XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 110,899 $ 96,314
Restricted cash 388 406
Investments 75,140 41,606
Accounts receivable trade, less allowances of $1,820 and $1,921 49,777 47,354
Other receivables 2,941 5,425
Inventories:    
Finished goods & work-in-process 32,159 31,922
Raw material & supplies 22,365 22,905
Income taxes receivable   12,974
Prepaid expenses 10,377 12,014
Total current assets 304,046 270,920
PROPERTY, PLANT & EQUIPMENT, at cost:    
Land 21,726 21,962
Buildings 121,780 118,491
Machinery & equipment 401,037 381,665
Construction in progress 3,408 4,866
Property, plant and equipment, gross 547,951 526,984
Less-accumulated depreciation 361,850 348,012
Net property, plant and equipment 186,101 178,972
OTHER ASSETS:    
Goodwill 73,237 73,237
Trademarks 175,024 175,024
Investments 170,409 190,510
Split dollar officer life insurance 26,042 26,042
Prepaid expenses and other 11,980 15,817
Deferred income taxes 522 424
Total other assets 457,214 481,054
Total assets 947,361 930,946
CURRENT LIABILITIES:    
Accounts payable 11,817 11,928
Bank loans 373 440
Dividends payable 5,772 5,660
Accrued liabilities 42,849 45,157
Postretirement health care benefits 580 603
Total current liabilities 61,391 63,788
NONCURRENT LIABILITIES:    
Deferred income taxes 43,941 41,457
Postretirement health care benefits 11,871 12,894
Industrial development bonds 7,500 7,500
Liability for uncertain tax positions 3,816 4,817
Deferred compensation and other liabilities 68,345 66,686
Total noncurrent liabilities 135,473 133,354
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:    
Capital in excess of par value 696,535 656,752
Retained earnings 33,767 57,225
Accumulated other comprehensive loss (22,222) (21,791)
Treasury stock (at cost)— 88 shares and 85 shares, respectively (1,992) (1,992)
Total Tootsie Roll Industries, Inc. shareholders' equity 750,622 733,840
Noncontrolling interests (125) (36)
Total equity 750,497 733,804
Total liabilities and shareholders' equity 947,361 930,946
Common Stock    
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:    
Common stock, $.69-4/9 par value— 120,000 shares authorized— 38,544 and 37,960, respectively, issued. Class B common stock, $.69-4/9 par value— 40,000 shares authorized— 25,584 and 24,891, respectively, issued 26,767 26,361
Class B Common Stock    
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:    
Common stock, $.69-4/9 par value— 120,000 shares authorized— 38,544 and 37,960, respectively, issued. Class B common stock, $.69-4/9 par value— 40,000 shares authorized— 25,584 and 24,891, respectively, issued $ 17,767 $ 17,285