XML 12 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF Financial Position - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
CURRENT ASSETS:      
Cash & cash equivalents $ 95,057 $ 126,145 $ 85,430
Restricted cash 414 395  
Investments 38,750 42,155 52,530
Trade accounts receivable, less allowances of $2,224, $2,225 & $1,976 40,448 51,010 41,511
Other receivables 2,693 2,772 3,965
Inventories:      
Finished goods & work-in-process 39,315 35,032 52,591
Raw material & supplies 29,721 27,231 28,262
Prepaid expenses 5,724 5,935 6,198
Deferred income taxes 3,152 3,131 7,094
Total current assets 255,274 293,806 277,581
PROPERTY, PLANT & EQUIPMENT, at cost:      
Land 22,223 22,188 22,251
Buildings 114,581 114,562 113,199
Machinery & equipment 355,611 357,627 350,497
Construction in progress 13,492 5,158 3,645
Property, plant and equipment, gross 505,907 499,535 489,592
Less-accumulated depreciation 317,869 314,949 302,877
Net property, plant and equipment 188,038 184,586 186,715
OTHER ASSETS:      
Goodwill 73,237 73,237 73,237
Trademarks 175,024 175,024 175,024
Investments 176,483 152,930 156,053
Split dollar officer life insurance 26,042 26,042 33,632
Prepaid expenses 2,041 3,050 5,889
Restricted cash     1,225
Deferred income taxes 310 308 1,575
Total other assets 453,137 430,591 446,635
Total assets 896,449 908,983 910,931
CURRENT LIABILITIES:      
Accounts payable 12,933 11,322 14,432
Bank loan 489 231 179
Dividends payable 144 5,486 130
Accrued liabilities 43,273 50,117 43,551
Postretirement health care benefits 328 448 328
Income taxes payable 1,935 4,436 2,807
Deferred compensation 668 22 14,284
Total current liabilities 59,770 72,062 75,711
NONCURRENT LIABILITIES:      
Deferred income taxes 48,240 47,594 51,844
Bank loans 364 383 484
Postretirement health care benefits 11,052 10,952 12,154
Industrial development bonds 7,500 7,500 7,500
Liability for uncertain tax positions 4,983 5,101 8,453
Deferred compensation and other liabilities 67,051 66,843 66,678
Total noncurrent liabilities 139,190 138,373 147,113
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Capital in excess of par value 668,864 622,882 650,724
Retained earnings 2,972 52,349 11,922
Accumulated other comprehensive loss (16,101) (17,364) (15,758)
Treasury stock (at cost)- 83, 80 & 80 shares, respectively (1,992) (1,992) (1,992)
Total Tootsie Roll Industries, Inc. shareholders' equity 697,164 698,183 687,831
Noncontrolling interests 325 365 276
Total equity 697,489 698,548 688,107
Total liabilities and shareholders' equity 896,449 908,983 910,931
Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, $.69-4/9 par value- 120,000 shares authorized; 38,283, 37,382 & 38,257, respectively, issued. Class B common stock, $.69-4/9 par value- 40,000 shares authorized; 24,245, 23,542 & 23,571, respectively, issued 26,585 25,960 26,567
Class B Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, $.69-4/9 par value- 120,000 shares authorized; 38,283, 37,382 & 38,257, respectively, issued. Class B common stock, $.69-4/9 par value- 40,000 shares authorized; 24,245, 23,542 & 23,571, respectively, issued $ 16,836 $ 16,348 $ 16,368