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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 21,193 $ 19,232
Accounts and other receivables, net 79,139 84,544
Income taxes recoverable 1,216 733
Inventories 86,692 127,771
Prepaid expenses and other 10,214 10,304
Total current assets 198,454 242,584
Property, plant and equipment, at cost 545,048 531,921
Less: accumulated depreciation (355,156) (345,510)
Net property, plant and equipment 189,892 186,411
Right-of-use leased assets 12,794 14,021
Identifiable intangible assets, net 10,785 11,690
Goodwill 55,195 70,608
Deferred Income Tax Assets, Net 14,610 13,900
Other assets 3,139 2,879
Total assets 484,869 542,093
Current liabilities:    
Accounts payable 82,290 114,938
Accrued expenses 23,501 31,603
Lease liability, short-term 2,163 2,035
Income taxes payable 579 1,137
Total current liabilities 108,533 149,713
Lease liability, long-term 11,991 12,738
Long-term debt 141,000 137,000
Pension and other postretirement benefit obligations, net 35,747 35,046
Other non-current liabilities 4,449 5,834
Total liabilities $ 301,720 340,331
Common Stock, Shares Authorized 150,000,000  
Shareholders’ equity:    
Common stock, no par value (authorized shares 150,000,000, issued and outstanding 34,363,845 shares at June 30, 2023 and 34,000,642 shares at December 31, 2022) $ 60,078 58,824
Common stock held in trust for savings restoration plan (116,336 shares at June 30, 2023 and 113,316 shares at December 31, 2022) (2,218) (2,188)
Foreign currency translation adjustment (83,338) (86,079)
Gain (loss) on derivative financial instruments (843) (2,480)
Pension and other postretirement benefit adjustments (54,463) (59,036)
Retained earnings 263,933 292,721
Total shareholders’ equity 183,149 201,762
Total liabilities and shareholders’ equity $ 484,869 $ 542,093