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Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 152,195 $ 140,095
Trade receivables, less allowance for doubtful accounts of $4,860 and $5,369 255,082 245,032
Inventories (Note 3) 185,027 156,602
Investments, short-term (Note 18) 49,892 55,106
Prepaid income taxes 13,072 10,769
Notes receivable, insurance companies (Note 19) 3,676 3,555
Prepaid expenses and other current assets 34,419 45,464
Total current assets 693,363 656,623
Property, plant and equipment, net (Note 4) 167,038 157,940
Operating lease assets, net (Note 16) 51,675 0
Prepaid pension cost (Note 14) 75,066 57,568
Deferred tax assets (Note 9) 32,596 32,522
Goodwill (Note 12) 436,679 413,640
Intangible assets, net (Note 12) 171,326 169,515
Notes receivable, insurance companies, noncurrent (Note 19) 52,336 56,012
Insurance receivable (Note 19) and other noncurrent assets 59,614 64,192
Total assets 1,739,693 1,608,012
Current Liabilities    
Notes payable and current portion of long-term debt (Note 11) 20,000 20,063
Accounts payable 89,120 78,367
Employees’ compensation 41,882 51,386
Insurance and product liability (Note 19) 25,870 48,688
Income taxes payable (Note 9) 6,739 0
Warranty reserve (Note 19) and other current liabilities 93,898 83,556
Total current liabilities 277,509 282,060
Long-term debt, net (Note 11) 328,394 341,311
Pensions and other employee benefits (Note 14) 186,697 166,101
Noncurrent operating lease liabilities (Note 16) 42,632 0
Deferred tax liabilities (Note 9) 9,787 7,164
Product liability (Note 19) and other noncurrent liabilities 162,101 171,857
Total liabilities 1,007,120 968,493
Commitments and contingencies (Note 19)
Mine Safety Appliances Company shareholders' equity:    
Preferred stock, 4 1/2% cumulative, $50 par value (Note 6) 3,569 3,569
Common stock, no par value (180,000,000 shares authorized; 62,081,391 shares issued; 38,841,194 and 38,526,523 shares outstanding at December 31, 2019 and 2018, respectively) 229,127 211,806
Treasury shares, at cost (Note 6) (305,159) (298,143)
Accumulated other comprehensive loss (Note 5) (214,003) (218,927)
Retained earnings 1,012,266 935,577
Total MSA Safety Incorporated shareholders’ equity 725,800 633,882
Noncontrolling interests 6,773 5,637
Total shareholders’ equity 732,573 639,519
Total liabilities and shareholders’ equity $ 1,739,693 $ 1,608,012