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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 16,575 $ 13,574
Restricted cash 1,106 1,152
Receivables (net of allowance of $878 and $1,200) 102,426 102,540
Revenue recognized in excess of billings on uncompleted contracts 15,631 9,911
Inventories 118,297 118,348
Deferred income taxes - current 16,331 19,190
Other current assets 13,766 13,226
Total current assets 284,132 277,941
Property, plant and equipment, net 253,791 234,549
Intangibles 8,114 7,579
Goodwill 26,833 26,839
Deferred income taxes - long-term 2,397 2,805
Other assets 3,094 3,277
Total assets 578,361 552,990
Current liabilities:    
Accounts payable and accrued liabilities 73,482 72,437
Billings in excess of revenue recognized on uncompleted contracts 3,950 4,183
Payroll and benefits payable 9,320 12,178
Accrued income taxes 801 923
Short-term debt 35,065 22,894
Current portion of long-term debt 2,572 3,372
Total current liabilities 125,190 115,987
Long-term debt 284 1,103
Deferred income taxes - long-term 12,192 14,771
Accrued pension and other liabilities 46,139 44,012
Total liabilities 183,805 175,873
Commitments and contingencies (Note 7)      
Shareholders' equity:    
Common shares, $.01 par value, 100,000,000 shares authorized, 59,541,949 and 59,381,636 shares issued 595 594
Additional paid-in capital 176,102 174,074
Retained earnings 265,861 247,239
Accumulated other comprehensive loss (16,311) (13,517)
Total of shareholder's equity before adjusting treasury stock 426,247 408,390
Treasury stock, at cost, 3,128,203 and 3,100,419 shares (31,691) (31,273)
Total shareholders' equity 394,556 377,117
Total liabilities and shareholders' equity $ 578,361 $ 552,990