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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash $ 7,263 $ 6,554
Receivables 50,133 45,584
Inventories:    
Finished goods 17,704 19,872
Work in process 12,330 13,340
Raw materials 30,905 27,785
Total inventories 60,939 60,997
Prepaid expenses and other current assets 3,994 4,343
Deferred income taxes 4,834 3,896
Total current assets 127,163 121,374
Property, plant and equipment, at cost:    
Land and improvements 8,941 8,919
Buildings and improvements 55,018 51,090
Machinery and equipment 100,179 92,751
Property, plant and equipment, at cost: 164,138 152,760
Less accumulated depreciation (87,722) (82,276)
Net property, plant and equipment 76,416 70,484
Intangible assets, at cost less accumulated amortization 57,317 58,351
Prepaid pension 4,312 0
Other assets 6,155 4,314
Goodwill 44,695 35,930
Total assets 316,058 290,453
Current liabilities:    
Short-term debt 70,045 66,730
Payables 18,554 15,551
Accrued compensation and employee benefits 7,337 9,821
Warranty and after-sale costs 882 881
Income and other taxes 1,223 1,097
Total current liabilities 98,041 94,080
Other long-term liabilities 1,324 1,086
Deferred income taxes 9,790 8,692
Accrued non-pension postretirement benefits 5,934 6,489
Other accrued employee benefits 4,406 8,859
Commitments and contingencies (Note 6)      
Shareholders’ equity:    
Common Stock, $1 par; authorized 40,000,000 shares; issued 20,503,604 shares in 2013 and 20,441,184 shares in 2012 20,504 20,441
Capital in excess of par value 45,627 41,755
Reinvested earnings 170,318 155,694
Accumulated other comprehensive loss (7,524) (13,948)
Less: Employee benefit stock (1,075) (1,234)
Treasury stock, at cost; 6,091,728 shares in 2013 and 6,127,155 shares in 2012 (31,287) (31,461)
Total shareholders’ equity 196,563 171,247
Total liabilities and shareholders’ equity $ 316,058 $ 290,453