Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 24,696	$ 61,011
Accounts receivable — net	89,997	85,113
Inventories — net	187,886	170,009
Prepaid and other current assets	12,550	16,777
Total current assets	315,129	332,910
Pension asset	2,939	0
Purchased intangible assets — net	14,565	15,225
Goodwill	84,412	164,112
Deferred income taxes	24,892	40,016
Other assets	9,627	9,514
Property, plant and equipment — net	265,675	256,392
Total assets	717,239	818,169
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	78,346	71,582
Salaries and wages	27,409	27,018
Accrued liabilities	43,223	41,807
Accrued income taxes	1,862	1,384
Pension liability (current portion)	2,185	2,461
Non-pension post-retirement benefits (current portion)	4,185	4,892
Derivative liability	697	1,928
Long-term debt due within one year	7,485	5,009
Total current liabilities	165,392	156,081
Long-term debt	376,905	402,831
Pension liability	43,555	43,934
Non-pension post-retirement benefits	49,758	55,373
Deferred income taxes	1,850	1,859
Other long-term liabilities	12,885	12,972
Total liabilities	650,345	673,050
Contingencies (note 17)
Shareholders’ equity:
Common stock, par value $.01 per share, 50,000,000 shares authorized, 22,018,010 shares issued in 2017 (21,864,541 shares issued in 2016)	220	219
Capital in excess of par value	333,011	329,722
Retained deficit	(161,165)	(59,625)
Accumulated other comprehensive loss	(105,172)	(125,197)
Total shareholders’ equity	66,894	145,119
Total liabilities and shareholders’ equity	$ 717,239	$ 818,169

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
Period Type:	instant

- 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.