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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 11,746 $ 11,138
Accounts receivable, less allowances for discounts and doubtful accounts of $6,643 and $5,687 for 2019 and 2018, respectively 174,164 157,535
Inventories 365,251 349,811
Unreturned customer inventories 19,784 20,484
Prepaid expenses and other current assets 9,412 7,256
Total current assets 580,357 546,224
Property, plant and equipment, net of accumulated depreciation of $187,777 and $186,135 for 2019 and 2018, respectively 88,850 90,754
Operating lease right-of-use assets 37,301 0
Goodwill 67,370 67,321
Other intangibles, net 46,581 48,411
Deferred income taxes 41,126 42,334
Investments in unconsolidated affiliates 33,703 32,469
Other assets 17,446 15,619
Total assets 912,734 843,132
CURRENT LIABILITIES:    
Notes payable 78,717 43,689
Current portion of other debt 5,023 5,377
Accounts payable 96,878 94,357
Sundry payables and accrued expenses 32,116 31,033
Accrued customer returns 55,318 57,433
Accrued core liability 28,260 31,263
Accrued rebates 31,357 28,870
Payroll and commissions 17,901 20,564
Total current liabilities 345,570 312,586
Long-term debt 161 153
Noncurrent operating lease liabilities 30,130 0
Other accrued liabilities 19,996 18,075
Accrued asbestos liabilities 43,837 45,117
Total liabilities 439,694 375,931
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 104,467 102,470
Retained earnings 387,170 380,113
Accumulated other comprehensive income (8,904) (9,594)
Treasury stock - at cost (1,565,916 shares and 1,503,284 shares in 2019 and 2018, respectively) (57,565) (53,660)
Total stockholders' equity 473,040 467,201
Total liabilities and stockholders' equity $ 912,734 $ 843,132