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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 65,173 $ 21,044
Short-term investments 159,132 199,971
Trade receivables, net 65,449 57,036
Gross inventories 129,294 100,023
Less LIFO reserve (59,489) (51,826)
Less excess and obsolescence reserve (4,812) (4,347)
Net inventories 64,993 43,850
Prepaid expenses and other current assets 7,091 6,832
Total Current Assets 361,838 328,733
Property, Plant, and Equipment 447,126 421,282
Less allowances for depreciation (370,273) (347,651)
Net property, plant and equipment 76,853 73,631
Deferred income taxes 6,109 536
Other assets 39,963 39,443
Total Assets 484,763 442,343
Current Liabilities    
Trade accounts payable and accrued expenses 35,658 36,400
Dividends Payable 88,343  
Contract liabilities with customers (Note 3) 1,031
Product liability 235 795
Employee compensation and benefits 30,160 33,154
Workers’ compensation 6,469 6,760
Income taxes payable 1,171  
Total Current Liabilities 163,067 77,109
Lease liability (Note 8) 3,039 1,476
Employee compensation 1,846  
Product liability accrual 73 97
Contingent liabilities (Note 20)
Stockholders’ Equity    
Additional paid-in capital 45,075 46,847
Retained earnings 393,097 438,098
Less: Treasury stock – at cost 2021 – 6,709,898 shares 2020 – 6,709,898 shares (145,812) (145,590)
Total Stockholders’ Equity 316,738 363,661
Total Liabilities and Stockholders’ Equity 484,763 442,343
Nonvoting Common Stock    
Stockholders’ Equity    
Common stock
Common Stock    
Stockholders’ Equity    
Common stock $ 24,378 $ 24,306