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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes included the following components at December 31, 2012, 2011 and 2010:

		2012				2011				2010
		(Dollars in thousands)
Current:
Federal		$	6,985			$	5,483			$	5,228
State			928				951				1,020
Foreign			972				2,490				420
Total			8,885				8,924				6,668
Deferred			1,648				(343	)			503
Total provision		$	10,533			$	8,581			$	7,171

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between the U.S. federal statutory income tax rate and the Company’s effective tax rate were as follows for the years ended December 31, 2012, 2011 and 2010:

		2012				2011				2010
U.S. federal statutory income tax rate			35.0	%			35.0	%			35.0	%
State income taxes, net of federal tax benefit			2.3				2.5				3.1
Non-taxable municipal bond interest			(1.9	)			(2.7	)			(3.2	)
Foreign income tax rate differences			(2.2	)			(1.5	)			(0.6	)
Other			0.9				1.0				(0.6	)
Effective tax rate			34.1	%			34.3	%			33.7	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred taxes as of December 31, 2012 and 2011 were as follows:

		2012				2011
		(Dollars in thousands)
Deferred tax benefits:
Accounts receivable reserves		$	421			$	507
Pension liability			10,882				10,428
Accrued liabilities			1,934				1,727
			13,237				12,662
Deferred tax liabilities:
Inventory and related reserves			(1,316	)			(964	)
Cash value of life insurance			(3,029	)			(2,821	)
Property, plant and equipment			(1,713	)			(1,516	)
Intangible assets			(5,051	)			(2,827	)
Prepaid and other assets			(268	)			(263	)
Foreign currency gains on intercompany loans			(419	)			(448	)
			(11,796	)			(8,839	)
Net deferred income tax benefits		$	1,441			$	3,823

Schedule of Deferred Tax Benefit [Table Text Block]

The net deferred tax benefit is classified in the Consolidated Balance Sheets as follows:

		2012				2011
		(Dollars in thousands)
Current deferred income tax benefits		$	649			$	395
Noncurrent deferred income tax benefits			792				3,428
		$	1,441			$	3,823

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

(Dollars in thousands)
Balance at December 31, 2009		$	449
Increases related to current year tax positions			9
Expiration of the statute of limitations for the assessment of taxes			(23	)
Favorable settlements of tax positions			(351	)
Balance at December 31, 2010		$	84
Expiration of the statute of limitations for the assessment of taxes			(84	)
Balance at December 31, 2011		$	-
Increases related to current year tax positions			124
Balance at December 31, 2012		$	124

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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