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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 203,824 $ 72,819
Trade accounts receivable, less allowances of $5,485 and $5,095, respectively 504,986 511,332
Inventories 633,005 634,806
Prepaid expenses and other current assets 64,993 71,177
Total current assets 1,406,808 1,290,134
Property, plant and equipment, net 1,570,331 1,517,510
Goodwill 1,142,223 1,148,302
Other intangible assets, net 354,615 383,448
Other assets, net 457,082 239,900
Total assets 4,931,059 4,579,294
Current liabilities:    
Revolving loans and current portion of long-term debt 29,813 170,214
Trade accounts payable 727,053 712,739
Accrued payroll and related costs 66,866 68,773
Accrued liabilities 194,797 127,342
Total current liabilities 1,018,529 1,079,068
Long-term debt 2,214,608 2,134,400
Deferred income taxes 254,836 268,036
Other liabilities 419,764 216,525
Commitments and contingencies
Stockholders’ equity:    
Common stock ($0.01 par value per share; 400,000,000 shares authorized, 175,112,496 shares issued and 110,780,464 and 110,429,596 shares outstanding, respectively) 1,751 1,751
Paid-in capital 289,422 276,062
Retained earnings 2,141,302 1,997,785
Accumulated other comprehensive loss (259,742) (268,808)
Treasury stock at cost (64,332,032 and 64,682,900 shares, respectively) (1,149,411) (1,125,525)
Total stockholders’ equity 1,023,322 881,265
Liabilities and Equity, Total $ 4,931,059 $ 4,579,294