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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 11,846 $ 31,422
Accounts Receivable, after Allowance for Credit Loss 86,327 89,117
Income taxes recoverable 2,807 2,661
Inventories 66,437 64,205
Prepaid expenses and other 19,679 8,333
Disposal Group, Including Discontinued Operation, Assets, Current 1,339 37,418
Total current assets 188,435 233,156
Property, plant and equipment, at cost:    
Land and land improvements 4,544 4,554
Buildings 66,406 64,311
Machinery and equipment 404,669 413,856
Total property, plant and equipment 475,619 482,721
Less accumulated depreciation (309,074) (309,165)
Net property, plant and equipment 166,545 173,556
Operating Lease, Right-of-Use Asset 16,037 18,492
Investment in kaleo 34,600 95,500
Intangible Assets, Net (Excluding Goodwill) 18,820 22,636
Goodwill 67,708 81,404
Deferred Tax Assets, Net, Noncurrent 19,068 12,435
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 53,974 51,995
Other assets 3,506 4,628
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 151 70,861
Identifiable Assets, Total [1] 514,870 712,668
Current liabilities:    
Accounts payable 89,702 87,296
Accrued expenses 40,741 39,465
Operating Lease, Liability, Current 2,082 2,427
Taxes Payable 706 0
Disposal Group, Including Discontinued Operation, Liabilities, Current 7,521 23,280
Total current liabilities 140,752 152,468
Operating Lease, Liability, Noncurrent 14,949 17,338
Long-term debt 134,000 42,000
Liability, Pension and Other Postretirement and Postemployment Benefits, Noncurrent 110,585 107,446
Deferred income tax liabilities (noncurrent) 0 11,019
Deferred Tax Liabilities, Gross 34,906 50,579
Other non-current liabilities 5,529 5,297
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 0 351
Total liabilities 405,815 335,919
Accumulated other comprehensive income (loss):    
Foreign currency translation adjustment (84,149) (100,663)
Gain (loss) on derivative financial instruments 2,264 (1,307)
Pension and other postretirement benefit adjustments (96,519) (95,681)
Issued and outstanding— 33,457,176 shares in 2020 and 33,365,039 in 2019 (including restricted stock) 50,066 45,514
Common stock held in trust for savings restoration plan (105,067 shares in 2020 and 74,798 in 2019) (2,087) (1,592)
Retained earnings 239,480 530,478
Total shareholders’ equity 109,055 376,749
Total liabilities and shareholders’ equity $ 514,870 $ 712,668
[1] Cash and cash equivalents includes funds held in locations outside the U.S. of $9.4 million and $8.9 million at December 31, 2020 and 2019, respectively. (c)Information on exports and foreign operations are provided on the previous page. Export sales relate almost entirely to PE Films. Operations in China relate to PE Films. Operations in Brazil relate to Flexible Packaging Films.