CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 227,767	$ 204,586
Accounts receivable, less allowance for doubtful accounts of $1,952 and $695	119,604	101,428
Inventories	91,130	91,824
Prepaid income taxes	3,020	5,058
Deferred income taxes		9,565
Asbestos-related insurance receivables	7,099	8,245
Land held for sale	871
Other current assets	8,910	7,959
Total current assets	458,401	428,665
Property, plant and equipment, net of accumulated depreciation	176,916	178,661
Investments in unconsolidated joint ventures	16,183	15,348
Deferred income taxes	14,634	8,594
Goodwill	208,431	175,453
Other intangible assets	136,676	75,019
Asbestos-related insurance receivables	41,295	45,114
Other long-term assets	3,964	3,501
Total assets	1,056,500	930,355
Current liabilities
Accounts payable	28,379	22,251
Accrued employee benefits and compensation	31,104	23,263
Accrued income taxes payable	10,921	3,599
Current portion of lease obligation	350	284
Current portion of long term debt	3,653	2,966
Asbestos-related liabilities	7,099	8,245
Other accrued liabilities	19,679	18,040
Total current liabilities	101,185	78,648
Long term debt	235,877	173,557
Long term lease obligation	4,993	5,549
Pension liability	8,501	12,623
Retiree health care and life insurance benefits	1,992	2,185
Asbestos-related liabilities	44,883	48,390
Non-current income tax	6,238	11,863
Deferred income taxes	13,883	9,455
Other long-term liabilities	3,162	3,503
Commitments and Contingencies (Note 15)
Shareholders’ Equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,021 and 17,957 shares outstanding	18,021	17,957
Additional paid-in capital	118,678	112,017
Retained earnings	591,349	543,066
Accumulated other comprehensive loss	(92,262)	(88,458)
Total shareholders’ equity	635,786	584,582
Total liabilities and shareholders’ equity	$ 1,056,500	$ 930,355