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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,724 $ 9,660
Restricted Cash 3,864 3,795
Accounts and other receivables, net 81,636 67,938
Income taxes recoverable 954 1,182
Inventories 88,058 82,037
Prepaid expenses and other 11,026 12,065
Total current assets 188,262 176,677
Property, plant and equipment, at cost 541,608 541,046
Less: accumulated depreciation (372,920) (357,591)
Net property, plant and equipment 168,688 183,455
Right-of-use leased assets 15,663 11,848
Identifiable intangible assets, net 8,361 9,851
Goodwill 35,717 35,717
Deferred Income Tax Assets, Net 22,765 25,034
Other assets 3,085 3,879
Total assets 442,541 446,461
Current liabilities:    
Accounts payable 89,070 95,023
Accrued expenses 24,000 24,442
Lease liability, short-term 2,824 2,107
Short-Term Debt 1,356 0
ABL revolving facility (matures June 30, 2026) 122,000 126,322
Income taxes payable 8 1,210
Total current liabilities 239,258 249,104
Lease liability, long-term 13,963 10,942
Long-term debt 20,000 20,000
Pension and other postretirement benefit obligations, net 6,464 6,643
Other non-current liabilities 4,408 4,119
Total liabilities 284,093 290,808
Shareholders’ equity:    
Common stock, no par value (authorized shares 150,000,000, issued and outstanding 34,510,556 shares at September 30, 2024 and 34,408,638 shares at December 31, 2023) 63,031 61,606
Common stock held in trust for savings restoration plan (118,543 shares at September 30, 2024 and December 31, 2023) (2,233) (2,233)
Foreign currency translation adjustment (88,777) (83,037)
Gain (loss) on derivative financial instruments (141) 801
Pension and other postretirement benefit adjustments 457 539
Retained earnings 186,111 177,977
Total shareholders’ equity 158,448 155,653
Total liabilities and shareholders’ equity $ 442,541 $ 446,461