common stock, respectively, held in treasury, at cost (104,782) (72,067)
Total shareholders’ equity 823,202 633,157
Total liabilities and shareholders’ equity $ 1,418,943 $ 1,474,062