SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

SIGNIFICANT ACCOUNTING POLICIES

Property, Plant and Equipment

Property, plant and equipment, net in the Consolidated Balance Sheet is comprised of the following components:

	December 31,
	2021		2020
Land	$	67,897	$	70,335
Buildings		426,165		433,823
Machinery and equipment		885,718		902,581
		1,379,780		1,406,739
Less accumulated depreciation		868,036		884,647
Total	$	511,744	$	522,092

Schedule of adopted accounting pronouncements

Standard	Description
ASU No. 2019-12, Income Taxes (Topic 740), issued December 2019.	ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The adoption did not have a material impact on the Company’s consolidated financial statements.