Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 19,864 $ 24,136
Accounts receivable, net 42,343 25,425
Inventories 27,977 30,292
Refundable income taxes paid 2,648 4,870
Deferred income taxes 4,223 3,710
Prepaid and other current assets 1,317 1,149
Total current assets 98,372 89,582
Property, plant and equipment, net 24,866 19,887
Assets held for sale 1,085 1,732
Goodwill 113,132 107,222
Other intangible assets, net 123,422 116,548
Deferred financing costs, net 2,216 2,794
Other long-term assets 1,246 606
Total assets 364,339 338,371
Current liabilities:    
Accounts payable 7,709 5,370
Accrued expenses and other current liabilities 14,418 10,329
Short-term borrowings 13,000  
Current portion of long-term debt 971 971
Total current liabilities 36,098 16,670
Retiree health benefit obligation 4,654 6,541
Pension obligation 7,077 14,401
Deferred income taxes 45,046 33,805
Deferred compensation 658 756
Long-term debt, less current portion 110,023 110,995
Other long-term liabilities 5,462 1,471
Shareholders' equity:    
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,223,454 and 22,130,996 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 222 221
Additional paid-in capital 135,498 133,072
Retained earnings 20,463 27,523
Accumulated other comprehensive loss, net of tax (862) (7,084)
Total shareholders' equity 155,321 153,732
Total liabilities and shareholders' equity $ 364,339 $ 338,371