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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 03, 2022
Jan. 02, 2022
Current assets    
Cash and cash equivalents $ 76,088 $ 97,252
Accounts receivable, net 144,994 171,676
Inventories, net 319,367 265,092
Prepaid expenses and other current assets 43,330 38,320
Total current assets 583,779 572,340
Property, plant and equipment, net 320,778 329,801
Operating lease right-of-use assets 85,323 90,561
Deferred tax asset 23,096 23,994
Goodwill and intangibles, net 212,437 223,204
Other assets 84,372 90,157
Total assets 1,309,785 1,330,057
Current liabilities    
Accounts payable 86,975 85,924
Accrued expenses 130,047 146,298
Current portion of operating lease liabilities 13,906 14,588
Current portion of long-term debt 14,939 15,002
Total current liabilities 245,867 261,812
Long-term debt 506,803 503,056
Operating lease liabilities 73,454 77,905
Deferred income taxes 35,585 36,723
Other long-term liabilities 81,196 87,163
Total liabilities 942,905 966,659
Commitments and contingencies
Shareholders’ equity    
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at April 3, 2022 and January 2, 2022 0 0
Common stock, par value $0.10 per share; 120,000 shares authorized; 59,328 and 59,055 shares issued and outstanding at April 3, 2022 and January 2, 2022, respectively 5,933 5,905
Additional paid-in capital 254,867 253,110
Retained earnings 274,135 261,434
Accumulated other comprehensive loss – foreign currency translation (113,625) (100,441)
Accumulated other comprehensive loss – cash flow hedge (2,081) (2,722)
Accumulated other comprehensive loss – pension liability (52,349) (53,888)
Total shareholders’ equity 366,880 363,398
Total liabilities and shareholders’ equity $ 1,309,785 $ 1,330,057