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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 103,239 $ 84,571
Accounts receivable, net of allowance for doubtful accounts of $928 and $2,092 at December 31, 2021 and 2020, respectively 117,408 98,214
Inventories, net 91,058 70,620
Prepaid expenses 6,116 6,598
Prepaid income taxes 0 3,447
Other current assets 4,411 3,438
Total current assets 322,232 266,888
Property, plant and equipment, net 237,517 228,096
Goodwill 523,949 529,463
Intangible assets with finite lives, net 94,665 121,660
Right of use assets - operating leases 6,929 5,838
Right of use assets - finance lease 2,359 2,572
Other assets 11,674 11,326
Total assets 1,199,325 1,165,843
Current liabilities:    
Trade accounts payable 56,243 23,742
Accrued expenses 43,411 29,655
Accrued compensation and other benefits 19,567 19,753
Dividends payable 20,886 18,941
Income tax payable 1,334 0
Operating lease liabilities - current 2,194 2,178
Finance lease liabilities - current 167 159
Total current liabilities 143,802 94,428
Revolving loan 108,569 163,569
Deferred income taxes 46,455 51,359
Operating lease liabilities - non-current 4,811 3,607
Finance lease liabilities - non-current 2,303 2,472
Derivative liabilities 2,658 11,658
Other long-term obligations 13,712 10,517
Total liabilities 322,310 337,610
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $25 par value. Authorized 2,000,000 shares; none issued and outstanding 0 0
Common stock, $.0667 par value. Authorized 120,000,000 shares; 32,287,150 shares issued and outstanding at December 31, 2021 and 32,372,621 shares issued and outstanding at December 31, 2020, respectively 2,154 2,160
Additional paid-in capital 147,716 165,160
Retained earnings 732,138 656,740
Accumulated other comprehensive (loss)/income (4,993) 4,173
Total stockholders’ equity 877,015 828,233
Total liabilities and stockholders’ equity $ 1,199,325 $ 1,165,843