Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 697,778	$ 623,855
Short-term investments	165,025	206,779
Accounts receivable, net	180,226	155,901
Inventories	261,893	239,010
Prepaid income taxes	41,959	34,128
Prepaid expenses and other current assets	44,133	41,289
Total current assets	1,391,014	1,300,962
DEFERRED INCOME TAXES, NET	47,048	42,442
GOODWILL	19,831	19,828
INTANGIBLE ASSETS, NET	27,892	28,789
PROPERTY, PLANT AND EQUIPMENT, NET	395,858	379,375
OTHER ASSETS	20,930	18,603
TOTAL	1,902,573	1,789,999
CURRENT LIABILITIES:
Current portion of long-term debt	3,188	3,188
Accounts payable	25,388	28,048
Accrued expenses and other liabilities	105,737	102,485
Income taxes payable	23,423	24,554
Total current liabilities	157,736	158,275
DEFERRED INCOME TAXES AND OTHER LONG-TERM LIABILITIES	41,726	36,365
LONG-TERM DEBT, NET OF CURRENT PORTION	36,839	37,635
Total liabilities	236,301	232,275
COMMITMENTS AND CONTINGENCIES (NOTE 12)
IPG PHOTONICS CORPORATION EQUITY:
Common stock, $0.0001 par value, 175,000,000 shares authorized; 53,636,419 and 53,425,945 shares issued and outstanding, respectively, at March 31, 2017; 53,354,579 and 53,251,805 shares issued and outstanding, respectively, at December 31, 2016	5	5
Treasury stock, at cost (210,474 and 102,774 shares held)	(21,485)	(8,946)
Additional paid-in capital	668,003	650,974
Retained earnings	1,171,198	1,094,108
Accumulated other comprehensive loss	(151,626)	(178,583)
Total IPG Photonics Corporation equity	1,666,095	1,557,558
NONCONTROLLING INTERESTS	177	166
Total equity	1,666,272	1,557,724
TOTAL	$ 1,902,573	$ 1,789,999

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.