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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 30,537 $ 18,800
Accounts receivable, less allowances for discounts and doubtful accounts of $4,623 and $4,246 for 2016 and 2015, respectively 161,726 123,853
Inventories 302,598 285,793
Deferred income taxes 42,003 40,626
Prepaid expenses and other current assets 5,893 10,668
Total current assets 542,757 479,740
Property, plant and equipment, net of accumulated depreciation of $194,393 and $194,077 for 2016 and 2015, respectively 77,081 68,882
Goodwill 67,151 54,881
Other intangibles, net 66,318 29,386
Deferred income taxes 8,315 10,737
Other assets 36,554 37,438
Total assets 798,176 681,064
CURRENT LIABILITIES:    
Notes payable 70,000 47,427
Current portion of long-term debt 44 16
Accounts payable 88,168 72,711
Sundry payables and accrued expenses 49,121 40,706
Accrued customer returns 46,424 38,812
Accrued rebates 30,039 27,196
Payroll and commissions 30,485 17,048
Total current liabilities 314,281 243,916
Long-term debt 134 62
Other accrued liabilities 13,338 12,922
Accrued asbestos liabilities 31,884 32,185
Total liabilities 359,637 289,085
Commitments and contingencies
Stockholders' equity:    
Common stock - par value $2.00 per share: Authorized - 30,000,000 shares; issued 23,936,036 shares 47,872 47,872
Capital in excess of par value 97,246 93,247
Retained earnings 331,993 291,481
Accumulated other comprehensive income (6,314) (6,474)
Treasury stock - at cost (1,219,757 shares and 1,295,316 shares in 2016 and 2015, respectively) (32,258) (34,147)
Total stockholders' equity 438,539 391,979
Total liabilities and stockholders' equity $ 798,176 $ 681,064