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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 79,323 $ 93,430
Short-term investments 412,350 484,345
Accounts receivable 122,192 92,664
Inventory 181,406 183,220
Other current assets 83,444 45,791
Total current assets 878,715 899,450
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $137,020 and $117,118 174,638 143,445
ACQUIRED TECHNOLOGY, net of accumulated amortization of $182,657 and $189,671 94,518 [1] 38,382
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $10,055 and $8,989 7,233 8,247
GOODWILL 15,535 15,535
INVESTMENTS 301,193 259,861
DEFERRED INCOME TAXES 49,637 58,161
OTHER ASSETS 101,447 109,739
TOTAL ASSETS 1,622,916 1,532,820
CURRENT LIABILITIES:    
Accounts payable 20,624 9,519
Accrued expenses 38,500 51,002
Deferred revenue 66,828 45,599
Other current liabilities 5,391 29,577
Total current liabilities 131,343 135,697
DEFERRED REVENUE 8,859 18,279
RETIREMENT PLAN BENEFIT LIABILITY 61,165 59,790
OTHER LIABILITIES 39,183 43,685
Total liabilities 240,550 257,451
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, 48,720,530 and 49,136,030 shares issued, and 47,354,882 and 47,770,382 shares outstanding, at September 30, 2023 and December 31, 2022, respectively 487 491
Additional paid-in capital 693,899 681,335
Retained earnings 744,227 653,277
Accumulated other comprehensive loss (14,965) (18,452)
Treasury stock, at cost (1,365,648 shares at September 30, 2023 and December 31, 2022) (41,284) (41,284)
Total shareholders’ equity 1,382,366 1,275,369
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,622,916 $ 1,532,820
[1] During the nine months ended September 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.