Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 95,122	$ 97,098
Receivables, less allowance for doubtful accounts of $983 in 2015 and $1,374 in 2014	44,877	54,863
Inventories	59,734	54,713
Insurance receivable - asbestos	17,000	17,000
Other current assets	2,949	3,105
Total current assets	219,682	226,779
Property, plant and equipment, net	146,913	149,839
Insurance receivable - asbestos	108,423	123,651
Deferred income tax assets	20,569	25,532
Investments in joint ventures	3,097	3,914
Other noncurrent assets	7,472	6,694
Total Assets	506,156	536,409
Current liabilities:
Accounts payable	13,959	16,721
Accrued payrolls and employee benefits	9,183	8,250
Industrial Revenue Bond debt	13,311	13,311
Asbestos liability - current portion	21,000	21,000
Other current liabilities	23,880	22,208
Total current liabilities	81,333	81,490
Employee benefit obligations	63,702	81,216
Asbestos liability	148,849	168,048
Other noncurrent liabilities	849	507
Total liabilities	$ 294,733	$ 331,261
Commitments and contingent liabilities (Note 8)
Shareholders' equity:
Common stock - par value $1; authorized 20,000 shares; issued and outstanding 10,440 shares in 2015 and 10,426 shares in 2014	$ 10,440	$ 10,426
Additional paid-in capital	128,840	127,526
Retained earnings	129,742	135,949
Accumulated other comprehensive loss	(57,599)	(68,753)
Total shareholders' equity	211,423	205,148
Total Liabilities and Shareholders' Equity	$ 506,156	$ 536,409