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INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 410,705 $ 345,610
Accounts receivable, net 387,779 345,345
Inventories 353,407 356,731
Prepaid expenses and other 17,494 16,619
Total current assets 1,169,385 1,064,305
Property, plant and equipment, net 1,130,337 1,135,631
Investment in joint ventures 49,574 49,651
Amortizable intangible assets, net 47,237 47,902
Operating lease right-of-use assets 9,172 9,712
Pension asset 4,009 4,136
Other long-term assets 45,887 38,718
Deferred income tax 1,343 1,177
Total assets 2,456,944 2,351,232
Current liabilities    
Accounts payable and other 280,366 282,307
Pension and other post-retirement benefit obligations 818 817
Total current liabilities 281,184 283,124
Long-term debt 1,264,525 1,237,545
Pension and other post-retirement benefit obligations 20,884 21,252
Operating lease liabilities 6,110 6,574
Other long-term liabilities 13,270 13,590
Deferred income tax 102,637 95,123
Total liabilities 1,688,610 1,657,208
Shareholders’ equity    
Common shares $1 par value; 200,000,000 authorized; 66,132,000 issued and outstanding (2021 – 66,037,000) 66,083 65,988
Additional paid-in capital 348,756 347,902
Retained earnings 454,864 370,927
Accumulated other comprehensive loss (101,369) (90,793)
Total shareholders’ equity 768,334 694,024
Total liabilities and shareholders’ equity 2,456,944 2,351,232
Commitments and contingencies (Note 13)