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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents [1] $ 36,491 $ 29,511
Accounts and other receivables, net of allowance for doubtful accounts and sales returns of $3,304 in 2017 and $3,102 in 2016 120,135 97,388
Income taxes recoverable 32,080 7,518
Inventories 86,907 66,069
Prepaid expenses and other 8,224 7,738
Total current assets 283,837 208,224
Property, plant and equipment, at cost:    
Land and land improvements 8,723 11,294
Buildings 101,271 126,064
Machinery and equipment 660,898 660,272
Total property, plant and equipment 770,892 797,630
Less accumulated depreciation (547,801) (536,905)
Net property, plant and equipment 223,091 260,725
Investment in kaleo 54,000 20,200
Intangible Assets, Net (Excluding Goodwill) 40,552 33,601
Goodwill 128,208 117,822
Deferred Tax Assets, Net, Noncurrent 16,636 584
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 46,454 53,246
Other assets 9,419 10,006
Total assets [1] 755,743 651,162
Current liabilities:    
Accounts payable 108,391 81,342
Accrued expenses 42,433 38,647
Total current liabilities 150,824 119,989
Long-term debt 152,000 95,000
Liability, Pension and Other Postretirement and Postemployment Benefits, Noncurrent 98,837 95,370
Pension and other postretirement benefit obligations, net 2,123 21,110
Deferred Tax Liabilities, Net   (20,526)
Deferred Tax Liabilities, Gross 31,941 73,772
Other noncurrent liabilities 8,179 8,910
Total liabilities 411,963 340,379
Commitments and contingencies
Shareholders’ equity:    
Issued and outstanding—33,017,422 shares in 2017 and 32,933,807 in 2016 (including restricted stock) 34,747 32,007
Common stock held in trust for savings restoration plan (71,309 shares in 2017 and 69,622 in 2016) (1,528) (1,497)
Accumulated other comprehensive income (loss):    
Foreign currency translation adjustment (86,178) (93,970)
Gain (loss) on derivative financial instruments 459 863
Pension and other postretirement benefit adjustments (90,950) (90,127)
Retained earnings 487,230 463,507
Total shareholders’ equity 343,780 310,783
Total liabilities and shareholders’ equity $ 755,743 $ 651,162
[1] Information on exports and foreign operations are provided on the previous page. Cash and cash equivalents includes funds held in locations outside the U.S. of $32.7 million and $23.8 million at December 31, 2017 and 2016, respectively. Export sales relate almost entirely to PE Films. Operations outside the U.S. in The Netherlands, Hungary, China and India also relate to PE Films. Operations in Brazil are primarily related to Flexible Packaging Films, but also include PE Films operations. Sales from locations in The Netherlands and Hungary are primarily to customers located in Europe. Sales from locations in China (Guangzhou and Shanghai) are primarily to customers located in China, but also include other customers in Asia.