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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 507,176 $ 480,368
Marketable securities 2,828 2,654
Accounts and other receivable, net 243,353 235,178
Inventories 296,739 221,346
Income taxes receivable 15,075 4,804
Other current assets 38,815 35,899
Total current assets 1,103,986 980,249
Property and equipment, net 115,160 114,731
Operating lease right-of-use assets 101,419 103,858
Deposits and other assets 18,646 19,101
Goodwill 214,211 209,983
Intangible assets, net 170,914 168,939
Deferred income tax assets 51,896 50,801
TOTAL ASSETS 1,776,232 1,647,662
Current liabilities:    
Accounts payable 206,723 125,224
Income taxes payable 12,770 11,850
Accrued payroll and employee benefits 49,375 63,487
Other accrued expenses 55,423 49,565
Customer deposits and other 20,065 12,179
Current portion of long-term debt 17,500 17,500
Current portion of operating lease liabilities 15,540 16,592
Total current liabilities 377,396 296,397
Long-term debt, net 296,045 304,546
Operating lease liabilities 95,034 95,993
Pension benefits 79,077 80,447
Deferred income tax liabilities 9,702 10,088
Uncertain tax positions 12,256 12,839
Long-term deferred revenue 6,900 7,352
Other long-term liabilities 23,216 24,660
Total liabilities 899,626 832,322
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; 38,381 and 38,293 issued and outstanding at June 30, 2021 and December 31, 2020, respectively 38 38
Additional paid-in capital 103,795 105,009
Accumulated other comprehensive loss (6,538) (2,605)
Retained earnings 778,646 712,297
Advanced Energy stockholders' equity 875,941 814,739
Noncontrolling interest 665 601
Total stockholders' equity 876,606 815,340
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,776,232 $ 1,647,662