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INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 300,560 $ 354,032
Accounts receivable, net 345,193 351,993
Inventories 531,439 450,470
Prepaid expenses and other 18,651 21,680
Total current assets 1,195,843 1,178,175
Property, plant and equipment, net 1,348,563 1,341,322
Investment in joint ventures 45,466 45,635
Amortizable intangible assets, net 52,369 61,497
Goodwill 34,821 30,937
Operating lease right-of-use assets 15,230 15,049
Pension asset 3,782 4,397
Other long-term assets 44,401 48,025
Total assets 2,740,475 2,725,037
Current liabilities    
Accounts payable and other 381,923 377,306
Pension and other post-retirement benefit obligations 755 755
Total current liabilities 382,678 378,061
Long-term debt 1,378,531 1,346,508
Pension and other post-retirement benefit obligations 11,426 12,178
Operating lease liabilities 9,501 9,475
Other long-term liabilities 14,170 14,072
Deferred income tax 121,296 125,959
Total liabilities 1,917,602 1,886,253
Shareholders’ equity    
Common shares $1 par value; 200,000,000 authorized; 66,421,000 issued and outstanding (2022 - 66,167,000) 66,386 66,132
Additional paid-in capital 355,467 354,495
Retained earnings 562,559 598,119
Accumulated other comprehensive loss (161,539) (179,962)
Total shareholders’ equity 822,873 838,784
Total liabilities and shareholders’ equity 2,740,475 2,725,037
Commitments and contingencies (Note 15)