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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Oct. 02, 2022
Jan. 02, 2022
Current assets    
Cash and cash equivalents $ 79,449 $ 97,252
Accounts receivable, net 170,436 171,676
Inventories, net 319,074 265,092
Prepaid expenses and other current assets 34,133 38,320
Total current assets 603,092 572,340
Property, plant and equipment, net 292,059 329,801
Operating lease right-of-use assets 77,447 90,561
Deferred tax asset 22,792 23,994
Goodwill and intangibles, net 174,149 223,204
Other assets 71,094 90,157
Total assets 1,240,633 1,330,057
Current liabilities    
Accounts payable 83,617 85,924
Accrued expenses 127,483 146,298
Current portion of operating lease liabilities 12,400 14,588
Current portion of long-term debt 14,400 15,002
Total current liabilities 237,900 261,812
Long-term debt 507,094 503,056
Operating lease liabilities 67,021 77,905
Deferred income taxes 29,743 36,723
Other long-term liabilities 77,452 87,163
Total liabilities 919,210 966,659
Commitments and contingencies
Shareholders’ equity    
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at October 2, 2022 and January 2, 2022 0 0
Common stock, par value $0.10 per share; 120,000 shares authorized; 58,370 and 59,055 shares issued and outstanding at October 2, 2022 and January 2, 2022, respectively 5,837 5,905
Additional paid-in capital 245,007 253,110
Retained earnings 303,837 261,434
Accumulated other comprehensive loss – foreign currency translation (187,095) (100,441)
Accumulated other comprehensive loss – cash flow hedge (1,049) (2,722)
Accumulated other comprehensive loss – pension liability (45,114) (53,888)
Total shareholders’ equity 321,423 363,398
Total liabilities and shareholders’ equity $ 1,240,633 $ 1,330,057