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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 66,560 $ 103,239
Accounts receivable, net of allowance for doubtful accounts of $1,226 and $928 at December 31, 2022 and 2021, respectively 131,578 117,408
Inventories, net 119,668 91,058
Prepaid expenses 4,903 6,116
Derivative assets 5,993 0
Other current assets 7,101 4,411
Total current assets 335,803 322,232
Property, plant and equipment, net 271,355 237,517
Goodwill 769,509 523,949
Intangible assets with finite lives, net 213,295 94,665
Right of use assets - operating leases 17,094 6,929
Right of use assets - finance lease 2,338 2,359
Other assets 15,118 11,674
Total assets 1,624,512 1,199,325
Current liabilities:    
Trade accounts payable 57,322 56,243
Accrued expenses 36,745 43,411
Accrued compensation and other benefits 16,544 19,567
Dividends payable 23,129 20,886
Income tax payable 2,280 1,334
Operating lease liabilities - current 3,796 2,194
Finance lease liabilities - current 226 167
Total current liabilities 140,042 143,802
Revolving loan 440,569 108,569
Deferred income taxes 62,784 46,455
Operating lease liabilities - non-current 13,806 4,811
Finance lease liabilities - non-current 2,213 2,303
Derivative liabilities 0 2,658
Other long-term obligations 26,814 13,712
Total liabilities 686,228 322,310
Commitments and contingencies (Note 16)
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; 32,152,787 shares issued and outstanding at December 31, 2022 and 32,287,150 shares issued and outstanding at December 31, 2021, respectively 2,145 2,154
Additional paid-in capital 128,806 147,716
Retained earnings 814,487 732,138
Accumulated other comprehensive loss (7,154) (4,993)
Total stockholders’ equity 938,284 877,015
Total liabilities and stockholders’ equity $ 1,624,512 $ 1,199,325