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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 03, 2022
Jan. 02, 2022
Current assets    
Cash and cash equivalents $ 91,653 $ 97,252
Accounts receivable, net 174,023 171,676
Inventories, net 318,076 265,092
Prepaid expenses and other current assets 42,938 38,320
Total current assets 626,690 572,340
Property, plant and equipment, net 306,520 329,801
Operating lease right-of-use assets 84,788 90,561
Deferred tax asset 23,559 23,994
Goodwill and intangibles, net 193,224 223,204
Other assets 78,666 90,157
Total assets 1,313,447 1,330,057
Current liabilities    
Accounts payable 92,578 85,924
Accrued expenses 127,978 146,298
Current portion of operating lease liabilities 14,152 14,588
Current portion of long-term debt 14,651 15,002
Total current liabilities 249,359 261,812
Long-term debt 530,716 503,056
Operating lease liabilities 72,816 77,905
Deferred income taxes 32,559 36,723
Other long-term liabilities 80,620 87,163
Total liabilities 966,070 966,659
Commitments and Contingencies
Shareholders’ equity    
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at July 3, 2022 and January 2, 2022 0 0
Common stock, par value $0.10 per share; 120,000 shares authorized; 59,097 and 59,055 shares issued and outstanding at July 3, 2022 and January 2, 2022, respectively 5,910 5,905
Additional paid-in capital 251,452 253,110
Retained earnings 290,358 261,434
Accumulated other comprehensive loss – foreign currency translation (150,295) (100,441)
Accumulated other comprehensive loss – cash flow hedge (1,541) (2,722)
Accumulated other comprehensive loss – pension liability (48,507) (53,888)
Total shareholders’ equity 347,377 363,398
Total liabilities and shareholders’ equity $ 1,313,447 $ 1,330,057