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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 16,389 $ 19,796
Accounts receivable, less allowances for discounts and doubtful accounts of $5,883 and $4,425 for 2017 and 2016, respectively 187,759 134,630
Inventories 340,886 312,477
Prepaid expenses and other current assets 9,436 7,318
Total current assets 554,470 474,221
Property, plant and equipment, net of accumulated depreciation of $191,874 and $191,551 for 2017 and 2016, respectively 81,973 78,499
Goodwill 67,401 67,231
Other intangibles, net 60,008 64,056
Deferred income taxes 50,407 51,127
Other assets 36,174 33,563
Total assets 850,433 768,697
CURRENT LIABILITIES:    
Notes payable 78,946 54,812
Current portion of long-term debt 46 43
Accounts payable 104,074 83,878
Sundry payables and accrued expenses 43,991 45,147
Accrued customer returns 45,779 40,176
Accrued rebates 36,797 29,127
Payroll and commissions 25,519 30,658
Total current liabilities 335,152 283,841
Long-term debt 101 120
Other accrued liabilities 13,573 12,380
Accrued asbestos liabilities 29,383 31,328
Total liabilities 378,209 327,669
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 101,183 96,850
Retained earnings 361,288 336,464
Accumulated other comprehensive income (5,487) (11,028)
Treasury stock - at cost (1,142,469 shares and 1,101,487 shares in 2017 and 2016, respectively) (32,632) (29,130)
Total stockholders' equity 472,224 441,028
Total liabilities and stockholders' equity $ 850,433 $ 768,697