Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 16,462	$ 12,411
Accounts receivable, net	238,102	234,648
Inventories	385,747	359,741
Deferred income taxes	0	25,888
Income tax refunds receivable	3,591	0
Other current assets	32,133	29,568
Total current assets	676,035	662,256
Property, plant and equipment, net of accumulated depreciation of $202,648 and $183,829, respectively	175,586	147,825
Goodwill	352,710	238,581
Other intangible assets, net	144,763	94,491
Deferred income taxes	66,815	34,784
Other assets	25,296	23,268
Total assets	1,441,205	1,201,205
Current liabilities:
Current portion of long-term debt	5,000	10,000
Accounts payable – trade	121,044	116,787
Accrued salaries and wages	40,284	42,214
Advances on contracts	11,274	2,406
Other accruals and payables	58,761	47,583
Income taxes payable	326	2,734
Total current liabilities	236,689	221,724
Long-term debt, excluding current portion	435,821	271,232
Deferred income taxes	15,207	3,391
Underfunded pension	158,984	141,546
Other long-term liabilities	$ 51,427	$ 45,647
Commitments and contingencies (Note 16)
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; 27,735,757 and 27,518,226 shares issued, respectively	27,736	27,518
Additional paid-in capital	156,803	145,845
Retained earnings	520,865	479,984
Accumulated other comprehensive income (loss)	(140,138)	(126,261)
Less 698,183 and 385,942 shares of common stock, respectively, held in treasury, at cost	(22,189)	(9,421)
Total shareholders’ equity	543,077	517,665
Total liabilities and shareholders’ equity	$ 1,441,205	$ 1,201,205