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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
CURRENT ASSETS:      
Cash and cash equivalents $ 26,047 $ 53,270 $ 46,628
Restricted cash 371 365 355
Investments 83,165 96,128 76,462
Accounts receivable trade, less allowances of $2,488, $2,335 and $2,153 49,802 58,556 44,706
Other receivables 7,174 4,299 4,305
Inventories:      
Finished goods and work-in-process 92,370 43,595 63,863
Raw materials and supplies 47,557 40,671 37,225
Prepaid expenses 8,105 12,144 7,213
Total current assets 314,591 309,028 280,757
PROPERTY, PLANT AND EQUIPMENT, at cost:      
Land 21,782 21,715 21,691
Buildings 142,613 142,462 130,152
Machinery and equipment 468,721 467,977 446,438
Construction in progress 13,370 4,325 26,828
Operating lease right-of-use assets 6,291 4,703 7,019
Property, plant and equipment, gross 652,777 641,182 632,128
Less - accumulated depreciation 438,456 429,139 419,998
Net property, plant and equipment 214,321 212,043 212,130
OTHER ASSETS:      
Goodwill 73,237 73,237 73,237
Trademarks 175,024 175,024 175,024
Investments 252,459 247,528 258,075
Prepaid expenses and other assets 2,693 465 494
Deferred income taxes 1,664 1,454 1,397
Total other assets 505,077 497,708 508,227
Total assets 1,033,989 1,018,779 1,001,114
CURRENT LIABILITIES:      
Accounts payable 22,156 25,246 21,618
Bank loans 1,051 1,051 1,020
Dividends payable 6,303 6,154 6,210
Accrued liabilities 59,655 54,444 52,010
Postretirement health care benefits 658 658 616
Operating lease liabilities 1,172 791 1,000
Income taxes payable   1,790  
Total current liabilities 90,995 90,134 82,474
NONCURRENT LIABILITIES:      
Deferred income taxes 45,662 45,005 43,051
Postretirement health care benefits 9,304 9,303 12,601
Industrial development bonds 7,500 7,500 7,500
Liability for uncertain tax positions 3,913 3,747 3,584
Operating lease liabilities 5,182 3,952 6,019
Deferred compensation and other liabilities 86,359 76,256 76,870
Total noncurrent liabilities 157,920 145,763 149,625
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Capital in excess of par value 753,839 719,606 746,026
Retained earnings 11,656 48,276 8,692
Accumulated other comprehensive loss (26,698) (30,169) (31,368)
Treasury stock (at cost) - 102, 99 and 99 shares, respectively (1,992) (1,992) (1,992)
Total Tootsie Roll Industries, Inc. shareholders' equity 785,376 783,171 769,276
Noncontrolling interests (302) (289) (261)
Total equity 785,074 782,882 769,015
Total liabilities and shareholders' equity 1,033,989 1,018,779 1,001,114
Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value 28,118 27,584 28,041
Class B Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value $ 20,453 $ 19,866 $ 19,877