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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 19,488 $ 10,372
Accounts receivable, less allowances for discounts and doubtful accounts of $5,822 and $5,212 in 2020 and 2019, respectively 198,039 126,640
Inventories 345,502 368,221
Unreturned customer inventories 19,632 19,722
Prepaid expenses and other current assets 15,875 15,602
Total current assets 598,536 540,557
Property, plant and equipment, net 89,105 89,649
Operating lease right-of-use assets 29,958 36,020
Goodwill 77,837 77,802
Other intangibles, net 54,004 64,861
Deferred incomes taxes 44,770 37,272
Investments in unconsolidated affiliates 40,507 38,858
Other assets 21,823 18,835
Total assets 956,540 903,854
CURRENT LIABILITIES:    
Notes payable 10,000 52,460
Current portion of other debt 135 4,456
Accounts payable 100,018 92,535
Sundry payables and accrued expenses 47,078 38,819
Accrued customer returns 40,982 35,240
Accrued core liability 22,014 24,357
Accrued rebates 46,437 26,072
Payroll and commissions 35,938 26,649
Total current liabilities 302,602 300,588
Long-term debt 97 129
Noncurrent operating lease liabilities 22,450 28,376
Other accrued liabilities 25,929 20,837
Accrued asbestos liabilities 55,226 49,696
Total liabilities 406,304 399,626
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 105,084 102,742
Retained earnings 463,612 417,437
Accumulated other comprehensive income (5,676) (8,589)
Treasury stock - at cost (1,586,923 shares and 1,477,594 shares in 2020 and 2019, respectively) (60,656) (55,234)
Total stockholders' equity 550,236 504,228
Total liabilities and stockholders' equity $ 956,540 $ 903,854