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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 165,067 $ 164,560
Trade receivables, less allowance for credit loss of $10,286 and $8,047 306,452 279,213
Inventories (Note 5) 343,035 296,796
Prepaid income taxes 22,465 18,631
Prepaid expenses and other current assets 32,273 43,830
Total current assets 869,292 803,030
Property, plant and equipment, net (Note 6) 283,063 211,865
Operating lease right-of-use assets, net (Note 18) 56,930 56,083
Prepaid pension cost (Note 16) 279,450 224,638
Deferred tax assets (Note 11) 20,991 26,180
Goodwill (Note 14) 731,592 620,895
Intangible assets, net (Note 14) 299,127 246,437
Other noncurrent assets 13,929 16,656
Total assets 2,554,374 2,205,784
Liabilities    
Notes payable and current portion of long-term debt (Note 13) 8,225 26,391
Accounts payable 110,775 108,163
Employees’ compensation 57,640 54,826
Income taxes payable (Note 11) 14,240 14,966
Other current liabilities 98,331 83,747
Total current liabilities 289,211 288,093
Long-term debt, net (Note 13) 572,709 481,622
Pensions (Note 16) and other employee benefits 143,834 134,251
Noncurrent operating lease liabilities (Note 18) 46,151 45,984
Deferred tax liabilities (Note 11) 127,540 107,691
Other noncurrent liabilities 7,917 4,824
Total liabilities 1,187,362 1,062,465
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; 38,912,629 and 39,260,080 shares outstanding at December 31, 2025 and 2024, respectively) 343,842 329,953
Treasury shares, at cost (Note 8) (484,848) (398,204)
Accumulated other comprehensive loss (Note 7) (41,781) (141,649)
Retained earnings 1,546,230 1,349,650
Total shareholders’ equity 1,367,012 1,143,319
Total liabilities and shareholders’ equity $ 2,554,374 $ 2,205,784