Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 4,756 $ 13,778
Restricted Cash 6,557 0
Accounts Receivable, Net of Allowance for Estimated Credit Losses 172,108 147,790
Inventories 191,801 187,983
Prepaid Expenses and Other Current Assets 14,560 15,743
Total Current Assets 389,782 365,294
Property, Plant and Equipment, Net of Accumulated Depreciation 85,436 90,658
Operating Right-of-Use Assets 27,909 13,028
Other Assets 7,035 8,605
Intangible Assets, Net of Accumulated Amortization 65,420 79,277
Goodwill 58,210 58,169
Total Assets 633,792 615,031
Current Liabilities:    
Current Maturities of Long-term Debt 8,996 4,500
Accounts Payable 61,134 64,193
Accrued Payroll and Employee Benefits 22,038 15,588
Accrued Income Taxes 3,045 6,410
Current Operating Lease Liabilities 5,069 4,441
Other Accrued Expenses 21,023 23,913
Customer Advanced Payments and Deferred Revenue 22,029 32,567
Total Current Liabilities 143,334 151,612
Long-term Debt 159,237 159,500
Supplemental Retirement Plan and Other Liabilities for Pension Benefits 29,290 26,604
Long-term Operating Lease Liabilities 24,376 9,942
Other Liabilities 26,730 25,583
Deferred Income Taxes 1,307 1,870
Total Liabilities 384,274 375,111
Shareholders’ Equity:    
Additional Paid-in Capital 129,544 98,630
Accumulated Other Comprehensive Loss (9,426) (9,526)
Retained Earnings 209,753 240,360
Treasury Stock, 2,832,825 Shares at December 31, 2023 3,154,691 Shares at December 31, 2022 (80,726) (89,898)
Total Shareholders’ Equity 249,518 239,920
Total Liabilities and Shareholders’ Equity 633,792 615,031
Common Stock    
Shareholders’ Equity:    
Common Stock 314 291
Convertible Class B Stock    
Shareholders’ Equity:    
Common Stock $ 59 $ 63