Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 13,778 $ 29,757
Accounts Receivable, Net of Allowance for Estimated Credit Losses 147,790 107,439
Inventories 187,983 157,576
Prepaid Expenses and Other Current Assets 15,743 45,089
Total Current Assets 365,294 339,861
Property, Plant and Equipment, Net of Accumulated Depreciation 90,658 95,236
Operating Right-of-Use Assets 13,028 16,169
Other Assets 8,605 5,270
Intangible Assets, Net of Accumulated Amortization 79,277 94,320
Goodwill 58,169 58,282
Total Assets 615,031 609,138
Current Liabilities:    
Current Maturities of Long-term Debt 4,500 0
Accounts Payable 64,193 34,860
Accrued Payroll and Employee Benefits 15,588 19,607
Accrued Income Taxes 6,410 2,621
Current Operating Lease Liabilities 4,441 6,778
Other Accrued Expenses 23,913 27,391
Customer Advanced Payments and Deferred Revenue 32,567 27,356
Total Current Liabilities 151,612 118,613
Long-term Debt 159,500 163,000
Supplemental Retirement Plan and Other Liabilities for Pension Benefits 26,604 31,199
Long-term Operating Lease Liabilities 9,942 12,018
Other Liabilities 25,583 26,283
Deferred Income Taxes 1,870 1,421
Total Liabilities 375,111 352,534
Shareholders’ Equity:    
Additional Paid-in Capital 98,630 92,037
Accumulated Other Comprehensive Loss (9,526) (14,495)
Retained Earnings 240,360 287,225
Treasury Stock, 3,154,691 Shares at December 31, 2022, 3,808,060 Shares at December 31, 2021 (89,898) (108,516)
Total Shareholders’ Equity 239,920 256,604
Total Liabilities and Shareholders’ Equity 615,031 609,138
Common Stock    
Shareholders’ Equity:    
Common Stock 291 289
Convertible Class B Stock    
Shareholders’ Equity:    
Common Stock $ 63 $ 64