CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 79,728	$ 80,135
Short-term investments		186
Accounts receivable, less allowance for doubtful accounts of $1,040 and $1,630	77,682	61,917
Accounts receivable from joint ventures	1,640	1,338
Accounts receivable, other	3,819	3,773
Taxes receivable	2,713	1,706
Inventories	78,320	47,525
Prepaid income taxes	4,315	1,938
Deferred income taxes	2,146	1,492
Asbestos-related insurance receivables	6,459	8,563
Assets held for sale	1,400	5,841
Other current assets	7,360	6,892
Assets of discontinued operations	50	277
Total current assets	265,632	221,583
Property, plant and equipment, net of accumulated depreciation of $198,075 and $180,879	148,182	118,804
Investments in unconsolidated joint ventures	23,868	25,452
Deferred income taxes	20,117	17,120
Goodwill and other intangibles	158,627	35,984
Asbestos-related insurance receivables	21,943	20,733
Long-term marketable securities	25,960	33,592
Investments, other	5,000	5,000
Other long-term assets	8,299	5,323
Assets of discontinued operations		1,283
Total assets	677,628	484,874
Current liabilities
Accounts payable	15,787	16,162
Accrued employee benefits and compensation	30,135	26,692
Accrued income taxes payable	1,799	1,528
Current portion of lease obligation	1,596
Current portion of long-term debt	7,500
Asbestos-related liabilities	6,459	8,563
Other current liabilities	15,368	12,349
Liabilities from discontinued operations	153	147
Total current liabilities	78,797	65,441
Pension liability	68,871	31,980
Long-term debt	115,000
Long-term lease obligation	7,610
Retiree health care and life insurance benefits	9,486	8,144
Asbestos-related liabilities	22,326	21,159
Noncurrent income tax	17,588	15,339
Deferred income taxes	19,259	8,745
Other long-term liabilities	435	3,534
Shareholders' Equity
Capital Stock - $1 par value; 50,000,000 authorized shares; 16,220,648 and 15,841,341 shares outstanding	16,221	15,841
Additional paid-in capital	52,738	33,194
Retained earnings	332,099	295,044
Accumulated other comprehensive income (loss)	(62,802)	(13,547)
Total shareholders' equity	338,256	330,532
Total liabilities and shareholders' equity	$ 677,628	$ 484,874