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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Apr. 01, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 81,183 $ 76,371
Restricted cash 4,324 3,354
Accounts receivable, net of allowances of $3,587 and $3,595 131,268 130,297
Inventories 179,199 163,672
Contract assets 12,389 14,898
Other current assets 41,743 26,818
Total Current Assets 450,106 415,410
Property, Plant, and Equipment, net of accumulated depreciation of $125,754 and $121,442 120,274 118,855
Other Assets 39,478 54,516
Intangible Assets, Net 171,396 175,645
Goodwill 387,890 385,455
Total Assets 1,169,144 1,149,881
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations (Note 5) 3,352 3,821
Accounts payable 57,939 58,060
Accrued payroll and employee benefits 30,336 35,672
Customer deposits 80,190 64,361
Advanced billings 10,219 7,966
Other current liabilities 43,811 43,581
Total Current Liabilities 225,847 213,461
Long-Term Obligations (Note 5) 178,555 197,340
Long-Term Deferred Income Taxes 39,672 38,745
Other Long-Term Liabilities 40,765 44,764
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 117,547 119,924
Retained earnings 685,325 660,644
Treasury stock at cost, 2,920,678 and 2,949,997 shares (71,569) (72,287)
Accumulated other comprehensive items (Note 7) (49,085) (54,578)
Total Kadant Stockholders' Equity 682,364 653,849
Noncontrolling interest 1,941 1,722
Total Stockholders' Equity 684,305 655,571
Total Liabilities and Stockholders' Equity $ 1,169,144 $ 1,149,881