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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 30,521 $ 11,846
Accounts Receivable, after Allowance for Credit Loss 103,312 86,327
Income taxes recoverable 2,558 2,807
Inventories 88,569 66,437
Prepaid expenses and other 11,275 19,679
Disposal Group, Including Discontinued Operation, Assets, Current 178 1,339
Total current assets 236,413 188,435
Property, plant and equipment, at cost:    
Land and land improvements 4,537 4,544
Buildings 69,406 66,406
Machinery and equipment 424,368 404,669
Total property, plant and equipment 498,311 475,619
Less accumulated depreciation (327,930) (309,074)
Net property, plant and equipment 170,381 166,545
Operating Lease, Right-of-Use Asset 13,847 16,037
Investment in kaleo 0 34,600
Intangible Assets, Net (Excluding Goodwill) 14,152 18,820
Goodwill 70,608 67,708
Deferred Tax Assets, Net, Noncurrent 15,723 19,068
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 46,923 53,974
Other assets 2,460 3,506
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 0 151
Identifiable Assets, Total [1] 523,584 514,870
Current liabilities:    
Accounts payable 123,760 89,702
Accrued expenses 33,104 40,741
Operating Lease, Liability, Current 2,158 2,082
Taxes Payable 9,333 706
Disposal Group, Including Discontinued Operation, Liabilities, Current 193 7,521
Total current liabilities 168,548 140,752
Operating Lease, Liability, Noncurrent 12,831 14,949
Long-term debt 73,000 134,000
Liability, Pension and Other Postretirement and Postemployment Benefits, Noncurrent 78,265 110,585
Deferred income tax liabilities (noncurrent) 0 0
Deferred Tax Liabilities, Gross 31,200 34,906
Other non-current liabilities 6,218 5,529
Total liabilities 338,862 405,815
Accumulated other comprehensive income (loss):    
Foreign currency translation adjustment (85,792) (84,149)
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax 901 2,264
Pension and other postretirement benefit adjustments 64,613 96,519
Issued and outstanding— 33,736,629 shares in 2021 and 33,457,176 in 2020 (including restricted stock) 55,174 50,066
Common stock held in trust for savings restoration plan (108,433 shares in 2021 and 105,067 in 2020) 2,135 2,087
Retained earnings 281,187 239,480
Total shareholders’ equity 184,722 109,055
Total liabilities and shareholders’ equity $ 523,584 $ 514,870
Common stock, shares, issued (shares) 33,736,629 33,457,176
Common stock, shares, outstanding (shares) 33,736,629 33,457,176
[1] Cash and cash equivalents includes funds held in locations outside the U.S. of $16.4 million and $9.4 million at December 31, 2021 and 2020, 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.