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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 146,830 $ 146,442
Trade receivables, less allowance for credit loss of $7,692 and $7,065 299,053 294,678
Inventories (Note 4) 320,899 292,604
Prepaid income taxes 39,772 12,912
Prepaid expenses and other current assets 54,891 39,634
Total current assets 861,445 786,270
Property, plant and equipment, net (Note 5) 213,159 211,877
Operating lease right-of-use assets, net 56,058 53,298
Prepaid pension cost (Note 14) 180,182 172,161
Deferred tax assets (Note 10) 33,712 33,065
Goodwill (Note 13) 624,637 627,534
Intangible assets, net (Note 13) 256,328 266,134
Other noncurrent assets 18,050 19,811
Total assets 2,243,571 2,170,150
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 26,472 26,522
Accounts payable 131,774 111,872
Employees’ compensation 42,377 73,386
Income taxes payable (Note 10) 41,105 19,972
Other current liabilities 110,023 101,066
Total current liabilities 351,751 332,818
Long-term debt, net (Note 12) 561,771 575,170
Pensions and other employee benefits (Note 14) 141,262 143,967
Noncurrent operating lease liabilities 46,418 44,495
Deferred tax liabilities (Note 10) 102,334 102,419
Other noncurrent liabilities 6,388 4,479
Total liabilities 1,209,924 1,203,348
Equity    
Preferred stock, 4.5% cumulative, $50 par value (Note 7) 3,569 3,569
Common stock, no par value (Note 7) 320,556 312,324
Treasury shares, at cost (Note 7) (378,156) (363,284)
Accumulated other comprehensive loss (Note 6) (147,548) (129,249)
Retained earnings 1,235,226 1,143,442
Total shareholders’ equity 1,033,647 966,802
Total liabilities and shareholders’ equity $ 2,243,571 $ 2,170,150