10-Q

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 10-Q

þ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, 2012

OR

o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission File Number 1-8524

Myers Industries, Inc.

(Exact name of registrant as specified in its charter)

Ohio	34-0778636
(State or other jurisdiction of	(IRS Employer Identification
incorporation or organization)	Number)
1293 South Main Street
Akron, Ohio	44301
(Address of principal executive offices)	(Zip code)

(330) 253-5592

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d)of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. YesþNoo.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o Accelerated filer þ Non-accelerated filer o Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ.

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding as of October 25, 2012
Common Stock, without par value	33,754,516 shares

Table of Contents

Part I — Financial Information
Item 1. Financial Statements
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)	1
Condensed Consolidated Statements of Financial Position	1
Condensed Consolidated Statements of Cash Flows (Unaudited)	2
Condensed Consolidated Statement of Shareholders’ Equity (Unaudited)	2
Notes to Unaudited Condensed Consolidated Financial Statements	3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	5
Item 3. Quantitative and Qualitative Disclosure About Market Risk	9
Item 4. Controls and Procedures	10
Part II — Other Information
Item 1. Legal Proceedings	11
Item 6. Exhibits	11
Signature	11
Exhibit 21
Exhibit 31(a)
Exhibit 31(b)
Exhibit 32
EX-101 INSTANCE DOCUMENT
EX-101 SCHEMA DOCUMENT
EX-101 CALCULATION LINKBASE DOCUMENT
EX-101 LABELS LINKBASE DOCUMENT
EX-101 PRESENTATION LINKBASE DOCUMENT
EX-101 DEFINITION LINKBASE DOCUMENT

Part I — Financial Information

Item 1. Financial Statements

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)

For the Three and Nine Months Ended September 30, 2012 and 2011

(Dollars in thousands, except per share data)

	For the Three Months Ended					For the Nine Months Ended
	September 30, 2012		September 30, 2011			September 30, 2012		September 30, 2011
Net sales	$	197,290	$	190,332		$	577,180	$	563,105
Cost of sales	144,561		142,543			419,089		416,732
Gross profit	52,729		47,789			158,091		146,373
Selling, general and administrative expenses	42,957		40,530			121,210		118,072
Operating income	9,772		7,259			36,881		28,301
Interest expense, net	1,194		1,264			3,328		3,655
Income before income taxes	8,578		5,995			33,553		24,646
Income tax expense (benefit)	2,782		(1,219		)	12,112		6,055
Net income	$	5,796	$	7,214		$	21,441	$	18,591
Comprehensive income	$	8,722	$	1,037		$	25,772	$	15,048
Income per common share:
Basic	$	0.17	$	0.21		$	0.64	$	0.53
Diluted	$	0.17	$	0.21		$	0.63	$	0.53
Dividends declared per share	$	0.08	$	0.07		$	0.24	$	0.21

See notes to unaudited condensed consolidated financial statements.

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Financial Position

(Dollars in thousands)

Assets	September 30, 2012			December 31, 2011
	(Unaudited)
Current Assets
Cash	$	6,468		$	6,801
Accounts receivable-less allowances of $2,913 and $3,863, respectively	111,967			105,830
Inventories
Finished and in-process products	82,084			67,721
Raw materials and supplies	38,388			27,496
	120,472			95,217
Prepaid expenses	9,443			5,415
Deferred income taxes	5,371			5,189
Total Current Assets	253,721			218,452
Other Assets
Goodwill	53,645			44,666
Patents and other intangible assets	21,366			17,267
Other	7,689			7,438
	82,700			69,371
Property, Plant and Equipment, at Cost
Land	4,528			4,540
Buildings and leasehold improvements	57,738			58,299
Machinery and equipment	434,380			412,704
	496,646			475,543
Less allowances for depreciation and amortization	(350,942		)	(334,609		)
Property, plant and equipment, net	145,704			140,934
	$	482,125		$	428,757

See notes to unaudited condensed consolidated financial statements.

Part I — Financial Information

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Financial Position

(Dollars in thousands, except share data)

Liabilities and Shareholders’ Equity	September 30, 2012			December 31, 2011
	(Unaudited)
Current Liabilities
Accounts payable	$	68,313		$	64,717
Accrued expenses
Employee compensation	17,911			20,566
Income taxes	62			3,379
Taxes, other than income taxes	5,978			2,729
Accrued interest	770			161
Other	19,205			18,799
Current portion of long-term debt	305			305
Total Current Liabilities	112,544			110,656
Long-term debt, less current portion	96,380			73,725
Other liabilities	16,041			14,343
Deferred income taxes	28,070			23,893
Shareholders’ Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	—			—
Common Shares, without par value (authorized 60,000,000 shares; outstanding 33,752,703 and 33,420,488; net of treasury shares of 4,067,754 and 4,492,169, respectively)	20,483			20,312
Additional paid-in capital	270,039			265,000
Accumulated other comprehensive income	11,625			7,294
Retained deficit	(73,057		)	(86,466		)
Total Shareholders' Equity	229,090			206,140
Total Liabilities and Shareholders' Equity	$	482,125		$	428,757

See notes to unaudited condensed consolidated financial statements.

1

Part I — Financial Information

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)

For the Nine Months Ended September 30, 2012 and 2011

(Dollars in thousands)

	September 30, 2012			September 30, 2011
Cash Flows From Operating Activities
Net income	$	21,441		$	18,591
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	22,287			24,102
Impairment charges and asset write-offs	—			814
Amortization of intangible assets	2,331			2,210
Non-cash stock compensation	2,134			2,151
Payments for long-term incentive compensation	(333		)	—
(Recovery of) provision for loss on accounts receivable	(1,019		)	1,179
Deferred taxes	428			635
Other long-term liabilities	2,037			3,015
Gain on sale of property, plant and equipment	(628		)	(591		)
Other	50			50
Cash flow provided by (used for) working capital:
Accounts receivable	664			(5,024		)
Inventories	(18,611		)	(8,759		)
Prepaid expenses	(2,563		)	2,294
Accounts payable and accrued expenses	(4,877		)	(422		)
Net cash provided by operating activities	23,341			40,245
Cash Flows From Investing Activities
Additions to property, plant and equipment	(15,236		)	(13,337		)
Acquisition of business, net of cash acquired	(3,430		)	(1,100		)
Proceeds from sale of property, plant and equipment	1,975			1,082
Other	100			(92		)
Net cash used for investing activities	(16,591		)	(13,447		)
Cash Flows From Financing Activities
Repayment of long-term debt	(26,333		)	(305		)
Net borrowing on credit facility	20,410			(2,907		)
Cash dividends paid	(7,642		)	(7,163		)
Proceeds from issuance of common stock	3,026			173
Repurchase of common stock	—			(18,821		)
Net cash used for financing activities	(10,539		)	(29,023		)
Foreign Exchange Rate Effect on Cash	3,456			371
Net decrease in cash	(333		)	(1,854		)
Cash at January 1	6,801			4,705
Cash at September 30	$	6,468		$	2,851

See notes to unaudited condensed consolidated financial statements.

Part I — Financial Information

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Condensed Consolidated Statement of Shareholders’ Equity (Unaudited)

For the Nine Months Ended September 30, 2012

(Dollars in thousands, except per share data)

	Common Stock		Additional Paid-In Capital		Accumulative Other Comprehensive Income		Retained Income (Deficit)
Balance at January 1, 2012	$	20,312	$	265,000	$	7,294	$	(86,466	)
Net income	—		—		—		21,441
Other comprehensive income	—		—		4,331		—
Common stock issued	169		2,857		—		—
Stock based compensation	—		2,134		—		—
Stock contribution	2		48		—		—
Dividends declared — $.24 per share	—		—		—		(8,032		)
Balance at September 30, 2012	$	20,483	$	270,039	$	11,625	$	(73,057	)

See notes to unaudited condensed consolidated financial statements.

2

Part 1 - Financial Information

Myers Industries, Inc. and Subsidiaries

Notes to Unaudited Condensed Consolidated Financial Statements

(Dollar amounts in thousands, except where otherwise indicated)

Statement of Accounting Policy

The accompanying unaudited condensed consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”), and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s latest annual report on Form 10-K.

In the opinion of the Company, the accompanying financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of September 30, 2012, and the results of operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of the results of operations that will occur for the year ending December 31, 2012.

Reclassification

Certain prior year amounts in the accompanying condensed consolidated financial statements have been reclassified to conform to the current year’s presentation.

Recent Accounting Pronouncements

In July 2012, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2012-02, Intangibles-Goodwill and Other (Topic 350) which simplifies the impairment test for indefinite-lived intangible assets other than goodwill. ASU No. 2012-02 gives the option to first assess qualitative factors to determine if it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative valuation test. ASU No. 2012-02 is effective for fiscal years and interim periods beginning on or after September 15, 2012. The Company conducts its annual impairment assessment as of October 1, which will include adoption of this guidance. The Company does not anticipate that this will have a significant impact on our financial position, results of operations or cash flows.

In June 2011, the  FASB issued ASU No. 2011-05, Comprehensive Income (Topic 220) — Presentation of Comprehensive Income. ASU No. 2011-05 requires companies to present the components of net income and other comprehensive income either as one continuous statement or two separate but consecutive statements. The update eliminates the option to report other comprehensive income and its components in the statement of changes in equity. ASU No. 2011-05 was effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of this guidance on January 1, 2012 did not have a material impact on the Company’s consolidated financial statements as this guidance modifies presentation of other comprehensive income already disclosed in the financial statements.

Translation of Foreign Currencies

All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income as a separate component of shareholders' equity.

Fair Value Measurement

The Company follows guidance included in ASC 820, Fair Value Measurements and Disclosures, for its financial assets and liabilities, as required. The guidance established a common definition for fair value to be applied to U.S. GAAP requiring the use of fair value, established a framework for measuring fair value, and expanded disclosure requirements about such fair value measurements. The guidance did not require any new fair value measurements, but rather applied to all other accounting pronouncements that require or permit fair value measurements. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly.

Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions.

The fair value of the Company’s cash, accounts receivable, accounts payable and accrued expenses are considered to have a fair value which approximates carrying value due to the nature and relative short maturity of these assets and liabilities.

The fair value of debt under the Company’s Credit Agreement approximates carrying value due to the floating interest rates and relative short maturity (less than 90 days) of the revolving borrowings under this agreement. The fair value of the Company’s $35.0 million fixed rate senior notes was estimated at $36.8 million at September 30, 2012 using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered level 2 inputs.

Revenue Recognition

The Company recognizes revenues from the sale of products, net of actual and estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.

Accumulated Other Comprehensive Income

The balances in the Company's accumulated other comprehensive income as of September 30, 2012 and September 30, 2011 are as follows:

							Accumulated
				Defined			other
	Foreign			benefit			comprehensive
	currency			pension plan			income
Balance at January 1, 2011	$	12,234		$	(2,070	)	$	10,164
Current-period other comprehensive income	1,810			—			1,810
Balance at March 31, 2011	$	14,044		$	(2,070	)	$	11,974
Current-period other comprehensive income	824			—			824
Balance at June 30, 2011	$	14,868		$	(2,070	)	$	12,798
Current-period other comprehensive income	(6,177		)	—			(6,177		)
Balance at September 30, 2011	$	8,691		$	(2,070	)	$	6,621
Balance at January 1, 2012	$	9,994		$	(2,700	)	$	7,294
Current-period other comprehensive income	1,385			—			1,385
Tax effect of pension liability from prior periods	—			632			632
Balance at March 31, 2012	$	11,379		$	(2,068	)	$	9,311
Current-period other comprehensive income	(612		)	—			(612		)
Balance at June 30, 2012	$	10,767		$	(2,068	)	$	8,699
Current-period other comprehensive income	2,926			—			2,926
Balance at September 30, 2012	$	13,693		$	(2,068	)	$	11,625

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.

Inventories

Approximately twenty percent of the Company’s inventories use the last in first out (LIFO) method of determining cost. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must necessarily be based on management’s estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management’s control, estimated interim results are subject to change in the final year-end LIFO inventory valuation and were immaterial, no adjustment was recorded as of an interim period.

Acquisitions

In July 2012, the Company acquired 100% of the stock of Plasticos Novel do Nordeste S.A. ("Novel"), a Brazil-based designer and manufacturer of reusable plastic crates and containers used for closed-loop shipping and storage. Novel also produces a diverse range of plastic industrial safety products. The total purchase price was approximately $31.0 million, which includes a cash payment of $3.4 million, net of $0.6 million of cash acquired, assumed debt of approximately $26.0 million and contingent consideration of $0.9 million based on an earnout. The contingent consideration is contingent upon the results of Novel exceeding predefined earnings before interest, taxes, depreciation and amortization over the next four years.

