Home » Financials » 2007 Annual Report
Consolidated Balance Sheets
As of November 30 | |||||||
| (Dollars in thousands, except per share data) | 2007 | 2006 | |||||
| Assets | |||||||
| Current assets | |||||||
| Cash and cash equivalents | $ 155,433 | $ 139,479 | |||||
| Receivables, less allowances of $5,235 in 2007 and $4,912 in 2006 |
185,335 | 160,173 | |||||
| Inventories | 97,717 |
77,134 | |||||
| Deferred income taxes | 22,446 | 23,861 | |||||
| Prepaid expenses and other current assets | 12,100 | 15,921 | |||||
| Total current assets | 473,031 | 416,568 | |||||
| Investments in joint ventures | |||||||
| Equity method |
14,677 |
14,501 | |||||
| Cost method | 3,784 |
3,784 | |||||
| Property, plant and equipment | |||||||
| Land | 35,860 | 33,327 | |||||
| Buildings | 75,245 | 57,434 | |||||
| Machinery and equipment | 292,563 | 261,538 | |||||
| Construction in progress | 24,655 | 20,657 | |||||
| Total property, plant and equipment at cost | 428,323 | 372,956 | |||||
| Accumulated depreciation | (254,592) | (238,486) | |||||
| Total property, plant and equipment, net | 173,731 | 134,470 | |||||
| Deferred income taxes | 4,202 | - | |||||
| Intangible assets, net of accumulated amortization of $1,130 in 2007 and $3,017 in 2006 |
2,243 | 2,143 | |||||
| Other assets | 34,144 | 44,885 | |||||
| Total assets | $ 705,812 | $616,351 | |||||
| As of November 30 | |||||||
| 2007 | 2006 | ||||||
| Liabilities and Stockholders Equity | |||||||
| Current liabilities | |||||||
| Current portion of long-term debt | $ 17,055 | $ 10,000 | |||||
| Trade payables | 45,216 | 45,650 | |||||
| Accrued liabilities | 84,436 | 68,970 | |||||
| Income taxes | 11,985 | 11,481 | |||||
| Total current liabilities | 158,692 | 136,101 | |||||
| Long-term debt, less current portion | 57,593 | 72,525 | |||||
| Other long-term liabilities | 44,154 | 62,813 | |||||
| Total liabilities | 260,439 | 271,439 | |||||
| Commitments and Contingencies | |||||||
| Stockholders' equity | |||||||
| Common stock,par value $2.50 per share, authorized 24,000,000 shares, outstanding 9,138,563 shares in 2007 and 9,075,094 shares in 2006, net of treasury shares |
29,623 | 29,431 | |||||
| Additional paid-in capital | 46,675 | 39,500 | |||||
| Unearned restricted stock | - | - | |||||
| Retained earnings | 430,925 | 371,894 | |||||
| Accumulated other comprehensive loss | (9,870) | (27,232) | |||||
| Treasury stock (2,710,479 shares in 2007 and 2,697,148 in 2006) | (51,980) | (50,368) | |||||
| Total stockholders' equity | 445,373 | 363,225 | |||||
| Total liabilities and stockholders' equity | $ 705,812 | $ 634,664 | |||||
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