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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 148,329 $ 146,442
Trade receivables, less allowance for credit loss of $7,597 and $7,065 279,084 294,678
Inventories (Note 4) 305,556 292,604
Prepaid income taxes 13,497 12,912
Prepaid expenses and other current assets 46,479 39,634
Total current assets 792,945 786,270
Property, plant and equipment, net (Note 5) 210,955 211,877
Operating lease right-of-use assets, net 54,458 53,298
Prepaid pension cost (Note 14) 175,891 172,161
Deferred tax assets (Note 10) 34,443 33,065
Goodwill (Note 13) 625,049 627,534
Intangible assets, net (Note 13) 260,925 266,134
Other noncurrent assets 19,664 19,811
Total assets 2,174,330 2,170,150
Liabilities    
Notes payable and current portion of long-term debt (Note 12) 26,462 26,522
Accounts payable 117,125 111,872
Employees’ compensation 38,360 73,386
Income taxes payable (Note 10) 34,231 19,972
Other current liabilities 100,348 101,066
Total current liabilities 316,526 332,818
Long-term debt, net (Note 12) 569,692 575,170
Pensions and other employee benefits (Note 14) 142,016 143,967
Noncurrent operating lease liabilities 45,126 44,495
Deferred tax liabilities (Note 10) 102,228 102,419
Other noncurrent liabilities 3,988 4,479
Total liabilities 1,179,576 1,203,348
Equity    
Preferred stock, 4.5% cumulative, $50 par value (Note 7) 3,569 3,569
Common stock, no par value (Note 7) 315,241 312,324
Treasury shares, at cost (Note 7) (367,599) (363,284)
Accumulated other comprehensive loss (Note 6) (139,548) (129,249)
Retained earnings 1,183,091 1,143,442
Total shareholders’ equity 994,754 966,802
Total liabilities and shareholders’ equity $ 2,174,330 $ 2,170,150