Carbo Ceramics (CRRTQ) 10-Q 4 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 30, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'CRR	'
Entity Registrant Name	'CARBO CERAMICS INC	'
Entity Central Index Key	'0001009672	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	23,093,276

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$30,104	$94,250
Trade accounts and other receivables, net	112,825	125,179
Inventories:	'	'
Finished goods	107,009	87,218
Raw materials and supplies	35,706	47,042
Total inventories	142,715	134,260
Prepaid expenses and other current assets	7,066	5,442
Prepaid income taxes	5,299	1,888
Deferred income taxes	12,756	10,363
Total current assets	310,765	371,382
Property, plant and equipment:	'	'
Land and land improvements	36,711	31,163
Land-use and mineral rights	21,110	12,751
Buildings	77,082	72,702
Machinery and equipment	642,364	535,529
Construction in progress	103,028	109,735
Total	880,295	761,880
Less accumulated depreciation and amortization	313,197	283,345
Net property, plant and equipment	567,098	478,535
Goodwill	12,164	12,164
Intangible and other assets, net	19,490	16,870
Total assets	909,517	878,951
Current liabilities:	'	'
Accounts payable	30,776	24,570
Accrued payroll and benefits	11,373	13,650
Dividends payable	7,621	'
Other accrued expenses	19,227	18,468
Total current liabilities	68,997	56,688
Deferred income taxes	56,132	53,676
Shareholders' equity:	'	'
Preferred stock, par value $0.01 per share, 5,000 shares authorized, none outstanding	'	'
Common stock, par value $0.01 per share, 80,000,000 shares authorized; 23,094,721 and 23,080,632 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively	231	231
Additional paid-in capital	57,684	56,782
Retained earnings	739,185	714,835
Accumulated other comprehensive loss	-12,712	-3,261
Total shareholders' equity	784,388	768,587
Total liabilities and shareholders' equity	$909,517	$878,951

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Preferred stock, par value	$0.01	$0.01
Preferred stock, share authorized	5,000	5,000
Preferred stock, share outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, share authorized	80,000,000	80,000,000
Common stock, share issued	23,094,721	23,080,632
Common stock, share outstanding	23,094,721	23,080,632

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	$155,402	$201,477	$480,527	$502,879
Cost of sales	113,252	138,718	340,365	358,402
Gross profit	42,150	62,759	140,162	144,477
Selling, general and administrative expenses	18,087	18,578	53,960	51,069
Start-up costs	'	'	811	'
Loss (gain) on disposal or impairment of assets	5,055	-16	4,864	-56
Operating profit	19,008	44,197	80,527	93,464
Other income, net	48	202	342	527
Income before income taxes	19,056	44,399	80,869	93,991
Income taxes	5,312	14,251	25,680	29,960
Net income	$13,744	$30,148	$55,189	$64,031
Earnings per share:	'	'	'	'
Basic	$0.60	$1.31	$2.39	$2.77
Diluted	$0.60	$1.31	$2.39	$2.77
Other information:	'	'	'	'
Dividends declared per common share (See Note 4)	$0.66	$0.60	$1.26	$1.14

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net income	$13,744	$30,148	$55,189	$64,031
Other comprehensive (loss) income:	'	'	'	'
Foreign currency translation adjustment	-5,680	1,016	-7,695	-1,712
Deferred income tax (expense) benefit	-2,461	-356	-1,756	599
Other comprehensive (loss) income, net of tax	-8,141	660	-9,451	-1,113
Comprehensive income	$5,603	$30,808	$45,738	$62,918

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities	'	'
Net income	$55,189	$64,031
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	37,059	35,146
Provision for doubtful accounts	395	28
Deferred income taxes	-1,673	3,865
Excess tax benefits from stock based compensation	-372	-67
Lower of cost or market inventory adjustment	2,798	'
Loss (gain) on disposal or impairment of assets	4,864	-56
Foreign currency transaction loss, net	82	2
Stock compensation expense	5,887	4,519
Changes in operating assets and liabilities:	'	'
Trade accounts and other receivables	11,358	-52,708
Inventories	-21,020	10,901
Prepaid expenses and other current assets	-1,746	-3,772
Long-term prepaid expenses	157	1,973
Accounts payable	8,501	2,460
Accrued expenses	-1,572	3,730
Accrued income taxes, net	-3,123	1,185
Net cash provided by operating activities	96,784	71,237
Investing activities	'	'
Capital expenditures	-131,232	-61,186
Net cash used in investing activities	-131,232	-61,186
Financing activities	'	'
Dividends paid	-21,500	-19,427
Purchase of common stock	-6,892	-6,821
Excess tax benefits from stock based compensation	372	67
Net cash used in financing activities	-28,020	-26,181
Effect of exchange rate changes on cash	-1,678	-748
Net decrease in cash and cash equivalents	-64,146	-16,878
Cash and cash equivalents at beginning of period	94,250	90,635
Cash and cash equivalents at end of period	30,104	73,757
Supplemental cash flow information	'	'
Interest paid	20	3
Income taxes paid	$30,476	$24,909

