Standard Motor Products (SMP) 10-Q 2 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	STANDARD MOTOR PRODUCTS INC
Entity Central Index Key	93,389
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		22,781,237
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]
Net sales	[1]	$ 312,729	$ 288,977	$ 595,107	$ 527,888
Cost of sales		222,063	201,901	420,331	367,816
Gross profit		90,666	87,076	174,776	160,072
Selling, general and administrative expenses		60,076	54,758	117,436	107,756
Restructuring and integration expenses		1,235	771	2,782	1,012
Other income, net		314	297	630	559
Operating income		29,669	31,844	55,188	51,863
Other non-operating income, net		740	265	1,563	598
Interest expense		722	394	1,190	705
Earnings from continuing operations before taxes		29,687	31,715	55,561	51,756
Provision for income taxes		11,426	11,853	20,933	19,238
Earnings from continuing operations		18,261	19,862	34,628	32,518
Loss from discontinued operations, net of income taxes		(497)	(618)	(1,130)	(1,070)
Net earnings		$ 17,764	$ 19,244	$ 33,498	$ 31,448
Net earnings per common share - Basic:
Earnings from continuing operations (in dollars per share)		$ 0.80	$ 0.87	$ 1.52	$ 1.43
Discontinued operations (in dollars per share)		(0.02)	(0.02)	(0.05)	(0.04)
Net earnings per common share - Basic (in dollars per share)		0.78	0.85	1.47	1.39
Net earnings per common share - Diluted:
Earnings from continuing operations (in dollars per share)		0.78	0.86	1.48	1.41
Discontinued operations (in dollars per share)		(0.02)	(0.02)	(0.04)	(0.04)
Net earnings per common share - Diluted (in dollars per share)		0.76	0.84	1.44	1.37
Dividend declared per share (in dollars per share)		$ 0.19	$ 0.17	$ 0.38	$ 0.34
Average number of common shares (in shares)		22,820,079	22,705,310	22,833,263	22,673,811
Average number of common shares and dilutive common shares (in shares)		23,329,082	23,018,730	23,332,480	22,988,502
[1]	Segment net sales includes intersegment sales in our Engine Management and Temperature Control segments.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net earnings	$ 17,764	$ 19,244	$ 33,498	$ 31,448
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	2,733	(1,938)	5,456	(153)
Amortization of:
Prior service benefit	0	(14)	0	(27)
Unrecognized loss	(271)	115	(330)	390
Unrecognized actuarial gains	472	301	472	301
Foreign currency exchange rate changes	0	0	0	4
Income tax expense related to pension and postretirement plans	(81)	(164)	(57)	(272)
Pension and postretirement plans, net of tax	120	238	85	396
Total other comprehensive income (loss), net of tax	2,853	(1,700)	5,541	243
Comprehensive income	$ 20,617	$ 17,544	$ 39,039	$ 31,691

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 16,389	$ 19,796
Accounts receivable, less allowances for discounts and doubtful accounts of $5,883 and $4,425 for 2017 and 2016, respectively	187,759	134,630
Inventories	340,886	312,477
Prepaid expenses and other current assets	9,436	7,318
Total current assets	554,470	474,221
Property, plant and equipment, net of accumulated depreciation of $191,874 and $191,551 for 2017 and 2016, respectively	81,973	78,499
Goodwill	67,401	67,231
Other intangibles, net	60,008	64,056
Deferred income taxes	50,407	51,127
Other assets	36,174	33,563
Total assets	850,433	768,697
CURRENT LIABILITIES:
Notes payable	78,946	54,812
Current portion of long-term debt	46	43
Accounts payable	104,074	83,878
Sundry payables and accrued expenses	43,991	45,147
Accrued customer returns	45,779	40,176
Accrued rebates	36,797	29,127
Payroll and commissions	25,519	30,658
Total current liabilities	335,152	283,841
Long-term debt	101	120
Other accrued liabilities	13,573	12,380
Accrued asbestos liabilities	29,383	31,328
Total liabilities	378,209	327,669
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	101,183	96,850
Retained earnings	361,288	336,464
Accumulated other comprehensive income	(5,487)	(11,028)
Treasury stock - at cost (1,142,469 shares and 1,101,487 shares in 2017 and 2016, respectively)	(32,632)	(29,130)
Total stockholders' equity	472,224	441,028
Total liabilities and stockholders' equity	$ 850,433	$ 768,697

CONSOLIDATED BALANCE SHEETS (U5

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Accounts receivable, allowances for discounts and doubtful accounts	$ 5,883	$ 4,425
Property, plant and equipment, accumulated depreciation	$ 191,874	$ 191,551
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	23,936,036	23,936,036
Treasury stock - at cost (in shares)	1,142,469	1,101,487

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 33,498	$ 31,448
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	11,316	9,269
Amortization of deferred financing cost	172	167
Increase to allowance for doubtful accounts	1,230	412
Increase to inventory reserves	767	2,351
Amortization of deferred gain on sale of building	(524)	(524)
Equity income from joint ventures	(1,111)	(385)
Employee Stock Ownership Plan allocation	1,080	1,011
Stock-based compensation	4,005	2,736
Excess tax benefits related to exercise of employee stock grants	0	(137)
Decrease in deferred income taxes	749	1,383
Loss on discontinued operations, net of tax	1,130	1,070
Change in assets and liabilities:
Increase in accounts receivable	(53,069)	(41,726)
Increase in inventories	(27,048)	(20,819)
Decrease (increase) in prepaid expenses and other current assets	(943)	4,073
Increase in accounts payable	17,475	18,989
Increase in sundry payables and accrued expenses	5,663	13,381
Net changes in other assets and liabilities	(1,225)	1,029
Net cash provided by (used in) operating activities	(6,835)	23,728
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of and investments in businesses	0	(67,289)
Capital expenditures	(8,843)	(10,134)
Other investing activities	2	5
Net cash used in investing activities	(8,841)	(77,418)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings under line-of-credit agreements	24,134	52,567
Net borrowings (payments) of long-term debt and capital lease obligations	(21)	109
Purchase of treasury stock	(5,176)	(377)
Increase in overdraft balances	1,488	2,472
Excess tax benefits related to the exercise of employee stock grants	0	137
Dividends paid	(8,674)	(7,705)
Net cash provided by financing activities	11,751	47,203
Effect of exchange rate changes on cash	518	82
Net decrease in cash and cash equivalents	(3,407)	(6,405)
CASH AND CASH EQUIVALENTS at beginning of period	19,796	18,800
CASH AND CASH EQUIVALENTS at end of period	16,389	12,395
Cash paid during the period for:
Interest	956	516
Income taxes	$ 19,499	$ 13,376

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2016	$ 47,872	$ 96,850	$ 336,464	$ (11,028)	$ (29,130)	$ 441,028
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	0	0	33,498	0	0	33,498
Other comprehensive income, net of tax	0	0	0	5,541	0	5,541
Cash dividends paid	0	0	(8,674)	0	0	(8,674)
Purchase of treasury stock	0	0	0	0	(5,333)	(5,333)
Stock-based compensation	0	3,319	0	0	686	4,005
Employee Stock Ownership Plan	0	1,014	0	0	1,145	2,159
Balance at Jun. 30, 2017	47,872	101,183	361,288	(5,487)	(32,632)	472,224
Balance at Mar. 31, 2017				(8,340)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings						17,764
Other comprehensive income, net of tax						2,853
Balance at Jun. 30, 2017	$ 47,872	$ 101,183	$ 361,288	$ (5,487)	$ (32,632)	$ 472,224

