XML 22 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 19,232 $ 30,521
Accounts Receivable, after Allowance for Credit Loss 84,544 103,312
Income taxes recoverable 733 2,558
Inventories 127,771 88,569
Prepaid expenses and other 10,304 11,275
Current assets of discontinued operations 0 178
Total current assets 242,584 236,413
Property, plant and equipment, at cost:    
Land and land improvements 4,832 4,537
Buildings 71,129 69,406
Machinery and equipment 455,960 424,368
Total property, plant and equipment 531,921 498,311
Less accumulated depreciation (345,510) (327,930)
Net property, plant and equipment 186,411 170,381
Right-of-use leased assets 14,021 13,847
Identifiable intangible assets, net 11,690 14,152
Goodwill 70,608 70,608
Deferred income tax assets 13,900 15,723
Other assets 2,879 2,460
Total assets 542,093 523,584
Current liabilities:    
Accounts payable 114,938 123,760
Accrued expenses 31,603 33,104
Lease liability, short-term 2,035 2,158
Income taxes payable 1,137 9,333
Current liabilities of discontinued operations 0 193
Total current liabilities 149,713 168,548
Lease liability, long-term 12,738 12,831
Long-term debt 137,000 73,000
Pension and other postretirement benefit obligations, net 35,046 78,265
Other non-current liabilities 5,834 6,218
Total liabilities 340,331 338,862
Contingencies (Note 18)
Shareholders’ equity:    
Issued and outstanding— 34,000,642 shares in 2022 and 33,736,629 in 2021 (including restricted stock) 58,824 55,174
Common stock held in trust for savings restoration plan (113,316 shares in 2022 and 108,433 in 2021) (2,188) (2,135)
Accumulated other comprehensive income (loss):    
Foreign currency translation adjustment (86,079) (85,792)
Gain (loss) on derivative financial instruments (2,480) 901
Pension and other postretirement benefit adjustments (59,036) (64,613)
Retained earnings 292,721 281,187
Total shareholders’ equity 201,762 184,722
Total liabilities and shareholders’ equity $ 542,093 $ 523,584