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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and Cash Equivalents, at Carrying Value $ 297,795 $ 284,592
Accounts receivable, net 353,561 318,652
Inventories 472,237 388,762
Prepaid expenses and other current assets 104,646 116,728
Total current assets 1,228,239 1,108,734
Property and equipment, net 267,682 255,905
Deferred income taxes, net 36,210 39,983
Goodwill 1,394,364 1,364,596
Intangible assets, net 209,636 247,514
Other assets 116,217 120,809
Total assets 3,252,348 3,137,541
Current liabilities:    
Accounts payable 157,592 158,033
Accrued payroll and related liabilities 98,911 72,476
Accrued product warranties 17,019 14,611
Contract With Customer, Liability, Customer Advances, Current 10,940 28,005
Contract With Customer, Liability, Deferred Revenue, Current 25,862 28,587
Accrued expenses 41,347 40,815
Accrued income taxes 28,941 14,735
Other current liabilities 44,053 27,349
Line of Credit, Current 0 16,000
Long-term debt, current portion 13,473 12,444
Total current liabilities 438,138 413,055
Long-term debt, net of current portion 724,919 648,419
Deferred income taxes 43,708 53,544
Accrued income taxes 60,248 55,514
Other Liabilities, Noncurrent 101,961 95,576
Commitments and contingencies (Notes 13 and 14)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 10,000 shares authorized; no shares issued at December 31, 2020 or 2019 0 0
Common stock, $0.01 par value; 500,000 shares authorized; 131,360 and 134,394 shares issued, 131,153 and 134,394 shares outstanding at December 31, 2020 and 2019, respectively, and additional paid-in capital 31,767 16,692
Retained earnings 2,017,097 2,020,686
Treasury Stock, Carrying Basis 7,504 0
Accumulated other comprehensive loss (157,986) (165,945)
Total shareholders’ equity 1,883,374 1,871,433
Total liabilities and shareholders' equity $ 3,252,348 $ 3,137,541