Home » Financials » 2008 Annual Report
Consolidated Balance Sheets
As of November 30 | |||||||
| (Dollars in thousands, except per share data) | 2008 | 2007 | |||||
| Assets | |||||||
| Current assets | |||||||
| Cash and cash equivalents | $ 143,561 | $ 155,433 | |||||
| Receivables, less allowances of $7,009 in 2008 and $6,235 in 2007 |
181,961 | 185,335 | |||||
| Inventories | 95,645 | 97,717 |
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| Deferred income taxes | 25,582 | 22,446 | |||||
| Prepaid expenses and other current assets | 10,053 | 12,100 | |||||
| Total current assets | 456,802 |
473,031 | |||||
| Investments in joint ventures | |||||||
| Equity method |
14,428 |
14,677 |
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| Cost method | 3,784 |
3,784 |
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| Property, plant and equipment | |||||||
| Land | 38,679 |
35,860 | |||||
| Buildings | 85,555 |
75,245 | |||||
| Machinery and equipment | 306,177 |
292,563 | |||||
| Construction in progress | 37,386 |
24,655 | |||||
| Total property, plant and equipment at cost | 467,797 | 428,323 | |||||
| Accumulated depreciation | (261,635) | (254,592) | |||||
| Total property, plant and equipment, net | 206,162 | 173,731 | |||||
| Deferred income taxes | 4,763 | 4,202 | |||||
| Intangible assets, net of accumulated amortization of $1,197 in 2008 and $1,130 in 2007 |
2,108 | 2,243 | |||||
| Other assets | 38,275 | 34,144 | |||||
| Total assets | $ 726,322 | $ 705,812 | |||||
| The accompanying notes are an integral part of these consolidated financial statements. | |||||||
| As of November 30 | |||||||
| 2008 | 2007 | ||||||
| Liabilities and Stockholders Equity | |||||||
| Current liabilities | |||||||
| Current portion of long-term debt | $ 16,763 | $ 17,055 | |||||
| Trade payables | 52,613 | 45,216 | |||||
| Accrued liabilities | 79,538 | 84,436 | |||||
| Income taxes payable | 10,443 | 11,985 | |||||
| Total current liabilities | 159,357 | 158,692 | |||||
| Long-term debt, less current portion | 35,989 | ||||||
| Deffered income taxes | 3,806 | 57,593 | |||||
| Other long-term liabilities | 50,050 | 44,154 | |||||
| Total liabilities | 249,202 | 260,439 | |||||
| Commitments and Contingencies | |||||||
| Stockholders' equity | |||||||
| Common stock,par value $2.50 per share, authorized 24,000,000 shares, outstanding 9,188,692 shares in 2008 and 9,138,563 shares in 2007, net of treasury shares |
29,805 | 29,623 | |||||
| Additional paid-in capital | 54,447 | 46,675 | |||||
| Retained earnings | 478,968 | 430,925 | |||||
| Accumulated other comprehensive loss | (31,475) | (9,870) | |||||
| Treasury stock (2,733,300 shares in 2008 and 2,710,479 in 2007) | (54,625) | (51,980) | |||||
| Total stockholders' equity | 477,120 | 445,373 | |||||
| Total liabilities and stockholders' equity | $ 726,322 | $ 705,812 | |||||
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| The accompanying notes are an integral part of these consolidated financial statements. | |||||||
