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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 140,895 $ 160,672
Trade receivables, less allowance for credit loss of $5,789 and $5,344 254,187 252,283
Inventories (Note 4) [1] 280,617 244,966
Investments, short-term (Note 19) 48,974 74,982
Prepaid income taxes 21,235 26,185
Notes receivable, insurance companies (Note 20) 3,914 3,796
Prepaid expenses and other current assets 42,982 38,541
Total current assets 792,804 801,425
Property, plant and equipment, net (Note 5) 207,793 189,620
Operating lease right-of-use assets, net (Note 17) 50,178 53,451
Prepaid pension cost (Note 15) 163,283 97,545
Deferred tax assets (Note 10) 35,257 35,665
Goodwill (Note 13) 636,858 443,272
Intangible assets, net (Note 13) 306,948 161,051
Notes receivable, insurance companies, noncurrent (Note 20) 44,626 48,540
Insurance receivable (Note 20) and other noncurrent assets 158,649 89,062
Total assets 2,396,396 1,919,631
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 0 20,000
Accounts payable 106,780 86,854
Employees’ compensation 49,884 40,277
Insurance and product liability (Note 20) 55,125 43,706
Income taxes payable (Note 10) 5,366 3,580
Accrued restructuring (Note 3) and other current liabilities 113,451 116,128
Total current liabilities 330,606 310,545
Long-term debt, net (Note 12) 597,651 287,157
Pensions and other employee benefits (Note 15) 189,973 208,068
Noncurrent operating lease liabilities (Note 17) 40,706 44,639
Deferred tax liabilities (Note 10) [1] 33,337 20,760
Product liability (Note 20) and other noncurrent liabilities 369,735 201,268
Total liabilities 1,562,008 1,072,437
Commitments and contingencies (Note 20)
Shareholders' Equity    
Preferred stock, 4.5% cumulative, $50 par value (Note 7) 3,569 3,569
Common stock, no par value (180,000,000 shares authorized; 62,081,391 shares issued; 39,276,518 and 39,067,902 shares outstanding at December 31, 2021 and 2020, respectively) 260,121 242,693
Treasury shares, at cost (Note 7) (330,376) (327,756)
Accumulated other comprehensive loss (Note 6) (149,140) (182,397)
Retained earnings [1] 1,050,214 1,103,092
Total MSA Safety Incorporated shareholders’ equity 834,388 839,201
Noncontrolling interests (Note 14) 0 7,993
Total shareholders’ equity 834,388 847,194
Total liabilities and shareholders’ equity $ 2,396,396 $ 1,919,631
[1] *December 31, 2020 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 4 to the consolidated financial statements.