Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Mar. 11, 2014 | Jun. 28, 2013 |
Document and Entity Information | ' | ' | ' |
Entity Registrant Name | 'DOUGLAS DYNAMICS, INC | ' | ' |
Entity Central Index Key | '0001287213 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $288 |
Entity Common Stock, Shares Outstanding | ' | 22,260,082 | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
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 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
CONSOLIDATED BALANCE SHEETS | ' | ' |
Common Stock, par value (in dollars per share) | $0.01 | $0.01 |
Common Stock, shares authorized | 200,000,000 | 200,000,000 |
Common Stock, shares issued | 22,223,454 | 22,130,996 |
Common Stock, shares outstanding | 22,223,454 | 22,130,996 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF INCOME | ' | ' | ' |
Net sales | $194,320 | $140,033 | $208,798 |
Cost of sales | 128,670 | 96,070 | 136,981 |
Gross profit | 65,650 | 43,963 | 71,817 |
Selling, general, and administrative expense | 31,872 | 19,895 | 26,435 |
Intangibles amortization | 5,625 | 5,199 | 5,201 |
Impairment of assets held for sale | 647 | ' | ' |
Income from operations | 27,506 | 18,869 | 40,181 |
Interest expense, net | -8,328 | -8,393 | -8,918 |
Loss on extinguishment of debt | ' | ' | -673 |
Other expense, net | -161 | -320 | -218 |
Income before taxes | 19,017 | 10,156 | 30,372 |
Income tax expense | 7,378 | 4,144 | 11,332 |
Net income | 11,639 | 6,012 | 19,040 |
Less: Net income attributable to participating securities | 179 | 69 | 233 |
Net income attributable to common shareholders | $11,460 | $5,943 | $18,807 |
Earnings per share: | ' | ' | ' |
Basic earnings per common share attributable to common shareholders (in dollars per share) | $0.52 | $0.27 | $0.87 |
Earnings per common share assuming dilution attributable to common shareholders (in dollars per share) | $0.51 | $0.26 | $0.85 |
Cash dividends declared per share (in dollars per share) | $0.84 | $0.82 | $1.18 |
Cash dividends paid per share (in dollars per share) | $0.84 | $0.82 | $1.18 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ' | ' | ' |
Net income | $11,639 | $6,012 | $19,040 |
Adjustment for pension and postretirement benefit liability, net of tax of ($3,838) in 2013, ($219) in 2012 and $1,560 in 2011 | 6,062 | 349 | -2,658 |
Adjustment for interest rate swap, net of tax of ($102) in 2013, ($30) in 2012, and $230 in 2011 | 160 | 47 | -391 |
Comprehensive income | $17,861 | $6,408 | $15,991 |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ' | ' | ' |
Adjustment for pension and postretirement benefit liability, tax | ($3,838) | ($219) | $1,560 |
Adjustment for interest rate swap, tax | ($102) | ($30) | $230 |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $) | Total | Common Stock | Additional Paid-in Capital | Shareholders' Notes Receivable | Retained Earnings | Accumulated Other Comprehensive Loss |
In Thousands, except Share data, unless otherwise specified | ||||||
Balance at Dec. 31, 2010 | $169,493 | $216 | $127,695 | ($482) | $46,495 | ($4,431) |
Balance (in shares) at Dec. 31, 2010 | ' | 21,579,655 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' |
Net income | 19,040 | ' | ' | ' | 19,040 | ' |
Dividends paid | -25,793 | ' | ' | ' | -25,793 | ' |
Adjustment for pension and postretirement benefit liability, net of tax of ($3,838) in 2013, ($219) in 2012 and $1,560 in 2011 | -2,658 | ' | ' | ' | ' | -2,658 |
Adjustment for interest rate swap, net of tax of ($102) in 2013, ($30) in 2012, and $230 in 2011 | -391 | ' | ' | ' | ' | -391 |
Interest on shareholders' notes receivable | -7 | ' | ' | -7 | ' | ' |
Repayment of shareholders' note receivable | 489 | ' | ' | 489 | ' | ' |
Shares issued for options exercised | 1,343 | 3 | 1,340 | ' | ' | ' |
Shares issued for options exercised (in shares) | ' | 319,383 | ' | ' | ' | ' |
Stock based compensation | 1,873 | 1 | 1,872 | ' | ' | ' |
Stock based compensation (in shares) | ' | 121,656 | ' | ' | ' | ' |
Balance at Dec. 31, 2011 | 163,389 | 220 | 130,907 | ' | 39,742 | -7,480 |
Balance (in shares) at Dec. 31, 2011 | ' | 22,020,694 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' |
Net income | 6,012 | ' | ' | ' | 6,012 | ' |
Dividends paid | -18,231 | ' | ' | ' | -18,231 | ' |
Adjustment for pension and postretirement benefit liability, net of tax of ($3,838) in 2013, ($219) in 2012 and $1,560 in 2011 | 349 | ' | ' | ' | ' | 349 |
Adjustment for interest rate swap, net of tax of ($102) in 2013, ($30) in 2012, and $230 in 2011 | 47 | ' | ' | ' | ' | 47 |
Stock based compensation | 2,166 | 1 | 2,165 | ' | ' | ' |
