XML 78 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 56.2 $ 44.4
Accounts receivable, less allowances for doubtful accounts of $4.7 million at June 30, 2013 and $3.6 million at December 31, 2012 172.4 161.3
Inventories, net 217.4 215.6
Deferred tax assets 19.8 19.8
Unbilled contract revenue 3.4 1.4
Other current assets 22.0 21.5
Total current assets 491.2 464.0
Property, plant and equipment:    
Land and land improvements 6.5 5.7
Buildings 57.5 56.0
Machinery and equipment 261.0 247.4
Total property, plant and equipment 325.0 309.1
Less accumulated depreciation 214.8 208.7
Net property, plant and equipment 110.2 100.4
Goodwill and other intangible assets, net 107.6 99.3
Other long-term assets 63.3 62.9
Total assets 772.3 726.6
Current liabilities:    
Trade accounts payable 118.3 102.1
Accrued expenses 77.5 83.3
Current portion of long-term debt 4.3 4.4
Current portion of other postretirement benefits 1.9 1.9
Total current liabilities 202.0 191.7
Long-term liabilities, less current portion:    
Senior Notes 250.0 250.0
Credit facility 134.7 120.6
Other long-term debt 3.5 3.6
Deferred tax liability 32.1 31.5
Other postretirement benefits and other long-term liabilities 27.5 27.4
Total long-term liabilities 447.8 433.1
Capital stock, par value $1 a share    
Serial preferred stock: Authorized -- 632,470 shares: Issued and outstanding -- none 0 0
Common stock: Authorized -- 40,000,000 shares; Issued -- 14,296,989 shares in 2013 and 14,109,255 in 2012 14.3 14.1
Additional paid-in capital 79.1 76.9
Retained earnings 64.5 42.2
Treasury stock, at cost, 1,915,593 shares in 2013 and 1,872,265 shares in 2012 (26.1) (24.6)
Accumulated other comprehensive loss (9.3) (6.8)
Total shareholders' equity 122.5 101.8
Total liabilities and shareholders' equity $ 772.3 $ 726.6