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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 31, 2023
Current Assets    
Cash $ 7,522 $ 15,174
Short-term investments 88,455 102,485
Trade receivables, net 60,157 59,864
Gross inventories (Note 4) 150,460 150,192
Less LIFO reserve (68,265) (64,262)
Less excess and obsolescence reserve (6,159) (6,120)
Net inventories 76,036 79,810
Prepaid expenses and other current assets 14,944 14,062
Total Current Assets 247,114 271,395
Property, plant and equipment 474,501 462,397
Less allowances for depreciation (401,972) (390,863)
Net property, plant and equipment 72,529 71,534
Deferred income taxes 14,918 11,976
Other assets 38,893 43,912
Total Assets 373,454 398,817
Current Liabilities    
Trade accounts payable and accrued expenses 31,495 31,708
Contract liabilities with customers (Note 3) 149
Product liability 270 634
Employee compensation and benefits 17,413 24,660
Workers’ compensation 5,792 6,044
Total Current Liabilities 54,970 63,195
Employee compensation 1,712 1,685
Product liability accrual 61 46
Lease liability (Note 5) 1,766 2,170
Contingent liabilities (Note 13)
Stockholders’ Equity    
Additional paid-in capital 49,441 46,849
Retained earnings 428,014 418,058
Less: Treasury stock – at cost 2024 – 7,677,159 shares 2023 – 6,978,400 shares (186,978) (157,623)
Total Stockholders’ Equity 314,945 331,721
Total Liabilities and Stockholders’ Equity 373,454 398,817
Nonvoting Common Stock    
Stockholders’ Equity    
Common Stock, Value
Common Stock    
Stockholders’ Equity    
Common Stock, Value $ 24,468 $ 24,437