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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current Assets:    
Cash and cash equivalents $ 76,540 $ 91,186
Restricted cash (Note 1) 1,486 2,975
Accounts receivable, net of allowances of $2,980 and $2,735 124,704 117,209
Inventories 156,426 134,356
Contract assets 11,861 8,626
Other current assets 22,975 29,530
Total Current Assets 393,992 383,882
Property, Plant, and Equipment, net of accumulated depreciation of $116,612 and $114,032 105,919 107,989
Other Assets 56,666 44,111
Intangible Assets, Net 183,317 199,343
Goodwill 384,109 396,887
Total Assets 1,124,003 1,132,212
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations (Note 5) 4,543 5,356
Accounts payable 55,924 59,250
Accrued payroll and employee benefits 31,688 37,203
Customer deposits 66,088 59,262
Advanced billings 11,663 11,894
Other current liabilities 43,065 48,532
Total Current Liabilities 212,971 221,497
Long-Term Obligations (Note 5) 223,769 264,158
Long-Term Deferred Income Taxes 36,919 34,944
Other Long-Term Liabilities 44,180 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 114,825 115,888
Retained earnings 613,146 551,848
Treasury stock at cost, 2,962,186 and 3,003,419 shares (72,586) (73,596)
Accumulated other comprehensive items (Note 7) (51,379) (30,350)
Total Kadant Stockholders' Equity 604,152 563,936
Noncontrolling interest 2,012 1,680
Total Stockholders' Equity 606,164 565,616
Total Liabilities and Stockholders' Equity $ 1,124,003 $ 1,132,212