MTS SYSTEMS CORPORATION

 Condensed Consolidated Balance Sheets

 (unaudited - in thousands)

March 30,
 2019

September 29,
 2018

 ASSETS

 Current assets

 Cash and cash equivalents

$

74,122

$

71,804

 Accounts receivable, net

117,349

122,243

 Unbilled accounts receivable, net

71,175

70,474

 Inventories, net

179,071

139,109

 Other current assets

32,307

24,572

 Total current assets

474,024

428,202

 Property and equipment, net

88,126

90,269

 Goodwill

403,425

369,275

 Intangible assets, net

287,101

246,138

 Other long-term assets

7,958

5,512

 Total assets

$

1,260,634

$

1,139,396

 LIABILITIES AND SHAREHOLDERS' EQUITY

 Current liabilities

 Current maturities of long-term debt, net

$

28,076

$

32,738

 Accounts payable

39,941

47,886

 Advance payments from customers

102,033

80,131

 Other accrued liabilities

89,453

78,358

 Total current liabilities

259,503

239,113

 Long-term debt, less current maturities, net

436,344

355,640

 Other long-term liabilities

79,733

66,711

 Total liabilities

775,580

661,464

 Shareholders' equity

 Common stock, $0.25 par; 64,000 shares authorized:

17,900 and 17,856 shares issued and outstanding as

of March 30, 2019 and September 29, 2018, respectively

4,475

4,464

 Additional paid-in capital

176,918

171,407

 Retained earnings

308,279

300,585

 Accumulated other comprehensive income (loss)

(4,618)

1,476

 Total shareholders' equity

485,054

477,932

 Total liabilities and shareholders' equity

$

1,260,634

$

1,139,396