Stock based compensation (in shares) | ' | 110,302 | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 153,732 | 221 | 133,072 | ' | 27,523 | -7,084 |
Balance (in shares) at Dec. 31, 2012 | ' | 22,130,996 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' |
Net income | 11,639 | ' | ' | ' | 11,639 | ' |
Dividends paid | -18,699 | ' | ' | ' | -18,699 | ' |
Adjustment for pension and postretirement benefit liability, net of tax of ($3,838) in 2013, ($219) in 2012 and $1,560 in 2011 | 6,062 | ' | ' | ' | ' | 6,062 |
Adjustment for interest rate swap, net of tax of ($102) in 2013, ($30) in 2012, and $230 in 2011 | 160 | ' | ' | ' | ' | 160 |
Shares withheld on restricted stock vesting | -160 | ' | -160 | ' | ' | ' |
Stock based compensation | 2,587 | 1 | 2,586 | ' | ' | ' |
Stock based compensation (in shares) | ' | 92,458 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | $155,321 | $222 | $135,498 | ' | $20,463 | ($862) |
Balance (in shares) at Dec. 31, 2013 | ' | 22,223,454 | ' | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY | ' | ' | ' |
Adjustment for pension and postretirement benefit liability, tax | ($3,838) | ($219) | $1,560 |
Adjustment for interest rate swap, tax | ($102) | ($30) | $230 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating activities | ' | ' | ' |
Net income | $11,639 | $6,012 | $19,040 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 8,693 | 8,018 | 8,176 |
Amortization of deferred financing costs and debt discount | 758 | 955 | 832 |
Loss on extinguishment of debt | ' | ' | 673 |
Loss recognized on impairment of assets held for sale | 647 | ' | ' |
Stock-based compensation | 2,587 | 2,166 | 1,873 |
Provision for losses on accounts receivable | 329 | 259 | 47 |
Deferred income taxes | 10,728 | 8,090 | 6,497 |
Earnout liability | 3,951 | ' | ' |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable | -16,643 | 8,335 | 2,974 |
Inventories | 6,445 | -6,287 | -524 |
Prepaid and other assets and refundable income taxes | 1,717 | -5,459 | 201 |
Accounts payable | 1,559 | 330 | 2,193 |
Accrued expenses and other current liabilities | 2,885 | -6,171 | 4,554 |
Deferred compensation | -98 | -156 | -155 |
Benefit obligations and other long-term liabilities | -2,949 | -473 | 1,347 |
Net cash provided by operating activities | 32,248 | 15,619 | 47,728 |
Investing activities | ' | ' | ' |
Capital expenditures | -2,775 | -1,446 | -2,373 |
Proceeds from sale of equipment | ' | 80 | 67 |
Acquisition of Trynex | -26,734 | ' | ' |
Net cash used in investing activities | -29,509 | -1,366 | -2,306 |
Financing activities | ' | ' | ' |
Shares withheld on restricted stock vesting paid for employees' taxes | -160 | ' | ' |
Proceeds from exercise of stock options | ' | ' | 1,343 |
Collection of shareholders' notes receivable | ' | ' | 482 |
Payments of financing costs | ' | -168 | -3,471 |
Borrowings on long-term debt | ' | ' | 123,750 |
Dividends paid | -18,699 | -18,231 | -25,793 |
Revolver borrowings | 13,000 | ' | ' |
Repayment of long-term debt | -1,152 | -11,150 | -122,450 |
Net cash used in financing activities | -7,011 | -29,549 | -26,139 |
Change in cash and cash equivalents | -4,272 | -15,296 | 19,283 |
Cash and cash equivalents at beginning of year | 24,136 | 39,432 | 20,149 |
Cash and cash equivalents at end of year | 19,864 | 24,136 | 39,432 |
Supplemental disclosure of cash flow information | ' | ' | ' |
Income taxes paid | 2,355 | 1,558 | 2,479 |
Interest paid | $7,597 | $7,435 | $7,767 |
Description_of_business_and_ba
Description of business and basis of presentation | 12 Months Ended |
Dec. 31, 2013 | |
Description of business and basis of presentation | ' |
Description of business and basis of presentation | ' |
1. Description of business and basis of presentation | |
        Douglas Dynamics, Inc., (the "Company") is the North American leader in the design, manufacture and sale of snow and ice control equipment for light trucks, which is comprised of snowplows and sand and salt spreaders, and related parts and accessories. The Company's products are sold through a network of over 2,100 points of sale. Direct points of shipment are predominantly through North American truck equipment and lawn care equipment distributors. Most of our distributors are located throughout the snow belt regions in North America (primarily the Midwest, East and Northeast regions of the United States as well as all provinces of Canada). The Company sells its products under the WESTERN®, FISHER®, BLIZZARD®, SNOWEX®, TURFEX® and SWEEPEX® brands which are among the most established and recognized in the industry. The Company is headquartered in Milwaukee, WI and currently has manufacturing facilities in Milwaukee, WI, Rockland, ME, and Madison Heights, MI. The Company closed its Johnson City, TN facility in August 2010 which it currently is holding for sale. The Company operates as a single segment. | |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
