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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents (Note A) $ 14,462 $ 25,878
Accounts receivable (Note A) 223,553 166,447
Inventories, net (Notes A and J) 361,115 250,778
Prepaid and other current assets 28,122 20,896
Total current assets 627,252 463,999
Deferred income taxes (Notes A and H) 5,431 3,134
Property, plant, and equipment (Notes A and K) 1,132,223 998,312
Less allowances for depreciation, depletion, and amortization (723,248) (688,626)
Property, plant, and equipment — net 408,975 309,686
Operating lease, right-of-use assets 63,096 62,089
Intangible assets (Notes A and N) 156,736 54,672
Other assets (Note P) 27,369 19,364
Goodwill (Notes A and N) 318,620 144,916
Total Assets 1,607,479 1,057,860
Current liabilities    
Short-term debt (Note O) 15,359 1,937
Accounts payable 86,243 55,640
Salaries and wages 37,544 18,809
Other liabilities and accrued items 53,388 40,887
Income taxes (Notes A and H) 4,205 1,898
Unearned revenue (Note D) 7,770 7,713
Total current liabilities 204,509 126,884
Other long-term liabilities 14,954 14,313
Operating lease liabilities 57,099 56,761
Finance lease liabilities 16,327 20,539
Retirement and post-employment benefits (Note P) 33,394 41,877
Unearned income (Notes A and L) 97,962 86,761
Long-term income taxes (Notes A and H) 1,190 2,689
Deferred income taxes (Notes A and H) 27,216 15,864
Long-term debt (Note O) 434,388 36,542
Shareholders’ equity    
Serial preferred stock (no par value; 5,000 authorized shares, none issued) 0 0
Common stock (no par value; 60,000 authorized shares, issued shares of 27,148 for both 2021 and 2020) 271,978 258,642
Retained earnings 693,756 631,058
Common stock in treasury (6,700 shares for 2021 and 6,820 shares for 2020) (209,920) (199,187)
Accumulated other comprehensive loss (Note Q) (40,169) (38,639)
Other equity 4,795 3,756
Total shareholders’ equity 720,440 655,630
Total Liabilities and Shareholders’ Equity $ 1,607,479 $ 1,057,860