XML 16 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 71,647 $ 80,135
Short-term investments 3,704 186
Accounts receivable, less allowance for doubtful accounts of $1,220 and $1,630 89,242 61,995
Accounts receivable from joint ventures 2,254 1,338
Accounts receivable, other 3,159 3,773
Taxes receivable 247 1,706
Inventories 71,517 47,574
Prepaid income taxes 3,580 1,938
Deferred income taxes 1,485 1,492
Asbestos-related insurance receivables 8,563 8,563
Assets held for sale 2,548 5,841
Other current assets 10,158 7,042
Total current assets 268,104 221,583
Property, plant and equipment, net of accumulated depreciation of $227,818 and $182,435 155,080 120,087
Investments in unconsolidated joint ventures 25,664 25,452
Deferred income taxes 15,168 17,120
Goodwill and other intangibles 185,068 35,984
Asbestos-related insurance receivables 20,733 20,733
Long-term marketable securities 26,773 33,592
Investments, other 5,000 5,000
Other long-term assets 7,905 5,323
Total assets 709,495 484,874
Current liabilities    
Accounts payable 22,423 16,296
Accrued employee benefits and compensation 26,009 26,692
Accrued income taxes payable 4,371 1,528
Current portion of lease obligation 1,786  
Asbestos-related liabilities 8,563 8,563
Other current liabilities 13,625 12,362
Total current liabilities 76,777 65,441
Long term debt 135,000  
Long term lease obligation 9,046  
Pension liability 31,980 31,980
Retiree health care and life insurance benefits 8,144 8,144
Asbestos-related liabilities 21,159 21,159
Non-current income tax 18,610 15,339
Deferred income taxes 24,857 8,745
Other long-term liabilities 597 3,534
Shareholders' Equity    
Capital Stock - $1 par value; 50,000,000 authorized shares; 16,044,317 and 15,841,341 shares outstanding 16,044 15,841
Additional paid-in capital 42,458 33,194
Retained earnings 316,607 295,044
Accumulated other comprehensive income (loss) 8,216 (13,547)
Total shareholders' equity 383,325 330,532
Total liabilities and shareholders' equity $ 709,495 $ 484,874