CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 173,019	$ 181,159
Accounts receivable, less allowance for doubtful accounts of $1,158 and $1,525	150,038	140,562
Contract assets	22,040	0
Inventories	107,935	112,557
Prepaid income taxes	2,561	3,087
Asbestos-related insurance receivables	5,682	5,682
Assets held for sale	896	896
Other current assets	13,614	10,580
Total current assets	475,785	454,523
Property, plant and equipment, net of accumulated depreciation	181,803	179,611
Investments in unconsolidated joint ventures	18,301	18,324
Deferred income taxes	5,025	6,008
Goodwill	239,052	237,107
Other intangible assets, net of amortization	156,998	160,278
Asbestos-related insurance receivables	63,511	63,511
Other long-term assets	5,652	5,772
Total assets	1,146,127	1,125,134
Current liabilities
Accounts payable	41,346	36,116
Accrued employee benefits and compensation	26,178	39,394
Accrued income taxes payable	1,748	6,408
Current portion of lease obligations	604	579
Current portion of asbestos-related liabilities	5,682	5,682
Other accrued liabilities	24,336	25,629
Total current liabilities	99,894	113,808
Borrowings under credit facility	130,982	130,982
Long-term lease obligations	5,853	5,873
Pension liability	8,720	8,720
Retiree health care and life insurance benefits	1,685	1,685
Asbestos-related liabilities	70,207	70,500
Non-current income tax	12,496	12,823
Deferred income taxes	13,086	10,706
Other long-term liabilities	4,181	3,464
Commitments and contingencies (Note 14)
Shareholders’ equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,365 and 18,255 shares outstanding	18,365	18,255
Additional paid-in capital	123,104	128,933
Retained earnings	714,888	684,540
Accumulated other comprehensive loss	(57,334)	(65,155)
Total shareholders' equity	799,023	766,573
Total liabilities and shareholders' equity	$ 1,146,127	$ 1,125,134