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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 15,025 $ 19,232
Accounts and other receivables, net 89,104 84,544
Income taxes recoverable 967 733
Inventories 113,633 127,771
Prepaid expenses and other 10,011 10,304
Total current assets 228,740 242,584
Property, plant and equipment, at cost 537,862 531,921
Less: accumulated depreciation (350,896) (345,510)
Net property, plant and equipment 186,966 186,411
Right-of-use leased assets 13,854 14,021
Identifiable intangible assets, net 11,207 11,690
Goodwill 70,608 70,608
Deferred Income Tax Assets, Net 11,662 13,900
Other assets 3,137 2,879
Total assets 526,174 542,093
Current liabilities:    
Accounts payable 92,275 114,938
Accrued expenses 21,904 31,603
Lease liability, short-term 2,186 2,035
Income taxes payable 226 1,137
Total current liabilities 116,591 149,713
Lease liability, long-term 12,458 12,738
Long-term debt 155,000 137,000
Pension and other postretirement benefit obligations, net 35,377 35,046
Other non-current liabilities 5,139 5,834
Total liabilities 324,565 340,331
Shareholders’ equity:    
Common stock, no par value (issued and outstanding 33,970,282 shares at March 31, 2023 and 34,000,642 shares at December 31, 2022) 59,423 58,824
Common stock held in trust for savings restoration plan (114,741 shares at March 31, 2023 and 113,316 shares at December 31, 2022) (2,203) (2,188)
Foreign currency translation adjustment (84,959) (86,079)
Gain (loss) on derivative financial instruments (1,211) (2,480)
Pension and other postretirement benefit adjustments (56,749) (59,036)
Retained earnings 287,308 292,721
Total shareholders’ equity 201,609 201,762
Total liabilities and shareholders’ equity $ 526,174 $ 542,093