CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 150,993	$ 227,767
Accounts receivable, less allowance for doubtful accounts of $1,452 and $1,952	138,506	119,604
Inventories	114,118	91,130
Prepaid income taxes	4,383	3,020
Asbestos-related insurance receivables	7,099	7,099
Assets held for sale	896	871
Other current assets	9,925	8,910
Total current assets	425,920	458,401
Property, plant and equipment, net of accumulated depreciation	174,855	176,916
Investments in unconsolidated joint ventures	19,340	16,183
Deferred income taxes	16,007	14,634
Goodwill	234,587	208,431
Other intangible assets	164,142	136,676
Asbestos-related insurance receivables	41,295	41,295
Other long-term assets	5,472	3,964
Total assets	1,081,618	1,056,500
Current liabilities
Accounts payable	35,867	28,379
Accrued employee benefits and compensation	34,176	31,104
Accrued income taxes payable	16,147	10,921
Current portion of lease obligation	399	350
Current portion of long term debt		3,653
Asbestos-related liabilities	7,099	7,099
Other accrued liabilities	20,299	19,679
Total current liabilities	113,987	101,185
Borrowings under credit facility	131,188	235,877
Long term lease obligation	5,277	4,993
Pension and post-retirement benefit obligations	8,501	8,501
Retiree health care and life insurance benefits	1,971	1,992
Asbestos-related liabilities	44,883	44,883
Non-current income tax	7,619	6,238
Deferred income taxes	13,680	13,883
Other long-term liabilities	3,408	3,162
Commitments and contingencies (Note 14)
Shareholders’ equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,218 and 18,021 shares outstanding	18,218	18,021
Additional paid-in capital	124,665	118,678
Retained earnings	677,541	591,349
Accumulated other comprehensive income (loss)	(69,320)	(92,262)
Total shareholders’ equity	751,104	635,786
Total liabilities and shareholders’ equity	$ 1,081,618	$ 1,056,500