Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 61,011	$ 49,044
Accounts receivable — net	85,113	94,379
Inventories — net	170,009	178,027
Prepaid and other current assets	16,777	19,326
Total current assets	332,910	340,776
Pension asset	0	977
Purchased intangible assets — net	15,225	16,364
Goodwill	164,112	164,112
Deferred income taxes	40,016	48,662
Other assets	9,514	9,019
Total other assets	228,867	239,134
Property, plant and equipment — net	256,392	272,534
Total assets	818,169	852,444
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	71,582	71,560
Salaries and wages	27,018	27,266
Accrued liabilities	41,807	45,179
Accrued income taxes	1,384	4,009
Pension liability (current portion)	2,461	2,297
Non-pension postretirement benefits (current portion)	4,892	4,903
Derivative liability	1,928	4,265
Long-term debt due within one year	5,009	4,747
Total current liabilities	156,081	164,226
Long-term debt	402,831	426,272
Pension liability	43,934	44,274
Non-pension postretirement benefits	55,373	55,282
Deferred income taxes	1,859	2,822
Other long-term liabilities	12,972	11,186
Total liabilities	673,050	704,062
Contingencies (Note 18)
Shareholders’ equity:
Common stock, par value $.01 per share, 50,000,000 shares authorized, 21,864,541 shares issued in 2016 (21,843,851 shares issued in 2015)	219	218
Capital in excess of par value	329,722	330,756
Treasury stock	0	(4,448)
Retained deficit	(59,625)	(57,912)
Accumulated other comprehensive loss	(125,197)	(120,232)
Total shareholders’ equity	145,119	148,382
Total liabilities and shareholders’ equity	$ 818,169	$ 852,444