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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 21,607 $ 30,524
Accounts receivable, less allowances of $3,529 and $3,584 138,311 181,036
Inventories, principally on last-in first-out basis (replacement cost higher by $139,940 and $138,882) 303,772 272,039
Prepaid expenses and other current assets 15,092 10,382
Income tax receivable 7,596 8,287
Total current assets 486,378 502,268
Investment in joint venture 38,854 36,460
Goodwill 70,300 69,901
Intangible assets 82,477 93,813
Prepaid pension cost 12,891 15,956
Other assets 18,266 21,784
Property, plant and equipment, at cost    
Land 5,195 5,194
Building 52,884 52,434
Machinery and equipment 178,664 172,833
Property, plant and equipment, at cost 236,743 230,461
Less—accumulated depreciation (157,103) (148,320)
Property, plant and equipment, net 79,640 82,141
Total assets 788,806 822,323
Current liabilities    
Accounts payable 67,990 116,874
Accrued payroll and employee benefits 11,749 14,792
Accrued liabilities 24,815 19,036
Income taxes payable 1,563 1,884
Current portion of long-term debt 415 192
Total short-term debt 500 500
Total current liabilities 107,032 153,278
Long-term debt, less current portion 296,154 314,240
Deferred income taxes 32,350 25,650
Other non-current liabilities 5,279 7,252
Pension and post retirement benefit obligations 10,651 9,624
Commitments and contingencies      
Stockholders’ equity    
Preferred stock, $0.01 par value—9,988 shares authorized (including 400 Series B Junior Preferred $0.00 par value shares); no shares issued and outstanding at December 31, 2012 and December 31, 2011 0 0
Common stock, $0.01 par value—60,000 shares authorized and 23,211 shares issued and 23,152 outstanding at December 31, 2012; 30,000 shares authorized and 23,159 shares issued and 23,010 outstanding at December 31, 2011 232 232
Additional paid-in capital 219,619 184,596
Retained earnings 139,239 148,987
Accumulated other comprehensive loss (21,071) (19,824)
Treasury stock, at cost—59 shares at December 31, 2012 and 149 shares at December 31, 2011 (679) (1,712)
Total stockholders’ equity 337,340 312,279
Total liabilities and stockholders’ equity $ 788,806 $ 822,323