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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 74,012 $ 91,985
Short-term investments 465,293 422,137
Accounts receivable 119,584 139,850
Inventory 172,905 175,795
Other current assets 89,478 87,365
Total current assets 921,272 917,132
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $149,062 and $143,908 175,896 175,150
ACQUIRED TECHNOLOGY, net of accumulated amortization of $191,043 and $186,850 86,132 90,325
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $10,769 and $10,414 6,519 6,874
GOODWILL 15,535 15,535
INVESTMENTS 312,939 299,548
DEFERRED INCOME TAXES 63,040 59,108
OTHER ASSETS 102,382 105,289
TOTAL ASSETS 1,683,715 1,668,961
CURRENT LIABILITIES:    
Accounts payable 12,841 10,933
Accrued expenses 42,099 52,080
Deferred revenue 19,157 47,713
Other current liabilities 20,882 8,096
Total current liabilities 94,979 118,822
DEFERRED REVENUE 13,292 12,006
RETIREMENT PLAN BENEFIT LIABILITY 52,568 52,249
OTHER LIABILITIES 37,976 38,658
Total liabilities 198,815 221,735
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, 48,804,964 and 48,731,026 shares issued, and 47,439,316 and 47,365,378 shares outstanding, at March 31, 2024 and December 31, 2023, respectively 488 487
Additional paid-in capital 702,609 699,554
Retained earnings 826,879 789,553
Accumulated other comprehensive loss (3,794) (1,086)
Treasury stock, at cost (1,365,648 shares at March 31, 2024 and December 31, 2023) (41,284) (41,284)
Total shareholders’ equity 1,484,900 1,447,226
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,683,715 $ 1,668,961