Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 32,126	$ 22,655
Accounts receivable, less allowances of $1,627 ($1,213 in 2010)	68,949	56,102
Inventories--net	88,613	73,121
Deferred income taxes	5,263	4,784
Prepaids	6,321	6,923
Prepaid taxes	1,933	2,146
Other current assets	2,285	1,611
TOTAL CURRENT ASSETS	205,490	167,342
Property, plant and equipment--net	82,860	76,266
Patents and other intangibles--net	11,352	12,735
Goodwill	12,199	12,346
Deferred income taxes	5,585	3,615
Other assets	9,862	8,675
TOTAL ASSETS	327,348	280,979
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	2,030	1,246
Current portion of long-term debt	601	1,276
Trade accounts payable	25,630	27,001
Accrued compensation and amounts withheld from employees	11,472	9,848
Accrued expenses and other liabilities	12,510	9,088
Accrued profit-sharing and other benefits	4,686	4,464
Dividends payable	1,095	1,087
Income taxes payable and deferred income taxes	3,809	2,548
TOTAL CURRENT LIABILITIES	61,833	56,558
Long-term debt, less current portion	27,991	9,374
Unfunded pension obligation	15,786	9,473
Income taxes payable, noncurrent	1,835	1,768
Deferred income taxes	3,255	3,606
Other noncurrent liabilities	3,790	3,535
PLPC Shareholders' equity:
Common shares-$2 par value per share, 15,000,000 shares authorized, 5,333,630 and 5,270,977 issued and outstanding, net of 639,138 and 586,746 treasury shares at par, respectively, at December 31, 2011 and December 31, 2010	10,667	10,542
Common shares issued to rabbi trust	(3,812)	(1,200)
Deferred compensation liability	3,812	1,200
Paid in capital	12,718	8,748
Retained earnings	206,512	184,060
Accumulated other comprehensive loss	(17,039)	(6,010)
TOTAL PLPC SHAREHOLDERS' EQUITY	212,858	197,340
Noncontrolling interest	0	(675)
TOTAL SHAREHOLDERS' EQUITY	212,858	196,665
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 327,348	$ 280,979

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Also represents the current portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A current taxable temporary difference is a difference between the tax basis and the carrying amount of a current asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carry forwards, is classified according to the expected reversal date of the temporary difference.

No definition available.