The operating results of the business acquired have been included in our Material Handling Segment since the date of acquisition. Had this acquisition occurred as of the beginning of the periods presented in these condensed consolidated financial statements, the pro-forma statements of income would not be materially different than the condensed consolidated statements presented. The preliminary allocation of the purchase price and the estimated non-deductible goodwill and other intangibles are as follows:     

3

Part 1 - Financial Information

Myers Industries, Inc. and Subsidiaries

Notes to Unaudited Condensed Consolidated Financial Statements

(Dollar amounts in thousands, except where otherwise indicated)

Preliminary allocation of purchase price
(dollars in thousands)
Assets acquired:
Cash	$	630
Accounts receivable	$	5,467
Inventory	5,993
Property, plant and equipment	13,636
Intangibles	5,790
Deferred tax assets	435
Prepaid assets	1,451
Other	719
Assets acquired, less cash	$	33,491
Liabilities assumed:
Accounts payable and accruals	$	(3,134	)
Other taxes	(3,608		)
Other long-term liabilities	(2,293		)
Debt	(26,028		)
Deferred tax liabilities	(3,804		)
	$	(38,866	)
Goodwill	8,805
Total consideration, less cash acquired	$	3,430

These assets and liabilities are recorded at fair value as of the date of acquisition using primarily level 3 fair value inputs. Intangible assets included in the acquisition of Novel include trade name of $1.6 million, know-how of $1.8 million and customer relationships of $2.4 million. The know-how and customer relationships are subject to amortization and have estimated useful lives of 10 and 6 years, respectively. The Novel trade name has an indefinite life and will be subject to evaluation for impairment. The Company is awaiting final valuation studies to complete the purchase price allocation.

On October 1, 2012, the Company acquired 100% of the stock of Jamco Products Inc. ("Jamco"), an Illinois corporation for $15.0 million, subject to closing adjustments. Jamco is a leading designer and manufacturer of heavy-duty industrial steel carts and safety cabinets. The business will be included in the Material Handling Segment. The Company has just begun the purchase price allocation determination.

In July 2011, the Company acquired tooling assets and intellectual property for a new reusable plastic container used in producing, shipping and processing bulk natural cheese from Material Improvements L.P. The total purchase price was $5.7 million, comprised of a $1.1 million cash payment and $4.6 million contingent consideration, none of which has been paid as of September 30, 2012. The allocation of purchase price included $0.3 million of property, plant and equipment, amortizable intangible assets, which included $1.3 million in technology and $0.2 million for trade name, and $3.9 million in goodwill. These assets and liabilities incurred were recorded at estimated fair value as of the date of the acquisition using primarily level 3 inputs. The operating results of the business acquired have been included in our Material Handling Segment since the date of acquisition.

Goodwill

The Company is required to test for impairment on at least an annual basis. In addition, the Company tests for impairment whenever events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. Such events may include, but are not limited to, significant changes in economic and competitive conditions, the impact of the economic environment on the Company's customer base or its businesses, or a material negative change in its relationships with significant customers. The Company conducts its annual impairment assessment as of October 1.

In September 2011, the FASB issued ASU No. 2011-08, Intangibles - Goodwill and Other (Topic 350), effective for fiscal years beginning after December 15, 2011. The update gives companies the option to perform a qualitative assessment that may enable them to forgo the annual two-step test for impairment. ASU No. 2011-08 allows a qualitative assessment to first be performed to determine whether it is more likely than not that the fair value of a reporting units is less than its carrying value. If a company concludes that this is the case, it must perform the two-step test. Otherwise a company does not have to perform the two-step test. The ASU also includes a revised list of events and circumstances to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company conducts its annual impairment assessment as of October 1, which includes adoption of this guidance.

The change in goodwill for the nine months ended September 30, 2012 was as follows:

(In thousands) Segment	Balance at January 1, 2012		Acquisitions		Foreign Currency Translation			Impairment		Balance at September 30, 2012
Distribution	$	214	$	—	$	—		$	—	$	214
Engineered Products	707		—		—			—		707
Material Handling	34,279		8,805		(24		)	—		43,060
Lawn and Garden	9,466		—		198			—		9,664
Total	$	44,666	$	8,805	$	174		$	—	$	53,645

Net Income Per Common Share

Net income per common share, as shown on the Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the period as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2012	2011	2012	2011
Weighted average common shares outstanding
Basic	33,746,824	34,354,210	33,592,984	34,938,806
Dilutive effect of stock options and restricted stock	664,830	106,742	663,469	89,607
Weighted average common shares outstanding diluted	34,411,654	34,460,952	34,256,453	35,028,413

Options to purchase 212,000 shares of common stock that were outstanding for both the three month period and nine month period ended September 30, 2012, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and their effect would be anti-dilutive. Options to purchase 692,810 and 1,159,679 shares of common stock that were outstanding for the three and nine months ended September 30, 2011, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and their effect would be anti-dilutive.

Supplemental Disclosure of Cash Flow Information

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2012		2011		2012		2011
Interest paid	$	491	$	441	$	2,399	$	2,498
Income taxes paid	$	3,183	$	1,576	$	16,465	$	7,855

Restructuring

During the nine months ended September 30, 2012 and 2011, the Company recorded total expenses of $2.2 million and $1.3 million, respectively, for costs associated with restructuring plans including impairment of property, plant and equipment, lease obligations, severance, consulting and other related charges. Gains on the sale of facilities were approximately $0.4 million and $0.5 million for the nine months ended September 30, 2012 and 2011, respectively. Estimated lease obligations associated with closed facilities were based on level 2 inputs.

In the three and nine months ended September 30, 2012, the Company recorded net expenses of $0.1 million and $0.8 million, respectively, in selling, general and administrative ("SG&A") expenses and $0.8 million and $1.0 million, respectively, in cost of goods sold for costs associated with restructuring plans including non-cancelable lease obligations, severance, consulting and other related charges.

In the three months ended September 30, 2012, restructuring costs included charges of $0.2 million in the Distribution Segment related to severance and consulting costs offset by a gain of $0.1 million on the sale of one facility. Restructuring charges of $0.8 million related to lease termination charges were recorded in the Engineered Products Segment.

In the nine months ended September 30, 2012, net restructuring costs of $0.3 million were recorded in the Distribution Segment. These costs were related to charges for severance of $0.4 million and consulting and other related charges of $0.3 million offset by a gain of $0.4 million on the sale of four facilities. In the Engineered Products Segment, restructuring charges of $1.0 million were recorded for the nine month period ended September 30, 2012 related to non-cancelable lease costs and termination charges. The Lawn and Garden Segment had $0.5 million of restructuring charges through the first nine months of 2012 for severance costs incurred.

In the three and nine months ended September 30, 2011, the Company recorded expenses of $(0.4) million and $1.3 million, respectively, related to restructuring activities. Restructuring costs in the three months ended September 30, 2011 included charges of $0.5 million in the Distribution Segment related to severance and non-cancelable lease costs offset by a gain of $0.5 million on the sale of a facility. In addition, $0.1 million of restructuring charges were recorded in the Engineered Products Segment. In the nine months ended September 30, 2011, net restructuring costs of $0.7 million in the Distribution Segment related to charges of $1.2 million offset by a gain of $0.5 million from a sale of a facility and a $0.3 million write-down for an idle Lawn and Garden manufacturing facility in the first quarter. In the Engineered Products Segment, restructuring charges of $0.3 million were recorded for the nine month period ended September 30, 2011 related to non-cancelable lease costs.

The amounts for severance and other exit costs associated with restructuring are included in Other Accrued expenses on the accompanying Condensed Consolidated Statements of Financial Position.

	Severance and			Other
(Dollars in thousands)	Personnel			Exit Costs			Total
Balance at January 1, 2012	$	—		$	605		$	605
Provision	783			1,323			2,106
Less: Payments	(783		)	(728		)	(1,511		)
Balance at September 30, 2012	$	—		$	1,200		$	1,200

As a result of restructuring activity including plant closures, approximately $5.7 million of property, plant, and equipment has been classified as held for sale at both September 30, 2012 and December 31, 2011, and is included in other assets in the Condensed Consolidated Statements of Financial Position. The Company is actively pursuing the sale of these facilities.

Stock Compensation

The Company’s 2008 Incentive Stock Plan (the “2008 Plan”) authorizes the Compensation Committee of the Board of Directors to issue up to 3,000,000 shares of various types of stock based awards including stock options, restricted stock and stock appreciation rights to key employees and directors. In general, options granted and outstanding vest over a three year period and expire ten years from the date of grant.

Stock compensation expense reduced income before taxes approximately $0.6 million and $0.5 million for the three months ended September 30, 2012 and 2011, respectively. Stock compensation expense reduced income before taxes approximately $2.1 million and $2.2 million for the nine month periods ended September 30, 2012 and 2011, respectively. These expenses are included in SG&A expenses in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited). Total unrecognized compensation cost related to non-vested share based compensation arrangements at September 30, 2012 was approximately $4.6 million which will be recognized over the next three years, as such compensation is earned.

On March 2, 2012, stock options for 323,950 shares were granted with a three year vesting period. The fair value of options granted is estimated using a binomial lattice option pricing model based on assumptions set forth in the following table. The Company uses historical data to estimate employee exercise and departure behavior. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant and through the expected term. The dividend yield rate is based on the Company’s historical dividend yield. The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole.

Model
Risk free interest rate	2.00		%
Expected dividend yield	2.20		%
Expected life of award (years)	5.4
Expected volatility	50.00		%
Fair value per option share	$	4.93

The following table provides a summary of stock option activity for the period ended September 30, 2012:

	Shares		Average Exercise Price		Weighted Average Life
Outstanding at January 1, 2012	1,997,778		$	11.33
Options Granted	323,950		12.96
Options Exercised	(281,324	)	11.07
Cancelled or Forfeited	(25,199	)	11.05
Outstanding at September 30, 2012	2,015,205		$	11.61	6.59 years
Exercisable at September 30, 2012	1,363,466		$	11.62

The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The total intrinsic value of all stock options exercised during the nine months ended September 30, 2012 and 2011 was approximately $1.5 million and $16 thousand, respectively.

On March 2, 2012, 90,495 shares of restricted stock were granted with a three year vesting period. The restricted stock had a grant date fair value of $12.96 per share, which was the closing price of the common stock on the date of grant. On August 31, 2012, 75,000 restricted shares were granted at a fair value of $14.80 per share and vest on December 31, 2015.

The following table provides a summary of restricted stock activity for the nine months ended September 30, 2012:

	Shares		Average Grant-Date Fair Value
Unvested shares at January 1, 2012	288,500
Granted	165,495		$	13.79
Vested	(40,500	)	—
Forfeited	(32,275	)	10.03
Unvested shares at September 30, 2012	381,220		$	11.01

The restricted stock awards are rights to receive shares of common stock, subject to forfeiture and other restrictions, which generally vest over a three to four year period. Restricted shares are considered to be non-vested shares under the accounting guidance for share-based payment and are not reflected as issued and outstanding shares until the restrictions lapse. At that time, the shares are released to the grantee and the Company records the issuance of the shares. Restricted shares are valued based on the market price of the underlying shares on the grant date. At September 30, 2012, shares of restricted stock had vesting periods up through December 2015.

Contingencies

The Company is a defendant in various lawsuits and a party to various other legal proceedings, in the ordinary course of business, some of which are covered in whole or in part by insurance.

Other

In October 2009, an employee was fatally wounded while performing maintenance at the Company’s manufacturing facility in Springfield, Missouri. On February 22, 2011, the family of the deceased filed a civil complaint against the manufacturer of the press involved in the incident and the Buckhorn Inc. employee involved in the incident. The Company has been brought into the lawsuit by the plaintiff as an additional defendant. The manufacturer of the press has filed a cross claim for indemnity against Buckhorn. At this time the Company is not able to determine whether this proceeding or the incident will result in legal exposure to the Company, or if any such liability that results would be material to the Company’s financial statements. The Company believes that it has adequate insurance to resolve any claims resulting from this incident.

When management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the estimated loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable of occurrence than another. As additional information becomes available, any potential liability related to these matters will be assessed and the estimates will be revised, if necessary.

Based on current available information, management believes that the ultimate outcome of these matters will not have a material adverse effect on our financial position or overall trends in our results of operations. However, these matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which the ruling occurs, or in future periods.

Retirement Plans

The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s frozen defined benefit pension plan ("The Pension Agreement between Akro-Mils and United Steelworkers of America Local No. 1761-02") provides benefits primarily based upon a fixed amount for each year of service as of the date the plan was frozen.

Net periodic pension cost for the three and nine months ended September 30, 2012 and 2011, respectively, are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Service cost	$	18		$	18		$	53		$	54
Interest cost	72			76			216			228
Expected return on assets	(77		)	(77		)	(230		)	(231		)
Amortization of actuarial net loss	25			16			75			48
Net periodic pension cost	$	38		$	33		$	114		$	99
Company contributions	$	339		$	116		$	538		$	268

The Company anticipates contributions totaling $661 thousand to its pension plan for the full year of 2012.

Effective January 1, 2012, the Company changed its profit sharing and 401(k) plan which includes an increase in the Company's matching contributions and the frequency of the Company's match. The Myers Industries Profit Sharing and 401(k) Plan is maintained for the Company's U.S. based employees, not covered under defined benefit plans, who have met eligibility service requirements.

Income Taxes

The total amount of gross unrecognized tax benefits that would reduce the Company's effective tax rates was $0.3 million at September 30, 2012 and $1.1 million at December 31, 2011. The amount of accrued interest expense included as a liability within the Company's Condensed Consolidated Statements of Financial Position was less than $0.1 million at September 30, 2012 and $0.1 million at December 31, 2011. In 2012, the Company recognized approximately $0.8 million of previously reserved tax benefits, based on the settlement of various state and federal tax issues. The tax benefit related to this recognition was reduced by tax expense of $0.6 million on pension liability previously recognized in other comprehensive income.

For the quarter ended September 30, 2011, the Company recognized net favorable income tax adjustments of approximately $3.8 million that were largely the result of reversing previously reserved tax benefits related to the loss on the sale of one of our subsidiaries in 2007 due to lapse of statute of limitations and other tax adjustments.

