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INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 263,173 $ 313,992
Accounts receivable, net 344,819 306,166
Inventories 399,515 414,161
Prepaid expenses and other 26,177 23,461
Assets classified as held for sale 35,052 35,125
Total current assets 1,068,736 1,092,905
Property, plant and equipment, net 1,332,414 1,409,937
Investment in joint ventures 3,984 41,665
Amortizable intangible assets, net 54,548 52,641
Goodwill 0 35,381
Operating lease right-of-use assets 9,432 11,725
Pension asset 5,458 5,588
Other long-term assets 9,890 12,736
Total assets 2,484,462 2,662,578
Current liabilities    
Accounts payable and other 300,550 278,986
Pension and other post-retirement benefit obligations 798 826
Liabilities associated with assets held for sale 7,262 6,625
Total current liabilities 308,610 286,437
Long-term debt 1,569,068 1,609,425
Pension and other post-retirement benefit obligations 12,425 12,483
Operating lease liabilities 5,973 7,755
Other long-term liabilities 13,343 13,744
Deferred income tax 87,374 97,324
Total liabilities 1,996,793 2,027,168
Shareholders’ equity    
Common shares $1 par value; 200,000,000 authorized; 66,871,000 issued and outstanding (2023 - 66,525,000) 66,850 66,471
Additional paid-in capital 362,313 359,497
Retained earnings 241,795 336,113
Accumulated other comprehensive loss (183,289) (126,671)
Total shareholders’ equity 487,669 635,410
Total liabilities and shareholders’ equity 2,484,462 2,662,578
Commitments and contingencies (Note 16)