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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 27,321 $ 17,323
Accounts receivable, less allowances for discounts and doubtful accounts of $5,537 and $4,967 for 2018 and 2017, respectively 163,309 140,057
Inventories 318,420 326,411
Unreturned customer inventories 21,295 [1] 0
Prepaid expenses and other current assets 11,681 12,300
Total current assets 542,026 496,091
Property, plant and equipment, net of accumulated depreciation of $190,015 and $191,081 for 2018 and 2017, respectively 91,735 89,103
Goodwill 67,387 67,413
Other intangibles, net 50,263 56,261
Deferred income taxes 34,907 32,420
Investments in unconsolidated affiliates 33,785 31,184
Other assets 16,284 15,095
Total assets 836,387 787,567
CURRENT LIABILITIES:    
Notes payable 45,000 57,000
Current portion of other debt 5,980 4,699
Accounts payable 84,031 77,990
Sundry payables and accrued expenses 30,879 40,012
Accrued customer returns 53,717 35,916
Accrued core liability 30,002 11,899
Accrued rebates 35,329 35,346
Payroll and commissions 24,013 23,035
Total current liabilities 308,951 285,897
Long-term debt 26 79
Other accrued liabilities 18,039 14,561
Accrued asbestos liabilities 35,319 33,376
Total liabilities 362,335 333,913
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 104,876 100,057
Retained earnings 381,503 357,153
Accumulated other comprehensive income (7,117) (4,109)
Treasury stock - at cost (1,520,524 shares and 1,424,025 shares in 2018 and 2017, respectively) (53,082) (47,319)
Total stockholders' equity 474,052 453,654
Total liabilities and stockholders' equity $ 836,387 $ 787,567
[1] The adoption of ASU 2014-09 using the modified retrospective method resulted in the recording of unreturned customer inventories commencing on January 1, 2018, see Note 2, "Summary of Significant Accounting Policies" for additional information.