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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 141,452 $ 235,850
Accounts receivable, less allowance for credit losses of $1,003 and $1,007 186,700 177,413
Contract assets 42,223 38,853
Inventories 169,675 182,402
Prepaid income taxes 3,724 4,042
Asbestos-related insurance receivables, current portion 3,881 3,881
Other current assets 35,124 17,426
Total current assets 582,779 659,867
Property, plant and equipment, net of accumulated depreciation of $380,363 and $381,584 346,335 358,415
Investments in unconsolidated joint ventures 12,760 14,082
Deferred income taxes 60,165 50,649
Goodwill 358,641 352,365
Other intangible assets, net of amortization 130,551 133,724
Pension assets 5,432 5,251
Asbestos-related insurance receivables, non-current portion 55,926 55,926
Other long-term assets 15,788 15,935
Total assets 1,568,377 1,646,214
Current liabilities    
Accounts payable 51,233 57,342
Accrued employee benefits and compensation 33,591 34,158
Accrued income taxes payable 7,616 5,504
Asbestos-related liabilities, current portion 4,968 4,968
Finance lease obligations, current portion 355 498
Other accrued liabilities 20,817 40,067
Total current liabilities 118,580 142,537
Borrowings under revolving credit facility 130,000 215,000
Pension and other postretirement benefits liabilities 1,579 1,501
Asbestos-related liabilities, non-current portion 59,884 60,065
Finance lease obligations, non-current portion 1,253 1,295
Non-current income tax 9,450 9,985
Deferred income taxes 24,443 23,557
Other long-term liabilities 17,571 19,808
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity    
Capital stock - $1 par value; 50,000 authorized shares; 18,616 and 18,574 shares issued and outstanding 18,616 18,574
Additional paid-in capital 145,219 140,702
Retained earnings 1,112,813 1,098,454
Accumulated other comprehensive loss (71,031) (85,264)
Total shareholders' equity 1,205,617 1,172,466
Total liabilities and shareholders' equity $ 1,568,377 $ 1,646,214
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Other long-term assets Other long-term assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List] Other accrued liabilities Other accrued liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Other accrued liabilities Other accrued liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Other long-term liabilities Other long-term liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Other long-term liabilities Other long-term liabilities