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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 75,255 $ 102,860
Accounts receivable, less allowances (2022 - $5,863; 2021 - $5,625) 272,345 262,257
Inventories 255,117 239,655
Prepaid expenses and other current assets 83,795 75,437
Total current assets 686,512 680,209
Deferred income taxes 17,883 21,976
Property, plant and equipment 909,281 904,895
Less accumulated depreciation (573,995) (563,433)
Property, plant and equipment, net 335,286 341,462
Goodwill 945,407 955,370
Other intangible assets, net 486,835 500,246
Other assets 83,432 77,557
Total assets 2,555,355 2,576,820
Current liabilities    
Notes and overdrafts payable 978 1,900
Accounts payable 134,816 131,076
Accrued liabilities 144,852 175,583
Long-term debt - current 1,702 1,835
Total current liabilities 282,348 310,394
Long-term debt 594,976 599,932
Accrued retirement benefits 75,684 76,784
Deferred income taxes 65,557 66,704
Long-term tax liability 52,114 52,114
Other liabilities 43,646 42,126
Commitments and contingencies (Note 15)
Stockholders' equity    
Common stock - par value $0.01 per share Authorized: 150,000,000 shares Issued: at par value (2022 - 64,356,438 shares; 2021 - 64,343,582 shares) 644 643
Additional paid-in capital 519,227 516,562
Treasury stock, at cost (2022 - 13,659,544 shares; 2021 - 13,658,483 shares) (523,691) (523,642)
Retained earnings 1,599,278 1,587,041
Accumulated other non-owner changes to equity (154,428) (151,838)
Total stockholders' equity 1,441,030 1,428,766
Total liabilities and stockholders' equity $ 2,555,355 $ 2,576,820