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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 91,973 $ 97,910
Receivables, less allowance for doubtful accounts of $715 in 2014 and $551 in 2013 53,241 50,279
Inventories 63,195 64,129
Insurance receivables - asbestos 19,000 24,500
Other current assets 12,192 9,968
Total current assets 239,601 246,786
Property, plant and equipment, net 151,398 151,288
Insurance receivables - asbestos 78,471 86,241
Deferred income tax assets 1,764 6,832
Investments in joint ventures 4,052 5,010
Other noncurrent assets 6,627 6,516
Total Assets 481,913 502,673
Current liabilities:    
Accounts payable 18,428 15,768
Accrued payrolls and employee benefits 9,469 8,875
Industrial Revenue Bond debt 13,311 13,311
Asbestos liability - current portion 23,000 27,000
Other current liabilities 19,501 21,720
Total current liabilities 83,709 86,674
Employee benefit obligations 41,484 49,146
Asbestos liability 118,659 131,293
Other noncurrent liabilities 515 565
Total liabilities 244,367 267,678
Commitments and contingent liabilities (Note 6)      
Shareholders' equity:    
Common stock - par value $1; authorized 20,000 shares; issued and outstanding 10,425 shares in 2014 and 10,373 shares outstanding in 2013 10,425 10,373
Additional paid-in capital 127,384 125,852
Retained earnings 139,869 144,635
Accumulated other comprehensive loss (40,132) (45,865)
Total shareholders' equity 237,546 234,995
Total Liabilities and Shareholders' Equity $ 481,913 $ 502,673