CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 186,111	$ 227,767
Accounts receivable, less allowance for doubtful accounts of $2,336 and $1,952	134,084	119,604
Inventories	94,795	91,130
Prepaid income taxes	3,924	3,020
Asbestos-related insurance receivables	7,099	7,099
Other current assets	12,616	8,910
Assets held for sale	1,727	871
Total current assets	440,356	458,401
Property, plant and equipment, net of accumulated depreciation	175,642	176,916
Investments in unconsolidated joint ventures	16,726	16,183
Deferred income taxes	23,480	14,634
Goodwill	228,229	208,431
Other intangible assets	169,579	136,676
Asbestos-related insurance receivables	41,295	41,295
Other long-term assets	6,081	3,964
Total assets	1,101,388	1,056,500
Current liabilities
Accounts payable	30,297	28,379
Accrued employee benefits and compensation	24,696	31,104
Accrued income taxes payable	15,506	10,921
Current portion of lease obligation	356	350
Current portion of long term debt		3,653
Asbestos-related liabilities	7,099	7,099
Other accrued liabilities	19,162	19,679
Total current liabilities	97,116	101,185
Borrowings under credit facility	241,188	235,877
Long term lease obligation	4,962	4,993
Pension and post-retirement benefit obligations	8,501	8,501
Retiree health care and life insurance benefits	1,992	1,992
Asbestos-related liabilities	44,883	44,883
Non-current income tax	6,517	6,238
Deferred income taxes	13,463	13,883
Other long-term liabilities	3,527	3,162
Commitments and Contingencies (Note 14)
Shareholders’ Equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,121 and 18,021 shares outstanding	18,121	18,021
Additional paid-in capital	118,213	118,678
Retained earnings	631,113	591,349
Accumulated other comprehensive income (loss)	(88,208)	(92,262)
Total shareholders’ equity	679,239	635,786
Total liabilities and shareholders’ equity	$ 1,101,388	$ 1,056,500