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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 17,100 $ 19,488
Accounts receivable, less allowances for discounts and doubtful accounts of $5,744 and $5,822 for 2021 and 2020, respectively 174,104 198,039
Inventories 390,896 345,502
Unreturned customer inventories 21,088 19,632
Prepaid expenses and other current assets 13,848 15,875
Total current assets 617,036 598,536
Property, plant and equipment, net of accumulated depreciation of $217,278 and $214,394 for 2021 and 2020, respectively 88,563 89,105
Operating lease right-of-use assets 31,453 29,958
Goodwill 77,838 77,837
Other intangibles, net 52,803 54,004
Deferred income taxes 43,692 44,770
Investments in unconsolidated affiliates 40,684 40,507
Other assets 24,413 21,823
Total assets 976,482 956,540
CURRENT LIABILITIES:    
Notes payable 40,967 10,000
Current portion of other debt 1,523 135
Accounts payable 108,536 100,018
Sundry payables and accrued expenses 36,712 47,078
Accrued customer returns 44,729 40,982
Accrued core liability 22,569 22,014
Accrued rebates 39,294 46,437
Payroll and commissions 19,094 35,938
Total current liabilities 313,424 302,602
Long-term debt 84 97
Noncurrent operating lease liabilities 23,890 22,450
Other accrued liabilities 27,514 25,929
Accrued asbestos liabilities 54,630 55,226
Total liabilities 419,542 406,304
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 106,366 105,084
Retained earnings 479,024 463,612
Accumulated other comprehensive income (7,597) (5,676)
Treasury stock - at cost (1,763,886 shares and 1,586,923 shares in 2021 and 2020, respectively) (68,725) (60,656)
Total stockholders' equity 556,940 550,236
Total liabilities and stockholders' equity $ 976,482 $ 956,540