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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 45,790 $ 40,536
Receivables, less allowances of $4,211 and $3,975, respectively 230,404 196,173
Inventories:    
Raw material 196,876 166,918
Work-in-process 30,276 24,725
Finished goods 317,828 258,332
Total inventories 544,980 449,975
Other current assets 36,916 37,963
Total current assets 858,090 724,647
Property, plant, and equipment, at cost:    
Land and buildings 159,253 154,544
Machinery and equipment 297,496 296,078
Furniture and fixtures 50,264 44,324
Other 50,249 40,231
Property, plant, and equipment, gross 557,262 535,177
Less: Allowance for depreciation (342,108) (324,523)
Property, plant, and equipment, net 215,154 210,654
Lease right-of-use assets, net 48,948 48,379
Deferred income taxes 6,778 7,675
Intangible assets, net 231,275 249,691
Goodwill 328,046 329,630
Other assets 5,910 4,489
Total assets 1,694,201 1,575,165
Current liabilities:    
Accounts payable 139,266 164,758
Accrued expenses and other current liabilities 120,555 115,408
Current lease liability 15,959 15,320
Income taxes 3,233 2,547
Current maturities of long-term debt and short-term borrowings 126,756 97,981
Total current liabilities 405,769 396,014
Long-term debt 89,271 90,535
Long-term lease liability 32,858 32,937
Income taxes payable non-current 8,707 11,610
Deferred income taxes 29,744 28,162
Employee benefit plans 31,889 40,696
Other long-term liabilities 25,209 26,568
Commitments and contingencies (see Note 16) 0 0
Redeemable noncontrolling interest 620 (19)
Shareholders’ equity:    
Common stock (65,000 shares authorized, $0.10 par value) outstanding (46,193 and 46,483, respectively) 4,619 4,648
Additional capital 325,426 310,617
Retained earnings 969,261 859,817
Accumulated other comprehensive loss (231,448) (228,581)
Total shareholders’ equity 1,067,858 946,501
Noncontrolling interest 2,276 2,161
Total equity 1,070,134 948,662
Total liabilities and equity $ 1,694,201 $ 1,575,165