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Supplemental Balance Sheet Information
6 Months Ended
Jul. 01, 2017
Supplemental Balance Sheet Information [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
SUPPLEMENTAL BALANCE SHEET INFORMATION
The composition of trade receivables, net is as follows:
 
July 1, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
Client receivables
$
306,238

 
$
283,997

Unbilled revenue
94,515

 
82,203

Total
400,753

 
366,200

Less: Allowance for doubtful accounts
(2,206
)
 
(2,150
)
Trade receivables, net
$
398,547

 
$
364,050



The composition of inventories is as follows:
 
July 1, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
Raw materials and supplies
$
18,319

 
$
18,893

Work in process
14,774

 
13,681

Finished products
71,597

 
63,259

Inventories
$
104,690

 
$
95,833


The composition of other current assets is as follows:
 
July 1, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
Investments
$
23,476

 
$
3,771

Prepaid income taxes
43,649

 
40,705

Restricted cash
568

 
532

Other current assets
$
67,693

 
$
45,008


The composition of other assets is as follows:
 
July 1, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
Life insurance policies
$
31,529

 
$
29,456

Venture capital investments
54,857

 
45,331

Restricted cash
1,986

 
1,736

Other
12,760

 
11,907

Other assets
$
101,132

 
$
88,430


The composition of other current liabilities is as follows:
 
July 1, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
Accrued income taxes
$
26,425

 
$
25,621

Other
937

 
879

Other current liabilities
$
27,362

 
$
26,500


The composition of other long-term liabilities is as follows:
 
July 1, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
Long-term pension liability
$
91,287

 
$
89,984

Accrued executive supplemental life insurance retirement plan and deferred compensation plan
33,538

 
32,880

Other
38,974

 
36,375

Other long-term liabilities
$
163,799

 
$
159,239