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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 23,751$ 22,655
Accounts receivable, less allowances of $1,816 ($1,213 in 2010)68,95956,102
Inventories - net85,01473,121
Deferred income taxes6,2624,784
Prepaids7,9386,923
Prepaid taxes1,9012,146
Other current assets2,2621,611
TOTAL CURRENT ASSETS196,087167,342
Property and equipment - net78,85576,266
Patents and other intangibles - net11,65412,735
Goodwill12,22212,346
Deferred income taxes4,0323,615
Other assets9,3858,675
TOTAL ASSETS312,235280,979
LIABILITIES AND SHAREHOLDERS' EQUITY  
Notes payable to banks2,6861,246
Current portion of long-term debt6051,276
Trade accounts payable27,31727,001
Accrued compensation and amounts withheld from employees16,0789,848
Accrued expenses and other liabilities13,0279,088
Accrued profit-sharing and other benefits4,5584,464
Dividends payable1,0951,087
Income taxes payable and deferred income taxes5,4302,548
TOTAL CURRENT LIABILITIES70,79656,558
Long-term debt, less current portion13,3819,374
Unfunded pension obligation9,5749,473
Income taxes payable, noncurrent1,8191,768
Deferred income taxes3,3623,606
Other noncurrent liabilities3,4943,535
PLPC Shareholders' equity:  
Common stock - $2 par value per share, 15,000,000 shares authorized, 5,248,396 and 5,270,977 issued and outstanding, net of 639,138 and 586,746 treasury shares at par, respectively10,49710,542
Common shares issued to rabbi trust(1,280)(1,200)
Deferred compensation liability1,2801,200
Paid in capital12,0928,748
Retained earnings198,668184,060
Accumulated other comprehensive loss(11,448)(6,010)
TOTAL PLPC SHAREHOLDERS' EQUITY209,809197,340
Noncontrolling interest0(675)
TOTAL SHAREHOLDERS' EQUITY209,809196,665
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 312,235$ 280,979