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Basis of Presentation	'
	1	Basis of Presentation
	The accompanying unaudited consolidated financial statements of CARBO Ceramics Inc. have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation have been included. The results of the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year. The consolidated balance sheet as of December 31, 2013 has been derived from the audited financial statements at that date. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2013 included in the annual report on Form 10-K of CARBO Ceramics Inc. for the year ended December 31, 2013.
	The consolidated financial statements include the accounts of CARBO Ceramics Inc. and its operating subsidiaries (the “Company”). All significant intercompany transactions have been eliminated.
	Disposal or Impairment of Assets and Lower of Cost or Market Inventory Adjustment
	During the three month period ended September 30, 2014, market conditions changed with regard to demand for certain products offered by the Company. The Company evaluated its operations and reviewed the carrying values of related long-lived assets and inventories and concluded that certain assets had been impacted by the change in market conditions. The Company made a decision that it will not move forward with construction of a resin coating plant in Marshfield, Wisconsin for which the Company had previously developed engineering plans and procured certain equipment that had long-lead delivery times. These assets were classified as available for sale, and with certain other unrelated long-lived assets, the Company recognized a $4,955 loss in adjusting the carrying value to $1,638, which represented the fair value less cost to sell at September 30, 2014. Additionally, due to increasing competition in the China proppant market, the Company evaluated the carrying values of its inventories in China and concluded that current market prices were below carrying costs. Consequently, the Company recognized a $2,798 loss in cost of sales to adjust finished goods and raw materials carrying values to the lower market prices.
	U.S. GAAP establishes a fair value hierarchy that has three levels based on the reliability of the inputs used to determine the fair value. These levels include: Level 1, defined as inputs such as unadjusted quoted prices in active markets for identical assets or liabilities; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs for use when little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of related long-lived assets were adjusted to fair value less cost to sell based on estimates for similar used equipment, which are Level 3 inputs.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share	'
	2	Earnings Per Share
	The following table sets forth the computation of basic and diluted earnings per share under the two-class method:
			Three months ended						Nine months ended
			September 30,						September 30,
			2014			2013			2014			2013
	Numerator for basic and diluted earnings per share:
	Net income		$	13,744		$	30,148		$	55,189		$	64,031
	Effect of reallocating undistributed earnings of participating securities			(90	)		(183	)		(379	)		(410	)
	Net income available under the two-class method		$	13,654		$	29,965		$	54,810		$	63,621
	Denominator:
	Denominator for basic earnings per share—weighted-average shares			22,944,840			22,940,794			22,946,956			22,961,251
	Effect of dilutive potential common shares			—			—			—			—
	Denominator for diluted earnings per share—adjusted weighted-average shares			22,944,840			22,940,794			22,946,956			22,961,251
	Basic earnings per share		$	0.6		$	1.31		$	2.39		$	2.77
	Diluted earnings per share		$	0.6		$	1.31		$	2.39		$	2.77

Common_Stock_Repurchase_Progra

Common Stock Repurchase Program	9 Months Ended
	Sep. 30, 2014
Common Stock Repurchase Program	'
	3	Common Stock Repurchase Program
	On August 28, 2008, the Company’s Board of Directors authorized the repurchase of up to two million shares of the Company’s common stock. Shares are effectively retired at the time of purchase. During the nine months ended September 30, 2014, the Company repurchased and retired 47,424 shares at an aggregate purchase price of $5,175. As of September 30, 2014, the Company had repurchased and retired 2,000,000 shares at an aggregate purchase price of $89,309.