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation Standard Motor Products, Inc. and subsidiaries (referred to as the “Company,” “we,” “us,” or “our”) is engaged in the manufacture and distribution of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The accompanying unaudited financial information should be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016. The unaudited consolidated financial statements include our accounts and all domestic and international companies in which we have more than a 50% equity ownership. Our investments in unconsolidated affiliates are accounted for on the equity method, as we do not have a controlling financial interest but have the ability to exercise significant influence. All significant inter-company items have been eliminated. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire year. Reclassification Certain prior period amounts in the accompanying consolidated financial statements and related notes have been reclassified to conform to the 2017 presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies The preparation of consolidated annual and quarterly financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities at the date of our consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. We have made a number of estimates and assumptions in the preparation of these consolidated financial statements. We can give no assurance that actual results will not differ from those estimates. Some of the more significant estimates include allowances for doubtful accounts, realizability of inventory, goodwill and other intangible assets, depreciation and amortization of long-lived assets, product liability, other postretirement benefits, asbestos, environmental and litigation matters, the valuation of deferred tax assets and sales return allowances. There have been no material changes to our critical accounting policies and estimates from the information provided in Recently Issued Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements that could have a material effect on our financial statements: Standard Description Date of adoption Effects on the financial statements or other significant matters Standards that are not yet adopted as of June 30, 2017 Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers This standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. January 1, 2018, with early adoption permitted but not before January 1, 2017 The new standard provides entities the option of using either a full retrospective or a modified approach to adopt the guidance. To date we performed an assessment of the potential impacts of the pronouncement including certain contract reviews. Based on our initial assessment we do not anticipate that the adoption of this standard will have a material effect on our consolidated financial statements. We will be continuously assessing the new standard and reviewing contracts through January 1, 2018, the date of implementation. We are currently evaluating the method of adoption. ASU 2015-14, Revenue from Contracts with Customers – Deferral of the Effective Date This standard defers by one year the mandatory effective date of its revenue recognition standard, and provides entities the option to adopt the standard as of the original effective date. ASU 2016-02, Leases This standard outlines the need to recognize a right-of-use asset and a lease liability for virtually all leases (other than leases that meet the definition of a short-term lease). For income statement purposes, the FASB retained the dual model, requiring leases to be classified as either operating or financing. Operating leases will result in straight-line expense while finance leases will result in a front-loaded expense pattern. January 1, 2019, with early adoption permitted The new standard must be adopted utilizing a modified retrospective transition, and provides for certain expedients. The new standard will require that we recognize all of our leases, including our current operating leases, on the balance sheet. We are currently in the process of taking an inventory of our leases and are evaluating the impact the new standard will have on our consolidated financial statements, and when we will adopt the new standard. Standard Description Date of adoption Effects on the financial statements or other significant matters Standards that are not yet adopted as of June 30, 2017 ASU 2016-15, Statement of Cash Flows This standard is intended to reduce diversity in practice and to provide guidance as to how certain cash receipts and cash payments are presented and classified in the statement of cash flows. January 1, 2018, with early adoption permitted The new standard requires application using a retrospective transition method. We do not anticipate that the adoption of this standard will have a material effect on our consolidated financial statements. ASU Simplifying the Test for Goodwill Impairment This standard is intended to simplify the accounting for goodwill impairment. ASU 2017-04 removes Step 2 of the test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. January 1, 2020, with early adoption permitted The new standard should be applied prospectively. We will consider the new standard when performing our annual impairment test and evaluate when we will adopt the new standard. ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost This standard requires employers that present operating income in their consolidated statement of operations to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit, and settlement and curtailment effects, are to be included in other non-operating income (expense). The new standard requires retrospective reclassification of the effects of the new standard on the statement of operations. January 1, 2018, with early adopted permitted The new standard will require that we retrospectively reclassify all components of net periodic pension cost and net periodic postretirement benefit cost, other than the service cost component, in our statement of operations from selling, general and administrated expenses, as presently reported, to other non-operating income (expense). Standard Description Date of adoption Effects on the financial statements or other significant matters Standards that were adopted ASU Balance Sheet Classification of Deferred Taxes This standard requires entities with a classified balance sheet to present all deferred tax assets and liabilities as noncurrent. The new guidance requires entities to offset all deferred tax assets and liabilities (and valuation allowances) for each tax-paying jurisdiction within each tax-paying component. The net deferred tax must be presented as a single noncurrent amount. January 1, 2017 The adoption of the new standard resulted in the reclassification of deferred tax assets previously reported as current deferred tax assets to noncurrent deferred tax assets in our consolidated balance sheets. We adopted the new standard retrospectively, and as such, all prior period current deferred tax assets in our consolidated balance sheets have also been reclassified to noncurrent deferred tax assets for comparative purposes. ASU 2015-11, Simplifying the Measurement of Inventory This standard changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value for entities that measure inventory using first-in, first-out or average cost. In addition, this standard eliminates the requirement for these entities to consider replacement cost or net realizable value less an approximate normal profit margin when measuring inventory. January 1, 2017 The prospective adoption of the new standard did not have a material effect on our consolidated financial statements. ASU 2016-09, Improvements to Employee Share-Based Payment Accounting This standard requires (1) that the tax effects related to share-based payments at settlement (or expiration) be recorded through the tax provision (benefit) in the income statement rather than in equity as permitted under prior guidance under certain circumstances; (2) that all tax-related cash flows resulting from share-based payments be reported as operating activities on the statement of cash flows, a change from the current requirement to present windfall tax benefits as an inflow from financing activities and an outflow from operating activities; and (3) that when computing diluted earnings per share, the effect of “windfall” tax benefits be excluded from the hypothetical proceeds used to calculate the repurchase of shares under the treasury stock method. January 1, 2017 We adopted the new standard prospectively. The adoption of the new standard did not have a material effect on our consolidated financial statements for the three months and six months ended June 30, 2017, and based upon the current price of our common stock, we do not expect that the adoption of the new standard will have a material effect on our consolidated financial statements for the year ended December 31, 2017.

Business Acquisitions and Inves

Business Acquisitions and Investments	6 Months Ended
	Jun. 30, 2017
Business Acquisitions and Investments [Abstract]
Business Acquisitions and Investments	Note 3. Business Acquisitions and Investments 2016 Business Acquisitions In May 2016, we acquired the North American automotive ignition wire business of General Cable Corporation for approximately $67.5 million. The acquisition was paid for in cash funded by our revolving credit facility with JPMorgan Chase, as agent. The acquisition includes the purchase of certain assets and the assumption of certain liabilities of General Cable Corporation’s (and certain of its affiliates) automotive ignition wire business in North America as well as 100% of the equity interests of a General Cable subsidiary in Nogales, Mexico. The following table presents the allocation of the purchase price to the assets acquired and liabilities assumed, based on their fair values (in thousands): Purchase Price $ 67,451 Assets acquired and liabilities assumed: Receivables $ 3,130 Inventory 12,567 Other current and noncurrent assets (1) 334 Property, plant and equipment, net 2,660 Intangible assets 42,440 Goodwill 12,746 Current liabilities (6,426 ) Net assets acquired $ 67,451 (1) Other current and noncurrent assets includes $0.2 million of cash acquired. Intangible assets acquired of $42.4 million consists of customer relationships of $39.4 million that will be amortized on a straight-line basis over the estimated useful life of 15 years; a non-compete agreement of $2.2 million that will be amortized on a straight-line basis over the estimated useful life of 5 years; and a supply agreement of $0.8 million that will be amortized on a straight-line basis over the estimated useful life of 1 year. Goodwill of $12.7 million was allocated to the Engine Management Segment and is deductible for income tax purposes. The goodwill reflects relationships, business specific knowledge and the replacement cost of an assembled workforce associated with personal reputations, as well as the value of anticipated synergies. Incremental net sales from the acquisition included in our consolidated statements of operations were $15 million and $38.4 million for the three months and six months ended June 30, 2017, respectively.

Restructuring and Integration E

Restructuring and Integration Expenses	6 Months Ended
	Jun. 30, 2017
Restructuring and Integration Expenses [Abstract]
Restructuring and Integration Expenses	Note 4. Restructuring and Integration Expenses The aggregated liabilities included in “sundry payables and accrued expenses” and “other accrued liabilities” in the consolidated balance sheet relating to the restructuring and integration activities as of December 31, 2016 and June 30, 2017 and activity for the six months ended June 30, 2017 consisted of the following (in thousands): Workforce Reduction Other Exit Costs Total Exit activity liability at December 31, 2016 $ 2,576 $ — $ 2,576 Restructuring and integration costs: Amounts provided for during 2017 1,788 994 2,782 Cash payments (1,300 ) (994 ) (2,294 ) Foreign Currency Exchange Rate Changes 84 — 84 Exit activity liability at June 30 $ 3,148 $ — $ 3,148 Restructuring Costs Plant Rationalization Program In February 2016, in connection with our ongoing efforts to improve operating efficiencies and reduce costs, we finalized our intention to implement a plant rationalization initiative. As part of the plant rationalization, certain production activities will be relocated from our Grapevine, Texas manufacturing facility to facilities in Greenville, South Carolina and Reynosa, Mexico, certain service functions will be relocated from Grapevine, Texas to our administrative offices in Lewisville, Texas, and our Grapevine, Texas facility will be closed. In addition, certain production activities will be relocated from our Greenville, South Carolina manufacturing facility to our manufacturing facility in Bialystok, Poland. Restructuring and integration expenses expected to be incurred related to the program of approximately $5.7 million, consisting of employee severance and relocation of certain machinery and equipment, will be recognized throughout the program. Through June 30, 2017, total restructuring and integration expenses related to the program of $4.8 million were recognized. We anticipate that the plant rationalization will be completed by the end of 2017. Activity, by segment, for the six months ended June 30, 2017 related to our plant rationalization program consisted of the following (in thousands): Engine Management Temperature Control Other Total Exit activity liability at December 31 $ 11 $ 2,043 $ — $ 2,054 Restructuring and integration costs: Amounts provided for during 2017 602 1,038 — 1,640 Cash payments (613 ) (1,132 ) — (1,745 ) Exit activity liability at June 30 $ — $ 1,949 $ — $ 1,949 Orlando Plant Rationalization Program In January 2017, to further our ongoing efforts to improve operating efficiencies and reduce costs, we finalized our intention to implement another plant rationalization initiative at our Orlando, Florida facility. As part of the plant rationalization, we will relocate production activities from our Orlando, Florida manufacturing facility to Independence, Kansas, and close our Orlando, Florida facility. Restructuring and integration expenses expected to be incurred related to the program of approximately $3.1 million, consisting of employee severance and relocation of certain machinery and equipment, will be recognized throughout the program. Through June 30, 2017, total restructuring and integration expenses related to the program of $0.6 million were recognized. We anticipate that the Orlando plant rationalization will be completed by the end of the second quarter of 2018. Activity, by segment, for the six months ended June 30, 2017 related to our Orlando plant rationalization program consisted of the following (in thousands): Engine Management Temperature Control Other Total Exit activity liability at December 31 $ — $ — $ — $ — Restructuring and integration costs: Amounts provided for during 2017 617 — — 617 Cash payments (87 ) — — (87 ) Exit activity liability at June 30, 2017 $ 530 $ — $ — $ 530 Integration Costs Wire and Cable Relocation In connection with our acquisition of the North American automotive ignition wire business of General Cable Corporation in May 2016, we expect to incur certain integration expenses, including costs to be incurred in connection with the consolidation of the General Cable Corporation Altoona, Pennsylvania distribution center into our existing wire distribution center in Edwardsville, Kansas and the relocation of certain machinery and equipment. In October 2016, we further announced our plan to relocate all production from the acquired Nogales, Mexico wire set assembly operation to our existing wire assembly facility in Reynosa, Mexico and to close the Nogales, Mexico plant. Integration expenses expected to be incurred related to the closure of the Nogales, Mexico plant include employee severance and the relocation of certain machinery and equipment. Total integration expenses of $2.6 million are expected to be incurred related to the program. Through June 30, 2017, integration expenses related to the program of $1.2 million were recognized. We anticipate that the wire and cable relocation program will be completed by the end of the first quarter of 2018. Activity, by segment, for the six months ended June 30, 2017 related to our wire and cable relocation program consisted of the following (in thousands): Engine Management Temperature Control Other Total Exit activity liability at December 31 $ 522 $ — $ — $ 522 Restructuring and integration costs: Amounts provided for during 2017 525 — — 525 Cash payments (462 ) — — (462 ) Foreign Currency Exchange Rate Changes 84 — — 84 Exit activity liability at June 30, 2017 $ 669 $ — $ — $ 669

