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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 02, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 98,362 $ 104,377
Restricted Cash, Current 0 25,121
Accounts receivable, net 99,361 153,806
Contract assets 114,552 108,645
Contract costs, current portion 3,841 3,511
Inventories 196,133 185,072
Income tax refunds receivable 3,783 5,269
Other current assets 13,194 12,173
Total current assets 529,226 597,974
Property, plant and equipment, net of accumulated depreciation of $240,970 and $228,984, respectively 204,659 210,852
Operating Lease, Right-of-Use Asset 12,075 12,880
Goodwill 244,480 247,244
Other intangible assets, net 144,204 150,198
Deferred income taxes 36,144 39,809
Contract costs, noncurrent portion 8,332 8,311
Other assets 37,545 39,125
Total assets 1,216,665 1,306,393
Current liabilities:    
Accounts payable – trade 36,543 60,200
Accrued salaries and wages 37,782 70,552
Contract liabilities, current portion 17,268 39,073
Operating Lease, Liability, Current 4,005 4,305
Income taxes payable 1,555 19
Disposal Group, Including Discontinued Operation, Liabilities, Current 0 18,086
Other current liabilities 35,183 36,177
Total current liabilities 132,336 228,412
Long-term debt, excluding current portion, net of debt issuance costs 187,358 185,401
Deferred income taxes 7,293 7,381
Underfunded pension 44,754 69,610
Contract liabilities, noncurrent portion 14,324 11,019
Operating Lease, Liability, Noncurrent 8,681 9,325
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 0 1,171
Other Liabilities, Noncurrent 42,707 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; 30,400,125 and 30,278,668 shares issued, respectively 30,400 30,279
Additional paid-in capital 244,546 238,829
Retained earnings 737,203 728,764
Accumulated other comprehensive income (loss) (111,848) (130,821)
Less 2,567,430 and 2,555,785 shares of common stock, respectively, held in treasury, at cost (121,089) (120,613)
Total shareholders’ equity 779,212 746,438
Total liabilities and shareholders’ equity $ 1,216,665 $ 1,306,393