Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 78,684	$ 76,858
Accounts receivable, less allowances (2023 - $5,366; 2022 - $5,222)	297,901	291,883
Inventories	292,671	283,402
Prepaid expenses and other current assets	84,894	80,161
Total current assets	754,150	732,304
Deferred income taxes	13,166	18,028
Property, plant and equipment	922,863	906,980
Less accumulated depreciation	(601,278)	(586,841)
Property, plant and equipment, net	321,585	320,139
Goodwill	847,821	835,472
Other intangible assets, net	435,489	442,492
Other assets	72,158	65,295
Total assets	2,444,369	2,413,730
Current liabilities
Notes and overdrafts payable	29	8
Accounts payable	153,362	145,060
Accrued liabilities	158,121	158,568
Long-term debt - current	1,484	1,437
Total current liabilities	312,996	305,073
Long-term debt	563,943	569,639
Accrued retirement benefits	48,021	54,352
Deferred income taxes	63,364	62,562
Long-term tax liability	39,086	39,086
Other liabilities	36,411	36,691
Commitments and contingencies (Note 15)
Stockholders' equity
Common stock - par value $0.01 per share Authorized: 150,000,000 shares Issued: at par value (2023 - 64,503,561 shares; 2022 - 64,481,493 shares)	645	645
Additional paid-in capital	530,075	529,791
Treasury stock, at cost (2023 - 13,896,606 shares; 2022 - 13,890,802 shares)	(531,759)	(531,507)
Retained earnings	1,572,878	1,567,898
Accumulated other non-owner changes to equity	(191,291)	(220,500)
Total stockholders' equity	1,380,548	1,346,327
Total liabilities and stockholders' equity	$ 2,444,369	$ 2,413,730

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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- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Alternate captions include income taxes payable, noncurrent.