Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 31,906 $ 16,622
Accounts Receivable, Net of Allowance for Doubtful Accounts 147,998 182,308
Inventories 145,787 138,685
Prepaid Expenses and Other Current Assets 15,853 17,198
Assets Held for Sale 1,537 19,358
Total Current Assets 343,081 374,171
Property, Plant and Equipment, Net of Accumulated Depreciation 112,499 120,862
Operating Right-of-Use Assets 23,602  
Other Assets 31,271 21,272
Intangible Assets, Net of Accumulated Amortization 127,293 133,383
Goodwill 144,970 124,952
Total Assets 782,716 774,640
Current Liabilities:    
Current Maturities of Long-term Debt 224 1,870
Accounts Payable 35,842 50,664
Accrued Payroll and Employee Benefits 22,485 31,732
Accrued Income Taxes 1,080 312
Current Operating Lease Liabilities 4,517  
Other Accrued Expenses 25,132 15,728
Customer Advanced Payments and Deferred Revenue 31,360 26,880
Liabilities Held for Sale 0 906
Total Current Liabilities 120,640 128,092
Long-term Debt 188,000 232,112
Supplemental Retirement Plan and Other Liabilities for Pension Benefits 27,247 22,689
Long-term Operating Lease Liabilities 21,039  
Other Liabilities 33,011 1,923
Deferred Income Taxes 3,922 3,199
Total Liabilities 393,859 388,015
Shareholders’ Equity:    
Additional Paid-in Capital 76,340 73,044
Accumulated Other Comprehensive Loss (15,628) (13,329)
Retained Earnings 428,584 376,567
Treasury Stock; 3,526,018 Shares at December 31, 2019, 1,674,714 Shares at December 31, 2018 (100,784) (50,000)
Total Shareholders’ Equity 388,857 386,625
Total Liabilities and Shareholders’ Equity 782,716 774,640
Common Stock    
Shareholders’ Equity:    
Common Stock 269 260
Convertible Class B Stock    
Shareholders’ Equity:    
Common Stock $ 76 $ 83