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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 162,902 $ 140,895
Trade receivables, less allowance for credit loss of $6,769 and $5,789 297,028 254,187
Inventories (Note 4) 338,316 280,617
Investments, short-term (Note 19) 9,905 48,974
Prepaid income taxes 21,700 21,235
Notes receivable, insurance companies (Note 20) 5,931 3,914
Prepaid expenses and other current assets 44,344 42,982
Total current assets 880,126 792,804
Property, plant and equipment, net (Note 5) 207,552 207,793
Operating lease right-of-use assets, net (Note 17) 44,142 50,178
Prepaid pension cost (Note 15) 141,643 163,283
Deferred tax assets (Note 10) 25,490 35,257
Goodwill (Note 13) 620,622 636,858
Intangible assets, net (Note 13) 281,853 306,948
Notes receivable, insurance companies, noncurrent (Note 20) 38,695 44,626
Insurance receivable (Note 20) and other noncurrent assets 136,853 158,649
Total assets 2,376,976 2,396,396
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 7,387 0
Accounts payable 112,532 106,780
Employees’ compensation 45,077 49,884
Insurance and product liability (Note 20) 73,898 55,125
Income taxes payable (Note 10) 6,149 5,366
Accrued restructuring (Note 3) and other current liabilities 100,822 113,451
Total current liabilities 345,865 330,606
Long-term debt, net (Note 12) 565,445 597,651
Pensions and other employee benefits (Note 15) 137,810 189,973
Noncurrent operating lease liabilities (Note 17) 35,345 40,706
Deferred tax liabilities (Note 10) 31,881 33,337
Product liability (Note 20) and other noncurrent liabilities 336,889 369,735
Total liabilities 1,453,235 1,562,008
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; 39,213,064 and 39,276,518 shares outstanding at December 31, 2022 and 2021, respectively) 281,980 260,121
Treasury shares, at cost (Note 7) (361,438) (330,376)
Accumulated other comprehensive loss (Note 6) (158,717) (149,140)
Retained earnings 1,158,347 1,050,214
Total shareholders’ equity 923,741 834,388
Total liabilities and shareholders’ equity $ 2,376,976 $ 2,396,396