During the quarter ended September 30, 2012, the Company finalized its examination of Federal income tax returns for 2009 and 2010 in the United States but is currently under examination for 2007 and 2008 in Canada, as well as certain states. The Company does not expect any significant changes to its unrecognized tax benefits in the next 12 months.

As of September 30, 2012, the Company and its significant subsidiaries are subject to examination for the years after 2006 in Brazil, after 2006 in Canada, and after 2010 in the United States. The Company and its subsidiaries are subject to examination in certain states within the United States starting after 2007 and in the remaining states after 2008.

Segment Information

Using the criteria of ASC 280 Segment Reporting, the Company has four operating segments: Material Handling, Lawn and Garden, Distribution, and Engineered Products. Each of these operating segments is also a reportable segment under the ASC 280 criteria.

None of the reportable segments include operating segments that have been aggregated. Some of these segments contain individual business components that have been aggregated on the basis of common management, customers, products, production processes and economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.

Income before income taxes for each business segment is based on net sales less cost of products sold, and the related selling, administrative and general expenses. In computing business segment operating income, general corporate overhead expenses and interest expenses are not included.

	Three Months Ended September 30,						Nine Months Ended September 30,
Net Sales	2012			2011			2012			2011
Material Handling	$	76,151		$	72,070		$	201,632		$	204,808
Lawn and Garden	45,341			45,839			147,008			154,812
Distribution	45,065			48,785			131,991			136,511
Engineered Products	35,709			29,360			111,578			85,182
Intra-segment elimination	(4,976		)	(5,722		)	(15,029		)	(18,208		)
Net Sales	$	197,290		$	190,332		$	577,180		$	563,105

	Three Months Ended September 30,						Nine Months Ended September 30,
Income Before Income Taxes	2012			2011			2012			2011
Material Handling	$	12,530		$	8,870		$	34,903		$	27,526
Lawn and Garden	41			(1,413		)	(683		)	846
Distribution	3,343			4,564			11,152			11,651
Engineered Products	2,921			3,001			12,172			8,381
Corporate	(9,063		)	(7,763		)	(20,663		)	(20,103		)
Interest expense-net	(1,194		)	(1,264		)	(3,328		)	(3,655		)
Income before income taxes	$	8,578		$	5,995		$	33,553		$	24,646

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Part I - Financial Information

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations

Comparison of the Third Quarter of 2012 to the Third Quarter of 2011

Net Sales:

(dollars in millions)	Quarter Ended September 30,
Segment	2012			2011			Change			% Change
Material Handling	$	76.2		$	72.1		$	4.1		6	%
Lawn and Garden	$	45.3		$	45.8		$	(0.5	)	(1	)%
Distribution	$	45.1		$	48.8		$	(3.7	)	(8	%)
Engineered Products	$	35.7		$	29.4		$	6.3		21	%
Intra-segment elimination	$	(5.0	)	$	(5.8	)	$	0.8		14	%
TOTAL	$	197.3		$	190.3		$	7.0		4	%

Net sales in the quarter ended September 30, 2012 were $197.3 million, an increase of $7.0 million or 4% compared to the prior year. Strong sales in our Engineered Products Segment combined with an increase in our Material Handling Segment more than offset lower sales in our Distribution Segment. Sales for Lawn & Garden remained relatively flat quarter over quarter. Overall, net sales increased $3.3 million due to volume driven by our growth and innovation initiative and the inclusion of $9.0 million in sales from the date of acquisition of Plasticos Novel do Nordeste S.A. ("Novel") on July 3, 2012. These sales increases were partially offset by $4.0 million in lower pricing and unfavorable foreign currency translation of $1.3 million.

Net sales in the Material Handling Segment increased $4.1 million or 6% in the third quarter of 2012 compared to the same quarter in 2011. Sales recorded through our Novel acquisition contributed $9.0 million in the third quarter of 2012. Lower sales were recognized in the manufacturing, food processing and agricultural markets that were partially offset by higher sales in the industrial markets resulting in a net reduction in volume of $0.7 million. A delay in customer orders resulting from a shift in demand, primarily in the agricultural market, from the third quarter to the fourth quarter of 2012 was the primary cause of the sales decrease quarter over quarter. Sales were also negatively impacted in the quarter compared to the prior year quarter by lower pricing and mix of $3.2 million and a $1.0 million of unfavorable foreign currency translation.

Net sales in the Lawn and Garden Segment in the third quarter of 2012 decreased $0.5 million or 1% compared to the third quarter of 2011. Sales reflect higher volume of $1.0 million compared to the third quarter of 2011 resulting from stronger demand, but was more than offset by a decrease of $1.2 million in pricing and $0.3 million of unfavorable foreign currency translation.

Net sales in the Distribution Segment decreased $3.7 million or 8% in the third quarter of 2012 compared to the third quarter of 2011 as a result of a decrease in sales volumes. The decreased sales were primarily due to slowing customer demand resulting from a decline in the replacement tire industry and from lower equipment sales.

In the Engineered Products Segment, net sales in the third quarter of 2012 increased $6.3 million or 21% compared to the prior year. Stronger sales in 2012 resulted from higher sales volumes of $6.0 million driven by product demand in the transplant automotive market, recreational vehicle, marine and custom markets. Higher selling prices of $0.3 million also contributed to the improved sales performance.

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Cost of Sales & Gross Profit:

(dollars in millions)	Quarter Ended September 30,
Cost of Sales and Gross Profit	2012			2011
Cost of sales	$	144.6		$	142.5
Gross profit	$	52.7		$	47.8
Gross profit as a percentage of sales	26.7		%	25.1		%

Gross margin expansion in the third quarter of 2012 compared to the same quarter of 2011 was largely the result of the Company's productivity efficiencies, lower manufacturing costs and raw material substitution cost savings generated by our operations excellence initiatives.

Selling, General and Administrative Expenses:

(dollars in millions)	Quarter Ended September 30,
SG&A Expenses	2012			2011			Change
SG&A expenses	$	43.0		$	40.5		$	2.5
SG&A expenses as a percentage of sales	21.8		%	21.3		%

Selling, general and administrative (“SG&A”) expenses for the quarter ended September 30, 2012 were $43.0 million, an increase of $2.5 million or 6% compared to the third quarter in the prior year. The increase in SG&A expenses was due to higher employee related costs of $1.1 million, primarily medical costs, increased selling and distribution costs of $0.9 million, and higher outside consulting costs of $0.9 million. Restructuring and unusual charges in the third quarter of 2012 included $1.7 million for severance costs and lease obligations offset by a gain of $0.1 million for the sale of a Distribution Segment warehouse. Included in SG&A expenses in third quarter 2011were restructuring and other unusual charges of $2.0 million, primarily for an environmental study at the New Idria Mercury Mine.

Interest Expense:

(dollars in millions)	Quarter Ended September 30,
Net Interest Expense	2012			2011			Change			% Change
Net interest expense	$	1.2		$	1.3		$	(0.1	)	(8	)%
Outstanding borrowings	$	96.7		$	80.2		$	16.5
Average borrowing rate	4.71		%	5.64		%

Net interest expense in the third quarter of 2012 was $1.2 million, down slightly compared to the prior year. Lower average borrowing rates as a result of the mix of debt outstanding more than offset a higher average borrowing base quarter over quarter. Outstanding borrowings at September 30, 2012 were higher than September 30, 2011 as the Company borrowed from it's revolving credit facility for the acquisition of Novel in July 2012.

Income Taxes:

(dollars in millions)	Quarter Ended September 30,
Consolidated Income Taxes	2012			2011
Income before taxes	$	8.6		$	6.0
Income taxes	$	2.8		$	(1.2	)
Effective tax rate	32.4		%	—

The effective tax rate was 32.4% for the quarter ended September 30, 2012 compared to an effective rate of 20.3% in the prior year. The current year effective rate of 32.4% is less than the U.S. statutory rate of 35% primarily due to the benefit from estimated domestic production deduction and other permanent differences as well as the recognition of $0.2 million of previously reserved

6

tax benefits. In the quarter ended September 30, 2011, the Company reported a tax benefit of $1.2 million. This tax benefit was the result of recognizing previously reserved tax benefits of $3.8 million related to the loss on sale of a foreign subsidiary in 2007 due to lapse of statute of limitations and other tax adjustments in the quarter. The tax benefits recognized exceeded tax expense on income for the quarter.

Comparison of the Nine Months Ended September 30, 2012 to the Nine Months Ended September 30, 2011

Net Sales:

(dollars in millions)	Nine Months Ended September 30,
Segment	2012			2011			Change			% Change
Material Handling	$	201.6		$	204.8		$	(3.2	)	(2	%)
Lawn and Garden	$	147.0		$	154.8		$	(7.8	)	(5	%)
Distribution	$	132.0		$	136.5		$	(4.5	)	(3	%)
Engineered Products	$	111.6		$	85.2		$	26.4		31	%
Intra-segment elimination	$	(15.0	)	$	(18.2	)	$	3.2		(18	%)
TOTAL	$	577.2		$	563.1		$	14.1		3	%

Net sales for the nine months ended September 30, 2012 were $577.2 million, an increase of $14.1 million or 3% compared to the same period in the prior year. Sales increased $8.3 million from higher volumes driven by our growth and innovation initiatives and $9.0 million in sales from our acquisition of Novel from the date of acquisition and improved pricing of $0.6 million. These increases were partially offset by unfavorable foreign currency translation of $3.8 million.

Net sales in the Material Handling Segment decreased $3.2 million or 2% in the nine months ended September 30, 2012 compared to the same period in 2011. The shift in demand in customer orders, primarily in the agricultural market, in the second and third quarters of 2012 to the end of the year was a primary cause of the decrease in sales. Sales were lower in most markets with the exception of the industrial market which had higher sales compared to the prior year period. The decrease in net sales included a reduction in volume of $10.0 million, partially offset by the inclusion of Novel sales from the date of acquisition of $9.0 million. Also contributing to a reduction in sales was unfavorable foreign currency translation of $2.2 million.

Net sales in the Lawn and Garden Segment for the nine months ended September 30, 2012 were down $7.8 million or 5% compared to the nine months ended September 30, 2011. The decrease in net sales reflected lower volume of $5.8 million due to weak demand earlier in the year related to inventory carryover primarily as a result of poor weather conditions in 2011, lower pricing of $0.6 million and $1.4 million from the effect of unfavorable foreign currency translation.

Net sales in the Distribution Segment decreased $4.5 million or 3% for the nine months ended September 30, 2012 compared to the same period in 2011. Lower sales reflect $4.4 million from a decrease in volume, primarily due to slowing customer demand resulting from a decline in the replacement tire industry and lower equipment sales, and $0.1 million from the unfavorable effect of foreign currency translation.

In the Engineered Products Segment, net sales for the nine months ended September 30, 2012 increased $26.4 million, or 31% compared to the same period in the prior year. Net sales increased due to higher volume of $25.2 million and higher selling prices of $1.2 million, both driven by strong demand in the transplant automotive, recreational vehicle, marine and custom markets.

Cost of Sales & Gross Profit:

(dollars in millions)	Nine Months Ended September 30,
Cost of Sales and Gross Profit	2012			2011
Cost of sales	$	419.1		$	416.7
Gross profit	$	158.1		$	146.4
Gross profit as a percentage of sales	27.4		%	26.0		%

Gross profit margin increased to 27.4% for the nine months ended September 30, 2012 compared with 26.0% in the prior year. Productivity improvements, lower manufacturing costs and product pricing strategies, primarily in the Material Handling Segment more than offset any impact of higher costs of raw materials, such as plastic resin, contributed to the higher margins through the first nine months of 2012 compared to the same period in 2011.

7

Selling, General and Administrative Expenses:

(dollars in millions)	Nine Months Ended September 30,
SG&A Expenses	2012			2011			Change
SG&A expenses	$	121.2		$	118.1		$	3.1
SG&A expenses as a percentage of sales	21.0		%	21.0		%

SG&A expenses for the nine months ended September 30, 2012 were $121.2 million, an increase of $3.1 million or 3% compared to the same period in the prior year. The higher SG&A expenses were primarily attributable to an increase in employee related costs of $3.3 million, primarily medical, higher selling and distribution charges of $3.2 million and higher consulting costs of $0.7 million. These higher SG&A expenses were substantially offset by a reduction in bad debt expense of $3.2 million primarily attributable to the recovery in 2012 of a bad debt recorded in 2011. SG&A expense for the nine months ended September 30, 2012 included restructuring and other unusual charges of $2.7 million for severance, consulting and lease obligation costs. SG&A expenses for the nine months ended September 30, 2011 included restructuring and other unusual charges of $3.5 million for environmental charges, severance and lease obligation costs. Gains on the sale of property sold in the nine months ended September 30, 2012 and 2011, were $0.4 million and $0.5 million, respectively.

Interest Expense:

(dollars in millions)	Nine Months Ended September 30,
Net Interest Expense	2012			2011			Change			% Change
Net interest expense	$	3.3		$	3.7		$	(0.4	)	(11	%)
Outstanding borrowings	$	96.7		$	80.2		$	16.5
Average borrowing rate	5.06		%	5.21		%

Net interest expense was $3.3 million for the nine months ended September 30, 2012 compared to $3.7 million in the prior year. The reduction in 2012 interest expense was the result of lower average borrowing rates as compared to the first nine months of 2011.

