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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Oct. 01, 2022
Jan. 01, 2022
Current Assets:    
Cash and cash equivalents $ 72,936 $ 91,186
Restricted cash (Note 1) 2,178 2,975
Accounts receivable, net of allowances of $3,038 and $2,735 128,253 117,209
Inventories 156,567 134,356
Contract assets 16,064 8,626
Other current assets 24,995 29,530
Total Current Assets 400,993 383,882
Property, Plant, and Equipment, net of accumulated depreciation of $116,292 and $114,032 105,439 107,989
Other Assets 53,748 44,111
Intangible Assets, Net 173,707 199,343
Goodwill 372,966 396,887
Total Assets 1,106,853 1,132,212
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations (Note 5) 1,553 5,356
Accounts payable 53,495 59,250
Accrued payroll and employee benefits 35,912 37,203
Customer deposits 69,394 59,262
Advanced billings 7,958 11,894
Other current liabilities 44,688 48,532
Total Current Liabilities 213,000 221,497
Long-Term Obligations (Note 5) 208,114 264,158
Long-Term Deferred Income Taxes 34,926 34,944
Other Long-Term Liabilities 41,309 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 116,807 115,888
Retained earnings 637,601 551,848
Treasury stock at cost, 2,960,558 and 3,003,419 shares (72,546) (73,596)
Accumulated other comprehensive items (Note 7) (73,959) (30,350)
Total Kadant Stockholders' Equity 608,049 563,936
Noncontrolling interest 1,455 1,680
Total Stockholders' Equity 609,504 565,616
Total Liabilities and Stockholders' Equity $ 1,106,853 $ 1,132,212