Dividends_Paid

Dividends Paid	9 Months Ended
	Sep. 30, 2014
Dividends Paid	'
	4	Dividends Paid
	On July 22, 2014, the Board of Directors declared a cash dividend of $0.33 per common share payable to shareholders of record on August 1, 2014. The dividend was paid on August 15, 2014. On September 23, 2014, the Board of Directors declared a cash dividend of $0.33 per common share payable to shareholders of record on November 3, 2014. This dividend is payable on November 17, 2014 and is presented in Current Liabilities at September 30, 2014.

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2014
Stock Based Compensation	'
	5	Stock Based Compensation
	The 2014 CARBO Ceramics Inc. Omnibus Incentive Plan (the “2014 Omnibus Incentive Plan”) provides for granting of cash-based awards, stock options (both non-qualified and incentive) and other equity-based awards (including stock appreciation rights, phantom stock, restricted stock, restricted stock units, performance shares, deferred share units or share-denominated performance units) to employees and non-employee directors. As of September 30, 2014, 742,534 shares were available for issuance under the 2014 Omnibus Incentive Plan. Although the Company’s 2009 Omnibus Incentive Plan has expired, unvested shares granted under that plan remain outstanding in accordance with its terms.
	A summary of restricted stock activity and related information for the nine months ended September 30, 2014 is presented below:
			Shares			Weighted-
						Average
						Grant-Date
						Fair Value
	Nonvested at January 1, 2014			136,195		$	90.5
	Granted			76,085		$	111.99
	Vested			(53,152	)	$	97.08
	Forfeited			(4,747	)	$	100.99
	Nonvested at September 30, 2014			154,381		$	98.5
	As of September 30, 2014, there was $9,067 of total unrecognized compensation cost, net of estimated forfeitures, related to restricted shares granted under both the expired 2009 Omnibus Incentive Plan and the 2014 Omnibus Incentive Plan. That cost is expected to be recognized over a weighted-average period of 1.8 years. The total fair value of shares vested during the nine months ended September 30, 2014 was $5,160.
	The Company also made phantom stock awards to key international employees pursuant to the expired 2009 Omnibus Incentive Plan prior to its expiration. The units subject to an award vest and cease to be forfeitable in equal annual installments over a three-year period. Participants awarded units of phantom stock are entitled to a lump sum cash payment equal to the fair market value of a share of Common Stock on the vesting date. In no event will Common Stock of the Company be issued with regard to outstanding phantom stock awards. As of September 30, 2014, there were 18,180 units of phantom stock granted under the expired 2009 Omnibus Incentive Plan, of which 9,397 have vested and 1,570 have been forfeited, with a total value of $427, a portion of which is accrued as a liability within Accrued Payroll and Benefits.

Bank_Borrowings

Bank Borrowings	9 Months Ended
	Sep. 30, 2014
Bank Borrowings	'
	6	Bank Borrowings
	The Company has an unsecured revolving credit agreement with a bank. On October 31, 2014 the Company entered into a third amendment to this credit agreement that (i) extends the maturity date of the credit agreement from July 25, 2018 to October 31, 2019 and (ii) increases the size of the revolving credit facility from $50,000 to $100,000. The Company has the option of choosing either the bank’s fluctuating Base Rate or LIBOR Fixed Rate, plus an Applicable Margin, all as defined in the credit agreement. The terms of the credit agreement provide for certain affirmative and negative covenants and require the Company to maintain certain financial ratios. Commitment fees are payable quarterly at an annual rate between 0.375% and 0.50% of the unused line of credit.

Foreign_Currencies

Foreign Currencies	9 Months Ended
	Sep. 30, 2014
Foreign Currencies	'
	7	Foreign Currencies
	As of September 30, 2014, the Company’s net investment that is subject to foreign currency fluctuations totaled $68,086 and the Company has recorded a cumulative foreign currency translation loss of $12,712, net of deferred income tax benefit. This cumulative translation loss is included in and is the only component of Accumulated Other Comprehensive Loss. There were no amounts reclassified to net income during the three and nine month periods ended September 30, 2014.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements	'
	8	New Accounting Pronouncements
	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” (“ASU 2014-15”) which provides guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 will be effective for the interim and annual periods beginning after December 15, 2016 with early adoption permitted. The adoption of ASU 2014-15 is not expected to have a material impact on the Company’s consolidated financial position, results of operations, cash flows, or related footnote disclosures.
	In June 2014, the FASB issued ASU No. 2014-12, “Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force),” (“ASU 2014-12”) which amends current guidance for stock compensation tied to performance targets. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition and apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. ASU 2014-12 will be effective for interim and annual periods beginning after December 15, 2015 with early adoption permitted. The adoption of ASU 2014-12 is not expected to have a material impact on the Company’s consolidated financial position, results of operations or cash flows.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASU 2014-09”) which amends current revenue guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will be effective for the interim and annual periods beginning after December 15, 2016 with no early adoption permitted. The Company is currently evaluating the potential impact, if any, of adopting this new guidance on the consolidated financial statements and related disclosures.

