Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 29,186	$ 32,126
Accounts receivable, less allowances of $1,674 ($1,627 in 2011)	74,534	68,949
Inventories-net	91,862	88,613
Deferred income taxes	4,754	5,263
Prepaids	5,824	6,321
Prepaid taxes	1,570	1,933
Other current assets	2,341	2,285
TOTAL CURRENT ASSETS	210,071	205,490
Property, plant and equipment-net	93,102	82,860
Patents and other intangibles-net	15,129	11,352
Goodwill	14,776	12,199
Deferred income taxes	5,813	5,585
Other assets	10,097	9,862
TOTAL ASSETS	348,988	327,348
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	1,500	2,030
Current portion of long-term debt	584	601
Trade accounts payable	26,256	25,630
Accrued compensation and amounts withheld from employees	14,137	11,472
Accrued expenses and other liabilities	14,287	12,510
Accrued profit-sharing and other benefits	2,699	4,686
Dividends payable	1,104	1,095
Income taxes payable and deferred income taxes	2,810	3,809
TOTAL CURRENT LIABILITIES	63,377	61,833
Long-term debt, less current portion	33,652	27,991
Unfunded pension obligation	15,866	15,786
Income taxes payable, noncurrent	1,905	1,835
Deferred income taxes	4,548	3,255
Other noncurrent liabilities	3,942	3,790
PLPC Shareholders' equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,332,454 and 5,333,630 issued and outstanding, net of 640,638 and 639,138 treasury shares at par, respectively, at March 31, 2012 and December 31, 2011	10,665	10,667
Common shares issued to rabbi trust	(3,807)	(3,812)
Deferred compensation liability	3,807	3,812
Paid in capital	13,239	12,718
Retained earnings	213,451	206,512
Accumulated other comprehensive loss	(11,657)	(17,039)
TOTAL SHAREHOLDERS' EQUITY	225,698	212,858
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 348,988	$ 327,348

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.