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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 269,073,000 $ 171,431,000
Current investments, amortized cost of $102,258 and $235,610 in 2020 and 2019, respectively, allowance for credit losses of $0 in 2020 and 2019 103,240,000 240,470,000
Accounts receivable, allowance for credit losses of $831 and $530 in 2020 and 2019, respectively 125,696,000 103,447,000
Unbilled revenue 5,632,000 4,782,000
Inventories 60,830,000 60,261,000
Prepaid expenses and other current assets 37,220,000 26,840,000
Total current assets 601,691,000 607,231,000
Non-current investments, amortized cost of $390,417 and $431,633 in 2020 and 2019, respectively, allowance for credit losses of $0 in 2020 and 2019 395,125,000 433,452,000
Property, plant, and equipment, net 79,173,000 89,443,000
Operating lease assets 22,582,000 17,522,000
Goodwill 244,078,000 243,445,000
Intangible Assets, Net (Excluding Goodwill) 15,555,000 39,490,000
Deferred income taxes 434,704,000 449,519,000
Other assets 7,794,000 5,833,000
Total assets 1,800,702,000 1,885,935,000
Current liabilities:    
Accounts payable 16,270,000 17,866,000
Accrued expenses 77,264,000 52,199,000
Accrued income taxes 9,379,000 30,333,000
Deferred revenue and customer deposits 21,274,000 14,432,000
Operating lease liabilities 8,110,000 5,647,000
Total current liabilities 132,297,000 120,477,000
Non-current operating lease liabilities 18,120,000 12,326,000
Deferred income taxes 314,952,000 332,344,000
Reserve for income taxes 14,257,000 11,563,000
Non-current accrued income taxes 48,915,000 51,113,000
Other liabilities 9,959,000 2,402,000
Total liabilities 538,500,000 530,225,000
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock, $.01 par value - Authorized: 400 shares in 2020 and 2019, respectively, no shares issued and outstanding 0 0
Common stock, $.002 par value – Authorized: 300,000 shares in 2020 and 2019, respectively, issued and outstanding: 175,790 and 172,440 shares in 2020 and 2019, respectively 352,000 345,000
Additional paid-in capital 807,739,000 639,372,000
Retained earnings 487,912,000 753,268,000
Accumulated other comprehensive loss, net of tax (33,801,000) (37,275,000)
Total shareholders’ equity 1,262,202,000 1,355,710,000
Total liabilities and shareholders' equity $ 1,800,702,000 $ 1,885,935,000