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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 03, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 235,608 $ 471,540
Restricted Cash, Current 25,130 0
Accounts receivable, net 176,565 156,492
Contract assets 131,061 121,614
Contract costs, current portion 7,132 6,052
Inventories 207,340 156,353
Income tax refunds receivable 11,418 8,069
Other current assets 14,687 16,368
Total current assets 808,941 936,488
Property, plant and equipment, net of accumulated depreciation of $223,553 and $210,549, respectively 218,202 140,450
Operating Lease, Right-of-Use Asset 13,732 15,159
Goodwill 304,768 195,314
Other intangible assets, net 141,630 53,439
Deferred income taxes 30,176 35,240
Contract costs, noncurrent portion 5,861 6,099
Other assets 36,774 36,754
Total assets 1,560,084 1,418,943
Current liabilities:    
Accounts payable – trade 58,267 70,884
Accrued salaries and wages 49,727 43,220
Contract liabilities, current portion 43,739 42,942
Operating Lease, Liability, Current 4,535 4,306
Income taxes payable 2,302 4,722
Other current liabilities 39,573 37,918
Total current liabilities 198,143 203,992
Long-term debt, excluding current portion, net of debt issuance costs 384,609 181,622
Deferred income taxes 6,723 6,994
Underfunded pension 78,782 97,246
Contract liabilities, noncurrent portion 26,056 37,855
Operating Lease, Liability, Noncurrent 9,940 11,617
Other Liabilities, Noncurrent 52,435 56,415
Commitments and contingencies (Note 14)
Shareholders' equity:    
Preferred stock, $1 par value, 200,000 shares authorized; none outstanding 0 0
Common stock, $1 par value, 50,000,000 shares authorized; voting; 30,214,005 and 30,058,455 shares issued, respectively 30,214 30,058
Additional paid-in capital 235,195 228,153
Retained earnings 809,769 820,666
Accumulated other comprehensive income (loss) (151,210) (150,893)
Less 2,554,617 and 2,219,332 shares of common stock, respectively, held in treasury, at cost (120,572) (104,782)
Total shareholders’ equity 803,396 823,202
Total liabilities and shareholders’ equity 1,560,084 1,418,943
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment $ 223,553 $ 210,549
Preferred stock, par value (in usd per share) $ 1 $ 1
Preferred stock, shares authorized (in shares) 200,000 200,000
Preferred Stock, Shares Outstanding 0 0
Common stock, par value (in usd per share) $ 1 $ 1
Common stock, shares authorized (in shares) 50,000,000 50,000,000
Common stock, shares issued (in shares) 30,214,005 30,058,455
Common stock held in treasury, at cost (in shares) 2,554,617 2,219,332