CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 18,800	$ 13,728
Accounts receivable, less allowances for discounts and doubtful accounts of $4,246 and $6,369 in 2015 and 2014, respectively	123,853	126,524
Inventories	285,793	278,051
Deferred income taxes	40,626	36,534
Prepaid expenses and other current assets	10,668	11,196
Total current assets	479,740	466,033
Property, plant and equipment, net	68,882	64,611
Goodwill	54,881	54,975
Other intangibles, net	29,386	34,402
Deferred incomes taxes	10,737	14,941
Other assets	37,438	38,589
Total assets	681,064	673,551
CURRENT LIABILITIES:
Notes payable	47,427	56,558
Current portion of long-term debt	16	175
Accounts payable	72,711	70,674
Sundry payables and accrued expenses	40,706	49,412
Accrued customer returns	38,812	30,621
Accrued rebates	27,196	26,076
Payroll and commissions	17,048	17,313
Total current liabilities	243,916	250,829
Long-term debt	62	83
Other accrued liabilities	12,922	15,024
Accrued asbestos liabilities	32,185	33,462
Total liabilities	$ 289,085	$ 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	93,247	91,411
Retained earnings	291,481	259,160
Accumulated other comprehensive income	(6,474)	(2,652)
Treasury stock - at cost (1,295,316 shares and 1,043,064 shares in 2015 and 2014, respectively)	(34,147)	(21,638)
Total stockholders' equity	391,979	374,153
Total liabilities and stockholders' equity	$ 681,064	$ 673,551