Condensed Consolidated Balance Sheet (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 76,793	$ 76,371
Restricted cash	2,260	3,354
Accounts receivable, net of allowances of $4,024 and $3,595	140,075	130,297
Inventories	164,346	163,672
Contract assets	12,113	14,898
Other current assets	40,535	26,818
Total Current Assets	436,122	415,410
Property, Plant, and Equipment, net of accumulated depreciation of $128,416 and $121,442	128,738	118,855
Other Assets	43,893	54,516
Intangible Assets, Net	161,034	175,645
Goodwill	384,317	385,455
Total Assets	1,154,104	1,149,881
Current Liabilities:
Short-term obligations and current maturities of long-term obligations (Note 5)	3,116	3,821
Accounts payable	44,286	58,060
Accrued payroll and employee benefits	37,226	35,672
Customer deposits	67,090	64,361
Advanced billings	10,498	7,966
Other current liabilities	51,348	43,581
Total Current Liabilities	213,564	213,461
Long-Term Obligations (Note 5)	126,123	197,340
Long-Term Deferred Income Taxes	37,805	38,745
Other Long-Term Liabilities	42,695	44,764
Commitments and Contingencies (Note 11)
Stockholders' Equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued	0	0
Common stock, $.01 par value, 150,000,000 shares authorized; 14,624,159 shares issued	146	146
Capital in excess of par value	122,444	119,924
Retained earnings	739,133	660,644
Treasury stock at cost, 2,917,063 and 2,949,997 shares	(71,480)	(72,287)
Accumulated other comprehensive items (Note 7)	(58,591)	(54,578)
Total Kadant Stockholders' Equity	731,652	653,849
Noncontrolling interest	2,265	1,722
Total Stockholders' Equity	733,917	655,571
Total Liabilities and Stockholders' Equity	$ 1,154,104	$ 1,149,881