Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 57,046	$ 142,685
Accounts receivable, net	121,050	119,772
Inventories	190,574	173,411
Prepaid expenses and other current assets	40,637	33,418
Total current assets	409,307	469,286
Plant, equipment and timberlands, net	524,021	556,044
Goodwill	146,093	153,463
Intangible assets, net	83,129	93,614
Other assets	83,016	67,347
Total assets	1,245,566	1,339,754
Liabilities and Shareholders' Equity
Current portion of long-term debt	22,235	10,785
Accounts payable	109,609	120,701
Dividends payable	5,742	5,719
Environmental liabilities	7,700	23,000
Other current liabilities	72,160	72,597
Total current liabilities	217,446	232,802
Long-term debt	329,771	400,962
Deferred income taxes	79,151	78,651
Other long-term liabilities	80,441	88,441
Total liabilities	706,809	800,856
Commitments and contingencies
Shareholders’ equity
Common stock	544	544
Capital in excess of par value	60,965	62,239
Retained earnings	776,424	770,305
Accumulated other comprehensive loss	(145,627)	(137,440)
Shareholders' equity before treasury stock	692,306	695,648
Less cost of common stock in treasury	(153,549)	(156,750)
Total shareholders’ equity	538,757	538,898
Total liabilities and shareholders’ equity	$ 1,245,566	$ 1,339,754