XML 66 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 97,910 $ 78,889
Receivables, less allowance for doubtful accounts of $551 in 2013 and $519 in 2012 50,279 54,394
Inventories 64,129 70,669
Insurance receivable - asbestos 24,500 18,400
Other current assets 9,968 15,230
Total current assets 246,786 237,582
Property, plant and equipment, net 151,288 150,297
Insurance receivable - asbestos 86,241 99,715
Deferred income tax assets 6,832 25,800
Investments in joint ventures 5,010 13,319
Other noncurrent assets 6,516 6,466
Total Assets 502,673 533,179
Current liabilities:    
Accounts payable 15,768 15,839
Accrued payrolls and employee benefits 8,875 9,301
Industrial Revenue Bond debt 13,311 13,311
Asbestos liability - current portion 27,000 23,500
Other current liabilities 21,720 24,473
Total current liabilities 86,674 86,424
Employee benefit obligations 49,146 96,100
Asbestos liability 131,293 157,522
Other noncurrent liabilities 565 1,040
Total liabilities 267,678 341,086
Commitments and contingent liabilities (Note 8)      
Shareholders' equity:    
Common stock - par value $1; authorized 20,000 shares; issued and outstanding 10,373 shares in 2013 and 10,346 shares in 2012 10,373 10,346
Additional paid-in capital 125,852 124,464
Retained earnings 144,635 139,658
Accumulated other comprehensive loss (45,865) (82,375)
Total shareholders' equity 234,995 192,093
Total Liabilities and Shareholders' Equity $ 502,673 $ 533,179