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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 84,963 $ 45,790
Receivables, less allowances of $3,594 and $4,211, respectively 222,418 230,404
Inventories:    
Raw material 176,706 196,876
Work-in-process 26,880 30,276
Finished goods 305,110 317,828
Total inventories 508,696 544,980
Other current assets 37,718 36,916
Total current assets 853,795 858,090
Property, plant, and equipment, at cost:    
Land and buildings 167,028 159,253
Machinery and equipment 316,227 297,496
Furniture and fixtures 56,997 50,264
Other 59,747 50,249
Property, plant, and equipment, gross 599,999 557,262
Less: Allowance for depreciation (370,260) (342,108)
Property, plant, and equipment, net 229,739 215,154
Lease right-of-use assets, net 57,014 48,948
Deferred income taxes 8,758 6,778
Intangible assets, net 230,027 231,275
Goodwill 342,404 328,046
Other assets 6,385 5,910
Total assets 1,728,122 1,694,201
Current liabilities:    
Accounts payable 152,419 139,266
Accrued expenses and other current liabilities 100,249 120,555
Current lease liability 17,316 15,959
Income taxes 4,700 3,233
Current maturities of long-term debt and short-term borrowings 12,355 126,756
Total current liabilities 287,039 405,769
Long-term debt 88,056 89,271
Long-term lease liability 38,549 32,858
Income taxes payable non-current 4,837 8,707
Deferred income taxes 29,461 29,744
Employee benefit plans 35,973 31,889
Other long-term liabilities 33,914 25,209
Commitments and contingencies (see Note 16)
Redeemable noncontrolling interest 1,145 620
Shareholders’ equity:    
Common stock (65,000 shares authorized, $0.10 par value) outstanding (46,067 and 46,193, respectively) 4,607 4,619
Additional paid-in capital 344,717 325,426
Retained earnings 1,078,512 969,261
Accumulated other comprehensive loss (221,114) (231,448)
Total shareholders’ equity 1,206,722 1,067,858
Noncontrolling interest 2,426 2,276
Total equity 1,209,148 1,070,134
Total liabilities and equity $ 1,728,122 $ 1,694,201