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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 25,708 $ 30,829
Accounts receivable, less allowances of $3,515 and $3,463 145,911 128,544
Inventories, principally on last-in first-out basis (replacement cost higher by $129,638 and $130,854) 213,846 214,900
Prepaid expenses and other current assets 11,293 9,927
Deferred income taxes 1,924 3,242
Income tax receivable 3,694 3,249
Total current assets 402,376 390,691
Investment in joint venture 43,179 41,879
Goodwill 68,754 69,289
Intangible assets 65,968 69,489
Prepaid pension cost 16,758 16,515
Other assets 14,529 15,265
Property, plant and equipment    
Land 4,915 4,917
Buildings 54,160 53,252
Machinery and equipment 181,270 179,632
Property, plant and equipment, at cost 240,345 237,801
Less - accumulated depreciation (165,131) (161,107)
Property, plant and equipment, net 75,214 76,694
Total assets 686,778 679,822
Current liabilities    
Accounts payable 88,274 69,577
Accrued liabilities 34,727 30,007
Income taxes payable 1,187 1,360
Current portion of long-term debt 396 397
Total current liabilities 124,584 101,341
Long-term debt, less current portion 246,601 245,599
Deferred income taxes 10,149 10,733
Other non-current liabilities 5,184 5,646
Pension and post retirement benefit obligations 6,543 6,609
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 March 31, 2014 and December 31, 2013 0 0
Common stock, $0.01 par value—60,000 shares authorized and 23,567 shares issued and 23,439 outstanding at March 31, 2014 and 23,471 shares issued and 23,409 outstanding at December 31, 2013 235 234
Additional paid-in capital 224,787 223,893
Retained earnings 89,279 105,277
Accumulated other comprehensive loss (18,905) (18,743)
Treasury stock, at cost—128 shares at March 31, 2014 and 62 shares at December 31, 2013 (1,679) (767)
Total stockholders’ equity 293,717 309,894
Total liabilities and stockholders’ equity $ 686,778 $ 679,822