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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 91,985 $ 93,430
Short-term investments 422,137 484,345
Accounts receivable 139,850 92,664
Inventory 175,795 183,220
Other current assets 87,365 45,791
Total current assets 917,132 899,450
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $143,908 and $117,118 175,150 143,445
ACQUIRED TECHNOLOGY, net of accumulated amortization of $186,850 and $189,671 90,325 [1] 38,382
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $10,414 and $8,989 6,874 8,247
GOODWILL 15,535 15,535
INVESTMENTS 299,548 259,861
DEFERRED INCOME TAXES 59,108 58,161
OTHER ASSETS 105,289 109,739
TOTAL ASSETS 1,668,961 1,532,820
CURRENT LIABILITIES:    
Accounts payable 10,933 9,519
Accrued expenses 52,080 51,002
Deferred revenue 47,713 45,599
Other current liabilities 8,096 29,577
Total current liabilities 118,822 135,697
DEFERRED REVENUE 12,006 18,279
RETIREMENT PLAN BENEFIT LIABILITY 52,249 59,790
OTHER LIABILITIES 38,658 43,685
Total liabilities 221,735 257,451
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, 48,731,026and 49,136,030 shares issued, and 47,365,378 and 47,770,382 share outstanding at December 31, 2023 and December 31, 2022, respectively 487 491
Additional paid-in capital 699,554 681,335
Retained earnings 789,553 653,277
Accumulated other comprehensive loss (1,086) (18,452)
Treasury stock, at cost (1,365,648 shares at December 31, 2023 and December 31, 2022) (41,284) (41,284)
Total shareholders’ equity 1,447,226 1,275,369
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,668,961 $ 1,532,820
[1] During the year ended December 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.