2. Summary of Significant Accounting Policies | |||||||||||
Principles of consolidation | |||||||||||
        The accompanying consolidated financial statements include the accounts of Douglas Dynamics, Inc. and its direct wholly-owned subsidiary, Douglas Dynamics, L.L.C., and its indirect wholly-owned subsidiaries, Douglas Dynamics Finance Company (an inactive subsidiary) and Fisher, LLC (hereinafter collectively referred to as the "Company"). All intercompany balances and transactions have been eliminated in consolidation. | |||||||||||
Use of estimates | |||||||||||
        The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Accordingly, actual results could differ from those estimates. | |||||||||||
Cash and Cash Equivalents | |||||||||||
        The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value. | |||||||||||
Accounts receivable and allowance for doubtful accounts | |||||||||||
        The Company carries its accounts receivable at their face amount less an allowance for doubtful accounts. The majority of the Company's accounts receivable are due from distributors of truck equipment. Credit is extended based on an evaluation of a customer's financial condition. On a periodic basis, the Company evaluates its accounts receivable and establishes the allowance for doubtful accounts based on a combination of specific customer circumstances and credit conditions based on a history of write-offs and collections. A receivable is considered past due if payments have not been received within agreed upon invoice terms. Accounts receivable are written off after all collection efforts have been exhausted. The Company takes a security interest in the inventory as collateral for the receivable but often does not have a priority security interest. | |||||||||||
Financing program | |||||||||||
        The Company is party to a financing program in which certain distributors may elect to finance their purchases from the Company through a third party financing company. The Company provides the third party financing company recourse against the Company regarding the collectability of the receivable under the program due to the fact that if the third party financing company is unable to collect from the distributor the amounts due in respect of the product financed, the Company would be obligated to repurchase any remaining inventory related to the product financed and reimburse any legal fees incurred by the financing company. During the years ended December 31, 2013, 2012 and 2011, distributors financed purchases of $2,926, $1,579 and $2,752 through this financing program, respectively. At both December 31, 2013 and December 31, 2012, there were $0 of uncollectible outstanding receivables related to sales financed under the financing program. The amount owed by our distributors to the third party financing company under this program at December 31, 2013 and 2012 was $1,300 and $943, respectively. The Company was required to repurchase repossessed inventory of $0, $233, and $41 for the years ended December 31, 2013, December 31, 2012 and December 31, 2011, respectively. | |||||||||||
        In the past, minimal losses have been incurred under this agreement. However, an adverse change in distributor retail sales could cause this situation to change and thereby require the Company to repurchase repossessed units. Any repossessed units are inspected to ensure they are current, unused product and are restocked and resold. | |||||||||||
Interest Rate Swap | |||||||||||
        As required by the debt agreement the Company entered into in the second quarter of 2011, the Company entered into an interest-rate swap agreement to hedge against the potential impact on earnings from increases in market interest rates. Under the interest rate swap agreement, effective as of July 18, 2011 the Company either receives or makes payments on a monthly basis based on the differential between 6.335% and LIBOR plus 4.25% (with a LIBOR floor of 1.5%). See Consolidated Statement of Comprehensive income (loss) for treatment of gains and losses on the interest rate swap agreement. | |||||||||||
Inventories | |||||||||||
