XML 76 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 13,259 $ 11,138
Accounts receivable, less allowances for discounts and doubtful accounts of $6,001 and $5,687 for 2019 and 2018, respectively 168,968 157,535
Inventories 340,231 349,811
Unreturned customer inventories 20,325 20,484
Prepaid expenses and other current assets 14,273 7,256
Total current assets 557,056 546,224
Property, plant and equipment, net of accumulated depreciation of $194,410 and $186,135 for 2019 and 2018, respectively 88,835 90,754
Operating lease right-of-use assets 34,055 0
Goodwill 77,664 67,321
Other intangibles, net 66,857 48,411
Deferred income taxes 39,105 42,334
Investments in unconsolidated affiliates 39,030 32,469
Other assets 18,081 15,619
Total assets 920,683 843,132
CURRENT LIABILITIES:    
Notes payable 78,211 43,689
Current portion of other debt 5,225 5,377
Accounts payable 71,139 94,357
Sundry payables and accrued expenses 36,326 31,033
Accrued customer returns 53,984 57,433
Accrued core liability 26,045 31,263
Accrued rebates 31,140 28,870
Payroll and commissions 27,590 20,564
Total current liabilities 329,660 312,586
Long-term debt 132 153
Noncurrent operating lease liabilities 27,214 0
Other accrued liabilities 19,731 18,075
Accrued asbestos liabilities 49,894 45,117
Total liabilities 426,631 375,931
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 106,043 102,470
Retained earnings 411,083 380,113
Accumulated other comprehensive income (11,236) (9,594)
Treasury stock - at cost (1,597,342 shares and 1,503,284 shares in 2019 and 2018, respectively) (59,710) (53,660)
Total stockholders' equity 494,052 467,201
Total liabilities and stockholders' equity $ 920,683 $ 843,132