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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 94,870 $ 100,719
Accounts receivable, less allowances (2019 - $4,535; 2018 - $5,010) 371,644 382,253
Inventories 259,685 265,990
Prepaid expenses and other current assets 68,125 57,184
Total current assets 794,324 806,146
Deferred income taxes 19,255 20,474
Property, plant and equipment 870,110 853,497
Less accumulated depreciation (499,902) (482,966)
Property, plant and equipment, net 370,208 370,531
Goodwill 951,450 955,524
Other intangible assets, net 607,391 636,538
Other assets 52,607 19,757
Total assets 2,795,235 2,808,970
Current liabilities    
Notes and overdrafts payable 27,143 2,137
Accounts payable 132,018 143,419
Accrued liabilities 210,980 206,782
Long-term debt - current 3,505 5,522
Total current liabilities 373,646 357,860
Long-term debt 889,087 936,357
Accrued retirement benefits 99,591 104,302
Deferred income taxes 103,158 106,559
Long-term tax liability 66,012 72,961
Other liabilities 52,356 27,875
Commitments and contingencies (Note 17)
Stockholders' equity    
Common stock - par value $0.01 per share Authorized: 150,000,000 shares Issued: at par value (2019 - 63,436,075 shares; 2018 - 63,367,133 shares) 634 634
Additional paid-in capital 478,142 470,818
Treasury stock, at cost (2019 - 12,936,925 shares; 2018 - 12,033,580 shares) (492,201) (441,668)
Retained earnings 1,418,790 1,363,772
Accumulated other non-owner changes to equity (193,980) (190,500)
Total stockholders' equity 1,211,385 1,203,056
Total liabilities and stockholders' equity $ 2,795,235 $ 2,808,970