Legal_Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2014
Legal Proceedings	'
	9	Legal Proceedings
	The Company is subject to legal proceedings, claims and litigation arising in the ordinary course of business. While the outcome of these matters is currently not determinable, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events	'
	10	Subsequent Events
	Subsequent to September 30, 2014, the Company drew down $10,000 on its existing revolving credit facility to support internal growth and expansion along with other commitments. As of November 4, 2014, the balance outstanding on the Company’s revolving credit facility was $10,000.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2014
Disposal or Impairment of Assets and Lower of Cost or Market Inventory Adjustment	'
	Disposal or Impairment of Assets and Lower of Cost or Market Inventory Adjustment
	During the three month period ended September 30, 2014, market conditions changed with regard to demand for certain products offered by the Company. The Company evaluated its operations and reviewed the carrying values of related long-lived assets and inventories and concluded that certain assets had been impacted by the change in market conditions. The Company made a decision that it will not move forward with construction of a resin coating plant in Marshfield, Wisconsin for which the Company had previously developed engineering plans and procured certain equipment that had long-lead delivery times. These assets were classified as available for sale, and with certain other unrelated long-lived assets, the Company recognized a $4,955 loss in adjusting the carrying value to $1,638, which represented the fair value less cost to sell at September 30, 2014. Additionally, due to increasing competition in the China proppant market, the Company evaluated the carrying values of its inventories in China and concluded that current market prices were below carrying costs. Consequently, the Company recognized a $2,798 loss in cost of sales to adjust finished goods and raw materials carrying values to the lower market prices.
	U.S. GAAP establishes a fair value hierarchy that has three levels based on the reliability of the inputs used to determine the fair value. These levels include: Level 1, defined as inputs such as unadjusted quoted prices in active markets for identical assets or liabilities; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs for use when little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of related long-lived assets were adjusted to fair value less cost to sell based on estimates for similar used equipment, which are Level 3 inputs.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Computation of Basic and Diluted Earnings per Share under Two-Class Method	'
	The following table sets forth the computation of basic and diluted earnings per share under the two-class method:
		Three months ended						Nine months ended
		September 30,						September 30,
		2014			2013			2014			2013
	Numerator for basic and diluted earnings per share:
	Net income	$	13,744		$	30,148		$	55,189		$	64,031
	Effect of reallocating undistributed earnings of participating securities		(90	)		(183	)		(379	)		(410	)
	Net income available under the two-class method	$	13,654		$	29,965		$	54,810		$	63,621
	Denominator:
	Denominator for basic earnings per share—weighted-average shares		22,944,840			22,940,794			22,946,956			22,961,251
	Effect of dilutive potential common shares		—			—			—			—
	Denominator for diluted earnings per share—adjusted weighted-average shares		22,944,840			22,940,794			22,946,956			22,961,251
	Basic earnings per share	$	0.6		$	1.31		$	2.39		$	2.77
	Diluted earnings per share	$	0.6		$	1.31		$	2.39		$	2.77

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Summary of Restricted Stock Activity and Related Information	'
	A summary of restricted stock activity and related information for the nine months ended September 30, 2014 is presented below:
		Shares			Weighted-
					Average
					Grant-Date
					Fair Value
	Nonvested at January 1, 2014		136,195		$	90.5
	Granted		76,085		$	111.99
	Vested		(53,152	)	$	97.08
	Forfeited		(4,747	)	$	100.99
	Nonvested at September 30, 2014		154,381		$	98.5

Basis_of_Presentation_Addition

Basis of Presentation - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014
Significant Accounting Policies [Line Items]	'	'
Impairment of long-lived assets	$4,955	'
Carrying value of long lived asset held for sale	1,638	1,638
Lower of cost or market inventory adjustment	$2,798	$2,798

