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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 57,234 $ 53,629
Receivables (net of allowance of $1,495 and $1,675) 85,739 96,674
Revenue recognized in excess of billings on uncompleted contracts 8,430 9,156
Inventories 114,416 110,364
Deferred income taxes - current 22,205 22,537
Other current assets 12,534 15,365
Total current assets 300,558 307,725
Property, plant and equipment, net 307,268 311,019
Intangibles, net 5,044 5,961
Goodwill 25,454 25,777
Deferred income taxes - long-term 2,678 2,816
Other assets 3,502 3,220
Total assets 644,504 656,518
Current liabilities:    
Accounts payable and accrued liabilities 47,828 53,716
Billings in excess of revenue recognized on uncompleted contracts 3,919 3,581
Payroll and benefits payable 11,067 13,753
Accrued income taxes 1,211 2,091
Current portion of long-term debt 7,500 7,500
Total current liabilities 71,525 80,641
Long-term debt 94,794 103,941
Deferred income taxes - long-term 40,246 41,383
Accrued pension and other liabilities 36,161 36,562
Total liabilities 242,726 262,527
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common stock, $.01 par value, 100,000,000 shares authorized, 57,786,052 and 57,646,683 shares issued 578 576
Additional paid-in capital 184,981 181,713
Retained earnings 410,781 398,627
Treasury stock, at cost, 10,780,813 and 10,232,612 shares (153,939) (145,295)
Accumulated other comprehensive loss (40,623) (41,630)
Total stockholders' equity 401,778 393,991
Total liabilities and stockholders' equity $ 644,504 $ 656,518