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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,510 $ 9,660
Restricted Cash 5,159 3,795
Accounts and other receivables, net 83,895 67,938
Income taxes recoverable 789 1,182
Inventories 89,242 82,037
Prepaid expenses and other 8,170 12,065
Total current assets 190,765 176,677
Property, plant and equipment, at cost 538,181 541,046
Less: accumulated depreciation (366,336) (357,591)
Net property, plant and equipment 171,845 183,455
Right-of-use leased assets 16,209 11,848
Identifiable intangible assets, net 8,811 9,851
Goodwill 35,717 35,717
Deferred Income Tax Assets, Net 23,600 25,034
Other assets 3,465 3,879
Total assets 450,412 446,461
Current liabilities:    
Accounts payable 93,006 95,023
Accrued expenses 27,015 24,442
Lease liability, short-term 2,877 2,107
Short-Term Debt 122,000 126,322
Income taxes payable 257 1,210
Total current liabilities 245,155 249,104
Lease liability, long-term 14,610 10,942
Long-term debt 20,000 20,000
Pension and other postretirement benefit obligations, net 6,524 6,643
Other non-current liabilities 4,159 4,119
Total liabilities 290,448 290,808
Shareholders’ equity:    
Common stock, no par value (authorized shares 150,000,000, issued and outstanding 34,484,893 shares at June 30, 2024 and 34,408,638 shares at December 31, 2023) 62,493 61,606
Common stock held in trust for savings restoration plan (118,543 shares at June 30, 2024 and December 31, 2023) (2,233) (2,233)
Foreign currency translation adjustment (90,273) (83,037)
Gain (loss) on derivative financial instruments (564) 801
Pension and other postretirement benefit adjustments 484 539
Retained earnings 190,057 177,977
Total shareholders’ equity 159,964 155,653
Total liabilities and shareholders’ equity $ 450,412 $ 446,461