Sale of Receivables

Sale of Receivables	6 Months Ended
	Jun. 30, 2017
Sale of Receivables [Abstract]
Sale of Receivables	Note 5. Sale of Receivables From time to time, we sell undivided interests in certain of our receivables to financial institutions. We enter these agreements at our discretion when we determine that the cost of factoring is less than the cost of servicing our receivables with existing debt. Under the terms of the agreements, we retain no rights or interest, have no obligations with respect to the sold receivables, and do not service the receivables after the sale. As such, these transactions are being accounted for as a sale. Pursuant to these agreements, we sold $224.3 million and $404.1 million of receivables during the three months and six months ended June ,

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Inventories	Note 6. Inventories Inventories, which are stated at the lower of cost (determined by means of the first-in, first-out method) or market, consist of the following: June 30, 2017 December 31, 2016 (In thousands) Finished goods $ 222,414 $ 203,700 Work-in-process 8,597 6,823 Raw materials 109,875 101,954 Total inventories $ 340,886 $ 312,477

Acquired Intangible Assets

Acquired Intangible Assets	6 Months Ended
	Jun. 30, 2017
Acquired Intangible Assets [Abstract]
Acquired Intangible Assets	Note 7. Acquired Intangible Assets Acquired identifiable intangible assets consist of the following: June 30, 2017 December 31, 2016 (In thousands) Customer relationships $ 87,333 $ 87,070 Trademarks and trade names 6,800 6,800 Non-compete agreements 3,201 3,189 Patents 723 723 Supply agreements 800 800 Leaseholds 160 160 Total acquired intangible assets 99,017 98,742 Less accumulated amortization (1) (40,031 ) (35,830 ) Net acquired intangible assets $ 58,986 $ 62,912 (1) Applies to all intangible assets, except for trademarks and trade names totaling $5.2 million, which have indefinite useful lives and, as such, are not being amortized. Total amortization expense for acquired intangible assets was $2.1 million and $4.2 million for the three months and six months ended June 30, 2017, respectively, and $1.5 million and $2.7 million for the comparable periods in 2016. Based on the current estimated useful lives assigned to our acquired intangible assets, amortization expense is estimated to be $3.8 million for the remainder of 2017, $7.6 million in 2018, $6.3 million in 2019, $5.9 million in 2020 and $30.2 million in the aggregate for the years 2021 through 2031.

Credit Facilities and Long-Term

Credit Facilities and Long-Term Debt	6 Months Ended
	Jun. 30, 2017
Credit Facilities and Long-Term Debt [Abstract]
Credit Facilities and Long-Term Debt	Note 8. Credit Facilities and Long-Term Debt Total debt outstanding is summarized as follows: June 30, 2017 December 31, 2016 (In thousands) Revolving credit facilities $ 78,946 $ 54,812 Other 147 163 Total debt $ 79,093 $ 54,975 Current maturities of debt $ 78,992 $ 54,855 Long-term debt 101 120 Total debt $ 79,093 $ 54,975 Revolving Credit Facility In October 2015, we entered into a Credit Agreement with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders for a senior secured revolving credit facility with a line of credit of up to $250 million (with an additional $50 million accordion feature) and a maturity date in October 2020. The line of credit under the agreement also allows for a $10 million line of credit to Canada as part of the $250 million available for borrowing. Direct borrowings under the credit agreement bear interest at LIBOR plus a margin ranging from 1.25% to 1.75% based on our borrowing availability, or floating at the alternate base rate plus a margin ranging from 0.25% to 0.75% based on our borrowing availability, at our option. The credit agreement is guaranteed by certain of our subsidiaries and secured by certain of our assets. Borrowings under the credit agreement are secured by substantially all of our assets, including accounts receivable, inventory and certain fixed assets, and those of certain of our subsidiaries. Availability under the credit agreement is based on a formula of eligible accounts receivable, eligible inventory, eligible equipment and eligible fixed assets. After taking into account outstanding borrowings under the credit agreement, there was an additional $162.2 million available for us to borrow pursuant to the formula at June 30, 2017 December At June 30, 2017, the weighted average interest rate on our credit agreement was 2.5%, which consisted of $75 million in direct borrowings at 2.4% and an alternative base rate loan of $3.9 million at 4.5%. At December At any time that our borrowing availability is less than the greater of either (a) $25 million, or 10% of the commitments if fixed assets are not included in the borrowing base, or (b) $31.25 million, or 12.5% of the commitments if fixed assets are included in the borrowing base, the terms of the credit agreement provide for, among other provisions, a financial covenant requiring us, on a consolidated basis, to maintain a fixed charge coverage ratio of 1:1 at the end of each fiscal quarter (rolling four quarters). As of June 30, Deferred Financing Costs We had deferred financing costs of $1.1 million and $1.3 million as of June 30, 2017 and December 31, 2016, respectively. Deferred financing costs are related to our revolving credit facility. Deferred financing costs as of June 30, 2017 are being amortized in the amounts of $0.2 million for the remainder of 2017, $0.3 million in 2018, $0.3 million in 2019 and $0.3 million in 2020.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2017
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Note 9. Accumulated Other Comprehensive Income Changes in Accumulated Other Comprehensive Income by Component (in thousands) Three Months Ended June 30, 2017 Foreign Currency Translation Adjustments Unrecognized Postretirement Benefit Costs (Credit) Total Balance at March 31, 2017 $ (8,529 ) $ 189 $ (8,340 ) Other comprehensive income before reclassifications 2,733 283 3,016 Amounts reclassified from accumulated other comprehensive income — (163 ) (163 ) Other comprehensive income, net 2,733 120 2,853 Balance at June 30 $ (5,796 ) $ 309 $ (5,487 ) Six Months Ended June 30, 2017 Foreign Currency Translation Adjustments Unrecognized Postretirement Benefit Costs (Credit) Total Balance at December 31, 2016 $ (11,252 ) $ 224 $ (11,028 ) Other comprehensive income before reclassifications 5,456 283 5,739 Amounts reclassified from accumulated other comprehensive income — (198 ) (198 ) Other comprehensive income, net 5,456 85 5,541 Balance at June 30 $ (5,796 ) $ 309 $ (5,487 ) Reclassifications Out of Accumulated Other Comprehensive Income (in thousands) Details About Accumulated Other Comprehensive Income Components Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Amortization of postretirement benefit plans: Prior service benefit (1) $ — $ — Unrecognized (gain) loss (1) (271 ) (330 ) Total before income tax (271 ) (330 ) Income tax expense 108 132 Total reclassifications for the period $ (163 ) $ (198 ) (1) These accumulated other comprehensive income components are included in the computation of net periodic postretirement benefit costs, which are included in selling, general and administrative expenses in our consolidated statements of operations (see Note 11 for additional details).

Stock-Based Compensation Plans

Stock-Based Compensation Plans	6 Months Ended
	Jun. 30, 2017
Stock-Based Compensation Plans [Abstract]
Stock-Based Compensation Plans	Note 10. Stock-Based Compensation Plans We account for our stock-based compensation plans in accordance with the provisions of FASB ASC 718, Stock Compensation Restricted and Performance Stock Grants As part of the 2016 Omnibus Incentive Plan, we currently grant shares of restricted stock to eligible employees and our independent directors and performance-based stock to eligible employees. Selected executives and other key personnel are granted performance awards whose vesting is contingent upon meeting various performance measures with a retention feature. Performance-based shares are subject to a three-year measuring period and the achievement of performance targets and, depending upon the achievement of such performance targets, they may become vested on the third anniversary of the date of grant. Each period we evaluate the probability of achieving the applicable targets, and we adjust our accrual accordingly. Restricted shares granted to employees become fully vested upon the third anniversary of the date of grant; and for selected key executives, certain additional restricted share grants vest 25% upon the attainment of age 60, 25% upon the attainment of age 63 and become fully vested upon the attainment of age 65. Restricted shares granted to directors become fully vested upon the first anniversary of the date of grant. Commencing with the 2015 grants, restricted and performance shares issued to certain key executives and directors are subject to a one or two year holding period upon the lapse of the three year vesting period. Forfeitures on restricted stock grants are estimated at 5% for employees and 0% for executives and directors, respectively, based on our evaluation of historical and expected future turnover. Our restricted and performance-based share activity was as follows for the six months ended June 30, 2017: Shares Weighted Average Grant Date Fair Value Per Share Balance at December 31, 2016 822,848 $ 30.46 Granted 8,450 42.83 Vested (14,634 ) 29.17 Forfeited (4,150 ) 35.66 Balance at June 30, 2017 812,514 $ 30.59 We recorded compensation expense related to restricted shares and performance-based shares of $3.5 million ($2.2 million, net of tax) and $2.3 million ($1.5 million, net of tax) for the six months ended June 30, 2017 and 2016, respectively. The unamortized compensation expense related to our restricted and performance-based shares was $12.7 million at June 30, 2017, and is expected to be recognized as they vest over a weighted average period of 5.3 years and 0.8 years for employees and directors, respectively.

