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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 171,431,000 $ 108,212,000
Current investments 240,470,000 427,348,000
Accounts receivable, less reserves of $1,821 and $1,646 in 2019 and 2018, respectively 103,447,000 119,172,000
Unbilled revenue 4,782,000 8,312,000
Inventories 60,261,000 83,282,000
Prepaid expenses and other current assets 26,840,000 34,000,000
Total current assets 607,231,000 780,326,000
Non-current investments 433,452,000 262,039,000
Property, plant, and equipment, net 89,443,000 91,396,000
Operating lease assets 17,522,000 0
Goodwill 243,445,000 113,208,000
Intangible Assets, Net (Excluding Goodwill) 39,490,000 10,113,000
Deferred income taxes 449,519,000 28,660,000
Other assets 5,833,000 3,925,000
Total assets 1,885,935,000 1,289,667,000
Current liabilities:    
Accounts payable 17,866,000 16,230,000
Accrued expenses 52,199,000 60,220,000
Accrued income taxes 30,333,000 5,062,000
Deferred revenue and customer deposits 14,432,000 9,845,000
Operating lease liabilities 5,647,000 0
Total current liabilities 120,477,000 91,357,000
Non-current operating lease liabilities 12,326,000 0
Deferred income taxes 332,344,000 962,000
Reserve for income taxes 11,563,000 7,106,000
Non-current accrued income taxes 51,113,000 51,113,000
Other liabilities 2,402,000 3,866,000
Total liabilities 530,225,000 154,404,000
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock,$.01 par value - Authorized: 400 shares in 2019 and 2018, respectively, no shares issued and outstanding 0 0
Common stock, $.002 par value – Authorized: 300,000 shares in 2019 and 2018, respectively, issued and outstanding: 172,440 and 170,820 shares in 2019 and 2018, respectively 345,000 342,000
Additional paid-in capital 639,372,000 529,208,000
Retained earnings 753,268,000 646,214,000
Accumulated other comprehensive loss, net of tax (37,275,000) (40,501,000)
Total shareholders’ equity 1,355,710,000 1,135,263,000
Total liabilities and shareholders' equity $ 1,885,935,000 $ 1,289,667,000