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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:  
Cash and cash equivalents$ 14,898$ 12,135
Accounts receivable, less allowance for discounts and doubtful accounts of $7,036 and $6,779 for 2011 and 2010, respectively137,521104,986
Inventories, net233,995241,158
Deferred income taxes15,18418,135
Assets held for sale216216
Prepaid expenses and other current assets7,0858,076
Total current assets408,899384,706
Property, plant and equipment, net60,11460,666
Goodwill14,3041,437
Other intangibles, net16,47411,050
Deferred income taxes11,95621,347
Other assets11,99613,595
Total assets523,743492,801
CURRENT LIABILITIES:  
Notes payable41,79052,887
Current portion of long-term debt10712,402
Accounts payable68,06049,919
Sundry payables and accrued expenses35,58329,280
Accrued customer returns32,62623,207
Accrued rebates29,34423,668
Payroll and commissions24,07423,468
Total current liabilities231,584214,831
Long-term debt221307
Accrued postretirement benefits5,91821,044
Other accrued liabilities16,77921,944
Accrued asbestos liabilities26,24824,792
Total liabilities280,750282,918
Commitments and contingencies  
Stockholders' equity:  
Common stock - par value $2.00 per share: Authorized - 30,000,000 shares; issued 23,936,036 shares47,87247,872
Capital in excess of par value78,72377,471
Retained earnings125,83797,535
Accumulated other comprehensive income4,396716
Treasury stock - at cost 1,239,204 and 1,276,044 shares in 2011 and 2010, respectively(13,835)(13,711)
Total stockholders' equity242,993209,883
Total liabilities and stockholders' equity$ 523,743$ 492,801