Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 178,110	$ 148,687
Trade accounts receivable, less allowances of $15,469 in 2018 and $15,549 in 2017	535,528	528,615
Inventories	268,821	255,390
Other current assets and prepaid expenses	63,401	74,031
Total current assets	1,045,860	1,006,723
Property, plant and equipment, Net	717,526	668,271
Goodwill	534,780	539,838
Other intangible assets, net	217,308	226,718
Non-current deferred tax assets, net	35,066	41,425
Other non-current assets	68,307	66,830
Total assets	2,618,847	2,549,805
Current liabilities:
Trade accounts payable	196,641	167,627
Accrued and other liabilities	156,449	152,834
Accrued compensation and related items	152,516	170,159
Deferred revenue and customer prepayments	105,381	107,166
Taxes payable	73,777	72,210
Short-term borrowings and current maturities of long-term debt	49,670	19,677
Total current liabilities	734,434	689,673
Long-term debt	985,021	960,170
Non-current deferred tax liabilities	48,818	51,230
Other non-current liabilities	260,511	301,452
Total liabilities	2,028,784	2,002,525
Commitments and contingencies (Note 16)
Shareholders’ equity:
Preferred stock, $0.01 par value per share; authorized 10,000,000 shares	0	0
Common stock, $0.01 par value per share; authorized 125,000,000 shares; issued 44,786,011 and 44,786,011 shares, outstanding 24,921,963 and 25,541,393 shares at December 31, 2018 and 2017, respectively	448	448
Additional paid-in capital	764,717	747,138
Treasury stock at cost (19,864,048 and 19,244,618 shares at December 31, 2018 and 2017, respectively)	(3,814,604)	(3,368,182)
Retained earnings	3,941,916	3,433,282
Accumulated Other Comprehensive Income (Loss), Net of Tax	(302,414)	(265,406)
Total shareholders’ equity	590,063	547,280
Total liabilities and shareholders’ equity	$ 2,618,847	$ 2,549,805