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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 11,138 $ 17,323
Accounts receivable, less allowances for discounts and doubtful accounts of $5,687 and $4,967 in 2018 and 2017, respectively 157,535 140,057
Inventories 349,811 326,411
Unreturned customer inventories [1] 20,484 0
Prepaid expenses and other current assets 7,256 12,300
Total current assets 546,224 496,091
Property, plant and equipment, net 90,754 89,103
Goodwill 67,321 67,413
Other intangibles, net 48,411 56,261
Deferred incomes taxes 42,334 32,420
Investments in unconsolidated affiliates 32,469 31,184
Other assets 15,619 15,095
Total assets 843,132 787,567
CURRENT LIABILITIES:    
Notes payable 43,689 57,000
Current portion of other debt 5,377 4,699
Accounts payable 94,357 77,990
Sundry payables and accrued expenses 31,033 40,012
Accrued customer returns 57,433 35,916
Accrued core liability 31,263 11,899
Accrued rebates 28,870 35,346
Payroll and commissions 20,564 23,035
Total current liabilities 312,586 285,897
Long-term debt 153 79
Other accrued liabilities 18,075 14,561
Accrued asbestos liabilities 45,117 33,376
Total liabilities 375,931 333,913
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 102,470 100,057
Retained earnings 380,113 357,153
Accumulated other comprehensive income (9,594) (4,109)
Treasury stock - at cost (1,503,284 shares and 1,424,025 shares in 2018 and 2017, respectively) (53,660) (47,319)
Total stockholders' equity 467,201 453,654
Total liabilities and stockholders' equity $ 843,132 $ 787,567
[1] The adoption of ASU 2014-09 using the modified retrospective method resulted in the recording of unreturned customer inventories commencing on January 1, 2018, see Note 1, "Summary of Significant Accounting Policies" for additional information.