Graco Inc.

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SEC Filings

10-K
GRACO INC filed this Form 10-K on 02/21/2017
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GRACO INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
 
 
December 30, 2016
 
December 25, 2015
ASSETS
 
 
 
Current Assets
 
 
 
Cash and cash equivalents
$
52,365

 
$
52,295

Accounts receivable, less allowances of $12,700 and $10,400
218,365

 
225,509

Inventories
201,609

 
202,136

Other current assets
31,023

 
29,077

Total current assets
503,362

 
509,017

Property, Plant and Equipment, net
189,596

 
178,437

Goodwill
259,849

 
394,488

Other Intangible Assets, net
178,336

 
227,987

Deferred Income Taxes
86,653

 
56,976

Other Assets
25,313

 
24,447

Total Assets
$
1,243,109

 
$
1,391,352

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current Liabilities
 
 
 
Notes payable to banks
$
8,913

 
$
15,901

Trade accounts payable
39,988

 
40,505

Salaries and incentives
37,109

 
44,673

Dividends payable
20,088

 
18,447

Other current liabilities
71,887

 
75,090

Total current liabilities
177,985

 
194,616

Long-term Debt
305,685

 
392,695

Retirement Benefits and Deferred Compensation
159,250

 
137,457

Deferred Income Taxes
17,672

 
22,303

Other Non-current Liabilities
8,697

 
8,730

Commitments and Contingencies (Note K)


 

Shareholders’ Equity
 
 
 
Common stock, $1 par value; 97,000,000 shares authorized;
55,834,412 and 55,765,980 shares outstanding in 2016 and 2015
55,834

 
55,766

Additional paid-in-capital
453,394

 
398,774

Retained earnings
206,820

 
285,508

Accumulated other comprehensive income (loss)
(142,228
)
 
(104,497
)
Total shareholders’ equity
573,820

 
635,551

Total Liabilities and Shareholders’ Equity
$
1,243,109

 
$
1,391,352

See notes to consolidated financial statements.

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