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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 258,955 $ 191,782
Receivables 93,427 83,507
Inventories:    
Finished goods 35,725 34,764
Work in process 39,011 41,261
Raw materials 83,781 77,649
Total inventories 158,517 153,674
Prepaid expenses and other current assets 18,397 13,214
Total current assets 529,296 442,177
Property, plant and equipment, at cost 231,777 225,988
Less accumulated depreciation (158,498) (152,110)
Net property, plant and equipment 73,279 73,878
Intangible assets, at cost less accumulated amortization 48,957 53,737
Other assets 13,543 11,249
Deferred income taxes 22,785 22,715
Goodwill 115,001 113,163
Total assets 802,861 716,919
Current liabilities:    
Payables 77,381 81,807
Accrued compensation and employee benefits 29,756 29,871
Warranty and after-sale costs 15,660 11,102
Other current liabilities 6,366 9,168
Total current liabilities 129,163 131,948
Long-term deferred revenue 60,879 49,763
Deferred income taxes 5,108 5,061
Accrued non-pension postretirement benefits 3,808 3,614
Other accrued employee benefits 6,704 5,293
Other long-term liabilities 6,014 4,758
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, $1 par, authorized 80,000,000, issued 37,221,098 at September 30, 2024 and December 31, 2023 37,221 37,221
Capital in excess of par value 64,234 59,185
Reinvested earnings 527,080 458,719
Accumulated other comprehensive loss (650) (1,646)
Less: Treasury stock, at cost, 7,810,442 shares at September 30, 2024 and 7,873,781 shares at December 31, 2023 (36,700) (36,997)
Total shareholders’ equity 591,185 516,482
Total liabilities and shareholders’ equity $ 802,861 $ 716,919