CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 31,198	$ 28,120
Accounts receivable, less allowances of $1,944 ($2,039 in 2012)	67,089	61,695
Inventories-net	78,692	86,916
Deferred income taxes	5,884	6,557
Prepaids	6,169	5,652
Prepaid taxes	3,146	2,729
Other current assets	3,561	2,432
TOTAL CURRENT ASSETS	195,739	194,101
Property, plant and equipment-net	95,718	93,326
Patents and other intangibles-net	12,447	14,038
Goodwill	14,608	15,537
Deferred income taxes	6,624	6,069
Other assets	9,885	9,993
TOTAL ASSETS	335,021	333,064
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	0	217
Current portion of long-term debt	267	251
Trade accounts payable	26,246	21,822
Accrued compensation and amounts withheld from employees	14,295	12,271
Accrued expenses and other liabilities	10,206	11,865
Accrued profit-sharing and other benefits	3,599	5,387
Dividends payable	1,106	102
Income taxes payable and deferred income taxes	912	6,328
TOTAL CURRENT LIABILITIES	56,631	58,243
Long-term debt, less current portion	12,444	9,322
Unfunded pension obligation	12,263	13,184
Income taxes payable, noncurrent	2,355	2,304
Deferred income taxes	3,980	4,485
Other noncurrent liabilities	4,553	4,457
PLPC Shareholders' equity:
Common shares-$2 par value per share, 15,000,000 shares authorized, 5,360,879 and 5,377,937 issued and outstanding, net of 727,579 and 689,472 treasury shares at par, respectively, at June 30, 2013 and December 31, 2012	10,722	10,756
Common shares issued to rabbi trust, 184,511 and 184,036 shares at June 30, 2013 and December 31, 2012	(6,557)	(6,522)
Deferred compensation liability	6,557	6,522
Paid in capital	18,672	16,355
Retained earnings	235,052	227,622
Accumulated other comprehensive loss	(21,651)	(13,664)
TOTAL SHAREHOLDERS' EQUITY	242,795	241,069
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 335,021	$ 333,064

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.