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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 1,458,442 $ 1,027,567
Marketable securities (Note 3) 387,642 376,463
Accounts receivable, less allowance for doubtful accounts of $11,086 in 2020 and $6,754 in 2019 849,469 706,763
Inventories 762,084 752,908
Deferred costs 20,145 25,105
Prepaid expenses and other current assets 191,569 169,044
Total current assets 3,669,351 3,057,850
Property and equipment, net (Note 2) 855,539 728,921
Operating lease right-of-use assets (Note 14) 94,626 63,589
Restricted cash (Note 4) 306 71
Marketable securities (Note 3) 1,131,175 1,205,475
Deferred income taxes (Note 6) 245,455 268,518
Noncurrent deferred costs 16,510 23,493
Intangible assets, net 828,566 659,629
Other assets 189,845 159,253
Total assets 7,031,373 6,166,799
Current liabilities:    
Accounts payable 258,885 240,831
Salaries and benefits payable 181,937 128,426
Accrued warranty costs 42,643 39,758
Accrued sales program costs 109,891 112,578
Deferred revenue 86,865 94,562
Accrued advertising expense 31,950 35,142
Other accrued expenses 149,817 110,461
Income taxes payable 68,585 56,913
Dividend payable 233,644 217,262
Total current liabilities 1,164,217 1,035,933
Deferred income taxes (Note 6) 116,844 114,754
Noncurrent income taxes 92,810 105,771
Noncurrent deferred revenue 49,934 67,329
Noncurrent operating lease liabilities 75,958 49,238
Other liabilities 15,494 278
Stockholders’ equity:    
Shares, CHF 0.10 par value, 198,077 shares authorized and issued, 191,571 shares outstanding at December 26, 2020; and 190,686 shares outstanding at December 28, 2019; (Notes 9, 10, and 11): 17,979 17,979
Additional paid-in capital 1,880,354 1,835,622
Treasury stock (320,016) (345,040)
Retained earnings 3,754,372 3,229,061
Accumulated other comprehensive income 183,427 55,874
Total stockholders’ equity 5,516,116 4,793,496
Total liabilities and stockholders’ equity $ 7,031,373 $ 6,166,799