Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 142,685	$ 116,219
Accounts receivable (less allowance for doubtful accounts: 2018 - $1,661; 2017 - $1,761)	119,772	110,586
Inventories	173,411	136,201
Prepaid expenses and other current assets	33,418	32,013
Current assets held for sale		189,952
Total current assets	469,286	584,971
Plant, equipment and timberlands, net	556,044	515,183
Goodwill	153,463	82,744
Intangible assets, net	93,614	58,859
Other assets	67,347	81,127
Noncurrent assets held for sale		407,911
Total assets	1,339,754	1,730,795
Liabilities and Shareholders' Equity
Current portion of long-term debt	10,785	11,298
Accounts payable	120,701	113,212
Dividends payable	5,719	5,678
Environmental liabilities	23,000	28,500
Other current liabilities	72,597	75,668
Current liabilities held for sale		112,820
Total current liabilities	232,802	347,176
Long-term debt	400,962	470,098
Deferred income taxes	78,651	83,571
Other long-term liabilities	88,441	79,649
Long-term liabilities held for sale		41,373
Total liabilities	800,856	1,021,867
Commitments and contingencies
Shareholders’ equity
Common stock	544	544
Capital in excess of par value	62,239	62,594
Retained earnings	770,305	948,411
Accumulated other comprehensive loss	(137,440)	(140,675)
Shareholders' equity before treasury stock	695,648	870,874
Less cost of common stock in treasury	(156,750)	(161,946)
Total shareholders’ equity	538,898	708,928
Total liabilities and shareholders’ equity	$ 1,339,754	$ 1,730,795