CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 298,742	$ 166,849
Accounts receivable, less allowance for doubtful accounts of $1,667 and $1,691	128,697	122,285
Contract assets	19,280	22,455
Inventories	124,747	132,859
Prepaid income taxes	3,801	4,524
Asbestos-related insurance receivables, current portion	4,292	4,292
Other current assets	11,131	10,838
Total current assets	590,690	464,102
Property, plant and equipment, net of accumulated depreciation of $361,541 and $341,119	263,051	260,246
Investments in unconsolidated joint ventures	16,907	16,461
Deferred income taxes	25,474	17,117
Goodwill	262,469	262,930
Other intangible assets, net of amortization	147,722	158,947
Pension assets	4,173	12,790
Asbestos-related insurance receivables, non-current portion	74,024	74,024
Other long-term assets	16,031	6,564
Total assets	1,400,541	1,273,181
Current liabilities
Accounts payable	35,616	33,019
Accrued employee benefits and compensation	25,230	29,678
Accrued income taxes payable	11,358	10,649
Asbestos-related liabilities, current portion	5,007	5,007
Other accrued liabilities	19,654	21,872
Total current liabilities	96,865	100,225
Borrowings under revolving credit facility	223,000	123,000
Pension and other postretirement benefits liabilities	1,625	1,567
Asbestos-related liabilities, non-current portion	80,696	80,873
Non-current income tax	14,554	10,423
Deferred income taxes	8,493	9,220
Other long-term liabilities	12,726	13,973
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity
Capital stock - $1 par value; 50,000 authorized shares; 18,668 and 18,577 shares issued and outstanding	18,668	18,577
Additional paid-in capital	141,092	138,526
Retained earnings	851,481	823,702
Accumulated other comprehensive loss	(48,659)	(46,905)
Total shareholders' equity	962,582	933,900
Total liabilities and shareholders' equity	$ 1,400,541	$ 1,273,181