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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 72,278 $ 102,860
Accounts receivable, less allowances (2022 - $5,726; 2021 - $5,625) 281,773 262,257
Inventories 260,633 239,655
Prepaid expenses and other current assets 75,739 75,437
Total current assets 690,423 680,209
Deferred income taxes 18,682 21,976
Property, plant and equipment 890,966 904,895
Less accumulated depreciation (570,792) (563,433)
Property, plant and equipment, net 320,174 341,462
Goodwill 827,131 955,370
Other intangible assets, net 461,161 500,246
Other assets 83,525 77,557
Total assets 2,401,096 2,576,820
Current liabilities    
Notes and overdrafts payable 4 1,900
Accounts payable 137,561 131,076
Accrued liabilities 145,795 175,583
Long-term debt - current 1,502 1,835
Total current liabilities 284,862 310,394
Long-term debt 582,537 599,932
Accrued retirement benefits 74,309 76,784
Deferred income taxes 60,100 66,704
Long-term tax liability 39,086 52,114
Other liabilities 40,108 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 - 64,379,072 shares; 2021 - 64,343,582 shares) 644 643
Additional paid-in capital 522,775 516,562
Treasury stock, at cost (2022 - 13,862,554 shares; 2021 - 13,658,483 shares) (530,518) (523,642)
Retained earnings 1,551,583 1,587,041
Accumulated other non-owner changes to equity (224,390) (151,838)
Total stockholders' equity 1,320,094 1,428,766
Total liabilities and stockholders' equity $ 2,401,096 $ 2,576,820