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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 13,360 $ 18,800
Accounts receivable, less allowances for discounts and doubtful accounts of $4,670 and $4,246 for 2016 and 2015, respectively 143,200 123,853
Inventories 300,291 285,793
Deferred income taxes 42,323 40,626
Prepaid expenses and other current assets 7,176 10,668
Total current assets 506,350 479,740
Property, plant and equipment, net of accumulated depreciation of $197,483 and $194,077 for 2016 and 2015, respectively 70,301 68,882
Goodwill 54,824 54,881
Other intangibles, net 27,964 29,386
Deferred income taxes 8,466 10,737
Other assets 37,433 37,438
Total assets 705,338 681,064
CURRENT LIABILITIES:    
Notes payable 49,456 47,427
Current portion of long-term debt 42 16
Accounts payable 86,225 72,711
Sundry payables and accrued expenses 34,907 40,706
Accrued customer returns 41,974 38,812
Accrued rebates 26,891 27,196
Payroll and commissions 15,353 17,048
Total current liabilities 254,848 243,916
Long-term debt 158 62
Other accrued liabilities 13,330 12,922
Accrued asbestos liabilities 31,848 32,185
Total liabilities $ 300,184 $ 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 94,910 93,247
Retained earnings 299,836 291,481
Accumulated other comprehensive income (4,531) (6,474)
Treasury stock - at cost (1,245,276 shares and 1,295,316 shares in 2016 and 2015, respectively) (32,933) (34,147)
Total stockholders' equity 405,154 391,979
Total liabilities and stockholders' equity $ 705,338 $ 681,064