Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 29,757 $ 40,412
Accounts Receivable, Net of Allowance for Estimated Credit Losses 107,439 93,056
Inventories 157,576 157,059
Prepaid Expenses and Other Current Assets 45,089 26,420
Total Current Assets 339,861 316,947
Property, Plant and Equipment, Net of Accumulated Depreciation 95,236 106,678
Operating Right-of-Use Assets, Net 16,169 18,953
Other Assets 5,270 8,999
Intangible Assets, Net of Accumulated Amortization 94,320 109,886
Goodwill 58,282 58,282
Total Assets 609,138 619,745
Current Liabilities:    
Accounts Payable 34,860 26,446
Accrued Payroll and Employee Benefits 19,607 16,285
Accrued Income Taxes 2,621 1,017
Current Operating Lease Liabilities 6,778 4,998
Other Accrued Expenses 27,391 20,419
Customer Advanced Payments and Deferred Revenue 27,356 24,571
Total Current Liabilities 118,613 93,736
Long-term Debt 163,000 173,000
Supplemental Retirement Plan and Other Liabilities for Pension Benefits 31,199 32,437
Long-term Operating Lease Liabilities 12,018 16,637
Other Liabilities 26,283 30,655
Deferred Income Taxes 1,421 2,909
Total Liabilities 352,534 349,374
Shareholders’ Equity:    
Additional Paid-in Capital 92,037 82,187
Accumulated Other Comprehensive Loss (14,495) (16,450)
Retained Earnings 287,225 312,803
Treasury Stock, 3,808,060 Shares at December 31, 2021 and 2020 (108,516) (108,516)
Total Shareholders’ Equity 256,604 270,371
Total Liabilities and Shareholders’ Equity 609,138 619,745
Common Stock    
Shareholders’ Equity:    
Common Stock 289 278
Convertible Class B Stock    
Shareholders’ Equity:    
Common Stock $ 64 $ 69