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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 88,717 $ 102,176
Accounts receivable, net of allowance for doubtful accounts of $2,313 and $2,402, respectively 135,464 116,947
Contract assets 25,959 32,403
Inventories 81,448 78,996
Taxes receivable 10,031 6,652
Prepaid expenses 4,937 4,870
Other current assets 7,922 7,348
Total current assets 354,478 349,392
Property, plant and equipment, at cost 505,573 506,509
Accumulated depreciation (295,557) (291,996)
Property, plant and equipment, net 210,016 214,513
Operating lease right-of-use assets 26,163 22,243
Goodwill 87,195 87,595
Other intangible assets, net 90,796 95,121
Other assets, net 6,729 6,598
Total assets 775,377 775,462
Current liabilities:    
Current portion of long-term debt 9,789 9,789
Accounts payable 113,416 101,905
Accrued payroll and other compensation 22,114 24,589
Accrued taxes 8,339 8,214
Derivative liabilities 7,966 11,996
Restructuring liabilities 2,042 9,431
Other accrued liabilities 22,733 21,705
Total current liabilities 186,399 187,629
Long-term debt 251,202 260,649
Long-term operating lease liabilities 21,220 17,947
Deferred tax liabilities 31,411 27,174
Benefit plan liabilities 17,930 21,691
Other long-term liabilities 2,665 2,676
Commitments and Contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.01 per share par value, 500 shares authorized (none issued or outstanding) 0 0
Common stock, $0.01 per share par value, 30,000 shares authorized (25,741 and 25,555 shares issued, respectively) 257 256
Capital in excess of par value 101,361 99,770
Retained earnings 271,998 266,904
Accumulated other comprehensive income (loss) (17,973) (18,342)
Less treasury stock, 7,722 and 7,717 shares of common stock, respectively, at cost (91,093) (90,892)
Total stockholders’ equity 264,550 257,696
Total liabilities and stockholders’ equity $ 775,377 $ 775,462