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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 01, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 129,097 $ 140,800
Accounts receivable, net 68,824 73,524
Contract assets 99,360 112,354
Contract costs, current portion 841 850
Inventories 209,527 193,100
Income tax refunds receivable 14,241 13,832
Other current assets 14,506 12,083
Total current assets 536,396 546,543
Property, plant and equipment, net of accumulated depreciation of $256,512 and $251,888, respectively 197,073 197,822
Operating Lease, Right-of-Use Asset 10,066 11,011
Goodwill 238,074 240,681
Other intangible assets, net 134,990 138,074
Deferred income taxes 15,601 15,717
Contract costs, noncurrent portion 10,114 10,249
Other assets 37,941 38,385
Total assets 1,180,255 1,198,482
Current liabilities:    
Accounts payable – trade 41,446 42,134
Accrued salaries and wages 27,668 38,892
Contract liabilities, current portion 2,808 2,945
Operating Lease, Liability, Current 4,333 4,502
Income taxes payable 443 386
Other current liabilities 35,002 32,076
Total current liabilities 111,700 120,935
Long-term debt, excluding current portion, net of debt issuance costs 197,297 189,421
Deferred income taxes 6,137 6,506
Underfunded pension 16,310 21,786
Contract liabilities, noncurrent portion 16,528 16,528
Operating Lease, Liability, Noncurrent 6,380 7,140
Other Liabilities, Noncurrent 39,155 39,837
Commitments and contingencies (Note 15)
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; 30,550,123 and 30,434,269 shares issued, respectively 30,550 30,434
Additional paid-in capital 238,417 248,153
Retained earnings 755,519 750,445
Accumulated other comprehensive income (loss) (115,841) (111,385)
Less 2,591,242 and 2,573,896 shares of common stock, respectively, held in treasury, at cost (121,897) (121,318)
Total shareholders’ equity 786,748 796,329
Total liabilities and shareholders’ equity $ 1,180,255 $ 1,198,482