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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 100,719 $ 145,290
Accounts receivable, less allowances (2018 – $5,010; 2017 – $5,143) 382,253 348,943
Inventories 265,990 241,962
Prepaid expenses and other current assets 57,184 32,526
Total current assets 806,146 768,721
Deferred income taxes 20,474 12,161
Property, plant and equipment, net 370,531 359,298
Goodwill 955,524 690,223
Other intangible assets, net 636,538 507,042
Other assets 19,757 28,271
Total assets 2,808,970 2,365,716
Current liabilities    
Notes and overdrafts payable 2,137 5,669
Accounts payable 143,419 127,521
Accrued liabilities 206,782 181,241
Long-term debt – current 5,522 1,330
Total current liabilities 357,860 315,761
Long-term debt 936,357 525,597
Accrued retirement benefits 104,302 89,000
Deferred income taxes 106,559 73,505
Long-term tax liability 72,961 79,770
Other liabilities 27,875 21,762
Commitments and contingencies (Note 21)
Stockholders’ equity    
Common stock – par value $0.01 per share Authorized: 150,000,000 shares, Issued: at par value (2018 – 63,367,133 shares; 2017 – 63,034,240 shares) 634 630
Additional paid-in capital 470,818 457,365
Treasury stock, at cost (2018 – 12,033,580 shares; 2017 – 9,656,369 shares) (441,668) (297,998)
Retained earnings 1,363,772 1,206,723
Accumulated other non-owner changes to equity (190,500) (106,399)
Total stockholders’ equity 1,203,056 1,260,321
Total liabilities and stockholders’ equity $ 2,808,970 $ 2,365,716