XML 83 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 13,074 $ 10,871
Accounts receivable, less allowances for discounts and doubtful accounts of $6,124 and $6,709 in 2012 and 2011, respectively 98,565 104,115
Inventories, net 267,468 248,097
Deferred income taxes 33,258 32,199
Prepaid expenses and other current assets 6,188 5,705
Total current assets 418,553 400,987
Property, plant and equipment, net 64,422 64,039
Goodwill 35,827 26,124
Other intangibles, net 36,546 31,718
Deferred incomes taxes 11,085 16,937
Other assets 10,161 10,917
Total assets 576,594 550,722
CURRENT LIABILITIES:    
Notes payable 40,453 73,000
Current portion of long-term debt 120 109
Accounts payable 62,283 50,880
Sundry payables and accrued expenses 41,723 33,409
Accrued customer returns 29,033 25,074
Accrued rebates 27,349 22,373
Payroll and commissions 21,211 24,036
Total current liabilities 222,172 228,881
Long-term debt 75 190
Other accrued liabilities 21,650 23,557
Accrued asbestos liabilities 25,110 26,141
Total liabilities 269,007 278,769
Commitments and contingencies      
Stockholders' equity:    
Common Stock - par value $2.00 per share: Authorized 30,000,000 shares, issued 23,936,036 shares in 2012 and 2011 47,872 47,872
Capital in excess of par value 82,348 79,789
Retained earnings 186,693 153,555
Accumulated other comprehensive income 3,879 3,299
Treasury stock - at cost (1,117,104 shares and 1,116,155 shares in 2012 and 2011, respectively) (13,205) (12,562)
Total stockholders' equity 307,587 271,953
Total liabilities and stockholders' equity $ 576,594 $ 550,722