Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 126,201	$ 142,685
Accounts receivable (less allowance for doubtful accounts: 2019 - $1,682; 2018 - $1,661)	124,442	119,772
Inventories	190,415	173,411
Prepaid expenses and other current assets	36,274	33,418
Total current assets	477,332	469,286
Plant, equipment and timberlands, net	537,421	556,044
Goodwill	150,816	153,463
Intangible assets, net	83,735	93,614
Other assets	34,490	67,347
Total assets	1,283,794	1,339,754
Liabilities and Shareholders' Equity
Current portion of long-term debt	22,940	10,785
Accounts payable	130,039	120,701
Dividends payable	5,752	5,719
Environmental liabilities	9,000	23,000
Other current liabilities	62,772	72,597
Total current liabilities	230,503	232,802
Long-term debt	336,919	400,962
Deferred income taxes	76,374	78,651
Other long-term liabilities	84,039	88,441
Total liabilities	727,835	800,856
Commitments and contingencies
Shareholders’ equity
Common stock	544	544
Capital in excess of par value	59,900	62,239
Retained earnings	725,795	770,305
Accumulated other comprehensive loss	(77,896)	(137,440)
Shareholders' equity before treasury stock	708,343	695,648
Less cost of common stock in treasury	(152,384)	(156,750)
Total shareholders’ equity	555,959	538,898
Total liabilities and shareholders’ equity	$ 1,283,794	$ 1,339,754