CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 173,068	$ 167,738
Accounts receivable, less allowance for doubtful accounts of $1,215 and $1,354	156,924	144,623
Contract assets	25,573	22,728
Inventories	135,067	132,637
Prepaid income taxes	4,275	3,093
Asbestos-related insurance receivables, current portion	4,138	4,138
Other current assets	10,814	10,829
Total current assets	509,859	485,786
Property, plant and equipment, net of accumulated depreciation of $331,553 and $317,414	248,309	242,759
Investments in unconsolidated joint ventures	17,534	18,667
Deferred income taxes	11,080	8,236
Goodwill	263,804	264,885
Other intangible assets, net of amortization	167,985	177,008
Pension assets	19,918	19,273
Asbestos-related insurance receivables, non-current portion	60,247	59,685
Other long-term assets	8,617	3,045
Total assets	1,307,353	1,279,344
Current liabilities
Accounts payable	42,214	40,321
Accrued employee benefits and compensation	31,798	30,491
Accrued income taxes payable	9,048	7,032
Asbestos-related liabilities, current portion	5,547	5,547
Other accrued liabilities	24,085	23,789
Total current liabilities	112,692	107,180
Borrowings under revolving credit facility	195,482	228,482
Pension and other postretirement benefits liabilities	1,739	1,739
Asbestos-related liabilities, non-current portion	65,226	64,799
Non-current income tax	8,554	8,418
Deferred income taxes	10,768	10,806
Other long-term liabilities	15,378	9,596
Commitments and contingencies (Note 13)
Shareholders’ equity
Capital stock - $1 par value; 50,000 authorized shares; 18,559 and 18,395 shares issued and outstanding	18,559	18,395
Additional paid-in capital	131,836	132,360
Retained earnings	829,075	776,403
Accumulated other comprehensive loss	(81,956)	(78,834)
Total shareholders' equity	897,514	848,324
Total liabilities and shareholders' equity	$ 1,307,353	$ 1,279,344