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Other Financial Statement Information

12 Months Ended

Dec. 31, 2012

Significant Accounting policies/Other Financial Statement Information [Abstract]

Note B—Other Financial Statement Information

Inventories – net


	December 31
	2012			2011
Finished products	$	41,474		$	42,382
Work-in-process		7,940			9,196
Raw materials		46,133			46,700

		95,547			98,278
Excess of current cost over LIFO cost		(4,674	)		(5,611	)
Noncurrent portion of inventory		(3,957	)		(4,054	)

	$	86,916		$	88,613

Costs for inventories of certain material are determined using the LIFO method and totaled approximately $30.2 million and $28.3 million at December 31, 2012 and 2011, respectively.

Property and equipment – net

Major classes of property, plant and equipment are as follows:


	December 31
	2012		2011
Land and improvements	$	13,190	$	10,283
Buildings and improvements		59,505		56,303
Machinery and equipment		138,533		125,668
Construction in progress		7,242		6,447

		218,470		198,701
Less accumulated depreciation		125,144		115,841

	$	93,326	$	82,860

Depreciation of property and equipment was $10 million in 2012, $9.3 million in 2011 and $8 million in 2010. Machinery and equipment includes $.4 million and $.5 million of capital leases at December 31, 2012 and 2011, respectively.

Legal proceedings

From time to time, the Company may be subject to litigation incidental to its business. The Company is not a party to any pending legal proceedings that the Company believes would, individually or in the aggregate, have a material adverse effect on its financial condition, results of operations or cash flows.