Condensed Consolidated Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 90,593	$ 88,818
Accounts receivable, net	201,929	195,225
Inventories
Raw materials and supplies	41,938	37,772
Work-in-process and finished goods	45,179	39,310
Prepaid expenses and other current assets	15,237	15,343
Total current assets	394,876	376,468
Property, plant and equipment, at cost	239,827	236,006
Less accumulated depreciation	(154,594)	(150,272)
Net property, plant and equipment	85,233	85,734
Goodwill	81,683	80,804
Other intangible assets, net	71,850	73,071
Investments in associated companies	24,063	22,817
Non-current deferred tax assets	22,460	24,382
Other assets	28,841	28,752
Total assets	709,006	692,028
Current liabilities
Short-term borrowings and current portion of long-term debt	726	707
Accounts and other payables	90,215	82,164
Accrued compensation	13,754	19,356
Accrued restructuring	530	670
Other current liabilities	33,963	24,514
Total current liabilities	139,188	127,411
Long-term debt	65,649	65,769
Non-current deferred tax liabilities	12,101	12,008
Other non-current liabilities	70,093	74,234
Total liabilities	287,031	279,422
Equity
Common stock $1 par value; authorized 30,000,000 shares; issued and outstanding 2017 - 13,290,807 shares; 2016 - 13,277,832 shares	13,291	13,278
Capital in excess of par value	112,838	112,475
Retained earnings	366,819	364,414
Accumulated Other Comprehensive Loss	(81,961)	(87,407)
Total Quaker shareholders' equity	410,987	402,760
Noncontrolling interest	10,988	9,846
Total equity	421,975	412,606
Total liabilities and equity	$ 709,006	$ 692,028

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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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.