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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 20,921 $ 25,740
Trade accounts receivable 302,109 261,121
Inventories 564,110 411,635
Prepaid expenses and other current assets 47,640 42,657
Total current assets 934,780 741,153
Other assets 96,609 92,952
Deferred tax assets 32,717 29,901
Intangible assets, net 18,600 14,975
Goodwill 415,715 420,034
Property, Plant, and Equipment:    
Land 31,444 31,028
Buildings 322,268 315,207
Machinery and equipment 722,294 715,344
Construction in progress 65,809 32,801
Property, plant, and equipment, gross 1,141,815 1,094,380
Less accumulated depreciation (658,622) (647,902)
Property, plant, and equipment, net 483,193 446,478
Total assets 1,981,614 1,745,493
Current Liabilities:    
Trade accounts payable 142,365 125,519
Accrued salaries, wages, and withholdings from employees 43,738 40,939
Other accrued expenses 51,231 46,292
Income taxes 14,446 11,016
Short-term borrowings 20,373 8,539
Total current liabilities 272,153 232,305
Deferred tax liabilities 15,977 14,349
Other liabilities 37,191 28,829
Accrued employee and retiree benefits 26,364 28,579
Long-term debt 630,331 503,006
Shareholders' Equity:    
Common stock, par value $0.10 a share, authorized 100,000,000 shares; issued 53,954,874 shares 5,396 5,396
Additional paid-in capital 124,043 111,352
Earnings reinvested in the business 1,702,700 1,630,713
Treasury stock, 12,058,773 and 12,107,549 shares, respectively, at cost (631,853) (634,408)
Accumulated other comprehensive loss (200,688) (174,628)
Total shareholders' equity 999,598 938,425
Total liabilities and shareholders' equity $ 1,981,614 $ 1,745,493