CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 247,397	$ 204,586
Accounts receivable, less allowance for doubtful accounts of $771 and $695	109,310	101,428
Inventories	88,257	91,824
Prepaid income taxes	4,171	5,058
Deferred income taxes		9,565
Asbestos-related insurance receivables	8,245	8,245
Other current assets	10,718	7,959
Total current assets	468,098	428,665
Property, plant and equipment, net of accumulated depreciation of $251,221 and $237,150	174,808	178,661
Investments in unconsolidated joint ventures	16,653	15,348
Deferred income taxes	14,820	8,594
Goodwill	177,067	175,453
Other intangible assets	70,313	75,019
Asbestos-related insurance receivables	45,114	45,114
Other long-term assets	3,328	3,501
Total assets	970,201	930,355
Current liabilities
Accounts payable	26,751	22,251
Accrued employee benefits and compensation	25,063	23,263
Accrued income taxes payable	5,438	3,599
Current portion of long term debt	3,653	2,966
Asbestos-related liabilities	8,245	8,245
Other accrued liabilities	19,388	18,324
Total current liabilities	88,538	78,648
Long term debt	171,730	173,557
Long term lease obligation	5,510	5,549
Pension and post-retirement benefit obligations	14,808	14,808
Asbestos-related liabilities	48,390	48,390
Non-current income tax	9,849	11,863
Deferred income taxes	14,982	9,455
Other long-term liabilities	3,201	3,503
Commitments and Contingencies (Note 14)
Shareholders’ Equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,027 and 17,957 shares outstanding	18,027	17,957
Additional paid-in capital	114,974	112,017
Retained earnings	563,371	543,066
Accumulated other comprehensive income (loss)	(83,179)	(88,458)
Total shareholders' equity	613,193	584,582
Total liabilities and shareholders' equity	$ 970,201	$ 930,355