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CONSOLIDATED AND COMBINED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 27, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 253,670 $ 102,003
Trade receivables, less allowance for credit losses of $24,637 and $25,477 420,938 385,198
Inventories, net 422,654 392,858
Prepaid expenses 58,732 61,771
Other current assets 65,517 55,890
Total current assets 1,221,511 997,720
Property, plant and equipment, net 296,437 294,305
Goodwill 1,667,878 1,588,331
Intangible assets, net 499,789 499,535
Lease assets - right of use 94,413 95,607
Other assets 304,506 353,131
Total assets 4,084,534 3,828,629
CURRENT LIABILITIES:    
Accounts payable 320,252 306,593
Accrued liabilities 316,819 313,489
Total current liabilities 637,071 620,082
Long-term debt 1,080,182 1,018,057
Other liabilities 489,556 542,833
Total liabilities 2,206,809 2,180,972
Equity:    
Common stock - $0.001 par value - 600,000,000 shares authorized, $60,444,246 and 60,295,634 shares outstanding as of September 27, 2024 and December 31, 2023, respectively 60 60
Additional paid-in capital 1,893,665 1,881,054
Retained earnings 548,300 350,557
Accumulated other comprehensive loss (604,900) (624,272)
Total ESAB Corporation equity 1,837,125 1,607,399
Noncontrolling interest 40,600 40,258
Total equity 1,877,725 1,647,657
Total liabilities and equity $ 4,084,534 $ 3,828,629