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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 480,368 $ 346,441
Marketable securities 2,654 2,614
Accounts and other receivable, net 235,178 246,564
Inventories 221,346 230,019
Income taxes receivable 4,804 4,245
Other current assets 35,899 36,855
Total current assets 980,249 866,738
Property and equipment, net 114,731 108,109
Operating lease right-of-use assets 103,858 105,404
Deposits and other assets 19,101 22,556
Goodwill 209,983 202,932
Intangible assets, net 168,939 184,011
Deferred income tax assets 50,801 42,656
TOTAL ASSETS 1,647,662 1,532,406
Current liabilities:    
Accounts payable 125,224 170,671
Income taxes payable 11,850 9,687
Accrued payroll and employee benefits 63,487 51,545
Other accrued expenses 49,565 41,691
Customer deposits and other 12,179 10,926
Current portion of long-term debt 17,500 17,500
Current portion of operating lease liabilities 16,592 18,312
Total current liabilities 296,397 320,332
Long-term debt 304,546 321,527
Operating lease liabilities 95,993 90,538
Pension benefits 80,447 68,169
Deferred income tax liabilities 10,088 9,952
Uncertain tax positions 12,839 16,055
Long-term deferred revenue 7,352 8,011
Other long-term liabilities 24,660 20,562
Total liabilities 832,322 855,146
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; 38,293 and 38,358 issued and outstanding on December 31, 2020 and December 31, 2019, respectively 38 38
Additional paid-in capital 105,009 104,849
Accumulated other comprehensive loss (2,605) (5,897)
Retained earnings 712,297 577,724
Advanced Energy stockholders' equity 814,739 676,714
Noncontrolling interest 601 546
Total stockholders' equity 815,340 677,260
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,647,662 $ 1,532,406