Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 24,026	$ 29,511
Accounts and other receivables, net of allowance for doubtful accounts and sales returns of $2,694 in 2017 and $3,102 in 2016	129,164	97,388
Income Taxes Receivable, Current	13,691	7,518
Inventories	84,359	66,069
Prepaid expenses and other	7,176	7,738
Total current assets	258,416	208,224
Property, plant and equipment, at cost	861,363	797,630
Less accumulated depreciation	(556,833)	(536,905)
Net property, plant and equipment	304,530	260,725
Intangible Assets, Net (Including Goodwill)	189,442	151,423
Other assets and deferred charges	55,573	30,790
Total assets	807,961	651,162
Current liabilities:
Accounts payable	95,706	81,342
Accrued expenses	38,323	38,647
Total current liabilities	134,029	119,989
Long-term debt	187,250	95,000
Deferred income taxes	25,717	21,110
Other noncurrent liabilities	101,537	104,280
Total liabilities	448,533	340,379
Commitments and contingencies (Notes 1 and 12)
Shareholders’ equity:
Common stock, no par value (issued and outstanding - 33,030,190 at June 30, 2017 and 32,933,807 at December 31, 2016)	33,505	32,007
Common stock held in trust for savings restoration plan (70,390 shares at June 30, 2017 and 69,622 shares at December 31, 2016)	(1,512)	(1,497)
Foreign currency translation adjustment	(91,296)	(93,970)
Gain on derivative financial instruments	825	863
Pension and other post-retirement benefit adjustments	(86,227)	(90,127)
Retained earnings	504,133	463,507
Total shareholders’ equity	359,428	310,783
Total liabilities and shareholders’ equity	$ 807,961	$ 651,162

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).