Employee Benefits

Employee Benefits	6 Months Ended
	Jun. 30, 2017
Employee Benefits [Abstract]
Employee Benefits	Note 11. Employee Benefits We provided, and continue to provide, certain medical and dental care benefits to eligible retired U.S. and Canadian employees. Under the U.S. plan, for non-union employees, a Health Reimbursement Account (“HRA”) was established beginning January 1, 2009 for each qualified U.S. retiree. Annually, and through the year ended December 31, 2016, a fixed amount was credited into the HRA to cover both medical and dental costs for all current and future eligible retirees. Under the Canadian plan, retiree medical and dental benefits were funded using insurance contracts. Premiums under the insurance contracts were funded on a pay-as-you-go basis. The postretirement medical plans to substantially all eligible U.S. and Canadian employees terminated on December 31, 2016. For U.S. plan participants, balances in the HRA accounts at December 31, 2016 will remain available for use until December 31, 2018. Any remaining balance at December 31, 2018 will be forfeited. Postretirement medical and dental benefits to eligible employees will continue to be provided to the 24 former union employees in the U.S. The components of net periodic benefit cost for our postretirement benefit plans for the three months and six months ended June 30, 2017 and 2016 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, Postretirement benefits 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 2 3 4 6 Amortization of prior service cost — (14 ) — (27 ) Actuarial net loss (271 ) 115 (330 ) 390 Net periodic benefit cost (credit) $ (269 ) $ 104 $ (326 ) $ 369 We maintain a defined contribution Supplemental Executive Retirement Plan for key employees. Under the plan, these employees may elect to defer a portion of their compensation and, in addition, we may at our discretion make contributions to the plan on behalf of the employees. In March 2017, we made company contributions to the plan of $0.3 million related to calendar year 2016. We also have an Employee Stock Ownership Plan and Trust for employees who are not covered by a collective bargaining agreement. In connection therewith, we maintain an employee benefits trust to which we contribute shares of treasury stock. We are authorized to instruct the trustees to distribute such shares toward the satisfaction of our future obligations under the plan. The shares held in trust are not considered outstanding for purposes of calculating earnings per share until they are committed to be released. The trustees will vote the shares in accordance with their fiduciary duties. During the six months ended June 30, 2017, we contributed to the trust an additional 43,300 shares from our treasury and released 43,300 shares from the trust leaving 200 shares remaining in the trust as of June 30, 2017.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 12. Fair Value Measurements The carrying value of our financial instruments consisting of cash and cash equivalents, deferred compensation, and short term borrowings approximate their fair value. In each instance, fair value is determined after considering Level 1 inputs under the three-level fair value hierarchy. For fair value purposes, the carrying value of cash and cash equivalents approximates fair value due to the short maturity of those investments. The fair value of the assets held by the deferred compensation plan are based on the quoted market prices of the underlying funds which are held in registered investment companies. The carrying value of our revolving credit facilities, classified as short term borrowings, equals fair market value because the interest rate reflects current market rates.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 13. Earnings Per Share The following are reconciliations of the earnings available to common stockholders and the shares used in calculating basic and dilutive net earnings per common share (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic Net Earnings Per Common Share: Earnings from continuing operations $ 18,261 $ 19,862 $ 34,628 $ 32,518 Loss from discontinued operations (497 ) (618 ) (1,130 ) (1,070 ) Net earnings available to common stockholders $ 17,764 $ 19,244 $ 33,498 $ 31,448 Weighted average common shares outstanding 22,820 22,705 22,833 22,674 Earnings from continuing operations per common share $ 0.80 $ 0.87 $ 1.52 $ 1.43 Loss from discontinued operations per common share (0.02 ) (0.02 ) (0.05 ) (0.04 ) Basic net earnings per common share $ 0.78 $ 0.85 $ 1.47 $ 1.39 Diluted Net Earnings Per Common Share: Earnings from continuing operations $ 18,261 $ 19,862 $ 34,628 $ 32,518 Loss from discontinued operations (497 ) (618 ) (1,130 ) (1,070 ) Net earnings available to common stockholders $ 17,764 $ 19,244 $ 33,498 $ 31,448 Weighted average common shares outstanding 22,820 22,705 22,833 22,674 Plus incremental shares from assumed conversions: Dilutive effect of restricted stock and performance-based stock 509 314 499 315 Weighted average common shares outstanding – Diluted 23,329 23,019 23,332 22,989 Earnings from continuing operations per common share $ 0.78 $ 0.86 $ 1.48 $ 1.41 Loss from discontinued operations per common share (0.02 ) (0.02 ) (0.04 ) (0.04 ) Diluted net earnings per common share $ 0.76 $ 0.84 $ 1.44 $ 1.37 The shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted and performance-based shares 228 338 240 341

Industry Segments

Industry Segments	6 Months Ended
	Jun. 30, 2017
Industry Segments [Abstract]
Industry Segments	Note 14. Industry Segments We have two major reportable operating segments, each of which focuses on a specific line of replacement parts. Our Engine Management Segment manufactures and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. Our Temperature Control Segment manufactures and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories and windshield washer system parts. The following tables show our segment net sales, intersegment revenue and operating income by our operating segments (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Segment Net Sales (a) Engine Management $ 223,349 $ 198,848 $ 434,663 $ 379,529 Temperature Control 87,391 87,503 157,681 144,269 All Other 1,989 2,626 2,763 4,090 Consolidated $ 312,729 $ 288,977 $ 595,107 $ 527,888 Intersegment Net Sales Engine Management $ 5,831 $ 5,817 $ 13,143 $ 10,689 Temperature Control 2,095 2,121 4,124 3,715 All Other (7,926 ) (7,938 ) (17,267 ) (14,404 ) Consolidated $ — $ — $ — $ — Operating Income Engine Management $ 26,489 $ 30,548 $ 53,774 $ 54,752 Temperature Control 8,262 5,647 12,229 7,814 All Other (5,082 ) (4,351 ) (10,815 ) (10,703 ) Consolidated $ 29,669 $ 31,844 $ 55,188 $ 51,863 (a) Segment net sales includes intersegment sales in our Engine Management and Temperature Control segments.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 15. Commitments and Contingencies Asbestos In 1986, we acquired a brake business, which we subsequently sold in March 1998 and which is accounted for as a discontinued operation. When we originally acquired this brake business, we assumed future liabilities relating to any alleged exposure to asbestos-containing products manufactured by the seller of the acquired brake business. In accordance with the related purchase agreement, we agreed to assume the liabilities for all new claims filed on or after September 2001. Our ultimate exposure will depend upon the number of claims filed against us on or after September 2001 and the amounts paid for indemnity and defense thereof. At June 30, 2017, approximately 1,595 cases were outstanding for which we may be responsible for any related liabilities. Since inception in September 2001 through June 30, 2017, the amounts paid for settled claims are approximately $22.1 million. In evaluating our potential asbestos-related liability, we have considered various factors including, among other things, an actuarial study of the asbestos related liabilities performed by an independent actuarial firm, our settlement amounts and whether there are any co-defendants, the jurisdiction in which lawsuits are filed, and the status and results of settlement discussions. As is our accounting policy, we consider the advice of actuarial consultants with experience in assessing asbestos-related liabilities to estimate our potential claim liability. The methodology used to project asbestos-related liabilities and costs in our actuarial study considered: (1) historical data available from publicly available studies; (2) an analysis of our recent claims history to estimate likely filing rates into the future; (3) an analysis of our currently pending claims; and (4) an analysis of our settlements to date in order to develop average settlement values. The most recent actuarial study was performed as of August 31, 2016. The updated study has estimated an undiscounted liability for settlement payments, excluding legal costs and any potential recovery from insurance carriers, ranging from $31 million to $47.7 million for the period through 2059. The change from the prior year study was a $2.3 million decrease for the low end of the range and a $3.4 million decrease for the high end of the range. The decrease in the estimated undiscounted liability from the prior year study at both the low end and high end of the range reflects our actual experience over the prior twelve months, our historical data and certain assumptions with respect to events that may occur in the future. Based on the information contained in the actuarial study and all other available information considered by us, we have concluded that no amount within the range of settlement payments was more likely than any other and, therefore, in assessing our asbestos liability we compare the low end of the range to our recorded liability to determine if an adjustment is required. Based upon the results of the August 31, 2016 actuarial study, a favorable adjustment to the asbestos liability was not recorded in our consolidated financial statements as the difference between our recorded liability and the liability in the actuarial report at the low end of the range was not material. Future legal costs, which are expensed as incurred and reported in loss from discontinued operations in the accompanying statement of operations, are estimated, according to the updated study, to range from $42.7 million to $78.6 million for the period through 2059. We plan to perform an annual actuarial evaluation during the third quarter of each year for the foreseeable future. Given the uncertainties associated with projecting such matters into the future and other factors outside our control, we can give no assurance that additional provisions will not be required. We will continue to monitor the circumstances surrounding these potential liabilities in determining whether additional provisions may be necessary. At the present time, however, we do not believe that any additional provisions would be reasonably likely to have a material adverse effect on our liquidity or consolidated financial position. Other Litigation We are currently involved in various other legal claims and legal proceedings (some of which may involve substantial amounts), including claims related to commercial disputes, product liability, employment, and environmental. Although these legal claims and legal proceedings are subject to inherent uncertainties, based on our understanding and evaluation of the relevant facts and circumstances, we believe that the ultimate outcome of these matters will not, either individually or in the aggregate, have a material adverse effect on our . We may at any time determine that settling any of these matters is in our best interests, which settlement may include substantial payments. Warranties We generally warrant our products against certain manufacturing and other defects. These product warranties are provided for specific periods of time of the product depending on the nature of the product. As of June 30, 2017 and 2016, we have accrued $24.5 million and $26.9 million, respectively, for estimated product warranty claims included in accrued customer returns. The accrued product warranty costs are based primarily on historical experience of actual warranty claims. The following table provides the changes in our product warranties (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 25,609 $ 26,404 $ 24,072 $ 23,395 Liabilities accrued for current year sales 25,693 25,418 51,423 47,999 Settlements of warranty claims (26,774 ) (24,876 ) (50,967 ) (44,448 ) Balance, end of period $ 24,528 $ 26,946 $ 24,528 $ 26,946

