XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 509,910 $ 480,368
Marketable securities 2,854 2,654
Accounts and other receivable, net 236,916 235,178
Inventories 247,567 221,346
Income taxes receivable 5,321 4,804
Other current assets 37,514 35,899
Total current assets 1,040,082 980,249
Property and equipment, net 112,842 114,731
Operating lease right-of-use assets 100,924 103,858
Deposits and other assets 17,740 19,101
Goodwill 207,994 209,983
Intangible assets, net 169,389 168,939
Deferred income tax assets 50,280 50,801
TOTAL ASSETS 1,699,251 1,647,662
Current liabilities:    
Accounts payable 162,616 125,224
Income taxes payable 15,586 11,850
Accrued payroll and employee benefits 44,611 63,487
Other accrued expenses 57,943 49,565
Customer deposits and other 13,271 12,179
Current portion of long-term debt 17,500 17,500
Current portion of operating lease liabilities 15,346 16,592
Total current liabilities 326,873 296,397
Long-term debt 300,297 304,546
Operating lease liabilities 94,184 95,993
Pension benefits 78,982 80,447
Deferred income tax liabilities 9,672 10,088
Uncertain tax positions 12,993 12,839
Long-term deferred revenue 7,123 7,352
Other long-term liabilities 22,852 24,660
Total liabilities 852,976 832,322
Commitments and contingencies (Note 17)
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; 38,386 and 38,293 issued and outstanding at March 31, 2021 and December 31, 2020, respectively 38 38
Additional paid-in capital 106,065 105,009
Accumulated other comprehensive loss (7,573) (2,605)
Retained earnings 747,111 712,297
Advanced Energy stockholders' equity 845,641 814,739
Noncontrolling interest 634 601
Total stockholders' equity 846,275 815,340
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,699,251 $ 1,647,662