Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 58,945	$ 142,685
Accounts receivable, net	136,548	119,772
Inventories	192,123	173,411
Prepaid expenses and other current assets	42,758	33,418
Total current assets	430,374	469,286
Plant, equipment and timberlands, net	541,856	556,044
Goodwill	153,158	153,463
Intangible assets, net	88,882	93,614
Other assets	81,720	67,347
Total assets	1,295,990	1,339,754
Liabilities and Shareholders' Equity
Current portion of long-term debt	23,238	10,785
Accounts payable	115,241	120,701
Dividends payable	5,742	5,719
Environmental liabilities	6,867	23,000
Other current liabilities	74,059	72,597
Total current liabilities	225,147	232,802
Long-term debt	361,792	400,962
Deferred income taxes	78,968	78,651
Other long-term liabilities	86,964	88,441
Total liabilities	752,871	800,856
Commitments and contingencies
Shareholders’ equity
Common stock	544	544
Capital in excess of par value	59,920	62,239
Retained earnings	769,940	770,305
Accumulated other comprehensive loss	(133,736)	(137,440)
Shareholders' equity before treasury stock	696,668	695,648
Less cost of common stock in treasury	(153,549)	(156,750)
Total shareholders’ equity	543,119	538,898
Total liabilities and shareholders’ equity	$ 1,295,990	$ 1,339,754