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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 25,398 $ 19,796
Accounts receivable, less allowances for discounts and doubtful accounts of $5,464 and $4,425 for 2017 and 2016, respectively 163,175 134,630
Inventories 332,601 312,477
Prepaid expenses and other current assets 12,703 7,318
Total current assets 533,877 474,221
Property, plant and equipment, net of accumulated depreciation of $192,937 and $191,551 for 2017 and 2016, respectively 86,738 78,499
Goodwill 67,451 67,231
Other intangibles, net 58,204 64,056
Deferred income taxes 50,575 51,127
Other assets 34,840 33,563
Total assets 831,685 768,697
CURRENT LIABILITIES:    
Notes payable 73,000 54,812
Current portion of long-term debt 47 43
Accounts payable 86,278 83,878
Sundry payables and accrued expenses 46,321 45,147
Accrued customer returns 45,074 40,176
Accrued rebates 36,416 29,127
Payroll and commissions 27,429 30,658
Total current liabilities 314,565 283,841
Long-term debt 90 120
Other accrued liabilities 13,881 12,380
Accrued asbestos liabilities 33,629 31,328
Total liabilities 362,165 327,669
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 102,173 96,850
Retained earnings 370,097 336,464
Accumulated other comprehensive income (3,991) (11,028)
Treasury stock - at cost (1,442,745 shares and 1,101,487 shares in 2017 and 2016, respectively) (46,631) (29,130)
Total stockholders' equity 469,520 441,028
Total liabilities and stockholders' equity $ 831,685 $ 768,697