Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 03, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 11,524	$ 12,411
Accounts receivable, net	231,990	234,648
Inventories	367,718	359,741
Deferred income taxes	25,675	25,888
Other current assets	32,885	29,568
Total current assets	669,792	662,256
Property, plant and equipment, net of accumulated depreciation of $194,660 and $183,829 respectively	147,113	147,825
Goodwill	245,079	238,581
Other intangibles assets, net	92,686	94,491
Deferred income taxes	36,248	34,784
Other assets	25,085	23,268
Total assets	1,216,003	1,201,205
Current liabilities:
Current portion of long-term debt	5,000	10,000
Accounts payable – trade	131,895	116,787
Accrued salaries and wages	36,655	42,214
Advances on contracts	6,558	2,406
Other accruals and payables	43,923	47,583
Income taxes payable	1,528	2,734
Total current liabilities	225,559	221,724
Long-term debt, excluding current portion	268,188	271,232
Deferred income taxes	2,630	3,391
Underfunded pension	130,304	141,546
Other long-term liabilities	$ 43,770	$ 45,647
Commitments and contingencies
Shareholders' equity:
Preferred stock, $1 par value, 200,000 shares authorized; none outstanding	$ 0	$ 0
Common stock, $1 par value, 50,000,000 shares authorized, voting, 27,686,687 and 27,518,226 shares issued, respectively	27,687	27,518
Additional paid-in capital	152,894	145,845
Retained earnings	504,625	479,984
Accumulated other comprehensive income (loss)	(125,762)	(126,261)
Less 485,332 and 385,942 shares of common stock, respectively, held in treasury, at cost	(13,892)	(9,421)
Total shareholders’ equity	545,552	517,665
Total liabilities and shareholders’ equity	$ 1,216,003	$ 1,201,205