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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 466,407 $ 375,950
Receivables - net 312,192 294,166
Inventories 279,995 259,724
Other current assets 33,938 74,203
Total current assets 1,092,532 1,004,043
Property, plant and equipment - net 281,220 258,350
Goodwill 1,697,955 1,704,158
Intangible assets - net 383,327 414,746
Other noncurrent assets 18,823 18,331
Total assets 3,473,857 3,399,628
Current liabilities    
Trade accounts payable 143,196 147,067
Accrued expenses 187,536 184,705
Short-term borrowings 483 258
Dividends payable 33,446 28,945
Total current liabilities 364,661 360,975
Long-term borrowings 848,335 858,788
Deferred income taxes 128,007 137,638
Other noncurrent liabilities 138,214 155,685
Total liabilities 1,479,217 1,513,086
Commitments and contingencies (Note 9)
Preferred stock:    
Authorized: 5,000,000 shares, $.01 per share par value; Issued: none 0 0
Common stock:    
Authorized: 150,000,000 shares, $.01 per share par value; Issued: 90,112,028 shares at December 31, 2018 and 90,162,211 shares at December 31, 2017 901 902
Additional paid-in capital 738,339 716,906
Retained earnings 2,342,079 2,057,915
Treasury stock at cost: 14,159,251 shares at December 31, 2018 and 13,468,675 shares at December 31, 2017 (957,454) (799,674)
Accumulated other comprehensive loss (129,225) (89,507)
Total shareholders’ equity 1,994,640 1,886,542
Total liabilities and shareholders’ equity $ 3,473,857 $ 3,399,628