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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 12,395 $ 18,800
Accounts receivable, less allowances for discounts and doubtful accounts of $4,850 and $4,246 for 2016 and 2015, respectively 168,435 123,853
Inventories 317,429 285,793
Deferred income taxes 41,926 40,626
Prepaid expenses and other current assets 7,680 10,668
Total current assets 547,865 479,740
Property, plant and equipment, net of accumulated depreciation of $198,066 and $194,077 for 2016 and 2015, respectively 75,224 68,882
Goodwill 67,207 54,881
Other intangibles, net 68,625 29,386
Deferred income taxes 7,863 10,737
Other assets 36,626 37,438
Total assets 803,410 681,064
CURRENT LIABILITIES:    
Notes payable 99,994 47,427
Current portion of long-term debt 42 16
Accounts payable 99,158 72,711
Sundry payables and accrued expenses 42,305 40,706
Accrued customer returns 44,363 38,812
Accrued rebates 30,495 27,196
Payroll and commissions 21,439 17,048
Total current liabilities 337,796 243,916
Long-term debt 144 62
Other accrued liabilities 13,271 12,922
Accrued asbestos liabilities 31,717 32,185
Total liabilities 382,928 289,085
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 95,901 93,247
Retained earnings 315,224 291,481
Accumulated other comprehensive income (6,231) (6,474)
Treasury stock - at cost (1,220,732 shares and 1,295,316 shares in 2016 and 2015, respectively) (32,284) (34,147)
Total stockholders' equity 420,482 391,979
Total liabilities and stockholders' equity $ 803,410 $ 681,064