Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 146,442	$ 162,902
Trade receivables, less allowance for credit loss of $7,065 and $6,769	294,678	297,028
Inventories (Note 4)	292,604	338,316
Investments, short-term (Note 19)	0	9,905
Prepaid income taxes	12,912	21,700
Notes receivable, insurance companies (Note 20)	0	5,931
Prepaid expenses and other current assets	39,634	44,344
Total current assets	786,270	880,126
Property, plant and equipment, net (Note 5)	211,877	207,552
Operating lease right-of-use assets, net (Note 17)	53,298	44,142
Prepaid pension cost (Note 15)	172,161	141,643
Deferred tax assets (Note 10)	33,065	25,490
Goodwill (Note 13)	627,534	620,622
Intangible assets, net (Note 13)	266,134	281,853
Notes receivable, insurance companies, noncurrent (Note 20)	0	38,695
Insurance receivable (Note 20) and other noncurrent assets	19,811	136,853
Total assets	2,170,150	2,376,976
Liabilities
Notes payable and current portion of long-term debt (Note 12)	26,522	7,387
Accounts payable	111,872	112,532
Employees’ compensation	73,386	45,077
Insurance and product liability (Note 20)	8,521	73,898
Income taxes payable (Note 10)	19,972	6,149
Other current liabilities	92,545	100,822
Total current liabilities	332,818	345,865
Long-term debt, net (Note 12)	575,170	565,445
Pensions and other employee benefits (Note 15)	143,967	137,810
Noncurrent operating lease liabilities (Note 17)	44,495	35,345
Deferred tax liabilities (Note 10)	102,419	31,881
Product liability (Note 20) and other noncurrent liabilities	4,479	336,889
Total liabilities	1,203,348	1,453,235
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; 39,317,212 and 39,213,064 shares outstanding at December 31, 2023 and 2022, respectively)	312,324	281,980
Treasury shares, at cost (Note 7)	(363,284)	(361,438)
Accumulated other comprehensive loss (Note 6)	(129,249)	(158,717)
Retained earnings	1,143,442	1,158,347
Total shareholders’ equity	966,802	923,741
Total liabilities and shareholders’ equity	$ 2,170,150	$ 2,376,976