CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 174,700	$ 181,159
Accounts receivable, less allowance for doubtful accounts of $1,284 and $1,525	148,727	140,562
Contract assets	21,933	0
Inventories	117,739	112,557
Prepaid income taxes	2,732	3,087
Current portion of asbestos-related insurance receivables	5,682	5,682
Assets held for sale	381	896
Other current assets	13,535	10,580
Total current assets	485,429	454,523
Property, plant and equipment, net of accumulated depreciation of $300,416 and $289,909	184,478	179,611
Investments in unconsolidated joint ventures	19,411	18,324
Deferred income taxes	3,501	6,008
Goodwill	234,287	237,107
Other intangible assets, net of amortization	152,009	160,278
Asbestos-related insurance receivables	63,511	63,511
Other long-term assets	5,503	5,772
Total assets	1,148,129	1,125,134
Current liabilities
Accounts payable	37,299	36,116
Accrued employee benefits and compensation	26,081	39,394
Accrued income taxes payable	3,987	6,408
Current portion of capital lease obligations	600	579
Current portion of asbestos-related liabilities	5,682	5,682
Other accrued liabilities	25,095	25,629
Total current liabilities	98,744	113,808
Borrowings under credit facility	130,982	130,982
Non-current portion of capital lease obligations	5,404	5,873
Pension liability	8,720	8,720
Retiree health care and life insurance benefits	1,685	1,685
Asbestos-related liabilities	70,056	70,500
Non-current income tax	9,755	12,823
Deferred income taxes	13,879	10,706
Other long-term liabilities	4,119	3,464
Commitments and contingencies (Note 14)
Shareholders’ equity
Capital Stock - $1 par value; 50,000 authorized shares; 18,380 and 18,255 shares issued and outstanding	18,380	18,255
Additional paid-in capital	126,452	128,933
Retained earnings	732,217	684,540
Accumulated other comprehensive loss	(72,264)	(65,155)
Total shareholders' equity	804,785	766,573
Total liabilities and shareholders' equity	$ 1,148,129	$ 1,125,134