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	The following table provides a brief description of recent accounting pronouncements that could have a material effect on our financial statements: Standard Description Date of adoption Effects on the financial statements or other significant matters Standards that are not yet adopted as of June 30, 2017 Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers This standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. January 1, 2018, with early adoption permitted but not before January 1, 2017 The new standard provides entities the option of using either a full retrospective or a modified approach to adopt the guidance. To date we performed an assessment of the potential impacts of the pronouncement including certain contract reviews. Based on our initial assessment we do not anticipate that the adoption of this standard will have a material effect on our consolidated financial statements. We will be continuously assessing the new standard and reviewing contracts through January 1, 2018, the date of implementation. We are currently evaluating the method of adoption. ASU 2015-14, Revenue from Contracts with Customers – Deferral of the Effective Date This standard defers by one year the mandatory effective date of its revenue recognition standard, and provides entities the option to adopt the standard as of the original effective date. ASU 2016-02, Leases This standard outlines the need to recognize a right-of-use asset and a lease liability for virtually all leases (other than leases that meet the definition of a short-term lease). For income statement purposes, the FASB retained the dual model, requiring leases to be classified as either operating or financing. Operating leases will result in straight-line expense while finance leases will result in a front-loaded expense pattern. January 1, 2019, with early adoption permitted The new standard must be adopted utilizing a modified retrospective transition, and provides for certain expedients. The new standard will require that we recognize all of our leases, including our current operating leases, on the balance sheet. We are currently in the process of taking an inventory of our leases and are evaluating the impact the new standard will have on our consolidated financial statements, and when we will adopt the new standard. Standard Description Date of adoption Effects on the financial statements or other significant matters Standards that are not yet adopted as of June 30, 2017 ASU 2016-15, Statement of Cash Flows This standard is intended to reduce diversity in practice and to provide guidance as to how certain cash receipts and cash payments are presented and classified in the statement of cash flows. January 1, 2018, with early adoption permitted The new standard requires application using a retrospective transition method. We do not anticipate that the adoption of this standard will have a material effect on our consolidated financial statements. ASU Simplifying the Test for Goodwill Impairment This standard is intended to simplify the accounting for goodwill impairment. ASU 2017-04 removes Step 2 of the test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. January 1, 2020, with early adoption permitted The new standard should be applied prospectively. We will consider the new standard when performing our annual impairment test and evaluate when we will adopt the new standard. ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost This standard requires employers that present operating income in their consolidated statement of operations to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit, and settlement and curtailment effects, are to be included in other non-operating income (expense). The new standard requires retrospective reclassification of the effects of the new standard on the statement of operations. January 1, 2018, with early adopted permitted The new standard will require that we retrospectively reclassify all components of net periodic pension cost and net periodic postretirement benefit cost, other than the service cost component, in our statement of operations from selling, general and administrated expenses, as presently reported, to other non-operating income (expense). Standard Description Date of adoption Effects on the financial statements or other significant matters Standards that were adopted ASU Balance Sheet Classification of Deferred Taxes This standard requires entities with a classified balance sheet to present all deferred tax assets and liabilities as noncurrent. The new guidance requires entities to offset all deferred tax assets and liabilities (and valuation allowances) for each tax-paying jurisdiction within each tax-paying component. The net deferred tax must be presented as a single noncurrent amount. January 1, 2017 The adoption of the new standard resulted in the reclassification of deferred tax assets previously reported as current deferred tax assets to noncurrent deferred tax assets in our consolidated balance sheets. We adopted the new standard retrospectively, and as such, all prior period current deferred tax assets in our consolidated balance sheets have also been reclassified to noncurrent deferred tax assets for comparative purposes. ASU 2015-11, Simplifying the Measurement of Inventory This standard changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value for entities that measure inventory using first-in, first-out or average cost. In addition, this standard eliminates the requirement for these entities to consider replacement cost or net realizable value less an approximate normal profit margin when measuring inventory. January 1, 2017 The prospective adoption of the new standard did not have a material effect on our consolidated financial statements. ASU 2016-09, Improvements to Employee Share-Based Payment Accounting This standard requires (1) that the tax effects related to share-based payments at settlement (or expiration) be recorded through the tax provision (benefit) in the income statement rather than in equity as permitted under prior guidance under certain circumstances; (2) that all tax-related cash flows resulting from share-based payments be reported as operating activities on the statement of cash flows, a change from the current requirement to present windfall tax benefits as an inflow from financing activities and an outflow from operating activities; and (3) that when computing diluted earnings per share, the effect of “windfall” tax benefits be excluded from the hypothetical proceeds used to calculate the repurchase of shares under the treasury stock method. January 1, 2017 We adopted the new standard prospectively. The adoption of the new standard did not have a material effect on our consolidated financial statements for the three months and six months ended June 30, 2017, and based upon the current price of our common stock, we do not expect that the adoption of the new standard will have a material effect on our consolidated financial statements for the year ended December 31, 2017.

Business Acquisitions and Inv24

Business Acquisitions and Investments (Tables)	6 Months Ended
	Jun. 30, 2017
Business Acquisitions and Investments [Abstract]
Allocation of Purchase Price to the Assets Acquired and Liabilities Assumed	The following table presents the allocation of the purchase price to the assets acquired and liabilities assumed, based on their fair values (in thousands): Purchase Price $ 67,451 Assets acquired and liabilities assumed: Receivables $ 3,130 Inventory 12,567 Other current and noncurrent assets (1) 334 Property, plant and equipment, net 2,660 Intangible assets 42,440 Goodwill 12,746 Current liabilities (6,426 ) Net assets acquired $ 67,451 (1) Other current and noncurrent assets includes $0.2 million of cash acquired.

Restructuring and Integration25

Restructuring and Integration Expenses (Tables)	6 Months Ended
	Jun. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring and Integration (Income) Expenses	The aggregated liabilities included in “sundry payables and accrued expenses” and “other accrued liabilities” in the consolidated balance sheet relating to the restructuring and integration activities as of December 31, 2016 and June 30, 2017 and activity for the six months ended June 30, 2017 consisted of the following (in thousands): Workforce Reduction Other Exit Costs Total Exit activity liability at December 31, 2016 $ 2,576 $ — $ 2,576 Restructuring and integration costs: Amounts provided for during 2017 1,788 994 2,782 Cash payments (1,300 ) (994 ) (2,294 ) Foreign Currency Exchange Rate Changes 84 — 84 Exit activity liability at June 30 $ 3,148 $ — $ 3,148
Plant Rationalization Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Integration (Income) Expenses	Activity, by segment, for the six months ended June 30, 2017 related to our plant rationalization program consisted of the following (in thousands): Engine Management Temperature Control Other Total Exit activity liability at December 31 $ 11 $ 2,043 $ — $ 2,054 Restructuring and integration costs: Amounts provided for during 2017 602 1,038 — 1,640 Cash payments (613 ) (1,132 ) — (1,745 ) Exit activity liability at June 30 $ — $ 1,949 $ — $ 1,949
Orlando Plant Rationalization Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Integration (Income) Expenses	Activity, by segment, for the six months ended June 30, 2017 related to our Orlando plant rationalization program consisted of the following (in thousands): Engine Management Temperature Control Other Total Exit activity liability at December 31 $ — $ — $ — $ — Restructuring and integration costs: Amounts provided for during 2017 617 — — 617 Cash payments (87 ) — — (87 ) Exit activity liability at June 30, 2017 $ 530 $ — $ — $ 530
Wire and Cable Relocation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Integration (Income) Expenses	Activity, by segment, for the six months ended June 30, 2017 related to our wire and cable relocation program consisted of the following (in thousands): Engine Management Temperature Control Other Total Exit activity liability at December 31 $ 522 $ — $ — $ 522 Restructuring and integration costs: Amounts provided for during 2017 525 — — 525 Cash payments (462 ) — — (462 ) Foreign Currency Exchange Rate Changes 84 — — 84 Exit activity liability at June 30, 2017 $ 669 $ — $ — $ 669

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Inventories	Inventories, which are stated at the lower of cost (determined by means of the first-in, first-out method) or market, consist of the following: June 30, 2017 December 31, 2016 (In thousands) Finished goods $ 222,414 $ 203,700 Work-in-process 8,597 6,823 Raw materials 109,875 101,954 Total inventories $ 340,886 $ 312,477

Acquired Intangible Assets (Tab

Acquired Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Acquired Intangible Assets [Abstract]
Acquired Identifiable Intangible Assets	Acquired identifiable intangible assets consist of the following: June 30, 2017 December 31, 2016 (In thousands) Customer relationships $ 87,333 $ 87,070 Trademarks and trade names 6,800 6,800 Non-compete agreements 3,201 3,189 Patents 723 723 Supply agreements 800 800 Leaseholds 160 160 Total acquired intangible assets 99,017 98,742 Less accumulated amortization (1) (40,031 ) (35,830 ) Net acquired intangible assets $ 58,986 $ 62,912 (1) Applies to all intangible assets, except for trademarks and trade names totaling $5.2 million, which have indefinite useful lives and, as such, are not being amortized.

