CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 12,704	$ 13,728
Accounts receivable, less allowances for discounts and doubtful accounts of $6,135 and $6,369 for 2015 and 2014, respectively	160,618	126,524
Inventories	277,261	278,051
Deferred income taxes	36,667	36,534
Prepaid expenses and other current assets	12,686	11,196
Total current assets	499,936	466,033
Property, plant and equipment, net	68,263	64,611
Goodwill	54,999	54,975
Other intangibles, net	31,836	34,402
Deferred incomes taxes	14,165	14,941
Other assets	40,060	38,589
Total assets	709,259	673,551
CURRENT LIABILITIES:
Notes payable	52,916	56,558
Current portion of long-term debt	69	175
Accounts payable	88,939	70,674
Sundry payables and accrued expenses	47,342	49,412
Accrued customer returns	39,285	30,621
Accrued rebates	29,933	26,076
Payroll and commissions	16,206	17,313
Total current liabilities	274,690	250,829
Long-term debt	69	83
Other accrued liabilities	14,609	15,024
Accrued asbestos liabilities	33,294	33,462
Total liabilities	$ 322,662	$ 299,398
Commitments and contingencies
Stockholders' equity:
Common stock - par value $2.00 per share: Authorized - 30,000,000 shares; issued 23,936,036 shares	$ 47,872	$ 47,872
Capital in excess of par value	94,202	91,411
Retained earnings	274,610	259,160
Accumulated other comprehensive income	(3,986)	(2,652)
Treasury stock - at cost (1,115,902 shares and 1,043,064 shares in 2015 and 2014, respectively)	(26,101)	(21,638)
Total stockholders' equity	386,597	374,153
Total liabilities and stockholders' equity	$ 709,259	$ 673,551