Home » Financials » 2004 Annual Report
Consolidated Balance Sheets
As of November 30 | |||||||
| (Dollars in thousands, except per share data) | 2004 | 2003 | |||||
| Assets | |||||||
| Current assets | |||||||
| Cash and cash equivalents | $ 30,124 | $ 20,390 | |||||
| Receivables, less allowances of $7,984 in 2004 and $8,168 in 2003 |
162,636 | 155,629 | |||||
| Inventories | 90,297 | 91,371 | |||||
| Deferred income taxes | 15,526 | 19,241 | |||||
| Prepaid expenses and other current assets | 11,032 | 8,882 | |||||
| Total current assets | 309,615 | 295,513 | |||||
| Investments in joint ventures | |||||||
| Equity method |
16,042 |
13,064 | |||||
| Cost method | 5,922 |
5,479 | |||||
| Property, plant and equipment | |||||||
| Land | 38,875 | 37,787 | |||||
| Buildings | 87,159 | 84,426 | |||||
| Machinery and equipment | 286,769 | 283,123 | |||||
| Construction in progress | 8,812 | 6,169 | |||||
| Total property, plant and equipment at cost | 421,615 | 411,505 | |||||
| Accumulated depreciation | (267,964) | (260,919) | |||||
| Total property, plant and equipment, net | 153,651 | 150,586 | |||||
| Deferred income taxes | 6,029 | 6,744 | |||||
| Intangible assets, net of accumulated amortization of $10,550
in 2004 and $9,738 in 2003 |
13,795 | 13,526 | |||||
| Other assets | 38,883 | 48,580 | |||||
| Total assets | $543,937 | $533,492 | |||||
| As of November 30 | |||||||
| 2004 | 2003 | ||||||
| Liabilities and Stockholders Equity | |||||||
| Current liabilities | |||||||
| Current portion of long-term debt | $ 18,333 | 8,333 | |||||
| Trade payables | 49,156 | 47,512 | |||||
| Accrued liabilities | 53,221 | 53,091 | |||||
| Income taxes | 8,092 | 9,568 | |||||
| Total current liabilities | 128,802 | 118,504 | |||||
| Long-term debt, less current portion | 75,349 | 86,044 | |||||
| Other long-term liabilities | 60,619 | 72,832 | |||||
| Total liabilities | 264,770 | 277,380 | |||||
| Commitments and Contingencies | |||||||
| Stockholders' equity | |||||||
| Common stock, par value $2.50 a share,
authorized 24,000,000 shares, outstanding 8,431,471 shares in 2004 and 8,214,563 shares in 2003, net of treasury shares |
27,745 | 27,186 | |||||
| Additional paid-in capital | 21,903 | 16,443 | |||||
| Unearned restricted stock | (2,300) | (1,481) | |||||
| Retained earnings | 301,013 | 294,255 | |||||
| Accumulated other comprehensive loss | (20,420) | (31,768) | |||||
| Treasury stock (2,666,670 shares in 2004 and 2,659,810 in 2003) | (48,774) | (48,523) | |||||
| Total stockholders' equity | 279,167 | 256,112 | |||||
| Total liabilities and stockholders' equity | $ 543,937 | $ 533,492 | |||||
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