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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 98,564 $ 94,254
Trade accounts receivable, less allowances of $17,009 in 2019 and $15,469 in 2018 647,335 593,809
Inventories 414,543 297,611
Other current assets and prepaid expenses 108,916 71,230
Total current assets 1,269,358 1,056,904
Property, plant and equipment, Net 799,365 798,868
Goodwill 648,622 550,270
Other intangible assets, net 307,450 196,785
Deferred tax assets, net 39,496 41,836
Other non-current assets 262,507 169,886
Total assets 3,326,798 2,814,549
Current liabilities:    
Trade accounts payable 272,911 175,801
Accrued and other liabilities 208,811 196,834
Accrued compensation and related items 236,265 179,252
Contract with Customer, Liability 192,648 149,106
Taxes payable 134,769 89,017
Short-term borrowings and current maturities of long-term debt 101,134 50,317
Total current liabilities 1,146,538 840,327
Long-term debt 1,580,808 1,284,174
Non-current deferred tax liabilities 62,230 34,448
Other non-current liabilities 365,801 372,925
Total liabilities 3,155,377 2,531,874
Commitments and contingencies (Note 16)
Shareholders’ equity:    
Preferred stock, $0.01 par value per share; authorized 10,000,000 shares 0 0
Common stock, $0.01 par value per share; authorized 125,000,000 shares; issued 44,786,011 and 44,786,011 shares, outstanding 24,125,317 and 24,921,963 shares at December 31, 2018 and 2017, respectively 448 448
Additional paid-in capital 825,974 805,140
Treasury stock at cost (20,660,694 and 19,864,048 shares at December 31, 2019 and 2018, respectively) (6,259,049) (5,283,584)
Retained earnings 5,859,272 5,095,596
Accumulated Other Comprehensive Income (Loss), Net of Tax (255,224) (334,925)
Total shareholders’ equity 171,421 282,675
Total liabilities and shareholders’ equity $ 3,326,798 $ 2,814,549