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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 428,977 $ 346,441
Marketable securities 2,601 2,614
Accounts and other receivable, net 240,147 246,564
Inventories 257,374 230,019
Income taxes receivable 13,042 4,245
Other current assets 36,335 36,855
Total current assets 978,476 866,738
Property and equipment, net 109,975 108,109
Operating lease right-of-use assets 108,810 105,404
Deposits and other assets 19,313 22,556
Goodwill 206,559 202,932
Intangible assets, net 169,250 184,011
Deferred income tax assets 50,136 42,656
TOTAL ASSETS 1,642,519 1,532,406
Current liabilities:    
Accounts payable 159,332 170,671
Income taxes payable 14,074 9,687
Accrued payroll and employee benefits 67,757 51,545
Other accrued expenses 46,282 41,691
Customer deposits and other 14,332 10,926
Current portion of long-term debt 17,500 17,500
Current portion of operating lease liabilities 17,243 18,312
Total current liabilities 336,520 320,332
Long-term debt 308,794 321,527
Operating lease liabilities 97,604 90,538
Pension benefits 70,156 68,169
Deferred income tax liabilities 10,128 9,952
Uncertain tax positions 16,686 16,055
Long-term deferred revenue 7,357 8,011
Other long-term liabilities 26,541 20,562
Total liabilities 873,786 855,146
Commitments and contingencies (Note 19)
Stockholders' equity:    
Preferred stock, $0.001 par value, 1,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 70,000 shares authorized; 38,272 and 38,358 issued and outstanding at September 30, 2020 and December 31, 2019, respectively 38 38
Additional paid-in capital 101,485 104,849
Accumulated other comprehensive loss (3,827) (5,897)
Retained earnings 670,456 577,724
Advanced Energy stockholders' equity 768,152 676,714
Noncontrolling interest 581 546
Total stockholders' equity 768,733 677,260
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,642,519 $ 1,532,406