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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 17,076 $ 30,829
Accounts receivable, less allowances of $3,601 and $3,463 146,068 128,544
Inventories, principally on last-in first-out basis (replacement cost higher by $129,628 and $130,854) 222,194 214,900
Prepaid expenses and other current assets 13,304 9,927
Deferred income taxes 2,019 3,242
Income tax receivable 3,713 3,249
Total current assets 404,374 390,691
Investment in joint venture 44,495 41,879
Goodwill 12,973 69,289
Intangible assets 63,576 69,489
Prepaid pension cost 17,001 16,515
Other assets 13,793 15,265
Property, plant and equipment    
Land 4,917 4,917
Buildings 54,391 53,252
Machinery and equipment 183,708 179,632
Property, plant and equipment, at cost 243,016 237,801
Less - accumulated depreciation (168,464) (161,107)
Property, plant and equipment, net 74,552 76,694
Total assets 630,764 679,822
Current liabilities    
Accounts payable 89,436 69,577
Accrued liabilities 31,474 30,007
Income taxes payable 169 1,360
Current portion of long-term debt 397 397
Total current liabilities 121,476 101,341
Long-term debt, less current portion 270,473 245,599
Deferred income taxes 4,365 10,733
Other non-current liabilities 4,526 5,646
Pension and post retirement benefit obligations 6,473 6,609
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 June 30, 2014 and December 31, 2013 0 0
Common stock, $0.01 par value—60,000 shares authorized and 23,610 shares issued and 23,493 outstanding at June 30, 2014 and 23,471 shares issued and 23,409 outstanding at December 31, 2013 236 234
Additional paid-in capital 225,365 223,893
Retained earnings 16,981 105,277
Accumulated other comprehensive loss (17,610) (18,743)
Treasury stock, at cost—117 shares at June 30, 2014 and 62 shares at December 31, 2013 (1,521) (767)
Total stockholders’ equity 223,451 309,894
Total liabilities and stockholders’ equity $ 630,764 $ 679,822