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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 707,403 $ 757,571
Marketable securities 41,300 62,154
Accounts receivable, less allowance for credit losses of $1,947 and $1,988 at March 31, 2024 and December 31, 2023, respectively 426,333 422,124
Inventories, net [1] 314,232 309,974
Prepayments [2] 537,642 548,970
Other current assets 16,057 37,992
Current assets held for sale 22,426 23,250
Total current assets 2,065,393 2,162,035
Property, plant and equipment, net 457,248 445,492
Operating lease right-of-use assets, net 74,625 73,417
Marketable securities 121,905 117,434
Deferred tax assets 185,734 175,775
Retirement plans assets 11,449 11,504
Other assets 45,098 38,580
Acquired intangible assets, net 30,234 35,404
Goodwill 407,576 415,652
Long-term assets held for sale 11,458 11,531
Total assets 3,410,720 [3] 3,486,824
Current liabilities:    
Accounts payable 153,873 180,131
Accrued employees' compensation and withholdings 121,144 191,750
Deferred revenue and customer advances 100,058 99,804
Other accrued liabilities 101,275 114,712
Operating lease liabilities 17,400 17,522
Income taxes payable 55,922 48,653
Current liabilities held for sale 4,687 7,379
Total current liabilities 554,359 659,951
Retirement plans liabilities 134,878 132,090
Long-term deferred revenue and customer advances 35,044 37,282
Long-term other accrued liabilities 16,653 19,998
Deferred tax liabilities 134 183
Long-term operating lease liabilities 65,554 65,092
Long-term incomes taxes payable 44,331 44,331
Long-term liabilities held for sale 1,938 2,000
Total liabilities 852,891 960,927
Commitments and contingencies (Note Q)
SHAREHOLDERS' EQUITY    
Common stock, $0.125 par value, 1,000,000 shares authorized; 153,757 and 152,698 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 19,220 19,087
Additional paid-in capital 1,848,088 1,827,274
Accumulated other comprehensive loss (39,739) (26,978)
Retained earnings 730,260 706,514
Total shareholders' equity 2,557,829 2,525,897
Total liabilities and shareholders' equity $ 3,410,720 $ 3,486,824
[1] Inventories, net at March 31, 2024 and December 31, 2023 excludes $19.3 million and $18.0 million, respectively, of primarily work-in-process inventories, net classified as assets held for sale. See Note E: "Assets held for sale" for additional information.
[2] Excludes $3.2 million and $5.3 million at March 31, 2024 and December 31, 2023, respectively, of contract manufacturer and supplier prepayments, classified as assets held for sale. See Note E: “Assets held for sale” for additional information.
[3] Total assets are attributable to each segment. Semiconductor Test includes $33.9 million of total assets classified as assets held for sale. See Note E: "Assets held for sale" for additional information. Corporate assets consist of cash and cash equivalents, marketable securities, and certain other assets.