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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 02, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 120,724 $ 104,377
Restricted Cash, Current 0 25,121
Accounts receivable, net 102,328 153,806
Contract assets 114,601 108,645
Contract costs, current portion 5,050 3,511
Inventories 197,303 185,072
Income tax refunds receivable 4,851 5,269
Other current assets 12,628 12,173
Total current assets 557,485 597,974
Property, plant and equipment, net of accumulated depreciation of $233,534 and $228,984, respectively 207,145 210,852
Operating Lease, Right-of-Use Asset 12,048 12,880
Goodwill 243,688 247,244
Other intangible assets, net 146,626 150,198
Deferred income taxes 37,540 39,809
Contract costs, noncurrent portion 7,205 8,311
Other assets 39,000 39,125
Total assets 1,250,737 1,306,393
Current liabilities:    
Accounts payable – trade 45,887 60,200
Accrued salaries and wages 40,306 70,552
Contract liabilities, current portion 32,622 39,073
Operating Lease, Liability, Current 4,057 4,305
Income taxes payable 1,203 19
Other current liabilities 35,722 36,177
Total current liabilities 159,797 228,412
Long-term debt, excluding current portion, net of debt issuance costs 186,378 185,401
Deferred income taxes 7,205 7,381
Underfunded pension 63,185 69,610
Contract liabilities, noncurrent portion 12,120 11,019
Operating Lease, Liability, Noncurrent 8,632 9,325
Other Liabilities, Noncurrent 46,201 47,636
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; 30,370,157 and 30,278,668 shares issued, respectively 30,370 30,279
Additional paid-in capital 241,444 238,829
Retained earnings 730,913 728,764
Accumulated other comprehensive income (loss) (114,466) (130,821)
Less 2,564,358 and 2,555,785 shares of common stock, respectively, held in treasury, at cost (121,042) (120,613)
Total shareholders’ equity 767,219 746,438
Total liabilities and shareholders’ equity $ 1,250,737 $ 1,306,393