XML 24 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 9,660 $ 19,232
Cash and cash equivalents 3,795 0
Accounts Receivable, after Allowance for Credit Loss 67,938 84,544
Income taxes recoverable 1,182 733
Inventories 82,037 127,771
Prepaid expenses and other 12,065 10,304
Total current assets 176,677 242,584
Property, plant and equipment, at cost:    
Land and land improvements 4,867 4,832
Buildings 73,160 71,129
Machinery and equipment 463,019 455,960
Total property, plant and equipment 541,046 531,921
Less: accumulated depreciation (357,591) (345,510)
Net property, plant and equipment 183,455 186,411
Right-of-use leased assets 11,848 14,021
Identifiable intangible assets, net 9,851 11,690
Goodwill 35,717 70,608
Deferred income tax assets 25,034 13,900
Other assets 3,879 2,879
Total assets 446,461 542,093
Current liabilities:    
Accounts payable 95,023 114,938
Accrued expenses 24,442 31,603
Lease liability, short-term 2,107 2,035
Short-Term Debt 126,322 0
Income taxes payable 1,210 1,137
Total current liabilities 249,104 149,713
Lease liability, long-term 10,942 12,738
Long-term debt 20,000 137,000
Pension and other postretirement benefit obligations, net 6,643 35,046
Other non-current liabilities 4,119 5,834
Total liabilities 290,808 340,331
Contingencies (Note 16)
Shareholders’ equity:    
Common stock, no par value (authorized 150,000,000 shares, issued and outstanding— 34,408,638 shares at December 31, 2023 and 34,000,642 at December 31, 2022) 61,606 58,824
Common stock held in trust for savings restoration plan (118,543 shares at December 31, 2023 and 113,316 at December 31, 2022) (2,233) (2,188)
Accumulated other comprehensive income (loss):    
Foreign currency translation adjustment (83,037) (86,079)
Gain (loss) on derivative financial instruments 801 (2,480)
Pension and other postretirement benefit adjustments 539 (59,036)
Retained earnings 177,977 292,721
Total shareholders’ equity 155,653 201,762
Total liabilities and shareholders’ equity $ 446,461 $ 542,093