Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and Cash Equivalents $ 17,914 $ 17,901
Accounts Receivable, Net of Allowance for Doubtful Accounts 132,633 109,415
Inventories 150,196 116,597
Prepaid Expenses and Other Current Assets 14,586 11,160
Total Current Assets 315,329 255,073
Property, Plant and Equipment, at Cost:    
Land 11,237 11,112
Buildings and Improvements 81,872 79,191
Machinery and Equipment 105,827 93,683
Construction in Progress 9,761 8,182
Total Property, Plant and Equipment, at Cost 208,697 192,168
Less Accumulated Depreciation 82,867 69,356
Net Property, Plant and Equipment 125,830 122,812
Other Assets 15,659 13,149
Intangible Assets, Net of Accumulated Amortization 153,493 98,103
Goodwill 125,645 115,207
Total Assets 735,956 604,344
Current Liabilities:    
Current Maturities of Long-term Debt 2,689 2,636
Accounts Payable 41,846 25,070
Accrued Payroll and Employee Benefits 24,890 24,743
Accrued Income Taxes 261 62
Other Accrued Expenses 13,598 10,881
Customer Advanced Payments and Deferred Revenue 19,607 23,168
Total Current Liabilities 102,891 86,560
Long-term Debt 269,078 145,484
Supplemental Retirement Plan and Other Liabilities for Pension Benefits 26,030 22,140
Other Liabilities 2,909 1,414
Deferred Income Taxes 5,121 11,297
Total Liabilities 406,029 266,895
Shareholders’ Equity:    
Additional Paid-in Capital 67,791 64,752
Accumulated Other Comprehensive Loss (13,352) (15,494)
Retained Earnings 325,191 305,512
Treasury Stock; 1,674,714 Shares at December 31, 2017, 532,132 Shares at December 31, 2016 (50,000) (17,618)
Total Shareholders’ Equity 329,927 337,449
Total Liabilities and Shareholders’ Equity 735,956 604,344
Common Class Undefined    
Shareholders’ Equity:    
Common Stock 229 220
Convertible Class B Stock    
Shareholders’ Equity:    
Common Stock $ 68 $ 77