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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 199,563 $ 358,849
Accounts receivable (less allowance for doubtful accounts of $16,002 in 2019; $12,827 in 2018) 374,649 396,885
Inventories    
Raw materials 116,716 103,820
Work-in-process 63,744 53,950
Finished goods 213,288 204,059
Inventories, net (Note 17) 393,748 361,829
Other current assets 107,621 120,236
Total Current Assets 1,075,581 1,237,799
Property, Plant and Equipment    
Property, plant and equipment, net (Note 1) 529,344 478,801
Other Assets    
Intangibles, net (Note 5) 177,798 147,946
Goodwill (Note 5) 337,107 281,294
Deferred income taxes 14,275 20,395
Other non-current assets 237,108 183,590
TOTAL ASSETS 2,371,213 2,349,825
Current Liabilities    
Amounts due banks (Note 9) 34,857 0
Trade accounts payable 273,002 268,600
Accrued employee compensation and benefits 83,033 94,202
Dividends payable 29,690 29,867
Customer Advances 16,040 17,023
Other current liabilities 142,441 145,402
Current portion of long-term debt (Note 9) 112 111
Total Current Liabilities 563,135 538,182
Long-Term Liabilities    
Long-term debt, less current portion (Note 9) 712,302 702,549
Deferred income taxes (Note 14) 64,286 45,985
Other long-term liabilities 212,413 175,517
Liabilities 1,552,136 1,462,233
Shareholders' Equity    
Preferred shares, without par value – at stated capital amount; authorized – 5,000,000 shares; issued and outstanding – none 0 0
Common shares, without par value – at stated capital amount; authorized – 240,000,000 shares; issued – 98,581,434 shares in 2019 and 2018; outstanding – 60,592,096 shares in 2019 and 63,545,878 shares in 2018 9,858 9,858
Additional paid-in capital 389,446 360,308
Retained earnings 2,736,481 2,564,440
Accumulated other comprehensive loss (275,850) (293,739)
Treasury shares, at cost – 37,989,338 shares in 2019 and 35,035,556 shares in 2018 (2,041,763) (1,753,925)
Total Shareholders' Equity 818,172 886,942
Noncontrolling interests 905 650
Total Equity 819,077 887,592
TOTAL LIABILITIES AND EQUITY $ 2,371,213 $ 2,349,825