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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 31, 2023
Current Assets    
Cash $ 7,153 $ 15,174
Short-term investments 98,490 102,485
Trade receivables, net 56,119 59,864
Gross inventories (Note 4) 145,839 150,192
Less LIFO reserve (66,854) (64,262)
Less excess and obsolescence reserve (5,653) (6,120)
Net inventories 73,332 79,810
Prepaid expenses and other current assets 16,857 14,062
Total Current Assets 251,951 271,395
Property, plant and equipment 471,440 462,397
Less allowances for depreciation (400,126) (390,863)
Net property, plant and equipment 71,314 71,534
Deferred income taxes 14,727 11,976
Other assets 38,711 43,912
Total Assets 376,703 398,817
Current Liabilities    
Trade accounts payable and accrued expenses 29,583 31,708
Contract liabilities with customers (Note 3) 149
Product liability 314 634
Employee compensation and benefits 16,692 24,660
Workers’ compensation 5,432 6,044
Total Current Liabilities 52,021 63,195
Employee compensation 1,252 1,685
Product liability accrual 61 46
Lease liability (Note 5) 1,903 2,170
Contingent liabilities (Note 13)
Stockholders’ Equity    
Additional paid-in capital 48,346 46,849
Retained earnings 426,551 418,058
Less: Treasury stock – at cost 2024 – 7,456,317 shares 2023 – 6,978,400 shares (177,899) (157,623)
Total Stockholders’ Equity 321,466 331,721
Total Liabilities and Stockholders’ Equity 376,703 398,817
Nonvoting Common Stock    
Stockholders’ Equity    
Common Stock, Value
Common Stock    
Stockholders’ Equity    
Common Stock, Value $ 24,468 $ 24,437