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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 48,604 $ 19,232
Accounts and other receivables, net 70,344 84,544
Income taxes recoverable 1,700 733
Inventories 79,301 127,771
Prepaid expenses and other 11,683 10,304
Total current assets 211,632 242,584
Property, plant and equipment, at cost 538,156 531,921
Less: accumulated depreciation (352,358) (345,510)
Net property, plant and equipment 185,798 186,411
Right-of-use leased assets 11,954 14,021
Identifiable intangible assets, net 10,290 11,690
Goodwill 35,717 70,608
Deferred Income Tax Assets, Net 21,798 13,900
Other assets 2,328 2,879
Total assets 479,517 542,093
Current liabilities:    
Accounts payable 94,712 114,938
Accrued expenses 21,835 31,603
Lease liability, short-term 2,216 2,035
Income taxes payable 426 1,137
Total current liabilities 119,189 149,713
Lease liability, long-term 11,083 12,738
Long-term debt 155,000 137,000
Pension and other postretirement benefit obligations, net 35,660 35,046
Other non-current liabilities 4,394 5,834
Total liabilities 325,326 340,331
Shareholders’ equity:    
Common stock, no par value (authorized shares 150,000,000, issued and outstanding 34,384,677 shares at September 30, 2023 and 34,000,642 shares at December 31, 2022) 60,827 58,824
Common stock held in trust for savings restoration plan (118,543 shares at September 30, 2023 and 113,316 shares at December 31, 2022) (2,233) (2,188)
Foreign currency translation adjustment (85,156) (86,079)
Gain (loss) on derivative financial instruments (774) (2,480)
Pension and other postretirement benefit adjustments (32,041) (59,036)
Retained earnings 213,568 292,721
Total shareholders’ equity 154,191 201,762
Total liabilities and shareholders’ equity $ 479,517 $ 542,093