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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
CURRENT ASSETS:      
Cash and cash equivalents $ 46,628 $ 105,840 $ 96,617
Restricted cash 355 386 402
Investments 76,462 39,968 42,584
Accounts receivable trade, less allowances of $2,153, $2,281 and $1,767 44,706 54,921 36,133
Other receivables 4,305 3,920 3,652
Inventories:      
Finished goods and work-in-process 63,863 31,431 57,811
Raw materials and supplies 37,225 24,074 30,473
Prepaid expenses 7,213 7,761 9,794
Total current assets 280,757 268,301 277,466
PROPERTY, PLANT AND EQUIPMENT, at cost:      
Land 21,691 21,704 21,732
Buildings 130,152 130,158 123,880
Machinery and equipment 446,438 446,777 421,420
Construction in progress 26,828 15,344 28,280
Operating lease right-of-use assets 7,019 7,419 6,892
Property, plant and equipment, gross 632,128 621,402 602,204
Less - accumulated depreciation 419,998 412,496 403,996
Net property, plant and equipment 212,130 208,906 198,208
OTHER ASSETS:      
Goodwill 73,237 73,237 73,237
Trademarks 175,024 175,024 175,024
Investments 258,075 291,175 264,693
Split dollar officer life insurance     2,514
Prepaid expenses and other assets 494 603 2,771
Deferred income taxes 1,397 1,372 1,045
Total other assets 508,227 541,411 519,284
Total assets 1,001,114 1,018,618 994,958
CURRENT LIABILITIES:      
Accounts payable 21,618 14,969 20,317
Bank loans 1,020 939 986
Dividends payable 6,210 6,042 6,077
Accrued liabilities 52,010 53,896 46,389
Postretirement health care benefits 616 616 544
Operating lease liabilities 1,000 1,072 818
Income taxes payable   2,434 468
Total current liabilities 82,474 79,968 75,599
NONCURRENT LIABILITIES:      
Deferred income taxes 43,051 45,461 47,664
Postretirement health care benefits 12,601 12,619 12,956
Industrial development bonds 7,500 7,500 7,500
Liability for uncertain tax positions 3,584 3,415 3,608
Operating lease liabilities 6,019 6,347 6,074
Deferred compensation and other liabilities 76,870 94,511 88,971
Total noncurrent liabilities 149,625 169,853 166,773
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Capital in excess of par value 746,026 709,880 722,617
Retained earnings 8,692 39,545 6,846
Accumulated other comprehensive loss (31,368) (25,013) (21,541)
Treasury stock (at cost) - 99, 96 and 96 shares, respectively (1,992) (1,992) (1,992)
Total Tootsie Roll Industries, Inc. shareholders' equity 769,276 769,042 752,819
Noncontrolling interests (261) (245) (233)
Total equity 769,015 768,797 752,586
Total liabilities and shareholders' equity 1,001,114 1,018,618 994,958
Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value 28,041 27,322 27,569
Class B Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value $ 19,877 $ 19,300 $ 19,320