Credit Facilities and Long-Te28

Credit Facilities and Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Credit Facilities and Long-Term Debt [Abstract]
Summary of Total Debt Outstanding	Total debt outstanding is summarized as follows: June 30, 2017 December 31, 2016 (In thousands) Revolving credit facilities $ 78,946 $ 54,812 Other 147 163 Total debt $ 79,093 $ 54,975 Current maturities of debt $ 78,992 $ 54,855 Long-term debt 101 120 Total debt $ 79,093 $ 54,975

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2017
Accumulated Other Comprehensive Income [Abstract]
Changes in Accumulated Other Comprehensive Income	Changes in Accumulated Other Comprehensive Income by Component (in thousands) Three Months Ended June 30, 2017 Foreign Currency Translation Adjustments Unrecognized Postretirement Benefit Costs (Credit) Total Balance at March 31, 2017 $ (8,529 ) $ 189 $ (8,340 ) Other comprehensive income before reclassifications 2,733 283 3,016 Amounts reclassified from accumulated other comprehensive income — (163 ) (163 ) Other comprehensive income, net 2,733 120 2,853 Balance at June 30 $ (5,796 ) $ 309 $ (5,487 ) Six Months Ended June 30, 2017 Foreign Currency Translation Adjustments Unrecognized Postretirement Benefit Costs (Credit) Total Balance at December 31, 2016 $ (11,252 ) $ 224 $ (11,028 ) Other comprehensive income before reclassifications 5,456 283 5,739 Amounts reclassified from accumulated other comprehensive income — (198 ) (198 ) Other comprehensive income, net 5,456 85 5,541 Balance at June 30 $ (5,796 ) $ 309 $ (5,487 )
Reclassifications out of Accumulated Other Comprehensive Income	Reclassifications Out of Accumulated Other Comprehensive Income (in thousands) Details About Accumulated Other Comprehensive Income Components Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Amortization of postretirement benefit plans: Prior service benefit (1) $ — $ — Unrecognized (gain) loss (1) (271 ) (330 ) Total before income tax (271 ) (330 ) Income tax expense 108 132 Total reclassifications for the period $ (163 ) $ (198 ) (1) These accumulated other comprehensive income components are included in the computation of net periodic postretirement benefit costs, which are included in selling, general and administrative expenses in our consolidated statements of operations (see Note 11 for additional details).

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Stock-Based Compensation Plans [Abstract]
Restricted and Performance-based Share Activity	Our restricted and performance-based share activity was as follows for the six months ended June 30, 2017: Shares Weighted Average Grant Date Fair Value Per Share Balance at December 31, 2016 822,848 $ 30.46 Granted 8,450 42.83 Vested (14,634 ) 29.17 Forfeited (4,150 ) 35.66 Balance at June 30, 2017 812,514 $ 30.59

Employee Benefits (Tables)

Employee Benefits (Tables)	6 Months Ended
	Jun. 30, 2017
Employee Benefits [Abstract]
Components of Net Periodic Benefit Cost for Postretirement Benefit Plans	The components of net periodic benefit cost for our postretirement benefit plans for the three months and six months ended June 30, 2017 and 2016 were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, Postretirement benefits 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 2 3 4 6 Amortization of prior service cost — (14 ) — (27 ) Actuarial net loss (271 ) 115 (330 ) 390 Net periodic benefit cost (credit) $ (269 ) $ 104 $ (326 ) $ 369

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Reconciliations of the Earnings Available to Common Stockholders and the Shares used in Calculating Basic and Dilutive Net Earnings per Common Share	The following are reconciliations of the earnings available to common stockholders and the shares used in calculating basic and dilutive net earnings per common share (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic Net Earnings Per Common Share: Earnings from continuing operations $ 18,261 $ 19,862 $ 34,628 $ 32,518 Loss from discontinued operations (497 ) (618 ) (1,130 ) (1,070 ) Net earnings available to common stockholders $ 17,764 $ 19,244 $ 33,498 $ 31,448 Weighted average common shares outstanding 22,820 22,705 22,833 22,674 Earnings from continuing operations per common share $ 0.80 $ 0.87 $ 1.52 $ 1.43 Loss from discontinued operations per common share (0.02 ) (0.02 ) (0.05 ) (0.04 ) Basic net earnings per common share $ 0.78 $ 0.85 $ 1.47 $ 1.39 Diluted Net Earnings Per Common Share: Earnings from continuing operations $ 18,261 $ 19,862 $ 34,628 $ 32,518 Loss from discontinued operations (497 ) (618 ) (1,130 ) (1,070 ) Net earnings available to common stockholders $ 17,764 $ 19,244 $ 33,498 $ 31,448 Weighted average common shares outstanding 22,820 22,705 22,833 22,674 Plus incremental shares from assumed conversions: Dilutive effect of restricted stock and performance-based stock 509 314 499 315 Weighted average common shares outstanding – Diluted 23,329 23,019 23,332 22,989 Earnings from continuing operations per common share $ 0.78 $ 0.86 $ 1.48 $ 1.41 Loss from discontinued operations per common share (0.02 ) (0.02 ) (0.04 ) (0.04 ) Diluted net earnings per common share $ 0.76 $ 0.84 $ 1.44 $ 1.37
Anti-dilutive Securities Excluded from Computation of Earnings per Share	The shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted and performance-based shares 228 338 240 341

Industry Segments (Tables)

Industry Segments (Tables)	6 Months Ended
	Jun. 30, 2017
Industry Segments [Abstract]
Sales and Operating Income by Operating Segments	The following tables show our segment net sales, intersegment revenue and operating income by our operating segments (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Segment Net Sales (a) Engine Management $ 223,349 $ 198,848 $ 434,663 $ 379,529 Temperature Control 87,391 87,503 157,681 144,269 All Other 1,989 2,626 2,763 4,090 Consolidated $ 312,729 $ 288,977 $ 595,107 $ 527,888 Intersegment Net Sales Engine Management $ 5,831 $ 5,817 $ 13,143 $ 10,689 Temperature Control 2,095 2,121 4,124 3,715 All Other (7,926 ) (7,938 ) (17,267 ) (14,404 ) Consolidated $ — $ — $ — $ — Operating Income Engine Management $ 26,489 $ 30,548 $ 53,774 $ 54,752 Temperature Control 8,262 5,647 12,229 7,814 All Other (5,082 ) (4,351 ) (10,815 ) (10,703 ) Consolidated $ 29,669 $ 31,844 $ 55,188 $ 51,863 (a) Segment net sales includes intersegment sales in our Engine Management and Temperature Control segments.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies [Abstract]
Changes in Product Warranties	The following table provides the changes in our product warranties (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 25,609 $ 26,404 $ 24,072 $ 23,395 Liabilities accrued for current year sales 25,693 25,418 51,423 47,999 Settlements of warranty claims (26,774 ) (24,876 ) (50,967 ) (44,448 ) Balance, end of period $ 24,528 $ 26,946 $ 24,528 $ 26,946

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 30, 2017
Basis of Presentation [Abstract]
Equity ownership in entities included in consolidated financial statements, minimum	50.00%

Business Acquisitions and Inv36

Business Acquisitions and Investments, General Cable Corporation Acquisitions (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
		May 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Assets acquired and liabilities assumed [Abstract]
Goodwill			$ 67,401		$ 67,401		$ 67,231
Incremental net sales from acquisition	[1]		312,729	$ 288,977	595,107	$ 527,888
General Cable Corporation [Member]
Business Acquisition [Line Items]
Percentage of equity interest acquired		100.00%
Allocation of purchase price to the assets acquired and liabilities assumed [Abstract]
Purchase Price		$ 67,451
Assets acquired and liabilities assumed [Abstract]
Receivables		3,130
Inventory		12,567
Other current and noncurrent assets	[2]	334
Property, plant and equipment, net		2,660
Intangible assets		42,440
Goodwill		12,746
Current liabilities		(6,426)
Net assets acquired		67,451
Cash acquired		200
Incremental net sales from acquisition			$ 15,000		$ 38,400
General Cable Corporation [Member] | Customer Relationships [Member]
Assets acquired and liabilities assumed [Abstract]
Intangible assets acquired in business acquisition		$ 39,400
Estimated useful life of intangible assets		15 years
General Cable Corporation [Member] | Non-Compete Agreements [Member]
Assets acquired and liabilities assumed [Abstract]
Intangible assets acquired in business acquisition		$ 2,200
Estimated useful life of intangible assets		5 years
General Cable Corporation [Member] | Supply Agreement [Member]
Assets acquired and liabilities assumed [Abstract]
Intangible assets acquired in business acquisition		$ 800
Estimated useful life of intangible assets		1 year
[1]	Segment net sales includes intersegment sales in our Engine Management and Temperature Control segments.
[2]	Other current and noncurrent assets includes $0.2 million of cash acquired.

