XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 158,294 $ 93,430
Short-term Corporate bonds investments 487,812 484,345
Accounts receivable 92,677 92,664
Inventory 174,245 183,220
Other current assets 37,193 45,791
Total current assets 950,221 899,450
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $123,388 and $117,118 145,281 143,445
ACQUIRED TECHNOLOGY, net of accumulated amortization of $174,820 and $189,671 35,843 [1] 38,382
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $9,341 and $8,989 7,947 8,247
GOODWILL 15,535 15,535
INVESTMENTS 213,369 259,861
DEFERRED INCOME TAXES 63,292 58,161
OTHER ASSETS 104,224 109,739
TOTAL ASSETS 1,535,712 1,532,820
CURRENT LIABILITIES:    
Accounts payable 9,741 9,519
Accrued expenses 25,346 51,002
Deferred revenue 37,419 45,599
Other current liabilities 42,451 29,577
Total current liabilities 114,957 135,697
DEFERRED REVENUE 17,843 18,279
RETIREMENT PLAN BENEFIT LIABILITY 60,248 59,790
OTHER LIABILITIES 43,199 43,685
Total liabilities 236,247 257,451
COMMITMENTS AND CONTINGENCIES (Note 18)
SHAREHOLDERS' EQUITY:    
Preferred Stock, par value $0.01 per share,5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) 2 2
Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,697,467 and 49,136,030 shares issued, and 47,331,819 and 47,770,382 shares outstanding, at March 31, 2023 and December 31, 2022, respectively 487 491
Additional paid-in capital 679,390 681,335
Retained earnings 676,347 653,277
Accumulated other comprehensive loss (15,477) (18,452)
Treasury stock, at cost (1,365,648 shares at March 31, 2023 and December 31, 2022) (41,284) (41,284)
Total shareholders’ equity 1,299,465 1,275,369
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,535,712 $ 1,532,820
[1] During the three months ended March 31, 2023, the gross value and accumulated amortization associated with the PD-LD, Inc. and Motorola patent portfolios have been removed from the table as the underlying patents have reached the end of their useful lives.