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Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 6,554 $ 4,975
Receivables 45,584 41,168
Inventories:    
Finished goods 19,872 13,476
Work in process 13,340 11,377
Raw materials 27,785 24,583
Total inventories 60,997 49,436
Prepaid expenses and other current assets 4,343 2,266
Deferred income taxes 3,896 3,350
Total current assets 121,374 101,195
Property, plant and equipment, at cost:    
Land and improvements 8,919 8,011
Buildings and improvements 51,090 49,840
Machinery and equipment 92,751 87,077
Property, plant and equipment, at cost: 152,760 144,928
Less accumulated depreciation (82,276) (78,826)
Net property, plant and equipment 70,484 66,102
Intangible assets, at cost less accumulated amortization 58,351 33,680
Other assets 4,314 6,259
Deferred income taxes 0 2,309
Goodwill 35,930 9,365
Total assets 290,453 218,910
Current liabilities:    
Short-term debt 66,730 1,790
Payables 15,551 11,365
Accrued compensation and employee benefits 9,821 6,734
Warranty and after-sale costs 881 1,593
Income and other taxes 1,097 931
Total current liabilities 94,080 22,413
Other long-term liabilities 1,086 1,078
Deferred income taxes 8,692 0
Accrued non-pension postretirement benefits 6,489 6,103
Other accrued employee benefits 8,859 10,035
Commitments and contingencies (Note 6)      
Shareholders’ equity:    
Common Stock, $1 par; authorized 40,000,000 shares; issued 20,441,184 shares in 2012 and 21,292,030 shares in 2011 20,441 21,292
Capital in excess of par value 41,755 39,445
Reinvested earnings 155,694 166,271
Accumulated other comprehensive loss (13,948) (14,566)
Less: Employee benefit stock (1,234) (1,485)
Treasury stock, at cost; 6,127,155 shares in 2012 and 6,169,329 shares in 2011 (31,461) (31,676)
Total shareholders’ equity 171,247 179,281
Total liabilities and shareholders’ equity $ 290,453 $ 218,910