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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 27,462 $ 30,521
Accounts and other receivables, net 127,995 103,312
Income taxes recoverable 641 2,558
Inventories 121,369 88,569
Prepaid expenses and other 8,180 11,275
Current assets of discontinued operations 151 178
Total current assets 285,798 236,413
Property, plant and equipment, at cost 510,596 498,311
Less: accumulated depreciation (336,821) (327,930)
Net property, plant and equipment 173,775 170,381
Right-of-use leased assets 13,111 13,847
Identifiable intangible assets, net 12,879 14,152
Goodwill 70,608 70,608
Deferred Income Tax Assets, Net 12,220 15,723
Other assets 3,423 2,460
Total assets 571,814 523,584
Current liabilities:    
Accounts payable 174,646 123,760
Accrued expenses 32,680 33,104
Lease liability, short-term 2,205 2,158
Income taxes payable 1,362 9,333
Current liabilities of discontinued operations 71 193
Total current liabilities 210,964 168,548
Lease liability, long-term 11,954 12,831
Long-term debt 101,500 73,000
Pension and other postretirement benefit obligations, net 28,415 78,265
Other non-current liabilities 7,196 6,218
Total liabilities 360,029 338,862
Shareholders’ equity:    
Common stock, no par value (issued and outstanding 33,965,478 shares at June 30, 2022 and 33,736,629 shares at December 31, 2021) 56,911 55,174
Common stock held in trust for savings restoration plan (110,564 shares at June 30, 2022 and 108,433 shares at December 31, 2021) (2,161) (2,135)
Foreign currency translation adjustment (85,486) (85,792)
Gain (loss) on derivative financial instruments (2,330) 901
Pension and other postretirement benefit adjustments (59,519) (64,613)
Retained earnings 304,370 281,187
Total shareholders’ equity 211,785 184,722
Total liabilities and shareholders’ equity $ 571,814 $ 523,584