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Statements of Consolidated Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Statements of Consolidated Income [Abstract]        
Net sales $ 114,530 $ 82,137 $ 209,618 $ 151,045
Cost of products sold 77,824 54,682 140,521 103,565
GROSS PROFIT 36,706 27,455 69,097 47,480
Costs and expenses        
Selling 9,272 7,038 17,308 13,540
General and administrative 11,780 9,666 22,742 19,144
Research and engineering 3,215 2,700 6,577 5,559
Other operating (income) expense (694) 1,135 (788) 990
Total costs and expenses 23,573 20,539 45,839 39,233
OPERATING INCOME 13,133 6,916 23,258 8,247
Other income (expense)        
Interest income 140 94 291 177
Interest expense (266) (126) (477) (296)
Other income 43 409 227 760
Total other income (expense) (83) 377 41 641
INCOME BEFORE INCOME TAXES 13,050 7,293 23,299 8,888
Income taxes 4,520 1,197 7,915 1,758
NET INCOME 8,530 6,096 15,384 7,130
Net income (loss) attributable to noncontrolling interest, net of tax 144     (98)
NET INCOME ATTRIBUTABLE TO PLPC $ 8,386 $ 6,096 $ 15,384 $ 7,228
BASIC EARNINGS PER SHARE        
Net income attributable to PLPC common shareholders $ 1.59 $ 1.16 $ 2.92 $ 1.38
DILUTED EARNINGS PER SHARE        
Net income attributable to PLPC common shareholders $ 1.55 $ 1.13 $ 2.85 $ 1.34
Cash dividends declared per share $ 0.20 $ 0.20 $ 0.40 $ 0.40
Weighted-average number of shares outstanding - basic 5,263 5,253 5,268 5,253
Weighted-average number of shares outstanding - diluted 5,393 5,402 5,390 5,401