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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 64,447 $ 66,560
Accounts receivable, net of allowance for doubtful accounts of $908 and $1,226 at December 31, 2023 and 2022, respectively 125,284 131,578
Inventories, net 109,521 119,668
Prepaid expenses 7,798 4,903
Derivative assets 0 5,993
Other current assets 7,192 7,101
Total current assets 314,242 335,803
Property, plant and equipment, net 276,039 271,355
Goodwill 778,907 769,509
Intangible assets with finite lives, net 191,212 213,295
Right of use assets - operating leases 17,763 17,094
Right of use assets - finance lease 2,101 2,338
Other non-current assets 16,947 15,118
Total assets 1,597,211 1,624,512
Current liabilities:    
Trade accounts payable 55,503 57,322
Accrued expenses 40,855 36,745
Accrued compensation and other benefits 17,228 16,544
Dividends payable 25,717 23,129
Income tax payable 4,967 2,280
Operating lease liabilities - current 3,949 3,796
Finance lease liabilities - current 272 226
Total current liabilities 148,491 140,042
Revolving loan 309,569 440,569
Deferred income taxes 52,046 62,784
Operating lease liabilities - non-current 14,601 13,806
Finance lease liabilities - non-current 1,943 2,213
Other long-term obligations 16,577 26,814
Total liabilities 543,227 686,228
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; 32,254,728 shares issued and outstanding at December 31, 2023 and 32,152,787 shares issued and outstanding at December 31, 2022, respectively 2,152 2,145
Additional paid-in capital 145,653 128,806
Retained earnings 897,488 814,487
Accumulated other comprehensive income (loss) 8,691 (7,154)
Total stockholders’ equity 1,053,984 938,284
Total liabilities and stockholders’ equity $ 1,597,211 $ 1,624,512