Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 372,685	$ 544,372
Accounts and other receivable, net	270,839	237,227
Inventories	395,866	338,410
Other current assets	48,126	42,225
Total current assets	1,087,516	1,162,234
Property and equipment, net	126,793	114,830
Operating lease right-of-use assets	104,191	101,769
Deposits and other assets	29,644	19,669
Goodwill	280,885	212,190
Intangible assets, net	201,778	159,406
Deferred income tax assets	47,267	47,242
TOTAL ASSETS	1,878,074	1,817,340
Current liabilities:
Accounts payable	197,870	193,708
Income taxes payable	22,665	9,226
Accrued payroll and employee benefits	58,478	55,833
Other accrued expenses	45,343	53,445
Customer deposits and other	27,754	22,141
Current portion of long-term debt	20,000	20,000
Current portion of operating lease liabilities	16,911	15,843
Total current liabilities	389,021	370,196
Long-term debt, net	363,001	372,733
Operating lease liabilities	99,099	95,180
Pension benefits	62,228	67,255
Deferred income tax liabilities	8,804	9,921
Other long-term liabilities	31,041	30,559
Total liabilities	953,194	945,844
Commitments and contingencies (Note 17)
Stockholders' equity:
Preferred stock, $0.001 par value, 1,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 70,000 shares authorized; 37,392 and 37,589 issued and outstanding at June 30, 2022 and December 31, 2021, respectively	37	38
Additional paid-in capital	121,982	115,706
Accumulated other comprehensive loss	(5,634)	(1,216)
Retained earnings	807,843	756,323
Advanced Energy stockholders' equity	924,228	870,851
Noncontrolling interest	652	645
Total stockholders' equity	924,880	871,496
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,878,074	$ 1,817,340