CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 181,159	$ 227,767
Accounts receivable, less allowance for doubtful accounts of $1,525 and $1,952	140,562	119,604
Inventories	112,557	91,130
Prepaid income taxes	3,087	3,020
Asbestos-related insurance receivables	5,682	7,099
Assets held for sale	896	871
Other current assets	10,580	8,910
Total current assets	454,523	458,401
Property, plant and equipment, net of accumulated depreciation	179,611	176,916
Investments in unconsolidated joint ventures	18,324	16,183
Deferred income taxes	6,008	14,634
Goodwill	237,107	208,431
Other intangible assets, net of amortization	160,278	136,676
Asbestos-related insurance receivables	63,511	41,295
Other long-term assets	5,772	3,964
Total assets	1,125,134	1,056,500
Current liabilities
Accounts payable	36,116	28,379
Accrued employee benefits and compensation	39,394	28,953
Accrued income taxes payable	6,408	10,921
Current portion of long-term debt	0	3,653
Current portion of lease obligations	579	350
Current portion of asbestos-related liabilities	5,682	7,099
Other accrued liabilities	25,629	21,830
Total current liabilities	113,808	101,185
Borrowings under credit facility	130,982	235,877
Long-term lease obligations	5,873	4,993
Pension liability	8,720	8,501
Retiree health care and life insurance benefits	1,685	1,992
Asbestos-related liabilities	70,500	44,883
Non-current income tax	12,823	6,238
Deferred income taxes	10,706	13,883
Other long-term liabilities	3,464	3,162
Commitments and Contingencies (Note 15)
Shareholders’ Equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,255 and 18,021 shares outstanding	18,255	18,021
Additional paid-in capital	128,933	118,678
Retained earnings	684,540	591,349
Accumulated other comprehensive loss	(65,155)	(92,262)
Total shareholders' equity	766,573	635,786
Total liabilities and shareholders' equity	$ 1,125,134	$ 1,056,500