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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 15,581 $ 19,796
Accounts receivable, less allowances for discounts and doubtful accounts of $5,101 and $4,425 for 2017 and 2016, respectively 180,156 134,630
Inventories 331,818 312,477
Prepaid expenses and other current assets 6,901 7,318
Total current assets 534,456 474,221
Property, plant and equipment, net of accumulated depreciation of $191,580 and $191,551 for 2017 and 2016, respectively 79,129 78,499
Goodwill 67,310 67,231
Other intangibles, net 62,007 64,056
Deferred income taxes 50,965 51,127
Other assets 35,518 33,563
Total assets 829,385 768,697
CURRENT LIABILITIES:    
Notes payable 82,045 54,812
Current portion of long-term debt 44 43
Accounts payable 101,989 83,878
Sundry payables and accrued expenses 43,036 45,147
Accrued customer returns 47,692 40,176
Accrued rebates 33,133 29,127
Payroll and commissions 19,945 30,658
Total current liabilities 327,884 283,841
Long-term debt 111 120
Other accrued liabilities 13,464 12,380
Accrued asbestos liabilities 30,353 31,328
Total liabilities 371,812 327,669
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 99,527 96,850
Retained earnings 347,860 336,464
Accumulated other comprehensive income (8,340) (11,028)
Treasury stock - at cost (1,083,059 shares and 1,101,487 shares in 2017 and 2016, respectively) (29,346) (29,130)
Total stockholders' equity 457,573 441,028
Total liabilities and stockholders' equity $ 829,385 $ 768,697