v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 180,158 $ 165,067
Trade receivables, less allowance for credit loss of $10,404 and $10,286 325,011 306,452
Inventories (Note 5) 352,314 343,035
Prepaid expenses and other current assets 34,189 54,738
Total current assets 891,672 869,292
Property, plant and equipment, net (Note 6) 278,056 283,063
Operating lease right-of-use assets, net 56,437 56,930
Prepaid pension cost (Note 16) 285,283 279,450
Deferred tax assets (Note 11) 20,491 20,991
Goodwill (Note 14) 727,440 731,592
Intangible assets, net (Note 14) 291,991 299,127
Other noncurrent assets 12,616 13,929
Total assets 2,563,986 2,554,374
Liabilities    
Notes payable and current portion of long-term debt (Note 13) 8,074 8,225
Accounts payable 118,348 110,775
Employees’ compensation 45,089 57,640
Other current liabilities 109,756 112,571
Total current liabilities 281,267 289,211
Long-term debt, net (Note 13) 605,075 572,709
Pensions (Note 16) and other employee benefits 141,788 143,834
Noncurrent operating lease liabilities 45,200 46,151
Deferred tax liabilities (Note 11) 127,000 127,540
Other noncurrent liabilities 8,296 7,917
Total liabilities 1,208,626 1,187,362
Equity    
Preferred stock, 4.5% cumulative, $50 par value (Note 8) 3,569 3,569
Common stock, no par value (Note 8) 344,328 343,842
Treasury shares, at cost (Note 8) (541,793) (484,848)
Accumulated other comprehensive loss (Note 7) (47,682) (41,781)
Retained earnings 1,596,938 1,546,230
Total shareholders’ equity 1,355,360 1,367,012
Total liabilities and shareholders’ equity $ 2,563,986 $ 2,554,374