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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 75,915 $ 53,270
Restricted cash 375 365
Investments 95,507 96,128
Accounts receivable trade, less allowances of $2,245 and $2,335 55,568 58,556
Other receivables 9,165 4,299
Inventories:    
Finished goods and work-in-process 51,240 43,595
Raw materials and supplies 43,681 40,671
Prepaid expenses 9,200 12,144
Total current assets 340,651 309,028
PROPERTY, PLANT AND EQUIPMENT, at cost:    
Land 21,862 21,715
Buildings 144,949 142,462
Machinery and equipment 485,265 467,977
Construction in progress 11,277 4,325
Operating lease right-of-use assets 7,145 4,703
Property, plant and equipment, gross 670,498 641,182
Less - accumulated depreciation 447,520 429,139
Net property, plant and equipment 222,978 212,043
OTHER ASSETS:    
Goodwill 73,237 73,237
Trademarks 175,024 175,024
Investments 255,606 247,528
Prepaid expenses and other assets 15,189 465
Deferred income taxes 1,706 1,454
Total other assets 520,762 497,708
Total assets 1,084,391 1,018,779
CURRENT LIABILITIES:    
Accounts payable 15,816 25,246
Bank loans 1,088 1,051
Dividends payable 6,250 6,154
Accrued liabilities 61,690 54,444
Postretirement health care benefits 665 658
Operating lease liabilities 1,289 791
Income taxes payable 8,090 1,790
Total current liabilities 94,888 90,134
NONCURRENT LIABILITIES:    
Deferred income taxes 45,477 45,005
Postretirement health care benefits 9,653 9,303
Industrial development bonds 7,500 7,500
Liability for uncertain tax positions 2,777 3,747
Operating lease liabilities 6,018 3,952
Deferred compensation and other liabilities 94,971 76,256
Total noncurrent liabilities 166,396 145,763
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:    
Capital in excess of par value 737,453 719,606
Retained earnings 62,949 48,276
Accumulated other comprehensive loss (23,213) (30,169)
Treasury stock (at cost) - 102 shares and 99 shares, respectively (1,992) (1,992)
Total Tootsie Roll Industries, Inc. shareholders' equity 823,422 783,171
Noncontrolling interests (315) (289)
Total equity 823,107 782,882
Total liabilities and shareholders' equity 1,084,391 1,018,779
Common Stock    
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:    
Common stock, value 27,777 27,584
Class B Common Stock    
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:    
Common stock, value $ 20,448 $ 19,866