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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 193,724 $ 235,850
Accounts receivable, less allowance for credit losses of $1,099 and $1,007 174,620 177,413
Contract assets 46,746 38,853
Inventories 177,089 182,402
Prepaid income taxes 3,908 4,042
Asbestos-related insurance receivables, current portion 3,881 3,881
Other current assets 11,913 17,426
Total current assets 611,881 659,867
Property, plant and equipment, net of accumulated depreciation of $392,217 and $381,584 361,527 358,415
Investments in unconsolidated joint ventures 12,841 14,082
Deferred income taxes 57,991 50,649
Goodwill 355,867 352,365
Other intangible assets, net of amortization 132,233 133,724
Pension assets 5,342 5,251
Asbestos-related insurance receivables, non-current portion 55,926 55,926
Other long-term assets 17,919 15,935
Total assets 1,611,527 1,646,214
Current liabilities    
Accounts payable 52,156 57,342
Accrued employee benefits and compensation 37,207 34,158
Accrued income taxes payable 4,553 5,504
Asbestos-related liabilities, current portion 4,968 4,968
Finance lease obligations, current portion 380 498
Other accrued liabilities 28,214 40,067
Total current liabilities 127,478 142,537
Borrowings under revolving credit facility 190,000 215,000
Pension and other postretirement benefits liabilities 1,540 1,501
Asbestos-related liabilities, non-current portion 59,996 60,065
Finance lease obligations, non-current portion 1,323 1,295
Non-current income tax 9,204 9,985
Deferred income taxes 24,026 23,557
Other long-term liabilities 19,702 19,808
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity    
Capital stock - $1 par value; 50,000 authorized shares; 18,609 and 18,574 shares issued and outstanding 18,609 18,574
Additional paid-in capital 140,214 140,702
Retained earnings 1,094,949 1,098,454
Accumulated other comprehensive loss (75,514) (85,264)
Total shareholders' equity 1,178,258 1,172,466
Total liabilities and shareholders' equity $ 1,611,527 $ 1,646,214
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Other long-term assets Other long-term assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List] Other accrued liabilities Other accrued liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Other accrued liabilities Other accrued liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Other long-term liabilities Other long-term liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Other long-term liabilities Other long-term liabilities