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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 80,244 $ 140,800
Accounts receivable, net 77,692 73,524
Contract assets 109,290 112,354
Contract costs, current portion 909 850
Inventories 214,688 193,100
Income tax refunds receivable 16,194 13,832
Assets Held-for-sale, Not Part of Disposal Group, Current 363 0
Other current assets 15,754 12,083
Total current assets 515,134 546,543
Property, plant and equipment, net of accumulated depreciation of $256,689 and $251,888, respectively 192,769 197,822
Operating Lease, Right-of-Use Asset 8,618 11,011
Goodwill 233,135 240,681
Other intangible assets, net 131,403 138,074
Deferred income taxes 15,335 15,717
Contract costs, noncurrent portion 9,865 10,249
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 901 0
Equity Method Investments 10,000  
Other assets 40,937 38,385
Total assets 1,158,097 1,198,482
Current liabilities:    
Accounts payable – trade 32,192 42,134
Accrued salaries and wages 29,306 38,892
Contract liabilities, current portion 2,893 2,945
Operating Lease, Liability, Current 3,896 4,502
Income taxes payable 239 386
Other current liabilities 36,275 32,076
Total current liabilities 105,141 120,935
Long-term debt, excluding current portion, net of debt issuance costs 197,542 189,421
Deferred income taxes 6,354 6,506
Underfunded pension 10,978 21,786
Contract liabilities, noncurrent portion 16,528 16,528
Operating Lease, Liability, Noncurrent 5,398 7,140
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 230 0
Other Liabilities, Noncurrent 36,984 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; 30,584,400 and 30,434,269 shares issued, respectively 30,584 30,434
Additional paid-in capital 241,597 248,153
Retained earnings 753,985 750,445
Accumulated other comprehensive income (loss) (125,202) (111,385)
Less 2,598,056 and 2,573,896 shares of common stock, respectively, held in treasury, at cost (122,022) (121,318)
Total shareholders’ equity 778,942 796,329
Total liabilities and shareholders’ equity 1,158,097 1,198,482
Disposal Group, Including Discontinued Operation, Liabilities, Current 340 0
Equity Method Investments 10,000  
Near Earth Autonomy    
Current assets:    
Equity Method Investments 10,000 0
Equity Method Investments $ 10,000 $ 0