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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Oct. 01, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 121,458 $ 104,377
Restricted Cash, Current 0 25,121
Accounts receivable, net 80,849 153,806
Contract assets 128,824 108,645
Contract costs, current portion 1,533 3,511
Inventories 195,700 185,072
Income tax refunds receivable 2,123 5,269
Other current assets 14,488 12,173
Total current assets 544,975 597,974
Property, plant and equipment, net of accumulated depreciation of $246,431 and $228,984, respectively 199,955 210,852
Operating Lease, Right-of-Use Asset 11,091 12,880
Goodwill 242,366 247,244
Other intangible assets, net 141,055 150,198
Deferred income taxes 34,061 39,809
Contract costs, noncurrent portion 10,389 8,311
Other assets 37,808 39,125
Total assets 1,221,700 1,306,393
Current liabilities:    
Accounts payable – trade 38,738 60,200
Accrued salaries and wages 40,639 70,552
Contract liabilities, current portion 10,719 39,073
Operating Lease, Liability, Current 4,215 4,305
Income taxes payable 1,228 19
Disposal Group, Including Discontinued Operation, Liabilities, Current 0 18,086
Other current liabilities 42,291 36,177
Total current liabilities 137,830 228,412
Long-term debt, excluding current portion, net of debt issuance costs 188,407 185,401
Deferred income taxes 7,180 7,381
Underfunded pension 37,326 69,610
Contract liabilities, noncurrent portion 15,426 11,019
Operating Lease, Liability, Noncurrent 7,556 9,325
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 0 1,171
Other Liabilities, Noncurrent 41,226 47,636
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; 30,414,184 and 30,278,668 shares issued, respectively 30,414 30,279
Additional paid-in capital 246,516 238,829
Retained earnings 746,300 728,764
Accumulated other comprehensive income (loss) (115,322) (130,821)
Less 2,569,169 and 2,555,785 shares of common stock, respectively, held in treasury, at cost (121,159) (120,613)
Total shareholders’ equity 786,749 746,438
Total liabilities and shareholders’ equity $ 1,221,700 $ 1,306,393