MTS SYSTEMS CORPORATION |
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Condensed Consolidated Balance Sheets |
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(unaudited - in thousands) |
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March 30,
|
September 29,
|
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ASSETS |
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Current assets |
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Cash and cash equivalents |
$ |
74,122 |
$ |
71,804 |
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Accounts receivable, net |
117,349 |
122,243 |
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Unbilled accounts receivable, net |
71,175 |
70,474 |
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Inventories, net |
179,071 |
139,109 |
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Other current assets |
32,307 |
24,572 |
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Total current assets |
474,024 |
428,202 |
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Property and equipment, net |
88,126 |
90,269 |
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Goodwill |
403,425 |
369,275 |
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Intangible assets, net |
287,101 |
246,138 |
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Other long-term assets |
7,958 |
5,512 |
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Total assets |
$ |
1,260,634 |
$ |
1,139,396 |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
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Current liabilities |
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Current maturities of long-term debt, net |
$ |
28,076 |
$ |
32,738 |
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Accounts payable |
39,941 |
47,886 |
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Advance payments from customers |
102,033 |
80,131 |
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Other accrued liabilities |
89,453 |
78,358 |
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Total current liabilities |
259,503 |
239,113 |
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Long-term debt, less current maturities, net |
436,344 |
355,640 |
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Other long-term liabilities |
79,733 |
66,711 |
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Total liabilities |
775,580 |
661,464 |
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Shareholders' equity |
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Common stock, $0.25 par; 64,000 shares authorized: |
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17,900 and 17,856 shares issued and outstanding as |
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of March 30, 2019 and September 29, 2018, respectively |
4,475 |
4,464 |
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Additional paid-in capital |
176,918 |
171,407 |
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Retained earnings |
308,279 |
300,585 |
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Accumulated other comprehensive income (loss) |
(4,618) |
1,476 |
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Total shareholders' equity |
485,054 |
477,932 |
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Total liabilities and shareholders' equity |
$ |
1,260,634 |
$ |
1,139,396 |