CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 166,849	$ 167,738
Accounts receivable, less allowance for doubtful accounts of $1,691 and $1,354	122,285	144,623
Contract assets	22,455	22,728
Inventories	132,859	132,637
Prepaid income taxes	4,524	3,093
Asbestos-related insurance receivables, current portion	4,292	4,138
Other current assets	10,838	10,829
Total current assets	464,102	485,786
Property, plant and equipment, net of accumulated depreciation of $341,119 and $317,414	260,246
Property, plant and equipment, net of accumulated depreciation of $341,119 and $317,414		242,759
Investments in unconsolidated joint ventures	16,461	18,667
Deferred income taxes	17,117	8,236
Goodwill	262,930	264,885
Other intangible assets, net of amortization	158,947	177,008
Pension assets	12,790	19,273
Asbestos-related insurance receivables, non-current portion	74,024	59,685
Other long-term assets	6,564	3,045
Total assets	1,273,181	1,279,344
Current liabilities
Accounts payable	33,019	40,321
Accrued employee benefits and compensation	29,678	30,491
Accrued income taxes payable	10,649	7,032
Asbestos-related liabilities, current portion	5,007	5,547
Other accrued liabilities	21,872	23,789
Total current liabilities	100,225	107,180
Borrowings under revolving credit facility	123,000	228,482
Pension and other postretirement benefits liabilities	1,567	1,739
Asbestos-related liabilities, non-current portion	80,873	64,799
Non-current income tax	10,423	8,418
Deferred income taxes	9,220	10,806
Other long-term liabilities	13,973	9,596
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity
Capital stock - $1 par value; 50,000 authorized shares; 18,577 and 18,395 shares issued and outstanding, respectively	18,577	18,395
Additional paid-in capital	138,526	132,360
Retained earnings	823,702	776,403
Accumulated other comprehensive loss	(46,905)	(78,834)
Total shareholders' equity	933,900	848,324
Total liabilities and shareholders' equity	$ 1,273,181	$ 1,279,344