Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 207,785	$ 178,110
Trade accounts receivable, less allowances of $17,009 in 2019 and $15,469 in 2018	566,256	535,528
Inventories	274,285	268,821
Other current assets and prepaid expenses	61,321	63,401
Total current assets	1,109,647	1,045,860
Property, plant and equipment, Net	748,657	717,526
Goodwill	535,979	534,780
Other intangible assets, net	206,242	217,308
Non-current deferred tax assets, net	36,978	35,066
Other non-current assets	151,818	68,307
Total assets	2,789,321	2,618,847
Current liabilities:
Trade accounts payable	185,592	196,641
Accrued and other liabilities	166,118	156,449
Accrued compensation and related items	155,402	152,516
Deferred revenue and customer prepayments	122,489	105,381
Taxes payable	69,043	73,777
Short-term borrowings and current maturities of long-term debt	55,868	49,670
Total current liabilities	754,512	734,434
Long-term debt	1,235,350	985,021
Non-current deferred tax liabilities	45,267	48,818
Other non-current liabilities	333,412	260,511
Total liabilities	2,368,541	2,028,784
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 24,125,317 and 24,921,963 shares at December 31, 2018 and 2017, respectively	448	448
Additional paid-in capital	783,871	764,717
Treasury stock at cost (20,660,694 and 19,864,048 shares at December 31, 2019 and 2018, respectively)	(4,539,154)	(3,814,604)
Retained earnings	4,499,288	3,941,916
Accumulated Other Comprehensive Income (Loss), Net of Tax	(323,673)	(302,414)
Total shareholders’ equity	420,780	590,063
Total liabilities and shareholders’ equity	$ 2,789,321	$ 2,618,847