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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Apr. 02, 2022
Jan. 01, 2022
Current Assets:    
Cash and cash equivalents $ 86,192 $ 91,186
Restricted cash (Note 1) 2,779 2,975
Accounts receivable, net of allowances of $3,067 and $2,735 125,919 117,209
Inventories 143,583 134,356
Contract assets 8,978 8,626
Other current assets 24,825 29,530
Total Current Assets 392,276 383,882
Property, Plant, and Equipment, net of accumulated depreciation of $116,911 and $114,032 105,851 107,989
Other Assets 59,299 44,111
Intangible Assets, Net 192,426 199,343
Goodwill 394,414 396,887
Total Assets 1,144,266 1,132,212
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations (Note 5) 4,893 5,356
Accounts payable 67,762 59,250
Accrued payroll and employee benefits 30,690 37,203
Customer deposits 62,432 59,262
Advanced billings 9,599 11,894
Other current liabilities 42,204 48,532
Total Current Liabilities 217,580 221,497
Long-Term Obligations (Note 5) 242,963 264,158
Long-Term Deferred Income Taxes 39,336 34,944
Other Long-Term Liabilities 44,649 45,997
Commitments and Contingencies (Note 11)
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 112,651 115,888
Retained earnings 590,009 551,848
Treasury stock at cost, 2,964,786 and 3,003,419 shares (72,649) (73,596)
Accumulated other comprehensive items (Note 7) (32,302) (30,350)
Total Kadant Stockholders' Equity 597,855 563,936
Noncontrolling interest 1,883 1,680
Total Stockholders' Equity 599,738 565,616
Total Liabilities and Stockholders' Equity $ 1,144,266 $ 1,132,212