Income Taxes:

(dollars in millions)	Nine Months Ended September 30,
Consolidated Income Taxes	2012			2011
Income before taxes	$	33.6		$	24.6
Income taxes	$	12.1		$	6.1
Effective tax rate	36.1		%	24.6		%

The effective tax rate for the nine months ended September 30, 2012 was 36.1% compared to 24.6% in the prior year. The current year effective rate of 36.1% includes the benefit of approximately $0.8 million from reversing previously reserved tax benefits, however, these benefits were partially offset by tax expense of $0.6 million on pension liability recognized in other comprehensive income in a prior period. The effective tax rate of 24.6% for the nine months ended September 30, 2011 was significantly reduced by the recognition of previously reserved tax benefits of $3.8 million related to the loss on sale of a foreign subsidiary in 2007 due to lapse of statute of limitations and other tax adjustments.

Acquisitions

In July 2012, the Company acquired 100% of the stock of Plasticos Novel do Nordeste S.A., a Brazil-based designer and manufacturer of reusable plastic crates and containers used for closed-loop shipping and storage. Novel also produces a diverse range of plastic industrial safety products. The total purchase price was approximately $31.0 million, which includes a cash payment of $3.4 million, net of $0.6 million of cash acquired, assumed debt of approximately $26.0 million and contingent consideration of $0.9 million based on an earnout. The contingent consideration is contingent upon the results of Novel exceeding predefined

8

earnings before interest, taxes, depreciation and amortization over the next four years. The business is included in the Material Handling Segment.

Subsequent Event

On October 1, 2012, the Company acquired 100% of the stock of Jamco Products Inc. ("Jamco"), an Illinois corporation for $15.0 million, subject to closing adjustments. Jamco is a leading designer and manufacturer of heavy-duty industrial steel carts and safety cabinets. The business will be included in the Material Handling Segment. The Company has just begun the purchase price allocation determination.

Liquidity and Capital Resources

Cash provided by operating activities was $23.3 million for the nine months ended September 30, 2012 compared to $40.2 million for the nine months ended September 30, 2011. The decrease of $16.9 million in current year cash provided by operations was primarily attributable to an increase in working capital of $13.5 million and a decrease of approximately $6.3 million for depreciation and other non-cash charges partially offset by improved net income of $2.9 million compared to the prior year.

For the nine months ended September 30, 2012, cash of $25.4 million was used for working capital compared to $11.9 million for the nine months ended September 20, 2011. In the nine months ended September 30, 2012, a build of inventory due to seasonal requirements in the Lawn and Garden Segment and the deferral of sales to the fourth quarter in the Material Handling Segment resulted in higher levels and a use of $18.6 million of cash for the nine months ended September 30, 2012 compared to cash used of $8.8 million for the same period in 2011. Accounts payable and accrued expenses used cash of $4.9 million in the nine months ended September 30, 2012 compared with a use of $0.4 million in the prior year as a result of timing of payments at September 30, 2012.

Capital expenditures for the nine months ended September 30, 2012 were $15.2 million and for the full year are expected to be approximately $27 to $30 million. The Company received approximately $1.9 million in cash proceeds from the sale of assets, including a warehouse, office buildings and equipment in the nine months ended September 30, 2012. In addition, the Company paid dividends of $7.6 million and $7.2 million in the nine months ended September 30, 2012 and 2011, respectively.

Total debt at September 30, 2012 was approximately $96.7 million compared with $74.0 million at December 31, 2011. The net increase in cash used for financing activities in 2012 was primarily the result of borrowings from our revolving credit facility for the acquisition of Novel. The Company’s 2010 Credit Agreement provides available borrowing up to $180 million, reduced for letters of credit issued, and, as of September 30, 2012, there was $113.2 million available under this agreement. As of September 30, 2012, the Company was in compliance with all its debt covenants. The most restrictive financial covenants for all of the Company’s debt are an interest coverage ratio, defined as earnings before interest and taxes divided by interest expense, and a leverage ratio, defined as earnings before interest, taxes, depreciation and amortization, as adjusted, compared to total debt. The ratios as of and for the period ended September 30, 2012 are shown in the following table:

	Required Level	Actual Level
Interest Coverage Ratio	2.25 to 1 (minimum)	10.93
Leverage Ratio	3.25 to 1 (maximum)	1.26

The Company believes that cash flows from operations and available borrowing under its Credit Agreement will be sufficient to meet expected business requirements including strategic initiatives, capital expenditures, dividends, working capital, debt service and to fund the stock repurchase program into the foreseeable future.

Item 3. Quantitative and Qualitative Disclosure About Market Risk

The Company has certain financing arrangements that require interest payments based on floating interest rates. The Company’s financial results are subject to changes in the market rate of interest. At present, the Company has not entered into any interest rate swaps or other derivative instruments to fix the interest rate on any portion of its financing arrangements with floating rates. Accordingly, based on current debt levels at September 30, 2012, if market interest rates increase one percent, the Company’s interest expense would increase approximately $0.6 million annually.

Some of the Company’s subsidiaries operate in foreign countries and their financial results are subject to exchange rate movements. The Company has operations in Canada with foreign currency exposure, primarily due to sales made from businesses in Canada to customers in the United States. These sales are denominated in U.S. dollars. In addition, the Company’s subsidiary in Brazil

9

has loans denominated in U.S. dollars. The Company has a systematic program to limit its exposure to fluctuations in exchange rates related to certain assets and liabilities of its operations in Canada and Brazil that are denominated in U.S. dollars. The net exposure generally ranges from $5 to $10 million. The foreign currency contracts and arrangements created under this program are not designated as hedged items under FASB ASC 815 Derivatives and Hedging, and accordingly, the changes in the fair value of the foreign currency arrangements, which have been immaterial, are recorded in the income statement. The Company’s foreign currency arrangements are generally three months or less and, as of September 30, 2012, the Company had no foreign currency arrangements or contracts in place.

The Company uses certain commodities, primarily plastic resins, in its manufacturing processes. The cost of operations can be affected as the market and price for these commodities changes. The Company currently has no derivative contracts to hedge this risk and has no significant purchase obligations to purchase fixed quantities of such commodities in future periods. Significant future increases in the cost of plastic resin or other adverse changes in the general economic environment could have a material adverse impact on the Company’s financial position, results of operations or cash flows.

Item 4. Controls and Procedures

The Company maintains disclosure controls and procedures, as defined under Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended, that are designed to ensure that information required to be disclosed in the Company’s reports under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms and that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

The Company carries out a variety of on-going procedures, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, to evaluate the effectiveness of the design and operation of the Company’s disclosure controls and procedures. Based on the foregoing, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective at a reasonable assurance level as of the end of the period covered by this report.

There has been no change in the Company’s internal controls over financial reporting during the Company’s most recent fiscal quarter that has materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

10

Part II — Other Information

Item 1.Legal Proceedings

The Company is a defendant in various lawsuits and a party to various other legal proceedings, in the ordinary course of business, some of which are covered in whole or in part by insurance. We believe that the outcome of these lawsuits and other proceedings will not individually or in the aggregate have a future material adverse effect on our consolidated financial position, results of operations or cash flows.

Item 6.Exhibits

(a) Exhibits

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	MYERS INDUSTRIES, INC.
October 30, 2012	By:	/s/ Greggory W. Branning
		Greggory W. Branning
		Senior Vice President, Chief Financial Officer and Corporate Secretary (Duly Authorized Officer and Principal Financial and Accounting Officer)

11

EXHIBIT INDEX

3(a)	Myers Industries, Inc. Amended and Restated Articles of Incorporation. Reference is made to Exhibit 3(a) to Form 10-K filed with the Commission on March 16, 2005.
3(b)	Myers Industries, Inc. Amended and Restated Code of Regulations. Reference is made to Exhibit 3(b) to Form 10-K filed with the Commission on March 12, 2010.
10(a)	Myers Industries, Inc. Amended and Restated Employee Stock Purchase Plan. Reference is made to Exhibit 10(a) to Form 10-K filed with the Commission on March 30, 2001.
10(b)	Form of Indemnification Agreement for Directors and Officers. Reference is made to Exhibit 10.1 to Form 10-Q filed with the Commission on May 1, 2009.*
10(c)	Myers Industries, Inc. Amended and Restated Dividend Reinvestment and Stock Purchase Plan. Reference is made to Exhibit 10(d) to Form 10-K filed with the Commission on March19, 2004.
10(d)	Myers Industries, Inc. Amended and Restated 1999 Incentive Stock Plan. Reference is made to Exhibit 10(f) to Form 10-Q filed with the Commission on August 9, 2006.*
10(e)	2008 Incentive Stock Plan of Myers Industries, Inc. Reference is made to Exhibit 4.3 to Form S-8 filed with the Commission on March 17, 2009.*
10(f)	Amendment No. 1 to the 2008 Incentive Stock Plan of Myers Industries, Inc. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on August 3, 2010.*
10(g)	Myers Industries, Inc. Executive Supplemental Retirement Plan. Reference is made to Exhibit (10)(g) to Form 10-K filed with the Commission on March 26, 2003.*
10(h)	Severance Agreement between Myers Industries, Inc. and John C. Orr effective June 1, 2011. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on March 7, 2011.*
10(i)	Amended and Restated Employment Agreement between Myers Industries, Inc. and John C. Orr effective June 1, 2008. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on June 24, 2008.*
10(j)	First Amendment to Amended and Restated Employment Agreement between Myers Industries, Inc. and John C. Orr entered into as of April 21, 2009. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on April 22, 2009.*
10(k)	Second Amendment to Amended and Restated Employment Agreement between Myers Industries, Inc. and John C. Orr entered into as of March 8, 2010. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on March 9, 2010.*
10(l)	Non-Disclosure and Non-Competition Agreement between Myers Industries, Inc. and John C. Orr dated July 18, 2000. Reference is made to Exhibit 10(j) to Form 10-Q filed with the Commission on May 6, 2003.*
10(m)	Third Amendment to the Myers Industries, Inc. Executive Supplemental Retirement Plan (John C. Orr) effective June 1, 2008. Reference is made to Exhibit 10.2 to Form 8-K filed with the Commission on June 24, 2008.*
10(n)	Severance Agreement between Myers Industries, Inc. and David B. Knowles dated August 31, 2012. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on August 31, 2012.
10(o)	Non-Disclosure and Non-Competition Agreement between Myers Industries, Inc. and David B. Knowles dated June 19, 2009. Reference is made to Exhibit 10.2 to Form 8-K filed with the Commission on June 22, 2009.*
10(p)	Amendment to Myers Industries, Inc. Executive Supplemental Retirement Plan (David B. Knowles) effective June 19, 2009. Reference is made to Exhibit 10.3 to Form 8-K filed with the Commission on June 22, 2009.*
10(q)	Severance Agreement between Myers Industires, Inc. and Gregg Branning dated September 1, 2012. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on September 4, 2012.
10(r)	Third Amended and Restated Loan Agreement between Myers Industries, Inc. and JP Morgan Chase Bank, National Association, as Agent, dated as of November 19, 2010. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on November 23, 2010.
10(s)	Note Purchase Agreement between Myers Industries, Inc. and the Note Purchasers, dated December 12, 2003, regarding the issuance of $35,000,000 of 6.81% Series 2003-A Senior Notes due December 12, 2013. Reference is made to Exhibit 10(o) to Form 10-K filed with the Commission on March 15, 2004.
10(t)	Amendment to the Myers Industries, Inc Executive Supplemental Retirement Plan (John C. Orr) effective June 1, 2011. Reference is made to Exhibit 10.2 to Form 8-K filed with the Commission on March 7, 2011.*
14(a)	Myers Industries, Inc. Code of Business Conduct and Ethics. Reference is made to Exhibit 14(a) to Form 10-K filed with the Commission on March 16, 2005.
14(b)	Myers Industries, Inc. Code of Ethical Conduct for the Finance Officers and Finance Department Personnel. Reference is made to Exhibit 14(b) to Form 10-K filed with the Commission on March 16, 2005.
21	List of Direct and Indirect Subsidiaries, and Operating Divisions, of Myers Industries, Inc.
31(a)	Certification of John C. Orr, President and Chief Executive Officer of Myers Industries, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31(b)	Certification of Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary of Myers Industries, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certifications of John C. Orr, President and Chief Executive Officer, and Gregg W. Branning, Executive Vice President, Chief Financial Officer and Corporate Secretary, of Myers Industries, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	The following financial information from Myers Industries, Inc. Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 filed with the SEC on October 30, 2012, formatted in XBRL includes: (i) Condensed Consolidated Statements of Income and Comprehensive Income For the fiscal periods ended September 30, 2012 and 2011, (ii) Condensed Consolidated Statements of Financial Position at September 30, 2012 and December 31, 2011,(iii) Condensed Consolidated Statements of Cash Flows for the fiscal periods ended September 30, 2012 and 2011, (iv) Condensed Consolidated Statement of Shareholders’ Equity for the fiscal period ended September 30, 2012, and (v) the Notes to Condensed Consolidated Financial Statements.

*	Indicates executive compensation plan or arrangement.
**	Pursuant to Item 601(b)(2) of Regulation S-K, certain exhibits and schedules have been omitted from this filing. The registrant agrees to furnish the Commission on a supplemental basis a copy of any omitted exhibit or schedule.

12

EX-21

Direct and Indirect Subsidiaries, and Operating Divisions,

of Myers Industries, Inc.

