XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 220,901 $ 191,785
Accounts receivable, less allowance for credit losses of $1,338 and $1,682 163,804 134,421
Contract assets 32,711 26,575
Inventories 118,216 102,360
Prepaid income taxes 2,527 2,960
Asbestos-related insurance receivables, current portion 2,986 2,986
Other current assets 13,420 13,088
Total current assets 554,565 474,175
Property, plant and equipment, net of accumulated depreciation of $367,244 and $365,844 294,190 272,378
Investments in unconsolidated joint ventures 15,415 15,248
Deferred income taxes 26,529 28,667
Goodwill 264,785 270,172
Other intangible assets, net of amortization 108,033 118,026
Pension assets 5,902 5,278
Asbestos-related insurance receivables, non-current portion 63,807 63,807
Other long-term assets 12,814 16,254
Total assets 1,346,040 1,264,005
Current liabilities    
Accounts payable 54,818 35,987
Accrued employee benefits and compensation 46,925 41,708
Accrued income taxes payable 7,071 8,558
Asbestos-related liabilities, current portion 3,615 3,615
Other accrued liabilities 25,813 21,641
Total current liabilities 138,242 111,509
Borrowings under revolving credit facility 0 25,000
Pension and other postretirement benefits liabilities 1,682 1,612
Asbestos-related liabilities, non-current portion 69,393 69,620
Non-current income tax 18,024 16,346
Deferred income taxes 7,710 8,375
Other long-term liabilities 11,728 10,788
Commitments and contingencies
Shareholders’ equity    
Capital stock - $1 par value; 50,000 authorized shares; 18,729 and 18,677 shares issued and outstanding 18,729 18,677
Additional paid-in capital 159,867 147,961
Retained earnings 958,694 873,692
Accumulated other comprehensive loss (38,029) (19,575)
Total shareholders' equity 1,099,261 1,020,755
Total liabilities and shareholders' equity $ 1,346,040 $ 1,264,005