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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 64,405 $ 59,173
Receivables, less allowances of $3,705 and $4,394, respectively 173,327 172,899
Inventories:    
Raw material 98,286 98,858
Work-in-process 18,392 18,649
Finished goods 183,568 196,542
Total inventories 300,246 314,049
Other current assets 29,466 33,758
Total current assets 567,444 579,879
Property, plant, and equipment, at cost:    
Land and buildings 142,189 144,299
Machinery and equipment 276,541 269,484
Furniture and fixtures 43,631 49,426
Other 29,293 22,795
Property, plant, and equipment, gross 491,654 486,004
Less: Allowance for depreciation (290,326) (278,940)
Property, plant, and equipment, net 201,328 207,064
Operating Lease, Right-of-Use Asset 27,621 0
Deferred income taxes 9,171 8,694
Intangible assets, net 131,127 135,052
Goodwill 256,059 248,748
Other assets 1,993 2,928
Total assets 1,194,743 1,182,365
Current liabilities:    
Accounts payable 82,593 76,652
Accrued expenses and other current liabilities 68,444 64,811
Current lease liability 9,838 0
Income taxes 3,010 2,419
Current maturities of long-term debt and short-term borrowings 21,879 111,975
Total current liabilities 185,764 255,857
Long-term debt 93,141 94,379
Long-term lease liability 17,785 0
Income taxes payable non-current 11,965 10,881
Deferred income taxes 27,598 28,949
Employee benefit plans 38,288 38,020
Other long-term liabilities 21,769 17,934
Commitments and contingencies (see Note 16) 0 0
Redeemable noncontrolling interest (236) 518
Shareholders’ equity:    
Common stock (65,000 shares authorized, $.10 par value) outstanding (46,391 and 46,326, respectively) 4,639 4,632
Additional capital 269,656 257,535
Retained earnings 712,460 654,724
Accumulated other comprehensive loss (190,210) (183,019)
Total shareholders’ equity 796,545 733,872
Noncontrolling interest 2,124 1,955
Total equity 798,669 735,827
Total liabilities and equity $ 1,194,743 $ 1,182,365