As of September 30, 2012

North and Central American Operations
Ameri-Kart Corp.	Kansas
- WEK South Corp	North Carolina
Ameri-Kart (MI) Corp.	Michigan
Buckhorn Inc.	Ohio
- BRP Hannibal Inc.	Missouri
Grower Express Trucking, Inc.	Ohio
Lone Star Plastics, Inc.	Nevada
- Amerikan LLC	Florida
- Kord USA, Inc.	South Carolina
- Texan Polymer Group, Inc.	Texas
- WhiteRidge Plastics, LLC	North Carolina
MYE Automotive, Inc.	Delaware
- MRP, Inc.	Michigan
- WEK Industries, Inc.	Delaware
MYE Canada Operations Inc.	Canada
MYEcap Financial Corp.	Ohio
MYELux, LLC	Ohio
Myers do Brasil Embalagens Plasticas Ltda.	Brazil
Myers Holdings Brasil Ltda. (99%)	Brazil
Myers Tire Supply International, Inc.	Ohio
- Myers de El Salvador S.A. De C.V. (75%)	El Salvador
- Orientadores Comerciales S.A.	Guatemala
- Myers de Panama S.A.	Panama
- Myers TSCA, S.A.	Panama
Myers de El Salvador S.A. De C.V. (25%)	El Salvador
Myers Tire Supply Distribution, Inc.	Ohio
Myers Tire Supply.com, Inc.	Ohio
Patch Rubber Company	North Carolina
- Kwik Patch Private Ltd. (39.98%)	India
Plasticos Novel do Nordeste S.A.	Brazil
Plasticos Novel do Parana S.A.	Brazil
Productivity California, Inc.	California

Direct and Indirect Subsidiaries, and Operating Divisions,

of Myers Industries, Inc.

As of September 30, 2012

Reported Operating Division of Myers Industries, Inc. and Subsidiaries
Akro-Mils (of Myers Industries, Inc.)	Akron, Ohio
Dillen Products (of Myers Industries, Inc.)	Middlefield, Ohio
Myers Tire Supply (of Myers Industries, Inc.)	Akron, Ohio
Buckhorn Canada (of MYE Canada Operation Inc.)	Ontario, Canada
Myers Tire Supply of Canada (of MYE Canada Operations Inc.)	Ontario, Canada
Listo Products (of MYE Canada Operations, Inc.)	Yukon Territory
ITML Horticultural Products (of MYE Canada Operations Inc.)	Ontario, Canada

EX-31.A

Exhibit 31 (a)

Certification Per Section 302 of the Sarbanes-Oxley Act of 2002

I, John C. Orr, certify that:

1.I have reviewed the quarterly report on Form 10-Q of Myers Industries, Inc. for the period ended September 30, 2012 which this certification accompanies;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;

4.The company's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the company's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the company's internal control over financial reporting that occurred during the company's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting; and

5. The company's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and the audit committee of the company's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	October 30, 2012	/s/ John C. Orr
		John C. Orr, President and Chief Executive Officer

EX-31.B

Exhibit 31 (b)

Certification Per Section 302 of the Sarbanes-Oxley Act of 2002

I, Greggory W. Branning, certify that:

1. I have reviewed the quarterly report on Form 10-Q of Myers Industries, Inc. for the period ended September 30, 2012 which this certification accompanies;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;

4. The company's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the company's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the company's internal control over financial reporting that occurred during the company's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting; and

5. The company's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company's auditors and the audit committee of the company's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	October 30, 2012	/s/ Greggory W. Branning
		Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary

EX-32

Exhibit 32

CERTIFICATIONPURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 In connection with the Quarterly Report of Myers Industries, Inc. (the Company) on Form 10-Q for the period ended September 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, John C. Orr, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and to my knowledge:

(1) The Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2012 which this certification accompanies fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ John C. Orr

John C. Orr, President and

Chief Executive Officer

Dated: October 30, 2012

CERTIFICATIONPURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Myers Industries, Inc. (the Company) on Form 10-Q for the period ended September 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and to my knowledge:

(1) The Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2012 which this certification accompanies fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Greggory W. Branning

Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary

Dated: October 30, 2012

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Stock Compensation Fair Value of stock options granted assumptions used (Details) (USD $)	9 Months Ended
	Sep. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk free interest rate	2.00%
Expected dividend yield	2.20%
Expected life of award (in years)	5 years 4 months 24 days
Expected volatility	50.00%
Fair value per option share (in dollars per share)	$ 4.93

XML

Goodwill (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Goodwill [Roll Forward]
Balance at January 1, 2012	$ 44,666
Acquisitions	8,805
Foreign Currency Translation	174
Impairment	0
Balance at June 30, 2012	53,645
Distribution [Member]
Goodwill [Roll Forward]
Balance at January 1, 2012	214
Acquisitions	0
Foreign Currency Translation	0
Impairment	0
Balance at June 30, 2012	214
Engineered Products [Member]
Goodwill [Roll Forward]
Balance at January 1, 2012	707
Acquisitions	0
Foreign Currency Translation	0
Impairment	0
Balance at June 30, 2012	707
Material Handling [Member]
Goodwill [Roll Forward]
Balance at January 1, 2012	34,279
Acquisitions	8,805
Foreign Currency Translation	(24)
Impairment	0
Balance at June 30, 2012	43,060
Lawn And Garden [Member]
Goodwill [Roll Forward]
Balance at January 1, 2012	9,466
Acquisitions	0
Foreign Currency Translation	198
Impairment	0
Balance at June 30, 2012	$ 9,664

XML

Supplemental Disclosure of Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2012

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosure of Cash Flow Information

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2012		2011		2012		2011
Interest paid	$	491	$	441	$	2,399	$	2,498
Income taxes paid	$	3,183	$	1,576	$	16,465	$	7,855

XML

Retirement Plans (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	$ 661		$ 661
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	18	18	53	54
Interest cost	72	76	216	228
Expected return on assets	(77)	(77)	(230)	(231)
Amortization of actuarial net loss	25	16	75	48
Net periodic pension cost	38	33	114	99
Defined Benefit Plan, Contributions by Employer	$ 339	$ 116	$ 538	$ 268

XML

Restructuring Reserve (Details) (USD $)	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
Property, plant and equipment classfied as held for sale	$ 5,700,000	$ 0
Restructuring Reserve [Roll Forward]
Balance at January 1, 2011	605,000
Provision	2,106,000
Less: Payments	(1,511,000)
Balance at June 30, 2012	1,200,000
Severance & Personnel [Member]
Restructuring Reserve [Roll Forward]
Balance at January 1, 2011	0
Provision	783,000
Less: Payments	(783,000)
Balance at June 30, 2012	0
Other Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Balance at January 1, 2011	605,000
Provision	1,323,000
Less: Payments	(728,000)
Balance at June 30, 2012	$ 1,200,000

XML

Inventories

9 Months Ended

Sep. 30, 2012

Inventory Disclosure [Abstract]

Inventories

Inventories

Approximately twenty percent of the Company’s inventories use the last in first out (LIFO) method of determining cost. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must necessarily be based on management’s estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management’s control, estimated interim results are subject to change in the final year-end LIFO inventory valuation and were immaterial, no adjustment was recorded as of an interim period.

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2012	Dec. 31, 2011
Income Tax Examination [Line Items]
Unrecognized Tax Benefits, Reductions Resulting from Lapse of Applicable Statute of Limitations	$ 3.8
Unrecognized tax benefits		0.3	1.1
Amount of accrued interest expense included as a liability within the Company's Condensed Consolidated Statements of Financial Position			0.1
Unrecognized Tax Benefits, Increases Resulting from Prior Period Tax Positions		0.8
Recognition of previously reserved tax benefits		$ 0.6

XML

Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

	Three Months Ended September 30,						Nine Months Ended September 30,
Net Sales	2012			2011			2012			2011
Material Handling	$	76,151		$	72,070		$	201,632		$	204,808
Lawn and Garden	45,341			45,839			147,008			154,812
Distribution	45,065			48,785			131,991			136,511
Engineered Products	35,709			29,360			111,578			85,182
Intra-segment elimination	(4,976		)	(5,722		)	(15,029		)	(18,208		)
Net Sales	$	197,290		$	190,332		$	577,180		$	563,105

Schedule of Income Before Income Taxes by Segment

	Three Months Ended September 30,						Nine Months Ended September 30,
Income Before Income Taxes	2012			2011			2012			2011
Material Handling	$	12,530		$	8,870		$	34,903		$	27,526
Lawn and Garden	41			(1,413		)	(683		)	846
Distribution	3,343			4,564			11,152			11,651
Engineered Products	2,921			3,001			12,172			8,381
Corporate	(9,063		)	(7,763		)	(20,663		)	(20,103		)
Interest expense-net	(1,194		)	(1,264		)	(3,328		)	(3,655		)
Income before income taxes	$	8,578		$	5,995		$	33,553		$	24,646

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Retirement Plans (Tables)

9 Months Ended

Sep. 30, 2012

Compensation and Retirement Disclosure [Abstract]

Net periodic pension cost

Net periodic pension cost for the three and nine months ended September 30, 2012 and 2011, respectively, are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Service cost	$	18		$	18		$	53		$	54
Interest cost	72			76			216			228
Expected return on assets	(77		)	(77		)	(230		)	(231		)
Amortization of actuarial net loss	25			16			75			48
Net periodic pension cost	$	38		$	33		$	114		$	99
Company contributions	$	339		$	116		$	538		$	268

XML

Segment Information Schedule of Net Sales by Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012 Segments	Sep. 30, 2011
Segment Reporting Information [Line Items]
Segment Reporting, Number of Business Segments			4
Net Sales	$ 197,290	$ 190,332	$ 577,180	$ 563,105
Material Handling [Member]
Segment Reporting Information [Line Items]
Net Sales	76,151	72,070	201,632	204,808
Lawn And Garden [Member]
Segment Reporting Information [Line Items]
Net Sales	45,341	45,839	147,008	154,812
Distribution [Member]
Segment Reporting Information [Line Items]
Net Sales	45,065	48,785	131,991	136,511
Engineered Products [Member]
Segment Reporting Information [Line Items]
Net Sales	35,709	29,360	111,578	85,182
Intra-segment Elimination [Member]
Segment Reporting Information [Line Items]
Net Sales	$ (4,976)	$ (5,722)	$ (15,029)	$ (18,208)

XML

Statement of Accounting Policy The balances in the Company's accumulated other comprehensive income (Details) (USD $)			3 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Foreign Currency	Jun. 30, 2012 Foreign Currency	Mar. 31, 2012 Foreign Currency	Sep. 30, 2011 Foreign Currency	Jun. 30, 2011 Foreign Currency	Mar. 31, 2011 Foreign Currency	Sep. 30, 2012 Defined Benefit Pension Plans [Member]	Jun. 30, 2012 Defined Benefit Pension Plans [Member]	Mar. 31, 2012 Defined Benefit Pension Plans [Member]	Sep. 30, 2011 Defined Benefit Pension Plans [Member]	Jun. 30, 2011 Defined Benefit Pension Plans [Member]	Mar. 31, 2011 Defined Benefit Pension Plans [Member]	Sep. 30, 2012 Accumulative Other Comprehensive Income	Jun. 30, 2012 Accumulative Other Comprehensive Income	Mar. 31, 2012 Accumulative Other Comprehensive Income	Sep. 30, 2011 Accumulative Other Comprehensive Income	Jun. 30, 2011 Accumulative Other Comprehensive Income	Mar. 31, 2011 Accumulative Other Comprehensive Income	Sep. 30, 2012 Fair Value, Inputs, Level 2 [Member] Senior Notes [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Senior Notes	$ 35,000,000
Fair value of debt instrument																					36,800,000
Accumlated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	11,625,000	7,294,000	10,767,000	11,379,000	9,994,000	14,868,000	14,044,000	12,234,000	(2,068,000)	(2,068,000)	(2,700,000)	(2,070,000)	(2,070,000)	(2,070,000)	8,699,000	9,311,000	7,294,000	12,798,000	11,974,000	10,164,000
Current-period other comprehensive income			2,926,000	(612,000)		(6,177,000)	824,000	1,810,000	0	0		0	0	0	2,926,000	(612,000)		(6,177,000)	824,000	1,810,000
Current-period other comprehensive income					1,385,000						0						1,385,000
Tax effect of pension liability from prior periods					0						632,000						632,000
Ending balance	$ 11,625,000	$ 7,294,000	$ 13,693,000	$ 10,767,000	$ 11,379,000	$ 8,691,000	$ 14,868,000	$ 14,044,000	$ (2,068,000)	$ (2,068,000)	$ (2,068,000)	$ (2,070,000)	$ (2,070,000)	$ (2,070,000)	$ 11,625,000	$ 8,699,000	$ 9,311,000	$ 6,621,000	$ 12,798,000	$ 11,974,000

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Inventories (Details)	Sep. 30, 2012
Inventory Disclosure [Abstract]
Percentage of LIFO Inventory	20.00%

XML

Statement of Accounting Policy

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Statement of Accounting Policy

Statement of Accounting Policy

The accompanying unaudited condensed consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”), and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s latest annual report on Form 10-K.

In the opinion of the Company, the accompanying financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of September 30, 2012, and the results of operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2012 are not necessarily indicative of the results of operations that will occur for the year ending December 31, 2012.

Reclassification

Certain prior year amounts in the accompanying condensed consolidated financial statements have been reclassified to conform to the current year’s presentation.

Recent Accounting Pronouncements

In July 2012, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2012-02, Intangibles-Goodwill and Other (Topic 350) which simplifies the impairment test for indefinite-lived intangible assets other than goodwill. ASU No. 2012-02 gives the option to first assess qualitative factors to determine if it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative valuation test. ASU No. 2012-02 is effective for fiscal years and interim periods beginning on or after September 15, 2012. The Company conducts its annual impairment assessment as of October 1, which will include adoption of this guidance. The Company does not anticipate that this will have a significant impact on our financial position, results of operations or cash flows.

