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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 13,359 $ 13,728
Accounts receivable, less allowances for discounts and doubtful accounts of $6,291 and $6,369 for 2015 and 2014, respectively 150,179 126,524
Inventories 270,131 278,051
Deferred income taxes 36,341 36,534
Prepaid expenses and other current assets 9,266 11,196
Total current assets 479,276 466,033
Property, plant and equipment, net 69,102 64,611
Goodwill 54,926 54,975
Other intangibles, net 30,616 34,402
Deferred income taxes 13,541 14,941
Other assets 38,086 38,589
Total assets 685,547 673,551
CURRENT LIABILITIES:    
Notes payable 24,502 56,558
Current portion of long-term debt 16 175
Accounts payable 78,413 70,674
Sundry payables and accrued expenses 50,938 49,412
Accrued customer returns 44,186 30,621
Accrued rebates 29,625 26,076
Payroll and commissions 19,056 17,313
Total current liabilities 246,736 250,829
Long-term debt 65 83
Other accrued liabilities 13,606 15,024
Accrued asbestos liabilities 32,782 33,462
Total liabilities $ 293,189 $ 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 95,153 91,411
Retained earnings 289,653 259,160
Accumulated other comprehensive income (5,855) (2,652)
Treasury stock - at cost (1,354,855 shares and 1,043,064 shares in 2015 and 2014, respectively) (34,465) (21,638)
Total stockholders' equity 392,358 374,153
Total liabilities and stockholders' equity $ 685,547 $ 673,551