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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 02, 2023
Jan. 01, 2023
Current assets    
Cash and cash equivalents $ 101,273 $ 97,564
Accounts receivable, net 147,759 182,807
Inventories, net 312,745 306,327
Assets held for sale 3,433 0
Prepaid expenses and other current assets 46,563 30,339
Total current assets 611,773 617,037
Property, plant and equipment, net 291,838 297,976
Operating lease right-of-use assets 80,226 81,644
Deferred tax asset 17,386 17,767
Goodwill and intangibles, net 162,890 162,195
Other assets 89,092 89,884
Total assets 1,253,205 1,266,503
Current liabilities    
Accounts payable 85,640 78,264
Accrued expenses 114,027 120,138
Current portion of operating lease liabilities 11,601 11,857
Current portion of long-term debt 10,216 10,211
Total current liabilities 221,484 220,470
Long-term debt 490,901 510,003
Operating lease liabilities 71,325 72,305
Deferred income taxes 39,213 38,662
Other long-term liabilities 63,253 63,526
Total liabilities 886,176 904,966
Commitments and contingencies
Shareholders’ equity    
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at April 2, 2023 and January 1, 2023 0 0
Common stock, par value $0.10 per share; 120,000 shares authorized; 58,053 and 58,106 shares issued and outstanding at April 2, 2023 and January 1, 2023, respectively 5,805 5,811
Additional paid-in capital 246,001 244,159
Retained earnings 277,345 278,639
Accumulated other comprehensive loss – foreign currency translation (133,845) (138,775)
Accumulated other comprehensive loss – cash flow hedge (450) (749)
Accumulated other comprehensive loss – pension liability (27,827) (27,548)
Total shareholders’ equity 367,029 361,537
Total liabilities and shareholders’ equity $ 1,253,205 $ 1,266,503