In June 2011, the  FASB issued ASU No. 2011-05, Comprehensive Income (Topic 220) — Presentation of Comprehensive Income. ASU No. 2011-05 requires companies to present the components of net income and other comprehensive income either as one continuous statement or two separate but consecutive statements. The update eliminates the option to report other comprehensive income and its components in the statement of changes in equity. ASU No. 2011-05 was effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of this guidance on January 1, 2012 did not have a material impact on the Company’s consolidated financial statements as this guidance modifies presentation of other comprehensive income already disclosed in the financial statements.

Translation of Foreign Currencies

All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income as a separate component of shareholders' equity.

Fair Value Measurement

The Company follows guidance included in ASC 820, Fair Value Measurements and Disclosures, for its financial assets and liabilities, as required. The guidance established a common definition for fair value to be applied to U.S. GAAP requiring the use of fair value, established a framework for measuring fair value, and expanded disclosure requirements about such fair value measurements. The guidance did not require any new fair value measurements, but rather applied to all other accounting pronouncements that require or permit fair value measurements. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly.

Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions.

The fair value of the Company’s cash, accounts receivable, accounts payable and accrued expenses are considered to have a fair value which approximates carrying value due to the nature and relative short maturity of these assets and liabilities.

The fair value of debt under the Company’s Credit Agreement approximates carrying value due to the floating interest rates and relative short maturity (less than 90 days) of the revolving borrowings under this agreement. The fair value of the Company’s $35.0 million fixed rate senior notes was estimated at $36.8 million at September 30, 2012 using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered level 2 inputs.

Revenue Recognition

The Company recognizes revenues from the sale of products, net of actual and estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.

Accumulated Other Comprehensive Income

The balances in the Company's accumulated other comprehensive income as of September 30, 2012 and September 30, 2011 are as follows:

							Accumulated
				Defined			other
	Foreign			benefit			comprehensive
	currency			pension plan			income
Balance at January 1, 2011	$	12,234		$	(2,070	)	$	10,164
Current-period other comprehensive income	1,810			—			1,810
Balance at March 31, 2011	$	14,044		$	(2,070	)	$	11,974
Current-period other comprehensive income	824			—			824
Balance at June 30, 2011	$	14,868		$	(2,070	)	$	12,798
Current-period other comprehensive income	(6,177		)	—			(6,177		)
Balance at September 30, 2011	$	8,691		$	(2,070	)	$	6,621
Balance at January 1, 2012	$	9,994		$	(2,700	)	$	7,294
Current-period other comprehensive income	1,385			—			1,385
Tax effect of pension liability from prior periods	—			632			632
Balance at March 31, 2012	$	11,379		$	(2,068	)	$	9,311
Current-period other comprehensive income	(612		)	—			(612		)
Balance at June 30, 2012	$	10,767		$	(2,068	)	$	8,699
Current-period other comprehensive income	2,926			—			2,926
Balance at September 30, 2012	$	13,693		$	(2,068	)	$	11,625

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.

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Acquisitions (Details) (USD $)		9 Months Ended
	Jul. 09, 2012	Sep. 30, 2012 Developed Technology Rights [Member]	Sep. 30, 2012 Customer Relationships [Member]	Jul. 09, 2012 Palsticos Novel S.A. [Member]	Jul. 09, 2012 Palsticos Novel S.A. [Member] Developed Technology Rights [Member]	Jul. 09, 2012 Palsticos Novel S.A. [Member] Customer Relationships [Member]	Jul. 09, 2012 Palsticos Novel S.A. [Member] Trade Names [Member]	Oct. 01, 2012 Jamco [Domain]	Dec. 31, 2011 Material Improvements L.P. [Member]	Dec. 31, 2011 Material Improvements L.P. [Member] Technology [Member]	Dec. 31, 2011 Material Improvements L.P. [Member] Trade Names [Member]
Business Acquisition [Line Items]
Business acquisition, total purchase price				$ 31,000,000				$ 15,000,000	$ 5,700,000
Business acquisition, cash paid				3,400,000					1,100,000
Business Acquisition, Purchase Price Allocation, Current Assets, Cash and Cash Equivalents	630,000			600,000
Business acquisition, contingent consideration				900,000					4,600,000
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt	(26,028,000)			26,000,000
Business acquisition, property, plant, and equipment	13,636,000								300,000
Business acquisition, amortizable intangible assets	5,790,000				1,800,000	2,400,000	1,600,000			1,300,000	200,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years	6 years
Business acquisition, goodwill	8,805,000								3,900,000
Business Combination, Acquired Receivables, Estimated Uncollectible	5,467,000
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory	5,993,000
Deferred Taxes, Business Combination, Valuation Allowance, Available to Reduce Intangible Assets	435,000
Business Acquisition, Purchase Price Allocation, Current Assets, Prepaid Expense and Other Assets	1,451,000
Business Acquisition, Purchase Price Allocation, Other Noncurrent Assets	719,000
Business Acquisition, Purchase Price Allocation, Assets Acquired	33,491,000
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable	(3,134,000)
Business Acquisition, Purchase Price Allocation, Current Liabilities, Other Liabilities	(3,608,000)
Business Acquisition, Purchase Price Allocation, Other Noncurrent Liabilities	(2,293,000)
Business Acquisition, Purchase Price Allocation, Deferred Tax Liabilities, Noncurrent	(3,804,000)
Business Acquisition, Purchase Price Allocation, Liabilities Assumed	(38,866,000)
Business Combination, Consideration Transferred	$ 3,430,000

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Stock Compensation Summary of stock option activity for the period (Details) (USD $)	9 Months Ended
	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at January 1, 2012 (in shares)	1,997,778
Outstanding at January 1, 2012 Average Price (in dollars per share)	$ 11.33
Options Granted (in shares)	323,950
Options Granted, Average Exercise Price (in dollars per share)	$ 12.96
Options Exercised, Shares (in shares)	(281,324)
Options Exercised, Average Exercise Price (in dollars per share)	$ 11.07
Cancelled or Forfeited (in shares)	(25,199)
Cancelled or Forfeited, Average Exercise Price (in dollars per share)	$ 11.05
Outstanding at June 30, 2012 (in shares)	2,015,205
Outstanding at June 30, 2012 Average Price (in dollars per share)	$ 11.61
Outstanding at June 30, 2012 Weighted Average Life (in years)	6 years 7 months 1 day
Exercisable at June 30, 2012 (in shares)	1,363,466
Exercisable at June 30, 2012, Average Exercise Price (in dollars per share)	$ 11.62

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Condensed Consolidated Statements of Income and Comprehensive Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net sales	$ 197,290	$ 190,332	$ 577,180	$ 563,105
Cost of sales	144,561	142,543	419,089	416,732
Gross profit	52,729	47,789	158,091	146,373
Selling, general and administrative expenses	42,957	40,530	121,210	118,072
Operating income	9,772	7,259	36,881	28,301
Interest expense, net	1,194	1,264	3,328	3,655
Income before income taxes	8,578	5,995	33,553	24,646
Income tax expense	2,782	(1,219)	12,112	6,055
Net income	5,796	7,214	21,441	18,591
Comprehensive income	$ 8,722	$ 1,037	$ 25,772	$ 15,048
Income per common share:
Basic (in dollars per share)	$ 0.17	$ 0.21	$ 0.64	$ 0.53
Diluted (in dollars per share)	$ 0.17	$ 0.21	$ 0.63	$ 0.53
Dividends declared per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.24	$ 0.21

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Segment Information Schedule of Income Before Income Taxes by Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Segment Reporting Information [Line Items]
Operating income	$ 9,772	$ 7,259	$ 36,881	$ 28,301
Interest Expense	(1,194)	(1,264)	(3,328)	(3,655)
Income before income taxes	8,578	5,995	33,553	24,646
Material Handling [Member]
Segment Reporting Information [Line Items]
Operating income	12,530	8,870	34,903	27,526
Lawn And Garden [Member]
Segment Reporting Information [Line Items]
Operating income	41	(1,413)	(683)	846
Distribution [Member]
Segment Reporting Information [Line Items]
Operating income	3,343	4,564	11,152	11,651
Engineered Products [Member]
Segment Reporting Information [Line Items]
Operating income	2,921	3,001	12,172	8,381
Corporate [Member]
Segment Reporting Information [Line Items]
Operating income	$ (9,063)	$ (7,763)	$ (20,663)	$ (20,103)

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Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (USD $) In Thousands, unless otherwise specified	Total	Common Stock	Additional Paid-In Capital	Accumulative Other Comprehensive Income	Retained Income (Deficit)
Balance at Dec. 31, 2011	$ 206,140	$ 20,312	$ 265,000	$ 7,294	$ (86,466)
Stockholders' Equity [Roll Forward]
Net income	21,441				21,441
Other comprehensive income				4,331
Common stock issued		169	2,857
Stock based compensation			2,134
Stock contribution		2	48
Dividends declared - $.24 per share					(8,032)
Balance at Sep. 30, 2012	$ 229,090	$ 20,483	$ 270,039	$ 11,625	$ (73,057)

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Supplemental Disclosure of Cash Flow Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Supplemental Cash Flow Information [Abstract]
Interest paid	$ 491	$ 441	$ 2,399	$ 2,498
Income taxes paid	$ 3,183	$ 1,576	$ 16,465	$ 7,855

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Acquisitions Acquisition Purchase Price Allocation (Tables)

9 Months Ended

Sep. 30, 2012

Acquisition Purchase Price Allocation [Abstract]

Business Combination, Separately Recognized Transactions [Table Text Block]

The preliminary allocation of the purchase price and the estimated non-deductible goodwill and other intangibles are as follows:     

Preliminary allocation of purchase price
(dollars in thousands)
Assets acquired:
Cash	$	630
Accounts receivable	$	5,467
Inventory	5,993
Property, plant and equipment	13,636
Intangibles	5,790
Deferred tax assets	435
Prepaid assets	1,451
Other	719
Assets acquired, less cash	$	33,491
Liabilities assumed:
Accounts payable and accruals	$	(3,134	)
Other taxes	(3,608		)
Other long-term liabilities	(2,293		)
Debt	(26,028		)
Deferred tax liabilities	(3,804		)
	$	(38,866	)
Goodwill	8,805
Total consideration, less cash acquired	$	3,430

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Restructuring (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ (400,000)	$ 2,200,000	$ 1,300,000
Gain (Loss) on Sale of Property Plant Equipment			(628,000)	(591,000)
Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		500,000		700,000
Lawn And Garden [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		300,000
Gain (Loss) on Disposition of Property [Member] | Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Sale of Property Plant Equipment	(100,000)	(500,000)	(400,000)
Impairment [Member] | Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			300,000
Severance and Non-Cancelable Lease Costs [Member] | Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	200,000			1,200,000
Non-Cancelable Lease Obligations [Member] | Engineered Products [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	800,000	100,000	1,000,000	300,000
Severance [Member] | Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			400,000
Severance [Member] | Lawn And Garden [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	500,000
Severance and Conulting and Other Related Charges [Member] | Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			300,000
Consulting and Other Related Costs [Member] | Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			300,000
Selling, General and Administrative (SG&A) [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	100,000		800,000
Cost of Goods Sold [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 800,000		$ 1,000,000

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Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Weighted average number of common shares outstanding during the period

Net income per common share, as shown on the Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the period as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2012	2011	2012	2011
Weighted average common shares outstanding
Basic	33,746,824	34,354,210	33,592,984	34,938,806
Dilutive effect of stock options and restricted stock	664,830	106,742	663,469	89,607
Weighted average common shares outstanding diluted	34,411,654	34,460,952	34,256,453	35,028,413

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Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.24	$ 0.21

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Condensed Consolidated Statements of Financial Position (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current Assets
Cash	$ 6,468	$ 6,801
Accounts receivable-less allowances of $2,913 and $3,863, respectively	111,967	105,830
Inventories
Finished and in-process products	82,084	67,721
Raw materials and supplies	38,388	27,496
Inventory net	120,472	95,217
Prepaid expenses	9,443	5,415
Deferred income taxes	5,371	5,189
Total Current Assets	253,721	218,452
Other Assets
Goodwill	53,645	44,666
Patents and other intangible assets	21,366	17,267
Other	7,689	7,438
Total other non current assets	82,700	69,371
Property, Plant and Equipment, at Cost
Land	4,528	4,540
Buildings and leasehold improvements	57,738	58,299
Machinery and equipment	434,380	412,704
Property, Plant and Equipment, at cost	496,646	475,543
Less allowances for depreciation and amortization	(350,942)	(334,609)
Property, plant and equipment, net	145,704	140,934
Total Assets	482,125	428,757
Current Liabilities
Accounts payable	68,313	64,717
Accrued expenses
Employee compensation	17,911	20,566
Income taxes	62	3,379
Taxes, other than income taxes	5,978	2,729
Accrued interest	770	161
Other	19,205	18,799
Current portion of long-term debt	305	305
Total Current Liabilities	112,544	110,656
Long-term debt, less current portion	96,380	73,725
Other liabilities	16,041	14,343
Deferred income taxes	28,070	23,893
Shareholders' Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	0	0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 33,752,703 and 33,420,488; net of treasury shares of 4,067,754 and 4,492,169 respectively)	20,483	20,312
Additional paid-in capital	270,039	265,000
Accumulated other comprehensive income	11,625	7,294
Retained deficit	(73,057)	(86,466)
Total Shareholder's Equity	229,090	206,140
Total Liabilities and Shareholder's Equity	$ 482,125	$ 428,757

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Retirement Plans

9 Months Ended

Sep. 30, 2012

Compensation and Retirement Disclosure [Abstract]

Retirement Plans

Retirement Plans

The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s frozen defined benefit pension plan ("The Pension Agreement between Akro-Mils and United Steelworkers of America Local No. 1761-02") provides benefits primarily based upon a fixed amount for each year of service as of the date the plan was frozen.

