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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income from continuing operations $ 10,497 $ 12,208
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Deferred income taxes (419) (444)
Depreciation and amortization 5,988 4,741
Equity in income of nonconsolidated investment (346) (596)
Loss on sales and disposals of property, plant, and equipment 12 49
Share-based compensation 1,799 1,091
Excess tax benefit from share-based compensation (283) (133)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable 4,184 (19,700)
Inventories (7,595) 7,994
Other current assets (1,799) (840)
Prepaid income tax 3,035 (2,711)
Other noncurrent assets 107 148
Dividends from LB Pipe & Coupling Products, LLC 540 468
Accounts payable 13,091 2,214
Deferred revenue 2,560 2,483
Accrued payroll and employee benefits (1,857) (2,766)
Other current liabilities 2,005 (4,274)
Other liabilities 60 (454)
Net cash provided (used) by continuing operating activities 31,579 (522)
Net cash provided by discontinued operations 109 229
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from the sale of property, plant, and equipment 184  
Capital expenditures on property, plant and equipment (7,682) (3,126)
Acquisition of business (495)  
Net cash used by continuing investing activities (7,993) (3,126)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of other long-term debt (54) (24)
Proceeds from other long-term debt 316  
Proceeds from exercise of stock options and stock awards 131  
Treasury stock acquisitions (918) (610)
Cash dividends on common stock paid to shareholders (620) (620)
Excess income tax benefit from share-based compensation 283 133
Net cash used by continuing financing activities (862) (1,121)
Effect of exchange rate changes on cash and cash equivalents 99 (2,246)
Net increase (decrease) in cash and cash equivalents 22,932 (6,786)
Cash and cash equivalents at beginning of period 64,623 101,464
Cash and cash equivalents at end of period 87,555 94,678
Supplemental Disclosure of Cash Flow Information:    
Interest paid 177 175
Income taxes paid $ 2,954 $ 8,558