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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 29,344 $ 25,865
Trade accounts receivable, less allowance for losses of $6,000 and $4,836, respectively 195,439 194,509
Inventories 463,517 404,320
Prepaid expenses and other current assets 43,206 50,974
Assets held for sale 1,969 41,393
Total current assets 733,475 717,061
Other assets 68,251 70,462
Deferred tax assets 7,885 12,120
Intangible assets - at cost, less accumulated amortization of $17,432 and $16,314, respectively 7,211 8,126
Goodwill 408,995 383,568
Property, Plant and Equipment:    
Land 35,198 33,015
Buildings 317,464 265,157
Machinery and equipment 687,896 643,869
Construction in progress 40,833 79,981
Property, plant and equipment, gross 1,081,391 1,022,022
Less accumulated depreciation (582,868) (545,499)
Property, plant and equipment, net 498,523 476,523
Total assets 1,724,340 1,667,860
Current Liabilities:    
Trade accounts payable 109,780 92,450
Accrued salaries, wages and withholdings from employees 23,613 26,502
Other accrued expenses 51,764 54,752
Income taxes 11,036 14,080
Short-term borrowings 20,130 20,578
Liabilities held for sale 0 5,313
Total current liabilities 216,323 213,675
Deferred income taxes 18,724 9,650
Other liabilities 13,539 6,103
Accrued employee and retiree benefits 19,294 19,911
Long-term debt 604,159 582,780
Shareholders' Equity:    
Common stock, par value $0.10 a share, authorized 100,000,000 shares; issued 53,954,874 shares 5,396 5,396
Additional paid-in capital 107,176 107,686
Earnings reinvested in the business 1,414,485 1,378,923
Treasury stock, 10,759,291 and 9,716,504 shares, respectively, at cost (525,422) (442,799)
Accumulated other comprehensive loss (149,334) (213,465)
Total shareholders' equity 852,301 835,741
Total liabilities and shareholders' equity $ 1,724,340 $ 1,667,860