CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 225,332	$ 232,296
Accounts receivable, less allowance for credit losses of $1,031 and $1,223	176,642	163,092
Contract assets	38,373	36,610
Inventories	171,129	133,384
Prepaid income taxes	3,036	1,921
Asbestos-related insurance receivables, current portion	3,361	3,176
Other current assets	17,823	13,586
Total current assets	635,696	584,065
Property, plant and equipment, net of accumulated depreciation of $366,088 and $367,850	360,085	326,967
Investments in unconsolidated joint ventures	15,931	16,328
Deferred income taxes	38,021	32,671
Goodwill	351,811	370,189
Other intangible assets, net of amortization	159,978	176,353
Pension assets	5,310	5,123
Asbestos-related insurance receivables, non-current portion	55,516	59,391
Other long-term assets	9,922	27,479
Total assets	1,632,270	1,598,566
Current liabilities
Accounts payable	76,840	64,660
Accrued employee benefits and compensation	33,006	48,196
Accrued income taxes payable	5,815	9,632
Asbestos-related liabilities, current portion	4,048	3,841
Other accrued liabilities	35,239	37,620
Total current liabilities	154,948	163,949
Borrowings under revolving credit facility	260,000	190,000
Pension and other postretirement benefits liabilities	1,475	1,618
Asbestos-related liabilities, non-current portion	60,248	64,491
Non-current income tax	9,079	7,131
Deferred income taxes	26,351	29,451
Other long-term liabilities	13,598	23,031
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity
Capital stock - $1 par value; 50,000 authorized shares; 18,811 and 18,730 shares issued and outstanding	18,811	18,730
Additional paid-in capital	161,885	163,583
Retained earnings	1,016,308	981,825
Accumulated other comprehensive loss	(90,433)	(45,243)
Total shareholders' equity	1,106,571	1,118,895
Total liabilities and shareholders' equity	$ 1,632,270	$ 1,598,566