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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 74,238 $ 93,805
Accounts receivable, less allowances (2020 - $5,861; 2019 - $5,197) 256,955 348,974
Inventories 262,620 232,706
Prepaid expenses and other current assets 71,709 67,532
Assets held for sale 0 21,373
Total current assets 665,522 764,390
Deferred income taxes 25,481 21,235
Property, plant and equipment 849,817 840,640
Less accumulated depreciation (500,332) (484,037)
Property, plant and equipment, net 349,485 356,603
Goodwill 934,001 933,022
Other intangible assets, net 558,280 581,116
Other assets 55,727 53,924
Assets held for sale 0 28,045
Total assets 2,588,496 2,738,335
Current liabilities    
Notes and overdrafts payable 5,341 7,724
Accounts payable 104,374 118,509
Accrued liabilities 222,422 209,992
Long-term debt - current 1,811 2,034
Liabilities held for sale 0 4,616
Total current liabilities 333,948 342,875
Long-term debt 711,357 825,017
Accrued retirement benefits 93,432 93,358
Deferred income taxes 87,198 88,408
Long-term tax liability 59,063 66,012
Other liabilities 45,792 45,148
Liabilities held for sale 0 6,989
Commitments and contingencies (Note 16)
Stockholders' equity    
Common stock - par value $0.01 per share Authorized: 150,000,000 shares Issued: at par value (2020 - 63,904,435 shares; 2019 - 63,872,756 shares) 639 639
Additional paid-in capital 495,419 489,282
Treasury stock, at cost (2020 - 13,449,860 shares; 2019 - 13,051,256 shares) (513,761) (498,074)
Retained earnings 1,503,049 1,489,176
Accumulated other non-owner changes to equity (227,640) (210,495)
Total stockholders' equity 1,257,706 1,270,528
Total liabilities and stockholders' equity $ 2,588,496 $ 2,738,335