XML 24 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 13,268 $ 10,372
Accounts receivable, less allowances for discounts and doubtful accounts of $5,647 and $5,212 for 2020 and 2019, respectively 165,685 135,516
Inventories 370,935 368,221
Unreturned customer inventories 19,379 19,722
Prepaid expenses and other current assets 15,422 15,602
Total current assets 584,689 549,433
Property, plant and equipment, net of accumulated depreciation of $200,960 and $199,476 for 2020 and 2019, respectively 88,573 89,649
Operating lease right-of-use assets 34,292 36,020
Goodwill 77,588 77,802
Other intangibles, net 62,482 64,861
Deferred income taxes 36,631 37,272
Investments in unconsolidated affiliates 38,572 38,858
Other assets 17,884 18,835
Total assets 940,711 912,730
CURRENT LIABILITIES:    
Notes payable 105,000 52,460
Current portion of other debt 4,595 4,456
Accounts payable 81,266 92,535
Sundry payables and accrued expenses 31,702 38,819
Accrued customer returns 52,389 44,116
Accrued core liability 21,424 24,357
Accrued rebates 33,466 26,072
Payroll and commissions 18,365 26,649
Total current liabilities 348,207 309,464
Long-term debt 111 129
Noncurrent operating lease liabilities 26,841 28,376
Other accrued liabilities 19,987 20,837
Accrued asbestos liabilities 48,952 49,696
Total liabilities 444,098 408,502
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 104,245 102,742
Retained earnings 420,449 417,437
Accumulated other comprehensive income (14,894) (8,589)
Treasury stock - at cost (1,622,842 shares and 1,477,594 shares in 2020 and 2019, respectively) (61,059) (55,234)
Total stockholders' equity 496,613 504,228
Total liabilities and stockholders' equity $ 940,711 $ 912,730