Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 50,752	$ 105,304
Accounts receivable, net	179,352	167,199
Inventories	262,891	247,214
Prepaid expenses and other current assets	36,573	32,650
Total current assets	529,568	552,367
Plant, equipment and timberlands, net	771,453	698,864
Goodwill	77,268	76,056
Intangible assets	60,721	63,057
Other assets	115,229	110,072
Total assets	1,554,239	1,500,416
Liabilities and Shareholders' Equity
Current portion of long-term debt	11,432	7,366
Accounts payable	163,674	172,735
Dividends payable	5,455	5,231
Environmental liabilities	8,408	12,544
Other current liabilities	127,149	106,444
Total current liabilities	316,118	304,320
Long-term debt	367,549	353,296
Deferred income taxes	73,075	76,458
Other long-term liabilities	105,808	103,095
Total liabilities	862,550	837,169
Commitments and contingencies
Shareholders’ equity
Common stock	544	544
Capital in excess of par value	55,890	54,912
Retained earnings	984,520	963,143
Accumulated other comprehensive loss	(186,352)	(190,486)
Shareholders' equity before treasury stock	854,602	828,113
Less cost of common stock in treasury	(162,913)	(164,866)
Total shareholders’ equity	691,689	663,247
Total liabilities and shareholders’ equity	$ 1,554,239	$ 1,500,416

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.