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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 164,560 $ 146,442
Trade receivables, less allowance for credit loss of $8,047 and $7,065 279,213 294,678
Inventories (Note 5) 296,796 292,604
Prepaid income taxes 18,631 12,912
Prepaid expenses and other current assets 43,830 39,634
Total current assets 803,030 786,270
Property, plant and equipment, net (Note 6) 211,865 211,877
Operating lease right-of-use assets, net (Note 17) 56,083 53,298
Prepaid pension cost (Note 15) 224,638 172,161
Deferred tax assets (Note 11) 26,180 33,065
Goodwill (Note 14) 620,895 627,534
Intangible assets, net (Note 14) 246,437 266,134
Other noncurrent assets 16,656 19,811
Total assets 2,205,784 2,170,150
Liabilities    
Notes payable and current portion of long-term debt (Note 13) 26,391 26,522
Accounts payable 108,163 111,872
Employees’ compensation 54,826 73,386
Income taxes payable (Note 11) 14,966 19,972
Other current liabilities 83,747 101,066
Total current liabilities 288,093 332,818
Long-term debt, net (Note 13) 481,622 575,170
Pensions (Note 15) and other employee benefits 134,251 143,967
Noncurrent operating lease liabilities (Note 17) 45,984 44,495
Deferred tax liabilities (Note 11) 107,691 102,419
Other noncurrent liabilities 4,824 4,479
Total liabilities 1,062,465 1,203,348
Shareholders' Equity    
Preferred stock, 4.5% cumulative, $50 par value (Note 8) 3,569 3,569
Common stock, no par value (180,000,000 shares authorized; 62,081,391 shares issued; 39,260,080 and 39,317,212 shares outstanding at December 31, 2024 and 2023, respectively) 329,953 312,324
Treasury shares, at cost (Note 8) (398,204) (363,284)
Accumulated other comprehensive loss (Note 7) (141,649) (129,249)
Retained earnings 1,349,650 1,143,442
Total shareholders’ equity 1,143,319 966,802
Total liabilities and shareholders’ equity $ 2,205,784 $ 2,170,150