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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 33,184 $ 21,607
Accounts receivable, less allowances of $3,489 and $3,529 151,993 138,311
Inventories, principally on last-in first-out basis (replacement cost higher by $137,147 and $139,940) 246,862 303,772
Prepaid expenses and other current assets 11,562 11,369
Deferred income taxes 11,947 3,723
Income tax receivable 8,332 7,596
Total current assets 463,880 486,378
Investment in joint venture 38,727 38,854
Goodwill 69,513 70,300
Intangible assets 75,603 82,477
Prepaid pension cost 14,198 12,891
Other assets 18,508 18,266
Property, plant and equipment    
Land 4,922 5,195
Building 52,912 52,884
Machinery and equipment 175,424 178,664
Property, plant and equipment, at cost 233,258 236,743
Less - accumulated depreciation (156,918) (157,103)
Property, plant and equipment, net 76,340 79,640
Total assets 756,769 788,806
Current liabilities    
Accounts payable 87,205 67,990
Accrued liabilities 37,814 36,564
Income taxes payable 960 1,563
Current portion of long-term debt 398 415
Short-term debt 0 500
Total current liabilities 126,377 107,032
Long-term debt, less current portion 258,366 296,154
Deferred income taxes 31,104 32,350
Other non-current liabilities 6,808 5,279
Pension and post retirement benefit obligations 10,835 10,651
Commitments and contingencies      
Stockholders’ equity    
Preferred stock, $0.01 par value—9,988 shares authorized (including 400 Series B Junior Preferred $0.00 par value shares); no shares issued and outstanding at June 30, 2013 and December 31, 2012 0 0
Common stock, $0.01 par value—60,000 shares authorized and 23,452 shares issued and 23,350 outstanding at June 30, 2013 and 23,211 shares issued and 23,152 outstanding at December 31, 2012 234 232
Additional paid-in capital 222,597 219,619
Retained earnings 124,818 139,239
Accumulated other comprehensive loss (22,881) (21,071)
Treasury stock, at cost—102 shares at June 30, 2013 and 59 shares at December 31, 2012 (1,489) (679)
Total stockholders’ equity 323,279 337,340
Total liabilities and stockholders’ equity $ 756,769 $ 788,806