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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,648 $ 30,521
Accounts and other receivables, net 129,559 103,312
Income taxes recoverable 2,512 2,558
Inventories 104,560 88,569
Prepaid expenses and other 17,183 11,275
Current assets of discontinued operations 151 178
Total current assets 279,613 236,413
Property, plant and equipment, at cost 506,511 498,311
Less: accumulated depreciation (333,944) (327,930)
Net property, plant and equipment 172,567 170,381
Right-of-use leased assets 13,385 13,847
Identifiable intangible assets, net 13,632 14,152
Goodwill 70,608 70,608
Deferred Income Tax Assets, Net 11,409 15,723
Other assets 3,457 2,460
Total assets 564,671 523,584
Current liabilities:    
Accounts payable 144,585 123,760
Accrued expenses 27,012 33,104
Lease liability, short-term 2,119 2,158
Income taxes payable 643 9,333
Current liabilities of discontinued operations 178 193
Total current liabilities 174,537 168,548
Lease liability, long-term 12,361 12,831
Long-term debt 131,250 73,000
Pension and other postretirement benefit obligations, net 28,333 78,265
Other non-current liabilities 6,322 6,218
Total liabilities 352,803 338,862
Shareholders’ equity:    
Common stock, no par value (issued and outstanding 33,837,815 shares at March 31, 2022 and 33,736,629 shares at December 31, 2021) 55,953 55,174
Common stock held in trust for savings restoration plan (109,494 shares at March 31, 2022 and 108,433 shares at December 31, 2021) (2,148) (2,135)
Foreign currency translation adjustment (80,256) (85,792)
Gain (loss) on derivative financial instruments 6,831 901
Pension and other postretirement benefit adjustments (62,075) (64,613)
Retained earnings 293,563 281,187
Total shareholders’ equity 211,868 184,722
Total liabilities and shareholders’ equity $ 564,671 $ 523,584