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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 379,179 $ 304,183
Accounts receivable (less allowance for doubtful accounts of $7,768 in 2016; $7,299 in 2015) 273,993 264,715
Inventories    
Raw materials 76,811 87,919
Work-in-process 40,556 39,555
Finished goods 138,039 148,456
Inventories 255,406 275,930
Other current assets 135,135 91,167
Total Current Assets 1,043,713 935,995
Property, Plant and Equipment    
Property, Plant and Equipment, Net 372,377 411,323
Other Assets    
Prepaid Pension [1] 64,397 38,201
Equity investments in affiliates 27,301 27,241
Intangibles, net 130,088 120,719
Goodwill 231,919 187,504
Deferred income taxes 8,424 8,683
Other non-current assets 156,916 119,947
TOTAL ASSETS 1,943,437 1,784,171
Current Liabilities    
Amounts due banks 1,758 2,822
Trade accounts payable 176,757 152,620
Accrued employee compensation and benefits 67,431 65,571
Accrued pensions [2] 5,347 5,026
Dividends payable 22,986 22,622
Customer Advances 21,238 16,112
Other current liabilities 97,806 108,919
Current portion of long-term debt 131 1,456
Total Current Liabilities 388,107 370,122
Long-Term Liabilities    
Long-term debt, less current portion 703,704 350,347
Accrued pensions [3] 24,695 15,243
Deferred income taxes 41,617 46,662
Other long-term liabilities 97,803 84,592
Liabilities 1,231,231 851,723
Shareholders' Equity    
Preferred shares, without par value – at stated capital amount; authorized – 5,000,000 shares; issued and outstanding – none 0 0
Common shares, without par value – at stated capital amount; authorized – 240,000,000 shares; issued – 98,581,434 shares in 2016 and 2015; outstanding – 65,674,754 shares in 2016 and 70,693,389 shares in 2015 9,858 9,858
Additional paid-in capital 309,417 272,908
Retained earnings 2,236,071 2,125,838
Accumulated other comprehensive loss (329,037) (296,267)
Treasury shares, at cost – 32,906,680 shares in 2016 and 27,888,045 shares in 2015 (1,514,832) (1,180,750)
Total Shareholders' Equity 711,477 931,587
Noncontrolling interests 729 861
Total Equity 712,206 932,448
TOTAL LIABILITIES AND EQUITY $ 1,943,437 $ 1,784,171
[1] (1) Included in Other current assets.
[2] (2) Included in Other current liabilities.
[3] (3) Included in Other liabilities.