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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 13,094 $ 12,135
Accounts receivable, less allowance for discounts and doubtful accounts of $7,319 and $6,779 for 2011 and 2010, respectively 152,619 104,986
Inventories, net 236,451 241,158
Deferred income taxes 15,729 18,135
Assets held for sale 216 216
Prepaid expenses and other current assets 8,350 8,076
Total current assets 426,459 384,706
Property, plant and equipment, net 61,240 60,666
Goodwill 14,304 1,437
Other intangibles, net 17,075 11,050
Deferred income taxes 13,352 21,347
Other assets 12,577 13,595
Total assets 545,007 492,801
CURRENT LIABILITIES:    
Notes payable 67,805 52,887
Current portion of long-term debt 108 12,402
Accounts payable 74,421 49,919
Sundry payables and accrued expenses 29,590 29,280
Accrued customer returns 37,306 23,207
Accrued rebates 29,172 23,668
Payroll and commissions 19,441 23,468
Total current liabilities 257,843 214,831
Long-term debt 258 307
Accrued postretirement benefits 5,946 21,044
Other accrued liabilities 18,301 21,944
Accrued asbestos liabilities 25,533 24,792
Total liabilities 307,881 282,918
Commitments and contingencies    
Common stock - par value $2.00 per share:    
Authorized - 30,000,000 shares; issued 23,936,036 shares 47,872 47,872
Capital in excess of par value 78,705 77,471
Retained earnings 114,394 97,535
Accumulated other comprehensive income 7,428 716
Treasury stock - at cost 1,049,180 and 1,276,044 shares in 2011 and 2010, respectively (11,273) (13,711)
Total stockholders' equity 237,126 209,883
Total liabilities and stockholders' equity $ 545,007 $ 492,801