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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 93,470 $ 93,430
Short-term investments 465,679 484,345
Accounts receivable 109,390 92,664
Inventory 175,855 183,220
Other current assets 33,753 45,791
Total current assets 878,147 899,450
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $130,099 and $117,118 157,566 143,445
ACQUIRED TECHNOLOGY, net of accumulated amortization of $178,459 and $189,671 98,216 [1] 38,382
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $9,696 and $8,989 7,592 8,247
GOODWILL 15,535 15,535
INVESTMENTS 211,361 259,861
DEFERRED INCOME TAXES 70,364 58,161
OTHER ASSETS 102,074 109,739
TOTAL ASSETS 1,540,855 1,532,820
CURRENT LIABILITIES:    
Accounts payable 7,330 9,519
Accrued expenses 35,072 51,002
Deferred revenue 29,732 45,599
Other current liabilities 8,598 29,577
Total current liabilities 80,732 135,697
DEFERRED REVENUE 18,410 18,279
RETIREMENT PLAN BENEFIT LIABILITY 60,707 59,790
OTHER LIABILITIES 42,240 43,685
Total liabilities 202,089 257,451
COMMITMENTS AND CONTINGENCIES (Note 18)
SHAREHOLDERS' EQUITY:    
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) 2 2
Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,706,932 and 49,136,030 shares issued, and 47,341,284 and 47,770,382 shares outstanding, at June 30, 2023 and December 31, 2022, respectively 487 491
Additional paid-in capital 686,501 681,335
Retained earnings 709,372 653,277
Accumulated other comprehensive loss (16,312) (18,452)
Treasury stock, at cost (1,365,648 shares at June 30, 2023 and December 31, 2022) (41,284) (41,284)
Total shareholders’ equity 1,338,766 1,275,369
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,540,855 $ 1,532,820
[1] During the six months ended June 30, 2023, the gross value and accumulated amortization associated with the PD-LD, Inc. and Motorola patent portfolios have been removed from the table as the underlying patents have reached the end of their useful lives.