Net periodic pension cost for the three and nine months ended September 30, 2012 and 2011, respectively, are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Service cost	$	18		$	18		$	53		$	54
Interest cost	72			76			216			228
Expected return on assets	(77		)	(77		)	(230		)	(231		)
Amortization of actuarial net loss	25			16			75			48
Net periodic pension cost	$	38		$	33		$	114		$	99
Company contributions	$	339		$	116		$	538		$	268

The Company anticipates contributions totaling $661 thousand to its pension plan for the full year of 2012.

Effective January 1, 2012, the Company changed its profit sharing and 401(k) plan which includes an increase in the Company's matching contributions and the frequency of the Company's match. The Myers Industries Profit Sharing and 401(k) Plan is maintained for the Company's U.S. based employees, not covered under defined benefit plans, who have met eligibility service requirements.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Oct. 25, 2012
Document Information [Line Items]
Entity Registrant Name	MYERS INDUSTRIES INC
Entity Central Index Key	0000069488
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		33,754,516

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Income Taxes

9 Months Ended

Sep. 30, 2012

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The total amount of gross unrecognized tax benefits that would reduce the Company's effective tax rates was $0.3 million at September 30, 2012 and $1.1 million at December 31, 2011. The amount of accrued interest expense included as a liability within the Company's Condensed Consolidated Statements of Financial Position was less than $0.1 million at September 30, 2012 and $0.1 million at December 31, 2011. In 2012, the Company recognized approximately $0.8 million of previously reserved tax benefits, based on the settlement of various state and federal tax issues. The tax benefit related to this recognition was reduced by tax expense of $0.6 million on pension liability previously recognized in other comprehensive income.

For the quarter ended September 30, 2011, the Company recognized net favorable income tax adjustments of approximately $3.8 million that were largely the result of reversing previously reserved tax benefits related to the loss on the sale of one of our subsidiaries in 2007 due to lapse of statute of limitations and other tax adjustments.

During the quarter ended September 30, 2012, the Company finalized its examination of Federal income tax returns for 2009 and 2010 in the United States but is currently under examination for 2007 and 2008 in Canada, as well as certain states. The Company does not expect any significant changes to its unrecognized tax benefits in the next 12 months.

As of September 30, 2012, the Company and its significant subsidiaries are subject to examination for the years after 2006 in Brazil, after 2006 in Canada, and after 2010 in the United States. The Company and its subsidiaries are subject to examination in certain states within the United States starting after 2007 and in the remaining states after 2008.

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Condensed Consolidated Statements of Financial Position (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current Assets
Allowances for accounts receivable	$ 2,913	$ 3,863
Shareholders' Equity
Preferred Shares, shares authorized (in shares)	1,000,000	1,000,000
Preferred Shares, shares issued (in shares)	0	0
Preferred Shares, shares outstanding (in shares)	0	0
Common Shares, shares authorized (in shares)	60,000,000	60,000,000
Common Shares, shares outstanding (in shares)	33,752,703	33,420,488
Common shares, treasury (in shares)	4,067,754	4,492,169

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Net Income Per Common Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Net income per common share, as shown on the Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the period as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2012	2011	2012	2011
Weighted average common shares outstanding
Basic	33,746,824	34,354,210	33,592,984	34,938,806
Dilutive effect of stock options and restricted stock	664,830	106,742	663,469	89,607
Weighted average common shares outstanding diluted	34,411,654	34,460,952	34,256,453	35,028,413

Options to purchase 212,000 shares of common stock that were outstanding for both the three month period and nine month period ended September 30, 2012, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and their effect would be anti-dilutive. Options to purchase 692,810 and 1,159,679 shares of common stock that were outstanding for the three and nine months ended September 30, 2011, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and their effect would be anti-dilutive.

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Goodwill

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

The Company is required to test for impairment on at least an annual basis. In addition, the Company tests for impairment whenever events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. Such events may include, but are not limited to, significant changes in economic and competitive conditions, the impact of the economic environment on the Company's customer base or its businesses, or a material negative change in its relationships with significant customers. The Company conducts its annual impairment assessment as of October 1.

In September 2011, the FASB issued ASU No. 2011-08, Intangibles - Goodwill and Other (Topic 350), effective for fiscal years beginning after December 15, 2011. The update gives companies the option to perform a qualitative assessment that may enable them to forgo the annual two-step test for impairment. ASU No. 2011-08 allows a qualitative assessment to first be performed to determine whether it is more likely than not that the fair value of a reporting units is less than its carrying value. If a company concludes that this is the case, it must perform the two-step test. Otherwise a company does not have to perform the two-step test. The ASU also includes a revised list of events and circumstances to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company conducts its annual impairment assessment as of October 1, which includes adoption of this guidance.

The change in goodwill for the nine months ended September 30, 2012 was as follows:

(In thousands) Segment	Balance at January 1, 2012		Acquisitions		Foreign Currency Translation			Impairment		Balance at September 30, 2012
Distribution	$	214	$	—	$	—		$	—	$	214
Engineered Products	707		—		—			—		707
Material Handling	34,279		8,805		(24		)	—		43,060
Lawn and Garden	9,466		—		198			—		9,664
Total	$	44,666	$	8,805	$	174		$	—	$	53,645

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Goodwill (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

The change in goodwill

The change in goodwill for the nine months ended September 30, 2012 was as follows:

(In thousands) Segment	Balance at January 1, 2012		Acquisitions		Foreign Currency Translation			Impairment		Balance at September 30, 2012
Distribution	$	214	$	—	$	—		$	—	$	214
Engineered Products	707		—		—			—		707
Material Handling	34,279		8,805		(24		)	—		43,060
Lawn and Garden	9,466		—		198			—		9,664
Total	$	44,666	$	8,805	$	174		$	—	$	53,645

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Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

Using the criteria of ASC 280 Segment Reporting, the Company has four operating segments: Material Handling, Lawn and Garden, Distribution, and Engineered Products. Each of these operating segments is also a reportable segment under the ASC 280 criteria.

None of the reportable segments include operating segments that have been aggregated. Some of these segments contain individual business components that have been aggregated on the basis of common management, customers, products, production processes and economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.

Income before income taxes for each business segment is based on net sales less cost of products sold, and the related selling, administrative and general expenses. In computing business segment operating income, general corporate overhead expenses and interest expenses are not included.

	Three Months Ended September 30,						Nine Months Ended September 30,
Net Sales	2012			2011			2012			2011
Material Handling	$	76,151		$	72,070		$	201,632		$	204,808
Lawn and Garden	45,341			45,839			147,008			154,812
Distribution	45,065			48,785			131,991			136,511
Engineered Products	35,709			29,360			111,578			85,182
Intra-segment elimination	(4,976		)	(5,722		)	(15,029		)	(18,208		)
Net Sales	$	197,290		$	190,332		$	577,180		$	563,105

	Three Months Ended September 30,						Nine Months Ended September 30,
Income Before Income Taxes	2012			2011			2012			2011
Material Handling	$	12,530		$	8,870		$	34,903		$	27,526
Lawn and Garden	41			(1,413		)	(683		)	846
Distribution	3,343			4,564			11,152			11,651
Engineered Products	2,921			3,001			12,172			8,381
Corporate	(9,063		)	(7,763		)	(20,663		)	(20,103		)
Interest expense-net	(1,194		)	(1,264		)	(3,328		)	(3,655		)
Income before income taxes	$	8,578		$	5,995		$	33,553		$	24,646

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Stock Compensation

9 Months Ended

Sep. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Compensation

Stock Compensation

The Company’s 2008 Incentive Stock Plan (the “2008 Plan”) authorizes the Compensation Committee of the Board of Directors to issue up to 3,000,000 shares of various types of stock based awards including stock options, restricted stock and stock appreciation rights to key employees and directors. In general, options granted and outstanding vest over a three year period and expire ten years from the date of grant.

Stock compensation expense reduced income before taxes approximately $0.6 million and $0.5 million for the three months ended September 30, 2012 and 2011, respectively. Stock compensation expense reduced income before taxes approximately $2.1 million and $2.2 million for the nine month periods ended September 30, 2012 and 2011, respectively. These expenses are included in SG&A expenses in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited). Total unrecognized compensation cost related to non-vested share based compensation arrangements at September 30, 2012 was approximately $4.6 million which will be recognized over the next three years, as such compensation is earned.

On March 2, 2012, stock options for 323,950 shares were granted with a three year vesting period. The fair value of options granted is estimated using a binomial lattice option pricing model based on assumptions set forth in the following table. The Company uses historical data to estimate employee exercise and departure behavior. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant and through the expected term. The dividend yield rate is based on the Company’s historical dividend yield. The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole.

Model
Risk free interest rate	2.00		%
Expected dividend yield	2.20		%
Expected life of award (years)	5.4
Expected volatility	50.00		%
Fair value per option share	$	4.93

The following table provides a summary of stock option activity for the period ended September 30, 2012:

	Shares		Average Exercise Price		Weighted Average Life
Outstanding at January 1, 2012	1,997,778		$	11.33
Options Granted	323,950		12.96
Options Exercised	(281,324	)	11.07
Cancelled or Forfeited	(25,199	)	11.05
Outstanding at September 30, 2012	2,015,205		$	11.61	6.59 years
Exercisable at September 30, 2012	1,363,466		$	11.62

The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The total intrinsic value of all stock options exercised during the nine months ended September 30, 2012 and 2011 was approximately $1.5 million and $16 thousand, respectively.

On March 2, 2012, 90,495 shares of restricted stock were granted with a three year vesting period. The restricted stock had a grant date fair value of $12.96 per share, which was the closing price of the common stock on the date of grant. On August 31, 2012, 75,000 restricted shares were granted at a fair value of $14.80 per share and vest on December 31, 2015.

The following table provides a summary of restricted stock activity for the nine months ended September 30, 2012:

	Shares		Average Grant-Date Fair Value
Unvested shares at January 1, 2012	288,500
Granted	165,495		$	13.79
Vested	(40,500	)	—
Forfeited	(32,275	)	10.03
Unvested shares at September 30, 2012	381,220		$	11.01

The restricted stock awards are rights to receive shares of common stock, subject to forfeiture and other restrictions, which generally vest over a three to four year period. Restricted shares are considered to be non-vested shares under the accounting guidance for share-based payment and are not reflected as issued and outstanding shares until the restrictions lapse. At that time, the shares are released to the grantee and the Company records the issuance of the shares. Restricted shares are valued based on the market price of the underlying shares on the grant date. At September 30, 2012, shares of restricted stock had vesting periods up through December 2015.

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Supplemental Disclosure of Cash Flow Information

9 Months Ended

Sep. 30, 2012

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosure of Cash Flow Information

Supplemental Disclosure of Cash Flow Information

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2012		2011		2012		2011
Interest paid	$	491	$	441	$	2,399	$	2,498
Income taxes paid	$	3,183	$	1,576	$	16,465	$	7,855

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Restructuring

9 Months Ended

Sep. 30, 2012

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

During the nine months ended September 30, 2012 and 2011, the Company recorded total expenses of $2.2 million and $1.3 million, respectively, for costs associated with restructuring plans including impairment of property, plant and equipment, lease obligations, severance, consulting and other related charges. Gains on the sale of facilities were approximately $0.4 million and $0.5 million for the nine months ended September 30, 2012 and 2011, respectively. Estimated lease obligations associated with closed facilities were based on level 2 inputs.

In the three and nine months ended September 30, 2012, the Company recorded net expenses of $0.1 million and $0.8 million, respectively, in selling, general and administrative ("SG&A") expenses and $0.8 million and $1.0 million, respectively, in cost of goods sold for costs associated with restructuring plans including non-cancelable lease obligations, severance, consulting and other related charges.

In the three months ended September 30, 2012, restructuring costs included charges of $0.2 million in the Distribution Segment related to severance and consulting costs offset by a gain of $0.1 million on the sale of one facility. Restructuring charges of $0.8 million related to lease termination charges were recorded in the Engineered Products Segment.

In the nine months ended September 30, 2012, net restructuring costs of $0.3 million were recorded in the Distribution Segment. These costs were related to charges for severance of $0.4 million and consulting and other related charges of $0.3 million offset by a gain of $0.4 million on the sale of four facilities. In the Engineered Products Segment, restructuring charges of $1.0 million were recorded for the nine month period ended September 30, 2012 related to non-cancelable lease costs and termination charges. The Lawn and Garden Segment had $0.5 million of restructuring charges through the first nine months of 2012 for severance costs incurred.

In the three and nine months ended September 30, 2011, the Company recorded expenses of $(0.4) million and $1.3 million, respectively, related to restructuring activities. Restructuring costs in the three months ended September 30, 2011 included charges of $0.5 million in the Distribution Segment related to severance and non-cancelable lease costs offset by a gain of $0.5 million on the sale of a facility. In addition, $0.1 million of restructuring charges were recorded in the Engineered Products Segment. In the nine months ended September 30, 2011, net restructuring costs of $0.7 million in the Distribution Segment related to charges of $1.2 million offset by a gain of $0.5 million from a sale of a facility and a $0.3 million write-down for an idle Lawn and Garden manufacturing facility in the first quarter. In the Engineered Products Segment, restructuring charges of $0.3 million were recorded for the nine month period ended September 30, 2011 related to non-cancelable lease costs.

