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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 02, 2023
Jan. 01, 2023
Current assets    
Cash and cash equivalents $ 92,935 $ 97,564
Accounts receivable, net 166,304 182,807
Inventories, net 288,181 306,327
Prepaid expenses and other current assets 34,078 30,339
Total current assets 581,498 617,037
Property, plant and equipment, net 288,669 297,976
Operating lease right-of-use assets 79,987 81,644
Deferred tax asset 17,015 17,767
Goodwill and intangibles, net 162,560 162,195
Other assets 90,225 89,884
Total assets 1,219,954 1,266,503
Current liabilities    
Accounts payable 69,835 78,264
Accrued expenses 102,589 120,138
Current portion of operating lease liabilities 11,671 11,857
Current portion of long-term debt 10,222 10,211
Total current liabilities 194,317 220,470
Long-term debt 465,348 510,003
Operating lease liabilities 71,155 72,305
Deferred income taxes 36,202 38,662
Other long-term liabilities 68,024 63,526
Total liabilities 835,046 904,966
Commitments and contingencies
Shareholders’ equity    
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at July 2, 2023 and January 1, 2023 0 0
Common stock, par value $0.10 per share; 120,000 shares authorized; 58,112 and 58,106 shares issued and outstanding at July 2, 2023 and January 1, 2023, respectively 5,811 5,811
Additional paid-in capital 247,797 244,159
Retained earnings 292,561 278,639
Accumulated other comprehensive loss – foreign currency translation (132,484) (138,775)
Accumulated other comprehensive loss – cash flow hedge (150) (749)
Accumulated other comprehensive loss – pension liability (28,627) (27,548)
Total shareholders’ equity 384,908 361,537
Total liabilities and shareholders’ equity $ 1,219,954 $ 1,266,503