Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 41,205	$ 16,462
Accounts receivable, net	230,864	238,102
Inventories	393,814	385,747
Income tax refunds receivable	6,065	3,591
Other current assets	26,605	32,133
Total current assets	698,553	676,035
Property, plant and equipment, net of accumulated depreciation of $226,366 and $202,648, respectively	176,521	175,586
Goodwill	337,894	352,710
Other intangible assets, net	126,444	144,763
Deferred income taxes	59,373	66,815
Other assets	27,501	23,702
Total assets	1,426,286	1,439,611
Current liabilities:
Current portion of long-term debt	119,548	5,000
Accounts payable – trade	116,663	117,014
Accrued salaries and wages	43,165	40,284
Advances on contracts	13,356	11,274
Income taxes payable	1,165	326
Other current liabilities	59,989	62,791
Total current liabilities	353,886	236,689
Long-term debt, excluding current portion	296,598	434,227
Deferred income taxes	6,875	15,207
Underfunded pension	156,427	158,984
Other long-term liabilities	44,916	51,427
Commitments and contingencies (Note 16)
Temporary equity, convertible notes	1,797	0
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; 28,162,497 and 27,735,757 shares issued, respectively	28,162	27,736
Additional paid-in capital	171,162	156,803
Retained earnings	560,200	520,865
Accumulated other comprehensive income (loss)	(156,393)	(140,138)
Less 1,054,364 and 698,183 shares of common stock, respectively, held in treasury, at cost	(37,344)	(22,189)
Total shareholders’ equity	565,787	543,077
Total liabilities and shareholders’ equity	$ 1,426,286	$ 1,439,611