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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 553,354 $ 757,571
Marketable securities 46,312 62,154
Accounts receivable, less allowance for credit losses of $2,111 and $1,988 in 2024 and 2023, respectively 471,426 422,124
Inventories, net 298,492 309,974 [1]
Prepayments 429,086 548,970 [2]
Other current assets 17,727 37,992
Current assets held for sale 0 23,250
Total current assets 1,816,397 2,162,035
Property, plant and equipment, net 508,171 445,492 [3]
Operating lease right-of-use assets, net 70,185 73,417
Marketable securities 124,121 117,434
Deferred tax assets 222,438 175,775
Retirement plans assets 11,994 11,504
Equity Method Investment 494,494 0
Other assets 49,620 38,580
Acquired intangible assets, net 15,927 35,404
Goodwill 395,367 415,652
Long-term assets held for sale 0 11,531
Total assets [4] 3,708,714 3,486,824
Current liabilities:    
Accounts payable 134,792 180,131
Accrued employees' compensation and withholdings 204,991 191,750
Deferred revenue and customer advances 107,710 99,804
Other accrued liabilities 90,777 114,712
Operating lease liabilities 18,699 17,522
Income taxes payable 67,610 48,653
Current liabilities held for sale 0 7,379
Total current liabilities 624,579 659,951
Retirement plans liabilities 133,338 132,090
Long-term deferred revenue and customer advances 40,505 37,282
Deferred tax liabilities 1,038 183
Long-term other accrued liabilities 7,442 19,998
Long-term operating lease liabilities 57,922 65,092
Long-term incomes taxes payable 24,596 44,331
Long-term liabilities held for sale 0 2,000
Total liabilities 889,420 960,927
Commitments and contingencies (Note N)
SHAREHOLDERS' EQUITY    
Common stock, $0.125 par value, 1,000,000 shares authorized, 161,722 and 152,698 shares issued and outstanding at December 31, 2024 and 2023, respectively 20,215 19,087
Additional paid-in capital 1,909,538 1,827,274
Accumulated other comprehensive loss (81,220) (26,978)
Retained earnings 970,761 706,514
Total shareholders' equity 2,819,294 2,525,897
Total liabilities and shareholders' equity $ 3,708,714 $ 3,486,824
[1] 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 of contract manufacturer and supplier prepayments, classified as assets held for sale. See Note E: "Dispositions" for additional information.
[3] Excludes $9.0 million of property, plant and equipment, net classified as assets held for sale. See Note E: "Dispositions" for additional information.
[4] Total assets are attributable to each segment. In 2023, Semiconductor Test includes $34.8 million of total assets classified as assets held for sale. See Note E: "Dispositions" for additional information. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.