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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Apr. 03, 2021
Jan. 02, 2021
Current Assets:    
Cash and cash equivalents $ 65,982 $ 65,682
Restricted cash 726 958
Accounts receivable, net of allowances of $2,797 and $2,977 104,378 91,540
Inventories 112,590 106,814
Unbilled revenue 6,204 7,576
Other current assets 19,874 17,250
Total Current Assets 309,754 289,820
Property, Plant, and Equipment, net of accumulated depreciation of $109,426 and $107,832 82,204 84,642
Other Assets 39,669 40,391
Intangible Assets, Net 155,534 160,965
Goodwill 348,504 351,753
Total Assets 935,665 927,571
Current Liabilities:    
Current maturities of long-term obligations (Note 4) 1,417 1,474
Accounts payable 38,988 32,264
Accrued payroll and employee benefits 25,525 31,168
Customer deposits 37,434 29,433
Advanced billings 9,801 8,513
Other current liabilities 33,429 31,836
Total Current Liabilities 146,594 134,688
Long-Term Obligations (Note 4) 221,067 232,000
Other Long-Term Liabilities 63,696 63,978
Commitments and Contingencies (Note 10)
Stockholders' Equity:    
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued 0 0
Common stock, $.01 par value, 150,000,000 shares authorized; 14,624,159 shares issued 146 146
Capital in excess of par value 108,064 110,824
Retained earnings 493,067 479,400
Treasury stock at cost, 3,046,379 and 3,081,919 shares (74,649) (75,519)
Accumulated other comprehensive items (Note 6) (24,040) (19,492)
Total Kadant Stockholders' Equity 502,588 495,359
Noncontrolling interest 1,720 1,546
Total Stockholders' Equity 504,308 496,905
Total Liabilities and Stockholders' Equity $ 935,665 $ 927,571