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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 7,062 $ 9,660
Cash and cash equivalents 0 3,391
Accounts Receivable, after Allowance for Credit Loss 64,817 55,615
Income taxes recoverable 0 1,182
Inventories 51,381 49,654
Prepaid expenses and other 16,567 8,817
Current assets of discontinued operations 0 48,358
Total current assets 139,827 176,677
Property, plant and equipment, at cost:    
Land and land improvements 4,740 4,740
Buildings 67,871 65,465
Machinery and equipment 426,815 426,097
Total property, plant and equipment 499,426 496,302
Less: accumulated depreciation (362,394) (345,145)
Net property, plant and equipment 137,032 151,157
Right-of-use leased assets 14,635 11,100
Identifiable intangible assets, net 7,326 9,105
Goodwill 22,446 35,717
Deferred income tax assets 32,517 23,155
Other assets 2,448 3,442
Noncurrent assets of discontinued operations 126 36,108
Total assets 356,357 446,461
Current liabilities:    
Accounts payable 64,704 69,328
Accrued expenses 22,168 18,606
Lease liability, short-term 2,453 1,903
Short-Term Debt 1,322 126,322
Income taxes payable 320 183
Current liabilities of discontinued operations 741 32,762
Total current liabilities 91,708 249,104
Lease liability, long-term 12,993 10,396
ABL revolving facility 60,600 0
Pension and other postretirement benefit obligations, net 5,914 6,643
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 69 0
Other non-current liabilities 4,105 3,862
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 0 20,803
Total liabilities 175,389 290,808
Contingencies (Note 15)
Shareholders’ equity:    
Common stock, no par value (authorized 150,000,000 shares, issued and outstanding— 34,661,272 shares at December 31, 2024 and 34,408,638 at December 31, 2023) 63,590 61,606
Common stock held in trust for savings restoration plan (118,543 shares at December 31, 2024 and December 31, 2023) (2,233) (2,233)
Accumulated other comprehensive income (loss):    
Foreign currency translation adjustment 5,105 (83,037)
Gain (loss) on derivative financial instruments 268 801
Pension and other postretirement benefit adjustments 826 539
Retained earnings 113,412 177,977
Total shareholders’ equity 180,968 155,653
Total liabilities and shareholders’ equity $ 356,357 $ 446,461