XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
CURRENT ASSETS:      
Cash and cash equivalents $ 119,528 $ 138,841 $ 64,886
Restricted cash 367 352 367
Investments 57,079 55,789 94,475
Accounts receivable trade, less allowances of $2,337 $2,184 and $2,543 39,914 43,811 44,257
Other receivables 6,125 6,832 6,412
Inventories:      
Finished goods and work-in-process 57,047 43,603 61,498
Raw materials and supplies 39,407 34,022 46,775
Prepaid expenses 9,649 10,355 9,870
Total current assets 329,116 333,605 328,540
PROPERTY, PLANT AND EQUIPMENT, at cost:      
Land 21,723 21,710 21,864
Buildings 148,804 148,778 144,966
Machinery and equipment 499,519 499,210 485,012
Construction in progress 11,797 6,820 14,182
Operating lease right-of-use assets 5,791 6,043 6,896
Property, plant and equipment, gross 687,634 682,561 672,920
Less - accumulated depreciation 467,341 462,758 451,829
Net property, plant and equipment 220,293 219,803 221,091
OTHER ASSETS:      
Goodwill 73,237 73,237 73,237
Trademarks 175,024 175,024 175,024
Investments 330,949 332,338 278,953
Prepaid expenses and other assets 11,531 11,633 14,921
Deferred income taxes 1,550 1,541 1,687
Total other assets 592,291 593,773 543,822
Total assets 1,141,700 1,147,181 1,093,453
CURRENT LIABILITIES:      
Accounts payable 20,268 13,397 17,200
Bank loans 975 924 1,050
Dividends payable 147 6,403 152
Accrued liabilities 54,024 63,607 55,026
Postretirement health care benefits 595 595 665
Operating lease liabilities 1,375 1,374 1,387
Income taxes payable 794 636 11,788
Deferred compensation   350  
Total current liabilities 78,178 87,286 87,268
NONCURRENT LIABILITIES:      
Deferred income taxes 55,692 54,537 45,486
Postretirement health care benefits 8,666 8,701 9,661
Industrial development bonds 7,500 7,500 7,500
Liability for uncertain tax positions 2,564 2,564 2,876
Operating lease liabilities 4,752 4,992 5,776
Deferred compensation and other liabilities 105,347 111,192 100,780
Total noncurrent liabilities 184,521 189,486 172,079
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Capital in excess of par value 847,308 788,894 802,253
Retained earnings 3,155 57,902 6,147
Accumulated other comprehensive loss (19,804) (23,418) (21,656)
Treasury stock (at cost) - 108, 105 and 105 shares, respectively (1,992) (1,992) (1,992)
Total Tootsie Roll Industries, Inc. shareholders' equity 879,352 870,743 834,420
Noncontrolling interests (351) (334) (314)
Total equity 879,001 870,409 834,106
Total liabilities and shareholders' equity 1,141,700 1,147,181 1,093,453
Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value 29,025 28,325 28,619
Class B Common Stock      
TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS' EQUITY:      
Common stock, value $ 21,660 $ 21,032 $ 21,049