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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 89,827 $ 76,858
Accounts receivable, less allowances (2023 – $7,258; 2022 – $5,222) 353,923 291,883
Inventories 365,221 283,402
Prepaid expenses and other current assets 97,749 80,161
Total current assets 906,720 732,304
Deferred income taxes 10,295 18,028
Property, plant and equipment, net 402,697 320,139
Goodwill 1,183,624 835,472
Other intangible assets, net 706,471 442,492
Other assets 98,207 65,295
Total assets 3,308,014 2,413,730
Current liabilities    
Notes and overdrafts payable 16 8
Accounts payable 164,264 145,060
Accrued liabilities 221,462 158,568
Long-term debt – current 10,868 1,437
Total current liabilities 396,610 305,073
Long-term debt 1,279,962 569,639
Accrued retirement benefits 45,992 54,352
Deferred income taxes 120,608 62,562
Long-term tax liability 21,714 39,086
Other liabilities 80,865 36,691
Commitments and contingencies (Note 22)
Stockholders’ equity    
Common stock – par value $0.01 per share Authorized: 150,000,000 shares, Issued: at par value (2021 – 64,343,582 shares; 2020 – 64,171,321 shares) 646 645
Additional paid-in capital 537,948 529,791
Treasury stock, at cost (2023 – 13,914,076 shares; 2022 – 13,890,802 shares) (532,415) (531,507)
Retained earnings 1,551,213 1,567,898
Accumulated other non-owner changes to equity (195,129) (220,500)
Total stockholders’ equity 1,362,263 1,346,327
Total liabilities and stockholders’ equity $ 3,308,014 $ 2,413,730