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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 22,510 $ 10,372
Accounts receivable, less allowances for discounts and doubtful accounts of $5,774 and $5,212 for 2020 and 2019, respectively 184,518 135,516
Inventories 353,315 368,221
Unreturned customer inventories 18,868 19,722
Prepaid expenses and other current assets 10,687 15,602
Total current assets 589,898 549,433
Property, plant and equipment, net of accumulated depreciation of $205,897 and $199,476 for 2020 and 2019, respectively 88,022 89,649
Operating lease right-of-use assets 32,536 36,020
Goodwill 77,593 77,802
Other intangibles, net 60,594 64,861
Deferred income taxes 37,040 37,272
Investments in unconsolidated affiliates 39,319 38,858
Other assets 19,763 18,835
Total assets 944,765 912,730
CURRENT LIABILITIES:    
Notes payable 85,000 52,460
Current portion of other debt 6,084 4,456
Accounts payable 72,133 92,535
Sundry payables and accrued expenses 33,518 38,819
Accrued customer returns 64,803 44,116
Accrued core liability 19,440 24,357
Accrued rebates 35,550 26,072
Payroll and commissions 21,078 26,649
Total current liabilities 337,606 309,464
Long-term debt 108 129
Noncurrent operating lease liabilities 25,148 28,376
Other accrued liabilities 23,539 20,837
Accrued asbestos liabilities 47,708 49,696
Total liabilities 434,109 408,502
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 104,128 102,742
Retained earnings 431,416 417,437
Accumulated other comprehensive income (13,021) (8,589)
Treasury stock - at cost (1,587,765 shares and 1,477,594 shares in 2020 and 2019, respectively) (59,739) (55,234)
Total stockholders' equity 510,656 504,228
Total liabilities and stockholders' equity $ 944,765 $ 912,730