Condensed Consolidated Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 103,149	$ 105,925
Trade receivables, less allowance for doubtful accounts of $7,525 and $8,189	218,221	232,862
Inventories (Note 3)	130,482	125,849
Prepaid income taxes	12,556	8,745
Prepaid expenses and other current assets	32,811	31,231
Total current assets	497,219	504,612
Property, plant and equipment, net (Note 5)	151,919	155,839
Prepaid pension cost	66,715	62,072
Deferred tax assets (Note 10)	24,581	26,455
Goodwill (Note 13)	332,139	340,338
Intangible assets (Note 13)	80,474	90,068
Other noncurrent assets	263,202	243,479
Total assets	1,416,249	1,422,863
Current liabilities
Notes payable and current portion of long-term debt, net (Note 12)	6,822	6,650
Accounts payable	66,119	68,206
Employees’ compensation	32,404	37,642
Insurance and product liability	30,262	57,718
Tax liabilities	16,253	11,658
Other current liabilities	63,309	70,013
Total current liabilities	215,169	251,887
Long-term debt, net (Note 12)	447,087	458,022
Pensions and other employee benefits	160,795	156,160
Deferred tax liabilities (Note 10)	25,964	24,872
Other noncurrent liabilities	14,835	14,794
Total liabilities	863,850	905,735
Commitments and contingencies (Note 18)
Equity
Preferred stock, 4 1/2% cumulative, $50 par value (Note 7)	3,569	3,569
Common stock, no par value (Note 7)	163,719	157,643
Treasury shares, at cost (Note 7)	(291,610)	(295,070)
Accumulated other comprehensive loss	(202,476)	(208,199)
Retained earnings	877,103	858,553
Total MSA Safety Incorporated shareholders' equity	550,305	516,496
Noncontrolling interests	2,094	632
Total shareholders’ equity	552,399	517,128
Total liabilities and shareholders’ equity	$ 1,416,249	$ 1,422,863

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.