CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 21,173	$ 24,291
Accounts receivable, less allowances of $2,100 ($2,136 in 2013)	74,957	67,587
Inventories - net	79,638	73,835
Deferred income taxes	6,463	7,022
Prepaids	6,218	6,112
Prepaid taxes	4,115	3,733
Other current assets	3,736	3,154
TOTAL CURRENT ASSETS	196,300	185,734
Property, plant and equipment - net	105,146	100,461
Patents and other intangibles - net	16,549	11,787
Goodwill	19,181	13,873
Deferred income taxes	3,922	3,416
Other assets	17,486	17,135
TOTAL ASSETS	358,584	332,406
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	2,923	1,105
Current portion of long-term debt	162	195
Trade accounts payable	22,483	21,750
Accrued compensation and amounts withheld from employees	11,856	10,787
Accrued expenses and other liabilities	9,998	11,118
Accrued profit-sharing and other benefits	2,332	5,086
Dividends payable	1,107	1,098
Income taxes payable and deferred income taxes	1,501	1,076
TOTAL CURRENT LIABILITIES	52,362	52,215
Long-term debt, less current portion	31,931	13,054
Unfunded pension obligation	4,763	5,027
Income taxes payable, noncurrent	1,610	1,556
Deferred income taxes	5,584	3,621
Other noncurrent liabilities	5,924	4,603
PLPC Shareholders' equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,388,733 and 5,391,074 issued and outstanding, net of 783,418 and 779,279 treasury shares at par, respectively, at March 31, 2014 and December 31, 2013	10,777	10,782
Common shares issued to rabbi trust, 249,198 and 253,156 shares at March 31, 2014 and December 31, 2013	(9,156)	(9,306)
Deferred compensation liability	9,156	9,306
Paid in capital	21,955	21,082
Retained earnings	239,548	238,168
Accumulated other comprehensive loss	(15,870)	(17,702)
TOTAL SHAREHOLDERS' EQUITY	256,410	252,330
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 358,584	$ 332,406

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.