CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 177,312	$ 227,767
Accounts receivable, less allowance for doubtful accounts of $2,015 and $1,952	136,993	119,604
Inventories	102,549	91,130
Prepaid income taxes	4,392	3,020
Asbestos-related insurance receivables	7,099	7,099
Assets held for sale	2,741	871
Other current assets	10,355	8,910
Total current assets	441,441	458,401
Property, plant and equipment, net of accumulated depreciation	173,363	176,916
Investments in unconsolidated joint ventures	17,949	16,183
Deferred income taxes	19,657	14,634
Goodwill	232,247	208,431
Other intangible assets	167,226	136,676
Asbestos-related insurance receivables	41,295	41,295
Other long-term assets	5,963	3,964
Total assets	1,099,141	1,056,500
Current liabilities
Accounts payable	35,560	28,379
Accrued employee benefits and compensation	30,433	31,104
Accrued income taxes payable	12,387	10,921
Current portion of lease obligation	383	350
Current portion of long term debt		3,653
Asbestos-related liabilities	7,099	7,099
Other accrued liabilities	21,349	19,679
Total current liabilities	107,211	101,185
Borrowings under credit facility	191,188	235,877
Long term lease obligation	5,207	4,993
Pension and post-retirement benefit obligations	8,501	8,501
Retiree health care and life insurance benefits	1,510	1,992
Asbestos-related liabilities	44,883	44,883
Non-current income tax	7,302	6,238
Deferred income taxes	11,559	13,883
Other long-term liabilities	3,525	3,162
Commitments and Contingencies (Note 14)
Shareholders’ Equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,161 and 18,021 shares outstanding	18,161	18,021
Additional paid-in capital	123,575	118,678
Retained earnings	652,009	591,349
Accumulated other comprehensive income (loss)	(75,490)	(92,262)
Total shareholders’ equity	718,255	635,786
Total liabilities and shareholders’ equity	$ 1,099,141	$ 1,056,500