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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 31, 2023
Current Assets    
Cash $ 15,807 $ 15,174
Short-term investments 99,486 102,485
Trade receivables, net 65,815 59,864
Gross inventories (Note 4) 139,876 150,192
Less LIFO reserve (65,555) (64,262)
Less excess and obsolescence reserve (5,825) (6,120)
Net inventories 68,496 79,810
Prepaid expenses and other current assets 8,971 14,062
Total Current Assets 258,575 271,395
Property, plant and equipment 464,080 462,397
Less allowances for depreciation (396,325) (390,863)
Net property, plant and equipment 67,755 71,534
Deferred income taxes 15,092 11,976
Other assets 43,555 43,912
Total Assets 384,977 398,817
Current Liabilities    
Trade accounts payable and accrued expenses 29,675 31,708
Contract liabilities with customers (Note 3) 30 149
Product liability 309 634
Employee compensation and benefits 14,002 24,660
Workers’ compensation 6,036 6,044
Total Current Liabilities 50,052 63,195
Employee compensation 871 1,685
Product liability accrual 60 46
Lease liability (Note 5) 2,038 2,170
Contingent liabilities (Note 13)
Stockholders’ Equity    
Additional paid-in capital 47,289 46,849
Retained earnings 421,054 418,058
Less: Treasury stock – at cost 2024 – 7,053,424 shares, 2023 – 6,978,400 shares (160,842) (157,623)
Total Stockholders’ Equity 331,956 331,721
Total Liabilities and Stockholders’ Equity 384,977 398,817
Nonvoting Common Stock    
Stockholders’ Equity    
Common Stock, Value
Common Stock    
Stockholders’ Equity    
Common Stock, Value $ 24,455 $ 24,437