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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 $ 78,889 $ 69,888
Receivables, less allowance for doubtful accounts of $519 in 2012 and $141 in 2011 54,394 59,211
Inventories 70,669 68,544
Insurance receivables - asbestos 18,400 18,000
Other current assets 15,230 12,888
Total current assets 237,582 228,531
Property, plant and equipment, net 150,297 150,240
Insurance receivables - asbestos 99,715 108,419
Deferred income tax assets 25,800 23,638
Investments in joint ventures 13,319 14,872
Other noncurrent assets 6,466 5,932
Total Assets 533,179 531,632
Current liabilities:    
Accounts payable 15,839 19,528
Accrued payrolls and employee benefits 9,301 10,983
Industrial Revenue Bond debt 13,311 13,311
Asbestos liability - current portion 23,500 25,000
Other current liabilities 24,473 20,337
Total current liabilities 86,424 89,159
Employee benefit obligations 96,100 75,257
Asbestos liability 157,522 172,872
Other noncurrent liabilities 1,040 1,472
Total liabilities 341,086 338,760
Commitments and contingent liabilities (Note 8)      
Shareholders' equity:    
Common stock - par value $1; authorized 20,000 shares; issued and outstanding 10,346 shares in 2012 and 10,326 shares in 2011 10,346 10,326
Additional paid-in capital 124,464 123,088
Retained earnings 139,658 138,748
Accumulated other comprehensive loss (82,375) (79,290)
Total shareholders' equity 192,093 192,872
Total Liabilities and Shareholders' Equity $ 533,179 $ 531,632