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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 02, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 58,637 $ 64,275
Trade accounts receivable, net 112,763 109,754
Inventories 166,955 139,786
Prepaid expenses and other current assets 124,379 117,766
Total Current Assets 462,734 431,581
PROPERTY, PLANT AND EQUIPMENT, NET 141,540 141,141
OTHER ASSETS:    
Goodwill 119,739 119,847
Intangibles, net 241,131 256,338
Lease right-of-use assets, net 41,005 42,491
Deferred income taxes 508 512
Other assets 20,089 20,777
TOTAL ASSETS 1,026,746 1,012,687
CURRENT LIABILITIES:    
Accounts payable 76,872 78,778
Accrued expenses and other current liabilities 96,971 84,510
Accrued compensation and benefits 28,413 30,817
Total Current Liabilities 202,256 194,105
LONG-TERM DEBT 510,851 496,534
DEFERRED INCOME TAXES 18,305 18,238
PENSION LIABILITY, NET 87,445 85,968
LONG-TERM LEASE LIABILITIES 37,011 38,480
OTHER NON-CURRENT LIABILITIES 17,830 20,316
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued and outstanding at July 2, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value; 29,000,000 shares authorized; 21,764,256 and 21,736,911 issued at July 2, 2023 and December 31, 2022, respectively 218 218
Additional paid-in capital 457,952 456,102
Accumulated deficit (187,671) (178,693)
Common treasury stock, at cost (1,372,488 shares at July 2, 2023 and December 31, 2022) (74,472) (74,472)
Accumulated other comprehensive loss, net of tax (42,979) (44,109)
Total Shareholders’ Equity 153,048 159,046
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,026,746 $ 1,012,687