Restructuring and Integration37

Restructuring and Integration Expenses (Details) $ in Thousands	6 Months Ended	14 Months Ended	17 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	$ 2,576
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	2,782
Cash payments	(2,294)
Foreign Currency Exchange Rate Changes	84
Exit activity liability, end of period	3,148	$ 3,148	$ 3,148
Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	2,054
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	1,640		4,800
Cash payments	(1,745)
Exit activity liability, end of period	1,949	1,949	1,949
Restructuring and related cost, Expected cost [Abstract]
Restructuring and integration expenses expected to be incurred	5,700	5,700	5,700
Orlando Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	617
Cash payments	(87)
Exit activity liability, end of period	530	530	530
Restructuring and related cost, Expected cost [Abstract]
Restructuring and integration expenses expected to be incurred	3,100	3,100	3,100
Wire and Cable Relocation [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	522
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	525	1,200
Cash payments	(462)
Foreign Currency Exchange Rate Changes	84
Exit activity liability, end of period	669	669	669
Restructuring and related cost, Expected cost [Abstract]
Restructuring and integration expenses expected to be incurred	2,600	2,600	2,600
Engine Management [Member] | Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	11
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	602
Cash payments	(613)
Exit activity liability, end of period	0	0	0
Engine Management [Member] | Orlando Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	617
Cash payments	(87)
Exit activity liability, end of period	530	530	530
Engine Management [Member] | Wire and Cable Relocation [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	522
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	525
Cash payments	(462)
Foreign Currency Exchange Rate Changes	84
Exit activity liability, end of period	669	669	669
Temperature Control [Member] | Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	2,043
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	1,038
Cash payments	(1,132)
Exit activity liability, end of period	1,949	1,949	1,949
Temperature Control [Member] | Orlando Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	0
Cash payments	0
Exit activity liability, end of period	0	0	0
Temperature Control [Member] | Wire and Cable Relocation [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	0
Cash payments	0
Foreign Currency Exchange Rate Changes	0
Exit activity liability, end of period	0	0	0
Other [Member] | Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	0
Cash payments	0
Exit activity liability, end of period	0	0	0
Other [Member] | Orlando Plant Rationalization Program [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	0
Cash payments	0
Exit activity liability, end of period	0	0	0
Other [Member] | Wire and Cable Relocation [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	0
Cash payments	0
Foreign Currency Exchange Rate Changes	0
Exit activity liability, end of period	0	0	0
Workforce Reduction [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	2,576
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	1,788
Cash payments	(1,300)
Foreign Currency Exchange Rate Changes	84
Exit activity liability, end of period	3,148	3,148	3,148
Other Exit Costs [Member]
Restructuring and integration activities [Roll Forward]
Exit activity liability, beginning of period	0
Restructuring and integration costs [Abstract]
Amounts provided for during 2017	994
Cash payments	(994)
Foreign Currency Exchange Rate Changes	0
Exit activity liability, end of period	$ 0	$ 0	$ 0

Sale of Receivables (Details)

Sale of Receivables (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Sale of Receivables [Abstract]
Sale of receivables to financial institutions	$ 224.3	$ 201.7	$ 404.1	$ 367.6
Charge related to sale of receivables	$ 6.4	$ 4.9	$ 11.6	$ 8.9

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Inventories [Abstract]
Finished goods	$ 222,414	$ 203,700
Work-in-process	8,597	6,823
Raw materials	109,875	101,954
Total inventories	$ 340,886	$ 312,477

Acquired Intangible Assets (Det

Acquired Intangible Assets (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Acquired Indefinite-lived Intangible Assets [Line Items]
Total acquired intangible assets		$ 99,017		$ 99,017		$ 98,742
Less accumulated amortization	[1]	(40,031)		(40,031)		(35,830)
Net acquired intangible assets		58,986		58,986		62,912
Amortization of acquired intangible assets [Abstract]
Amortization expense		2,100	$ 1,500	4,200	$ 2,700
Estimated amortization expense, remainder of 2017		3,800		3,800
Estimated amortization expense in year 2018		7,600		7,600
Estimated amortization expense in year 2019		6,300		6,300
Estimated amortization expense in year 2020		5,900		5,900
Estimated amortization expense in years 2021 through 2031		30,200		30,200
Customer Relationships [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Total acquired intangible assets		87,333		87,333		87,070
Trademarks and Trade Names [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Total acquired intangible assets		6,800		6,800		6,800
Intangible assets acquired [Abstract]
Amount of acquired indefinite-lived intangible assets		5,200		5,200
Non-compete Agreements [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Total acquired intangible assets		3,201		3,201		3,189
Patents [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Total acquired intangible assets		723		723		723
Supply Agreements [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Total acquired intangible assets		800		800		800
Leaseholds [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Total acquired intangible assets		$ 160		$ 160		$ 160
[1]	Applies to all intangible assets, except for trademarks and trade names totaling $5.2 million, which have indefinite useful lives and, as such, are not being amortized.

Credit Facilities and Long-Te41

Credit Facilities and Long-Term Debt, Total Debt Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Credit Facilities and Long-Term Debt [Abstract]
Revolving credit facilities	$ 78,946	$ 54,812
Other	147	163
Total debt	79,093	54,975
Current maturities of debt	78,992	54,855
Long-term debt	$ 101	$ 120

Credit Facilities and Long-Te42

Credit Facilities and Long-Term Debt, Revolving Credit Facility (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Fixed Assets Not Included in Borrowing Base [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Borrowing base	$ 25,000
Borrowing base percentage	10.00%
Fixed Assets Included in Borrowing Base [Member]
Line of Credit Facility [Line Items]
Borrowing base	$ 31,250
Borrowing base percentage	12.50%
JPMorgan Chase Bank Credit Agreement [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 250,000
Line of credit facility, additional borrowing capacity	$ 50,000
Maturity date	Oct. 31, 2020
Additional available borrowing capacity	$ 162,200
Outstanding borrowings under credit facility	$ 78,900		$ 54,800
Weighted average interest rate	2.50%		2.30%
JPMorgan Chase Bank Credit Agreement [Member] | LIBOR [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Margin on variable rate	1.25%
JPMorgan Chase Bank Credit Agreement [Member] | LIBOR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Margin on variable rate	1.75%
JPMorgan Chase Bank Credit Agreement [Member] | Alternate Base Rate [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings under credit facility	$ 3,900		$ 9,800
Weighted average interest rate	4.50%		4.00%
Average daily loan balance outstanding	$ 5,200	$ 3,000	$ 2,600
JPMorgan Chase Bank Credit Agreement [Member] | Alternate Base Rate [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Margin on variable rate	0.25%
JPMorgan Chase Bank Credit Agreement [Member] | Alternate Base Rate [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Margin on variable rate	0.75%
JPMorgan Chase Bank Credit Agreement [Member] | Direct Borrowings [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings under credit facility	$ 75,000		$ 45,000
Weighted average interest rate	2.40%		2.00%
Line of Credit [Member]
Line of Credit Facility [Line Items]
Coverage ratio	1
Line of Credit [Member] | Pay Cash dividend [Member]
Line of Credit Facility [Line Items]
Agreement permissions	$ 20,000
Line of Credit [Member] | Stock Repurchase [Member]
Line of Credit Facility [Line Items]
Agreement permissions	20,000
Line of Credit [Member] | Minimum [Member] | Stock Repurchase [Member]
Line of Credit Facility [Line Items]
Borrowing base	25,000
Line of Credit [Member] | Minimum [Member] | The Credit Agreement Also Permits Acquisitions, Permissible Debt, Cash Dividend Payments And Stock Repurchases [Member]
Line of Credit Facility [Line Items]
Agreement permissions	20,000
Line of Credit [Member] | CANADA [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 10,000

Credit Facilities and Long-Te43

Credit Facilities and Long-Term Debt, Deferred Financing Costs (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Deferred Financing Costs [Abstract]
Deferred financing costs	$ 1.1	$ 1.3
Amortization of financing costs reminder of 2017	0.2
2,018	0.3
2,019	0.3
2,020	$ 0.3

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Changes in accumulated other comprehensive income [Roll Forward]
Balance			$ 441,028
Other comprehensive income before reclassifications	$ 3,016		5,739
Amounts reclassified from accumulated other comprehensive income	(163)		(198)
Total other comprehensive income (loss), net of tax	2,853	$ (1,700)	5,541	$ 243
Balance	472,224		472,224
AOCI Attributable to Parent [Member]
Changes in accumulated other comprehensive income [Roll Forward]
Balance	(8,340)		(11,028)
Total other comprehensive income (loss), net of tax			5,541
Balance	(5,487)		(5,487)
Foreign Currency Translation Adjustments [Member]
Changes in accumulated other comprehensive income [Roll Forward]
Balance	(8,529)		(11,252)
Other comprehensive income before reclassifications	2,733		5,456
Amounts reclassified from accumulated other comprehensive income	0		0
Total other comprehensive income (loss), net of tax	2,733		5,456
Balance	(5,796)		(5,796)
Unrecognized Postretirement Benefit Costs (Credit) [Member]
Changes in accumulated other comprehensive income [Roll Forward]
Balance	189		224
Other comprehensive income before reclassifications	283		283
Amounts reclassified from accumulated other comprehensive income	(163)		(198)
Total other comprehensive income (loss), net of tax	120		85
Balance	$ 309		$ 309

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income, Reclassified (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Amortization of postretirement benefit plans [Abstract]
Prior service benefit		$ 0	$ (14)	$ 0	$ (27)
Unrecognized (gain) loss		(271)	115	(330)	390
Income tax expense		(81)	$ (164)	(57)	$ (272)
Total reclassifications for the period		(163)		(198)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Amortization of postretirement benefit plans [Abstract]
Prior service benefit	[1]	0		0
Unrecognized (gain) loss	[1]	(271)		(330)
Total before income tax		(271)		(330)
Income tax expense		108		132
Total reclassifications for the period		$ (163)		$ (198)
[1]	These accumulated other comprehensive income components are included in the computation of net periodic postretirement benefit costs, which are included in selling, general and administrative expenses in our consolidated statements of operations (see Note 11 for additional details).

