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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 40,416 $ 38,643
Accounts receivable, net of allowance for doubtful accounts of $431 and $489 at December 31, 2017 and 2016, respectively 91,226 83,252
Inventories 60,696 57,245
Prepaid expenses 4,774 4,110
Deferred income taxes 0 712
Other current assets 2,224 4,480
Total current assets 199,336 188,442
Property, plant and equipment, net 189,793 165,754
Goodwill 441,361 439,811
Intangible assets with finite lives, net 128,073 147,484
Other assets 5,073 7,135
Total assets 963,636 948,626
Current liabilities:    
Trade accounts payable 28,451 32,514
Accrued expenses 22,930 14,758
Accrued compensation and other benefits 8,531 6,648
Dividends payable 13,484 12,088
Current portion of long-term debt 35,000 35,000
Total current liabilities 108,396 101,008
Long-term debt 183,964 226,490
Revolving loan - long-term 0 19,000
Deferred income taxes 48,548 74,199
Other long-term obligations 5,847 6,896
Total liabilities 346,755 427,593
Commitments and contingencies (note 12)
Stockholders' equity:    
Preferred stock, $25 par value. Authorized 2,000,000 shares; none issued and outstanding 0 0
Common stock, $.0667 par value. Authorized 120,000,000 shares; 32,019,605 shares issued and outstanding at December 31, 2017 and 31,757,861 shares issued and outstanding at December 31, 2016 2,135 2,117
Additional paid-in capital 151,749 137,676
Retained earnings 464,639 388,089
Accumulated other comprehensive loss (1,642) (6,849)
Total stockholders' equity 616,881 521,033
Total liabilities and stockholders' equity $ 963,636 $ 948,626