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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 30,477 $ 45,516
Accounts receivable, less allowance for doubtful accounts of $1,683 and $2,030 in 2018 and 2017, respectively 163,740 160,580
Costs and estimated earnings on long-term contracts, less progress billings of $27,636 and $64,099 in 2018 and 2017, respectively 53,034 47,286
Inventories, net 135,416 124,515
Other current assets 13,356 14,895
Total current assets 396,023 392,792
Property, plant and equipment:    
Land and land improvements 9,944 9,964
Buildings and leasehold improvements 92,418 88,469
Machinery and equipment 141,711 129,366
Construction in progress 6,609 4,599
Property, Plant and Equipment, Gross 250,682 232,398
Less accumulated depreciation and amortization (115,728) (99,650)
Net property, plant and equipment 134,954 132,748
Intangible assets, net 345,353 351,134
Goodwill 381,652 377,879
Other assets 7,140 5,891
Total Assets 1,265,122 1,260,444
Current liabilities:    
Current maturities of long-term debt 20,000 20,000
Accounts payable 63,033 54,789
Advance payments on long-term contracts, less costs incurred of $26,693 and $59,772 in 2018 and 2017, respectively 19,467 22,451
Accrued salaries 29,379 32,259
Current portion of deferred revenue 29,568 28,583
Accrued other expenses 39,083 36,887
Total current liabilities 200,530 194,969
Pension obligations 16,286 30,223
Deferred tax liabilities 64,794 86,378
Other liabilities 24,102 21,956
Long-term debt 200,000 255,000
Total liabilities 505,712 588,526
Shareholders' equity:    
Preferred stock, par value $.01 per share, authorized 10,000,000 shares
Common stock, par value $.01 per share, authorized 50,000,000 shares; issued 30,534,786 and 30,468,824 shares in 2018 and 2017, respectively 305 305
Additional paid-in capital 291,190 289,785
Retained earnings 606,837 516,718
Accumulated other comprehensive loss, net of tax (31,528) (27,308)
Total stockholders' equity before Treasury Stock 866,804 779,500
Less treasury stock, at cost (4,623,958 and 4,635,622 common shares in 2018 and 2017, respectively) (107,394) (107,582)
Total shareholders' equity 759,410 671,918
Total Liabilities and Shareholders' Equity $ 1,265,122 $ 1,260,444