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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 16,781 $ 10,372
Accounts receivable, less allowances for discounts and doubtful accounts of $6,061 and $5,212 for 2020 and 2019, respectively 238,045 135,516
Inventories 311,390 368,221
Unreturned customer inventories 19,964 19,722
Prepaid expenses and other current assets 10,094 15,602
Total current assets 596,274 549,433
Property, plant and equipment, net of accumulated depreciation of $208,941 and $199,476 for 2020 and 2019, respectively 88,288 89,649
Operating lease right-of-use assets 30,910 36,020
Goodwill 77,681 77,802
Other intangibles, net 58,543 64,861
Deferred income taxes 39,807 37,272
Investments in unconsolidated affiliates 38,945 38,858
Other assets 20,549 18,835
Total assets 950,997 912,730
CURRENT LIABILITIES:    
Notes payable 8,416 52,460
Current portion of other debt 3,580 4,456
Accounts payable 79,260 92,535
Sundry payables and accrued expenses 43,291 38,819
Accrued customer returns 75,279 44,116
Accrued core liability 19,981 24,357
Accrued rebates 45,236 26,072
Payroll and commissions 28,771 26,649
Total current liabilities 303,814 309,464
Long-term debt 103 129
Noncurrent operating lease liabilities 23,452 28,376
Other accrued liabilities 25,560 20,837
Accrued asbestos liabilities 53,164 49,696
Total liabilities 406,093 408,502
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 106,576 102,742
Retained earnings 460,041 417,437
Accumulated other comprehensive income (10,159) (8,589)
Treasury stock - at cost (1,579,447 shares and 1,477,594 shares in 2020 and 2019, respectively) (59,426) (55,234)
Total stockholders' equity 544,904 504,228
Total liabilities and stockholders' equity $ 950,997 $ 912,730