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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 126,455 $ 235,850
Accounts receivable, less allowance for credit losses of $1,147 and $1,007 185,750 177,413
Contract assets 46,476 38,853
Inventories 157,073 182,402
Prepaid income taxes 3,337 4,042
Asbestos-related insurance receivables, current portion 3,881 3,881
Other current assets 31,825 17,426
Total current assets 554,797 659,867
Property, plant and equipment, net of accumulated depreciation of $391,898 and $381,584 341,696 358,415
Investments in unconsolidated joint ventures 10,346 14,082
Deferred income taxes 58,922 50,649
Goodwill 352,214 352,365
Other intangible assets, net of amortization 124,496 133,724
Pension assets 5,523 5,251
Asbestos-related insurance receivables, non-current portion 55,926 55,926
Other long-term assets 16,946 15,935
Total assets 1,520,866 1,646,214
Current liabilities    
Accounts payable 46,852 57,342
Accrued employee benefits and compensation 33,778 34,158
Accrued income taxes payable 7,018 5,504
Asbestos-related liabilities, current portion 4,968 4,968
Finance lease obligations, current portion 345 498
Other accrued liabilities 23,176 40,067
Total current liabilities 116,137 142,537
Borrowings under revolving credit facility 80,000 215,000
Pension and other postretirement benefits liabilities 1,618 1,501
Asbestos-related liabilities, non-current portion 59,739 60,065
Finance lease obligations, non-current portion 1,147 1,295
Non-current income tax 9,560 9,985
Deferred income taxes 23,720 23,557
Other long-term liabilities 18,333 19,808
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity    
Capital stock - $1 par value; 50,000 authorized shares; 18,616 and 18,574 shares issued and outstanding 18,616 18,574
Additional paid-in capital 148,992 140,702
Retained earnings 1,131,848 1,098,454
Accumulated other comprehensive loss (88,844) (85,264)
Total shareholders' equity 1,210,612 1,172,466
Total liabilities and shareholders' equity $ 1,520,866 $ 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