Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 116,219	$ 55,444
Accounts receivable, net	174,154	152,989
Inventories	252,064	249,669
Prepaid expenses and other current assets	42,534	36,157
Total current assets	584,971	494,259
Plant, equipment and timberlands, net	865,743	775,898
Goodwill	82,744	73,094
Intangible assets, net	58,859	56,259
Other assets	138,478	121,749
Total assets	1,730,795	1,521,259
Liabilities and Shareholders' Equity
Current portion of long-term debt	11,298	8,961
Accounts payable	190,478	164,345
Dividends payable	5,678	5,455
Environmental liabilities	28,500	25,000
Other current liabilities	111,222	119,250
Total current liabilities	347,176	323,011
Long-term debt	470,098	363,647
Deferred income taxes	83,571	54,995
Other long-term liabilities	121,022	125,780
Total liabilities	1,021,867	867,433
Commitments and contingencies
Shareholders’ equity
Common stock	544	544
Capital in excess of par value	62,594	57,917
Retained earnings	948,411	962,884
Accumulated other comprehensive loss	(140,675)	(204,606)
Shareholders' equity before treasury stock	870,874	816,739
Less cost of common stock in treasury	(161,946)	(162,913)
Total shareholders’ equity	708,928	653,826
Total liabilities and shareholders’ equity	$ 1,730,795	$ 1,521,259