The amounts for severance and other exit costs associated with restructuring are included in Other Accrued expenses on the accompanying Condensed Consolidated Statements of Financial Position.

	Severance and			Other
(Dollars in thousands)	Personnel			Exit Costs			Total
Balance at January 1, 2012	$	—		$	605		$	605
Provision	783			1,323			2,106
Less: Payments	(783		)	(728		)	(1,511		)
Balance at September 30, 2012	$	—		$	1,200		$	1,200

As a result of restructuring activity including plant closures, approximately $5.7 million of property, plant, and equipment has been classified as held for sale at both September 30, 2012 and December 31, 2011, and is included in other assets in the Condensed Consolidated Statements of Financial Position. The Company is actively pursuing the sale of these facilities.

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Contingencies

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Contingencies

The Company is a defendant in various lawsuits and a party to various other legal proceedings, in the ordinary course of business, some of which are covered in whole or in part by insurance.

Other

In October 2009, an employee was fatally wounded while performing maintenance at the Company’s manufacturing facility in Springfield, Missouri. On February 22, 2011, the family of the deceased filed a civil complaint against the manufacturer of the press involved in the incident and the Buckhorn Inc. employee involved in the incident. The Company has been brought into the lawsuit by the plaintiff as an additional defendant. The manufacturer of the press has filed a cross claim for indemnity against Buckhorn. At this time the Company is not able to determine whether this proceeding or the incident will result in legal exposure to the Company, or if any such liability that results would be material to the Company’s financial statements. The Company believes that it has adequate insurance to resolve any claims resulting from this incident.

When management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the estimated loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable of occurrence than another. As additional information becomes available, any potential liability related to these matters will be assessed and the estimates will be revised, if necessary.

Based on current available information, management believes that the ultimate outcome of these matters will not have a material adverse effect on our financial position or overall trends in our results of operations. However, these matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which the ruling occurs, or in future periods.

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Net Income Per Common Share Weighted average number of common shares outstanding during the period (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share [Abstract]
Options to purchase common stock outstanding (in shares)	212,000	692,810	212,000	1,159,679
Weighted average common shares outstanding
Basic (in shares)	33,746,824	34,354,210	33,592,984	34,938,806
Dilutive effect of stock options and restricted stock (in shares)	664,830	106,742	663,469	89,607
Weighted average common shares outstanding diluted (in shares)	34,411,654	34,460,952	34,256,453	35,028,413

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Statement of Accounting Policy (Tables)

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The balances in the Company's accumulated other comprehensive income

The balances in the Company's accumulated other comprehensive income as of September 30, 2012 and September 30, 2011 are as follows:

							Accumulated
				Defined			other
	Foreign			benefit			comprehensive
	currency			pension plan			income
Balance at January 1, 2011	$	12,234		$	(2,070	)	$	10,164
Current-period other comprehensive income	1,810			—			1,810
Balance at March 31, 2011	$	14,044		$	(2,070	)	$	11,974
Current-period other comprehensive income	824			—			824
Balance at June 30, 2011	$	14,868		$	(2,070	)	$	12,798
Current-period other comprehensive income	(6,177		)	—			(6,177		)
Balance at September 30, 2011	$	8,691		$	(2,070	)	$	6,621
Balance at January 1, 2012	$	9,994		$	(2,700	)	$	7,294
Current-period other comprehensive income	1,385			—			1,385
Tax effect of pension liability from prior periods	—			632			632
Balance at March 31, 2012	$	11,379		$	(2,068	)	$	9,311
Current-period other comprehensive income	(612		)	—			(612		)
Balance at June 30, 2012	$	10,767		$	(2,068	)	$	8,699
Current-period other comprehensive income	2,926			—			2,926
Balance at September 30, 2012	$	13,693		$	(2,068	)	$	11,625

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Restructuring (Tables)

9 Months Ended

Sep. 30, 2012

Restructuring and Related Activities [Abstract]

Restructuring Reserve

The amounts for severance and other exit costs associated with restructuring are included in Other Accrued expenses on the accompanying Condensed Consolidated Statements of Financial Position.

	Severance and			Other
(Dollars in thousands)	Personnel			Exit Costs			Total
Balance at January 1, 2012	$	—		$	605		$	605
Provision	783			1,323			2,106
Less: Payments	(783		)	(728		)	(1,511		)
Balance at September 30, 2012	$	—		$	1,200		$	1,200

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Stock Compensation Summary of restricted stock activity (Details) (Restricted Stock [Member], USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2012	Mar. 31, 2012	Sep. 30, 2011	Mar. 31, 2011	Sep. 30, 2012
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares at January 1, 2012 (in shares)		288,500			288,500
Granted (in shares)	75,000,000			90,495,000	165,495
Granted, Average Grant Date Fair Value (in dollars per share)		$ 12.96	$ 14.80		$ 13.79
Vested (in shares)					(40,500)
Vested, Average Grant Date Fair Value (in dollars per share)					$ 0
Forfeited (in shares)					(32,275)
Forfeited, Average Grant Date Fair Value (in dollars per share)					$ 10.03
Unvested shares at June 30, 2012 (in shares)	381,220				381,220
Unvested shares at June 30, 2012, Average Grant Date Fair Value (in dollars per share)	$ 11.01				$ 11.01

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash Flows From Operating Activities
Net income	$ 21,441	$ 18,591
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	22,287	24,102
Impairment charges and asset write-offs	0	814
Amortization of intangible assets	2,331	2,210
Non-cash stock compensation	2,134	2,151
Payments for long-term incentive compensation	(333)	0
(Recovery of) provision for loss on accounts receivable	(1,019)	1,179
Deferred taxes	428	635
Other long-term liabilities	2,037	3,015
Gain on sale of property, plant and equipment	(628)	(591)
Other	50	50
Cash flow provided by (used for) working capital:
Accounts receivable	664	(5,024)
Inventories	(18,611)	(8,759)
Prepaid expenses	(2,563)	2,294
Accounts payable and accrued expenses	(4,877)	(422)
Net cash provided by operating activities	23,341	40,245
Cash Flows From Investing Activities
Additions to property, plant and equipment	(15,236)	(13,337)
Acquisition of business, net of cash acquired	3,430	1,100
Proceeds from sale of property, plant and equipment	1,975	1,082
Other	100	(92)
Net cash used for investing activities	(16,591)	(13,447)
Cash Flows From Financing Activities
Repayment of long term debt	(26,333)	(305)
Net borrowing on credit facility	20,410	(2,907)
Cash dividends paid	(7,642)	(7,163)
Proceeds from issuance of common stock	3,026	173
Repurchase of common stock	0	(18,821)
Net cash provided by (used for) financing activities	(10,539)	(29,023)
Foreign Exchange Rate Effect on Cash	3,456	371
Net increase in cash	(333)	(1,854)
Cash at January 1	6,801	4,705
Cash at September 30	$ 6,468	$ 2,851

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Acquisitions

9 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Acquisitions

Acquisitions

In July 2012, the Company acquired 100% of the stock of Plasticos Novel do Nordeste S.A. ("Novel"), a Brazil-based designer and manufacturer of reusable plastic crates and containers used for closed-loop shipping and storage. Novel also produces a diverse range of plastic industrial safety products. The total purchase price was approximately $31.0 million, which includes a cash payment of $3.4 million, net of $0.6 million of cash acquired, assumed debt of approximately $26.0 million and contingent consideration of $0.9 million based on an earnout. The contingent consideration is contingent upon the results of Novel exceeding predefined earnings before interest, taxes, depreciation and amortization over the next four years.

The operating results of the business acquired have been included in our Material Handling Segment since the date of acquisition. Had this acquisition occurred as of the beginning of the periods presented in these condensed consolidated financial statements, the pro-forma statements of income would not be materially different than the condensed consolidated statements presented. The preliminary allocation of the purchase price and the estimated non-deductible goodwill and other intangibles are as follows:     

Preliminary allocation of purchase price
(dollars in thousands)
Assets acquired:
Cash	$	630
Accounts receivable	$	5,467
Inventory	5,993
Property, plant and equipment	13,636
Intangibles	5,790
Deferred tax assets	435
Prepaid assets	1,451
Other	719
Assets acquired, less cash	$	33,491
Liabilities assumed:
Accounts payable and accruals	$	(3,134	)
Other taxes	(3,608		)
Other long-term liabilities	(2,293		)
Debt	(26,028		)
Deferred tax liabilities	(3,804		)
	$	(38,866	)
Goodwill	8,805
Total consideration, less cash acquired	$	3,430

These assets and liabilities are recorded at fair value as of the date of acquisition using primarily level 3 fair value inputs. Intangible assets included in the acquisition of Novel include trade name of $1.6 million, know-how of $1.8 million and customer relationships of $2.4 million. The know-how and customer relationships are subject to amortization and have estimated useful lives of 10 and 6 years, respectively. The Novel trade name has an indefinite life and will be subject to evaluation for impairment. The Company is awaiting final valuation studies to complete the purchase price allocation.

On October 1, 2012, the Company acquired 100% of the stock of Jamco Products Inc. ("Jamco"), an Illinois corporation for $15.0 million, subject to closing adjustments. Jamco is a leading designer and manufacturer of heavy-duty industrial steel carts and safety cabinets. The business will be included in the Material Handling Segment. The Company has just begun the purchase price allocation determination.

In July 2011, the Company acquired tooling assets and intellectual property for a new reusable plastic container used in producing, shipping and processing bulk natural cheese from Material Improvements L.P. The total purchase price was $5.7 million, comprised of a $1.1 million cash payment and $4.6 million contingent consideration, none of which has been paid as of September 30, 2012. The allocation of purchase price included $0.3 million of property, plant and equipment, amortizable intangible assets, which included $1.3 million in technology and $0.2 million for trade name, and $3.9 million in goodwill. These assets and liabilities incurred were recorded at estimated fair value as of the date of the acquisition using primarily level 3 inputs. The operating results of the business acquired have been included in our Material Handling Segment since the date of acquisition.

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Stock Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair Value of stock options granted assumptions used

The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole.

Model
Risk free interest rate	2.00		%
Expected dividend yield	2.20		%
Expected life of award (years)	5.4
Expected volatility	50.00		%
Fair value per option share	$	4.93

Summary of stock option activity for the period

The following table provides a summary of stock option activity for the period ended September 30, 2012:

	Shares		Average Exercise Price		Weighted Average Life
Outstanding at January 1, 2012	1,997,778		$	11.33
Options Granted	323,950		12.96
Options Exercised	(281,324	)	11.07
Cancelled or Forfeited	(25,199	)	11.05
Outstanding at September 30, 2012	2,015,205		$	11.61	6.59 years
Exercisable at September 30, 2012	1,363,466		$	11.62

Summary of restricted stock activity for the period

The following table provides a summary of restricted stock activity for the nine months ended September 30, 2012:

	Shares		Average Grant-Date Fair Value
Unvested shares at January 1, 2012	288,500
Granted	165,495		$	13.79
Vested	(40,500	)	—
Forfeited	(32,275	)	10.03
Unvested shares at September 30, 2012	381,220		$	11.01

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Stock Compensation (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended		3 Months Ended				9 Months Ended
	Mar. 02, 2012	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012 Restricted Stock [Member]	Mar. 31, 2012 Restricted Stock [Member]	Sep. 30, 2011 Restricted Stock [Member]	Mar. 31, 2011 Restricted Stock [Member]	Sep. 30, 2012 Restricted Stock [Member]	Sep. 30, 2012 Restricted Stock [Member] Minimum [Member]	Sep. 30, 2012 Restricted Stock [Member] Maximum [Member]	Sep. 30, 2012 2008 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under plan (in shares)													3,000,000
Allocated Share-based Compensation Expense		$ 600,000	$ 500,000	$ 2,100,000	$ 2,200,000
Total unrecognized compensation cost related to non-vested share based compensation arrangements		4,600,000		4,600,000
Options Granted (in shares)				323,950
Vesting period, in years	3 years			3 years						3 years	3 years	4 years
Expiration period, in years				10 years
The total intrinsic value of all stock options exercised				$ 1,500,000	$ 16,000
Granted (in shares)						75,000,000			90,495,000	165,495
Granted, Average Grant Date Fair Value (in dollars per share)							$ 12.96	$ 14.80		$ 13.79
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Term				3 years

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Statement of Accounting Policy Statement of Accounting Policy (Policies)

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Translation of Foreign Currencies

Translation of Foreign Currencies

All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income as a separate component of shareholders' equity.

Fair Value Measurement

Fair Value Measurement

The Company follows guidance included in ASC 820, Fair Value Measurements and Disclosures, for its financial assets and liabilities, as required. The guidance established a common definition for fair value to be applied to U.S. GAAP requiring the use of fair value, established a framework for measuring fair value, and expanded disclosure requirements about such fair value measurements. The guidance did not require any new fair value measurements, but rather applied to all other accounting pronouncements that require or permit fair value measurements. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly.

Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions.

The fair value of the Company’s cash, accounts receivable, accounts payable and accrued expenses are considered to have a fair value which approximates carrying value due to the nature and relative short maturity of these assets and liabilities.

Revenue Recognition

Revenue Recognition

The Company recognizes revenues from the sale of products, net of actual and estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.