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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 421,904 $ 757,571
Marketable securities 38,654 62,154
Accounts receivable, less allowance for credit losses of $1,944 and $1,988 at June 30, 2024 and December 31, 2023, respectively 470,297 422,124
Inventories, net [1] 288,748 309,974
Prepayments [2] 515,906 548,970
Other current assets 20,884 37,992
Current assets held for sale 0 23,250
Total current assets 1,756,393 2,162,035
Property, plant and equipment, net 472,457 445,492
Operating lease right-of-use assets, net 72,381 73,417
Marketable securities 123,723 117,434
Deferred tax assets 192,901 175,775
Retirement plans assets 11,293 11,504
Equity method investment 524,060 0
Other assets 47,923 38,580
Acquired intangible assets, net 25,465 35,404
Goodwill 405,110 415,652
Long-term assets held for sale 0 11,531
Total assets 3,631,706 [3] 3,486,824
Current liabilities:    
Accounts payable 160,808 180,131
Accrued employees' compensation and withholdings 161,187 191,750
Deferred revenue and customer advances 102,988 99,804
Other accrued liabilities 108,746 114,712
Operating lease liabilities 18,280 17,522
Income taxes payable 74,365 48,653
Current liabilities held for sale 0 7,379
Total current liabilities 626,374 659,951
Retirement plans liabilities 135,167 132,090
Long-term deferred revenue and customer advances 36,146 37,282
Long-term other accrued liabilities 16,632 19,998
Deferred tax liabilities 96 183
Long-term operating lease liabilities 61,883 65,092
Long-term incomes taxes payable 24,596 44,331
Long-term liabilities held for sale 0 2,000
Total liabilities 900,894 960,927
Commitments and contingencies (Note R)
SHAREHOLDERS' EQUITY    
Common stock, $0.125 par value, 1,000,000 shares authorized; 161,802 and 152,698 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 20,225 19,087
Additional paid-in capital 1,865,351 1,827,274
Accumulated other comprehensive loss (44,104) (26,978)
Retained earnings 889,340 706,514
Total shareholders' equity 2,730,812 2,525,897
Total liabilities and shareholders' equity $ 3,631,706 $ 3,486,824
[1] Inventories, net at December 31, 2023, excludes $18.0 million of primarily work-in-process inventories, net classified as assets held for sale. See Note E: "Dispositions" for additional information.
[2] Excludes $5.3 million at December 31, 2023 of contract manufacturer and supplier prepayments, classified as assets held for sale. See Note E: “Dispositions” for additional information.
[3] Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities, and certain other assets.