Consolidated Balance Sheet - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 105,925	$ 105,998
Trade receivables, less allowance for doubtful accounts of $8,189 and $7,821	232,862	211,440
Inventories	125,849	122,954
Income taxes receivable	8,745	2,876
Prepaid expenses and other current assets	31,646	30,771
Total current assets	505,027	474,039
Property, plant, and equipment, net	155,839	151,352
Prepaid pension cost	62,072	75,017
Deferred tax assets	26,455	44,057
Goodwill	340,338	252,520
Intangible assets, net	90,068	31,323
Other noncurrent assets	245,019	236,484
Total assets	1,424,818	1,264,792
Current Liabilities
Notes payable and current portion of long-term debt	6,668	6,700
Accounts payable	68,206	70,210
Employees’ compensation	37,642	40,249
Insurance and product liability	57,718	47,456
Taxes on income	11,658	5,545
Other current liabilities	70,013	63,890
Total current liabilities	251,905	234,050
Long-term debt	459,959	245,000
Other Liabilities
Pensions and other employee benefits	156,160	174,598
Deferred tax liabilities	24,872	26,313
Other noncurrent liabilities	14,794	46,198
Total liabilities	$ 907,690	$ 726,159
Commitments and contingencies
Mine Safety Appliances Company shareholders' equity:
Preferred stock, 4 1/2% cumulative, $50 par value	$ 3,569	$ 3,569
Common stock, no par value (180,000,000 shares authorized; 62,081,391 shares issued; 2015 shares outstanding 37,372,474 and 37,448,310 shares outstanding 2014)	157,643	148,401
Treasury shares, at cost	(295,070)	(286,557)
Accumulated other comprehensive loss	(208,199)	(166,730)
Retained earnings	858,553	835,126
Total shareholders’ equity	516,496	533,809
Noncontrolling interests	632	4,824
Total shareholders’ equity	517,128	538,633
Total liabilities and shareholders’ equity	$ 1,424,818	$ 1,264,792