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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,493 $ 9,660
Restricted Cash 1,299 3,795
Accounts and other receivables, net 73,032 67,938
Income taxes recoverable 793 1,182
Inventories 86,822 82,037
Prepaid expenses and other 9,438 12,065
Total current assets 174,877 176,677
Property, plant and equipment, at cost 540,856 541,046
Less: accumulated depreciation (362,884) (357,591)
Net property, plant and equipment 177,972 183,455
Right-of-use leased assets 16,761 11,848
Identifiable intangible assets, net 9,364 9,851
Goodwill 35,717 35,717
Deferred Income Tax Assets, Net 24,320 25,034
Other assets 3,520 3,879
Total assets 442,531 446,461
Current liabilities:    
Accounts payable 84,925 95,023
Accrued expenses 23,083 24,442
Lease liability, short-term 2,871 2,107
Short-Term Debt 128,330 126,322
Income taxes payable 225 1,210
Total current liabilities 239,434 249,104
Lease liability, long-term 15,318 10,942
Long-term debt 20,000 20,000
Pension and other postretirement benefit obligations, net 6,582 6,643
Other non-current liabilities 4,382 4,119
Total liabilities 285,716 290,808
Shareholders’ equity:    
Common stock, no par value (authorized shares 150,000,000, issued and outstanding 34,533,870 shares at March 31, 2024 and 34,408,638 shares at December 31, 2023) 61,959 61,606
Common stock held in trust for savings restoration plan (118,543 shares at March 31, 2024 and 118,543 shares at December 31, 2023) (2,233) (2,233)
Foreign currency translation adjustment (84,985) (83,037)
Gain (loss) on derivative financial instruments 297 801
Pension and other postretirement benefit adjustments 512 539
Retained earnings 181,265 177,977
Total shareholders’ equity 156,815 155,653
Total liabilities and shareholders’ equity $ 442,531 $ 446,461