MTS SYSTEMS CORPORATION

 Condensed Consolidated Balance Sheets

 (unaudited - in thousands)

June 29,

 2019

September 29,

 2018

 ASSETS

 Current assets

 Cash and cash equivalents

$

75,735

$

71,804

 Accounts receivable, net

131,365

122,243

 Unbilled accounts receivable, net

68,804

70,474

 Inventories, net

164,853

139,109

 Other current assets

27,118

24,572

 Total current assets

467,875

428,202

 Property and equipment, net

92,893

90,269

 Goodwill

403,448

369,275

 Intangible assets, net

285,299

246,138

 Other long-term assets

7,804

5,512

 Total assets

$

1,257,319

$

1,139,396

 LIABILITIES AND SHAREHOLDERS' EQUITY

 Current liabilities

 Current maturities of long-term debt, net

$

28,316

$

32,738

 Accounts payable

39,495

47,886

 Advance payments from customers

87,935

80,131

 Other accrued liabilities

92,407

78,358

 Total current liabilities

248,153

239,113

 Long-term debt, less current maturities, net

434,200

355,640

 Other long-term liabilities

80,427

66,711

 Total liabilities

762,780

661,464

 Shareholders' equity

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

18,736 and 17,856 shares issued and outstanding as

of June 29, 2019 and September 29, 2018, respectively

4,684

4,464

 Additional paid-in capital

179,015

171,407

 Retained earnings

316,249

300,585

 Accumulated other comprehensive income (loss)

(5,409)

1,476

 Total shareholders' equity

494,539

477,932

 Total liabilities and shareholders' equity

$

1,257,319

$

1,139,396