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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 66,725 $ 76,371
Restricted cash 3,470 3,354
Accounts receivable, net of allowances of $3,578 and $3,595 135,633 130,297
Inventories 176,380 163,672
Contract assets 11,986 14,898
Other current assets 41,449 26,818
Total Current Assets 435,643 415,410
Property, Plant, and Equipment, net of accumulated depreciation of $128,555 and $121,442 125,875 118,855
Other Assets 43,775 54,516
Intangible Assets, Net 167,327 175,645
Goodwill 388,802 385,455
Total Assets 1,161,422 1,149,881
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations (Note 5) 3,464 3,821
Accounts payable 48,911 58,060
Accrued payroll and employee benefits 32,003 35,672
Customer deposits 70,580 64,361
Advanced billings 12,043 7,966
Other current liabilities 46,217 43,581
Total Current Liabilities 213,218 213,461
Long-Term Obligations (Note 5) 153,409 197,340
Long-Term Deferred Income Taxes 38,690 38,745
Other Long-Term Liabilities 43,080 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 120,117 119,924
Retained earnings 711,664 660,644
Treasury stock at cost, 2,918,261 and 2,949,997 shares (71,509) (72,287)
Accumulated other comprehensive items (Note 7) (49,547) (54,578)
Total Kadant Stockholders' Equity 710,871 653,849
Noncontrolling interest 2,154 1,722
Total Stockholders' Equity 713,025 655,571
Total Liabilities and Stockholders' Equity $ 1,161,422 $ 1,149,881