CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 746,348	$ 632,581
Receivables, less allowance for doubtful accounts of $5,890 at June 30, 2020 and $6,347 at December 31, 2019	270,255	298,186
Inventories	324,931	293,467
Other current assets	55,716	37,211
Total current assets	1,397,250	1,261,445
Property, plant and equipment - net	281,852	280,316
Goodwill	1,842,730	1,779,745
Intangible assets - net	422,228	388,031
Other noncurrent assets	129,532	104,375
Total assets	4,073,592	3,813,912
Current liabilities
Trade accounts payable	137,413	138,463
Accrued expenses	225,931	180,290
Short-term borrowings	228	388
Dividends payable	37,735	38,736
Total current liabilities	401,307	357,877
Long-term borrowings	1,044,445	848,864
Deferred income taxes	150,417	146,574
Other noncurrent liabilities	216,386	197,368
Total liabilities	1,812,555	1,550,683
Commitments and contingencies
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: 89,921,872 shares at June 30, 2020 and 89,948,374 shares at December 31, 2019	899	899
Additional paid-in capital	772,669	760,453
Retained earnings	2,712,312	2,615,131
Treasury stock at cost: 14,451,474 shares at June 30, 2020 and 13,860,340 shares at December 31, 2019	(1,095,288)	(985,909)
Accumulated other comprehensive income (loss)	(129,555)	(127,345)
Total shareholders’ equity	2,261,037	2,263,229
Total liabilities and shareholders’ equity	$ 4,073,592	$ 3,813,912