Computation_of_Basic_and_Dilut

Computation of Basic and Diluted Earnings per Share under Two-Class Method (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator for basic and diluted earnings per share:	'	'	'	'
Net income	$13,744	$30,148	$55,189	$64,031
Effect of reallocating undistributed earnings of participating securities	-90	-183	-379	-410
Net income available under the two-class method	$13,654	$29,965	$54,810	$63,621
Denominator:	'	'	'	'
Denominator for basic earnings per share-weighted-average shares	22,944,840	22,940,794	22,946,956	22,961,251
Effect of dilutive potential common shares	0	0	0	0
Denominator for diluted earnings per share-adjusted weighted-average shares	22,944,840	22,940,794	22,946,956	22,961,251
Basic earnings per share	$0.60	$1.31	$2.39	$2.77
Diluted earnings per share	$0.60	$1.31	$2.39	$2.77

Common_Stock_Repurchase_Progra1

Common Stock Repurchase Program - Additional Information (Detail) (USD $)	9 Months Ended	73 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Aug. 28, 2008
			Maximum
Equity, Class of Treasury Stock [Line Items]	'	'	'
Board of Directors authorized the repurchase of common stock	'	'	2,000,000
Repurchased and retired, shares	47,424	2,000,000	'
Repurchased and retired, aggregate purchase price	$5,175	$89,309	'

Dividends_Paid_Additional_Info

Dividends Paid - Additional Information (Detail) (USD $)	0 Months Ended		3 Months Ended		9 Months Ended
	Sep. 23, 2014	Jul. 22, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Dividends Payable [Line Items]	'	'	'	'	'	'
Dividends declared per common share	$0.33	$0.33	$0.66	$0.60	$1.26	$1.14
Cash dividend, payment date	17-Nov-14	15-Aug-14	'	'	'	'
Cash dividend, record date	3-Nov-14	1-Aug-14	'	'	'	'
Cash dividend, declaration date	23-Sep-14	22-Jul-14	'	'	'	'

Stock_Based_Compensation_Addit

Stock Based Compensation - Additional Information (Detail) (Omnibus Incentive Plan, USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Shares available for issuance under the plan	742,534
Restricted Stock	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Unrecognized compensation expense, net	$9,067
Unrecognized compensation expense, net, weighted average period	'1 year 9 months 18 days
Total fair value of restricted stock vested	5,160
Phantom Share Units (PSUs)	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Vesting period	'3 years
Units granted	18,180
Units vested	9,397
Units forfeited	1,570
Total fair value of units outstanding	$427

Summary_of_Restricted_Stock_Ac

Summary of Restricted Stock Activity and Related Information (Detail) (Restricted Stock Units (RSUs), USD $)	9 Months Ended
	Sep. 30, 2014
Restricted Stock Units (RSUs)	'
Shares	'
Beginning Balance	136,195
Granted	76,085
Vested	-53,152
Forfeited	-4,747
Ending Balance	154,381
Weighted-Average Grant-Date Fair Value	'
Beginning Balance	$90.50
Granted	$111.99
Vested	$97.08
Forfeited	$100.99
Ending Balance	$98.50

Bank_Borrowings_Additional_Inf

Bank Borrowings - Additional Information (Detail) (Subsequent Event, USD $)	1 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014
Line of Credit Facility [Line Items]	'
Frequency of payments for commitment fees	'Quarterly
Minimum	'
Line of Credit Facility [Line Items]	'
Commitment fees on unused line of credit, percentage	0.38%
Maximum	'
Line of Credit Facility [Line Items]	'
Commitment fees on unused line of credit, percentage	0.50%
Third Amendment	'
Line of Credit Facility [Line Items]	'
Line of credit amendment date	31-Oct-14
Line of credit maturity date	31-Oct-19
Line of credit, maximum borrowing capacity	100,000
Second Amendment	'
Line of Credit Facility [Line Items]	'
Line of credit maturity date	25-Jul-18
Line of credit, maximum borrowing capacity	50,000

Foreign_Currencies_Additional_

Foreign Currencies - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013
Schedule of Foreign Currency Balance [Line Items]	'	'	'
Investment subject to foreign currency fluctuations	$68,086,000	$68,086,000	'
Cumulative foreign currency translation loss, net of deferred income tax benefit	-12,712,000	-12,712,000	-3,261,000
Amount reclassified to net income	$0	$0	'

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (Subsequent Event, USD $)	Nov. 04, 2014
In Thousands, unless otherwise specified
Subsequent Event	'
Subsequent Event [Line Items]	'
Line of credit facility, amount outstanding	$10,000