Stock-Based Compensation Plan46

Stock-Based Compensation Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Additional Disclosures [Abstract]
Compensation expense, gross	$ 4,005	$ 2,736
Performance-based Shares [Member]
Restricted and Performance Stock Grants [Abstract]
Measuring period for performance-based shares	3 years
Restricted Shares [Member] | Employees [Member]
Restricted and Performance Stock Grants [Abstract]
Estimated forfeitures	5.00%
Restricted Shares [Member] | Executives [Member]
Restricted and Performance Stock Grants [Abstract]
Estimated forfeitures	0.00%
Restricted Shares [Member] | Directors [Member]
Restricted and Performance Stock Grants [Abstract]
Estimated forfeitures	0.00%
Restricted Shares [Member] | Age 60 [Member]
Restricted and Performance Stock Grants [Abstract]
Vesting percentage	25.00%
Restricted Shares [Member] | Age 63 [Member]
Restricted and Performance Stock Grants [Abstract]
Vesting percentage	25.00%
Restricted Shares [Member] | Age 65 [Member]
Restricted and Performance Stock Grants [Abstract]
Vesting percentage	100.00%
Restricted and Performance-Based Shares [Member]
Restricted and performance-based stock, shares [Roll Forward]
Beginning of period (in shares)	822,848
Granted (in shares)	8,450
Vested (in shares)	(14,634)
Forfeited (in shares)	(4,150)
End of period (in shares)	812,514
Restricted and performance-based stock, weighted average grant date fair value per share [Roll Forward]
Beginning of period (in dollars per share)	$ 30.46
Granted (in dollars per share)	42.83
Vested (in dollars per share)	29.17
Forfeited (in dollars per share)	35.66
End of period (in dollars per share)	$ 30.59
Additional Disclosures [Abstract]
Compensation expense, gross	$ 3,500	2,300
Compensation expense, net of tax	2,200	$ 1,500
Unamortized compensation expense	$ 12,700
Restricted and Performance-Based Shares [Member] | Employees [Member]
Additional Disclosures [Abstract]
Weighted average period of recognition for unrecognized compensation expense	5 years 3 months 18 days
Restricted and Performance-Based Shares [Member] | Directors [Member]
Additional Disclosures [Abstract]
Weighted average period of recognition for unrecognized compensation expense	9 months 18 days
Restricted and Performance-Based Shares [Member] | Executives and Directors [Member]
Restricted and Performance Stock Grants [Abstract]
Expiration of vesting period	3 years
Restricted and Performance-Based Shares [Member] | Executives and Directors [Member] | Minimum [Member]
Restricted and Performance Stock Grants [Abstract]
Post vesting holding period for restricted and performance shares issued	1 year
Restricted and Performance-Based Shares [Member] | Executives and Directors [Member] | Maximum [Member]
Restricted and Performance Stock Grants [Abstract]
Post vesting holding period for restricted and performance shares issued	2 years

Employee Benefits (Details)

Employee Benefits (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2017USD ($)	Jun. 30, 2017USD ($)shares	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)Employeeshares	Jun. 30, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of former union employees not covered under plan | Employee				24
Employee Stock Ownership Plan and Trust (ESOP) [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Additional shares contributed to ESOP (in shares) | shares				43,300
Shares released from trust (in shares) | shares		43,300		43,300
Total remaining balance of shares in the ESOP (in shares) | shares		200		200
Postretirement Benefits [Member]
Net Periodic benefit costs related to retirement plans [Abstract]
Service cost		$ 0	$ 0	$ 0	$ 0
Interest cost		2	3	4	6
Amortization of prior service cost		0	(14)	0	(27)
Actuarial net loss		(271)	115	(330)	390
Net periodic benefit cost (credit)		$ (269)	$ 104	$ (326)	$ 369
Supplemental Executive Retirement Plan [Member]
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Employer discretionary contribution amount	$ 300

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Basic Net Earnings Per Common Share [Abstract]
Earnings from continuing operations	$ 18,261	$ 19,862	$ 34,628	$ 32,518
Loss from discontinued operations	(497)	(618)	(1,130)	(1,070)
Net earnings available to common stockholders	$ 17,764	$ 19,244	$ 33,498	$ 31,448
Weighted average common shares outstanding (in shares)	22,820,079	22,705,310	22,833,263	22,673,811
Earnings from continuing operations per common share (in dollars per share)	$ 0.80	$ 0.87	$ 1.52	$ 1.43
Loss from discontinued operations per common share (in dollars per share)	(0.02)	(0.02)	(0.05)	(0.04)
Net earnings per common share - Basic (in dollars per share)	$ 0.78	$ 0.85	$ 1.47	$ 1.39
Diluted Net Earnings Per Common Share [Abstract]
Earnings from continuing operations	$ 18,261	$ 19,862	$ 34,628	$ 32,518
Loss from discontinued operations	(497)	(618)	(1,130)	(1,070)
Net earnings available to common stockholders	$ 17,764	$ 19,244	$ 33,498	$ 31,448
Weighted average common shares outstanding (in shares)	22,820,079	22,705,310	22,833,263	22,673,811
Plus incremental shares from assumed conversions [Abstract]
Dilutive effect of restricted stock and performance-based stock (in shares)	509,000	314,000	499,000	315,000
Weighted average common shares outstanding - Diluted (in shares)	23,329,082	23,018,730	23,332,480	22,988,502
Earnings from continuing operations per common share (in dollars per share)	$ 0.78	$ 0.86	$ 1.48	$ 1.41
Loss from discontinued operations per common share (in dollars per share)	(0.02)	(0.02)	(0.04)	(0.04)
Net earnings per common share - Diluted (in dollars per share)	$ 0.76	$ 0.84	$ 1.44	$ 1.37
Restricted and Performance-Based Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	228,000	338,000	240,000	341,000

Industry Segments (Details)

Industry Segments (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)Segment	Jun. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable operating segments | Segment				2
Net sales	[1]	$ 312,729	$ 288,977	$ 595,107	$ 527,888
Operating Income		29,669	31,844	55,188	51,863
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales		0	0	0	0
Engine Management [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Net sales	[1]	223,349	198,848	434,663	379,529
Operating Income		26,489	30,548	53,774	54,752
Engine Management [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales		5,831	5,817	13,143	10,689
Temperature Control [Member] | Reportable Segments [Member]
Segment Reporting Information [Line Items]
Net sales	[1]	87,391	87,503	157,681	144,269
Operating Income		8,262	5,647	12,229	7,814
Temperature Control [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales		2,095	2,121	4,124	3,715
All Other [Member]
Segment Reporting Information [Line Items]
Net sales	[1]	1,989	2,626	2,763	4,090
Operating Income		(5,082)	(4,351)	(10,815)	(10,703)
All Other [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales		$ (7,926)	$ (7,938)	$ (17,267)	$ (14,404)
[1]	Segment net sales includes intersegment sales in our Engine Management and Temperature Control segments.

Commitments and Contingencies50

Commitments and Contingencies (Details) $ in Thousands	3 Months Ended		6 Months Ended		190 Months Ended
	Jun. 30, 2017USD ($)Claim	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)Claim	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)Claim
Changes in product warranties [Roll forward]
Balance, beginning of period	$ 25,609	$ 26,404	$ 24,072	$ 23,395
Liabilities accrued for current year sales	25,693	25,418	51,423	47,999
Settlements of warranty claims	(26,774)	(24,876)	(50,967)	(44,448)
Balance, end of period	$ 24,528	$ 26,946	$ 24,528	$ 26,946	$ 24,528
Asbestos [Member]
Loss Contingencies [Line Items]
Pending claims, approximate number | Claim	1,595		1,595		1,595
Payment for settled claims					$ 22,100
Decrease from low end of range			$ (2,300)
Decrease from high end of range			(3,400)
Asbestos [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Range of possible loss	$ 31,000		31,000		31,000
Asbestos [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Range of possible loss	47,700		47,700		47,700
Asbestos [Member] | Discontinued Operations [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Range of possible loss	42,700		42,700		42,700
Asbestos [Member] | Discontinued Operations [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Range of possible loss	$ 78,600		$ 78,600		$ 78,600