Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 134,471	$ 66,447
Accounts receivable, less allowances (2017 - $4,495; 2016 - $3,992)	325,189	287,123
Inventories	252,502	227,759
Prepaid expenses and other current assets	31,591	27,163
Total current assets	743,753	608,492
Deferred income taxes	31,942	25,433
Property, plant and equipment	825,705	762,187
Less accumulated depreciation	(471,760)	(427,698)
Property, plant and equipment, net	353,945	334,489
Goodwill	685,990	633,436
Other intangible assets, net	514,331	522,258
Other assets	16,570	13,431
Total assets	2,346,531	2,137,539
Current liabilities
Notes and overdrafts payable	16,875	30,825
Accounts payable	127,750	112,024
Accrued liabilities	191,889	156,967
Long-term debt - current	1,689	2,067
Total current liabilities	338,203	301,883
Long-term debt	497,429	468,062
Accrued retirement benefits	91,803	109,350
Deferred income taxes	64,700	66,446
Other liabilities	24,795	23,440
Commitments and contingencies (Note 13)
Stockholders' equity
Common stock - par value $0.01 per share Authorized: 150,000,000 shares Issued: at par value (2017 - 62,987,803 shares; 2016 - 62,692,403 shares)	630	627
Additional paid-in capital	452,677	443,235
Treasury stock, at cost (2017 - 9,377,948 shares; 2016 - 8,889,947 shares)	(279,978)	(251,827)
Retained earnings	1,273,474	1,177,151
Accumulated other non-owner changes to equity	(117,202)	(200,828)
Total stockholders' equity	1,329,601	1,168,358
Total liabilities and stockholders' equity	$ 2,346,531	$ 2,137,539

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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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).