        Inventories are stated at the lower of cost or market. Market is determined based on estimated realizable values. Inventory costs are primarily determined by the first-in, first-out (FIFO) method. The Company periodically reviews its inventory for slow moving, damaged and discontinued items and provides reserves to reduce such items identified to their recoverable amounts. | |||||||||||
Property, plant and equipment | |||||||||||
        Property, plant and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed using straight-line methods over the estimated useful lives for financial statement purposes and an accelerated method for income tax reporting purposes. The estimated useful lives of the assets are as follows: | |||||||||||
Years | |||||||||||
Land improvements and buildings | 15Â - 40 | ||||||||||
Machinery and equipment | 3Â - 20 | ||||||||||
Furniture and fixtures | 3Â - 12 | ||||||||||
Mobile equipment and other | 3Â - 10 | ||||||||||
        Depreciation expense was $3,068, $2,819, and $2,975 for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||
        Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to operations when incurred. Repairs and maintenance expenses amounted to $3,509, $2,855 and $4,025 for the years ended December 31, 2013, 2012 and 2011, respectively. When assets are sold or retired, the cost of the asset and the related accumulated depreciation are eliminated from the accounts and any gain or loss is recognized in the results of operations. | |||||||||||
Impairment of long-lived assets | |||||||||||
        Long-lived assets are reviewed for potential impairment when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying value of such assets to the undiscounted future cash flows expected to be generated by the assets. If the carrying value of an asset exceeds its estimated undiscounted future cash flows, an impairment provision is recognized to the extent that the carrying amount of the asset exceeds its fair value. Assets to be disposed of are reported at the lower of the carrying amount or the fair value of the asset, less costs of disposition. Management of the Company considers such factors as current results, trends and future prospects, current market value, and other economic and regulatory factors in performing these analyses. The Company determined that no long-lived assets were impaired as of December 31, 2013 and 2012. | |||||||||||
Goodwill and other intangible assets | |||||||||||
        Goodwill and indefinite-lived intangible assets are tested for impairment annually as of December 31, or sooner if impairment indicators arise. The fair value of indefinite-lived intangible assets is estimated based upon a market approach. In reviewing goodwill for impairment, potential impairment is identified by comparing the estimated fair value of the reporting unit to its carrying value. The Company has determined it has one reporting unit. When the fair value is less than the carrying value of the net assets of the reporting unit, including goodwill, an impairment loss may be recognized. The Company has determined that goodwill and indefinite lived assets were not impaired as of December 31, 2013 and 2012. | |||||||||||
        Intangible assets with estimable useful lives are amortized over their respective estimated useful lives and are reviewed for potential impairment when events or circumstances indicate that the carrying amount of the asset may not be recoverable. The Company amortizes its distribution network intangible over periods ranging from 15 to 20 years, trademarks over 7 to 25 years, patents over 7 to 20 years, customer relationships over 19.5 years and noncompete agreements over 5 years. The Company has determined that finite lived intangible assets were not impaired as of December 31, 2013 and 2012. | |||||||||||
Income taxes | |||||||||||
        Deferred income taxes are accounted for under the asset and liability method whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates. Deferred income tax provisions or benefits are based on the change in the deferred tax assets and liabilities from period to period. Deferred income tax assets are reduced by a valuation allowance if it is more likely than not that some portion of the deferred income tax asset will not be realized. Additionally, when applicable, the Company would classify interest and penalties related to uncertain tax positions in income tax expense. | |||||||||||
Deferred financing costs | |||||||||||
        The costs of obtaining financing are capitalized and amortized over the term of the related financing on a basis that approximates the effective interest method. The changes in deferred financing costs are as follows: | |||||||||||
Balance at January 1, 2011 | $ | 953 | |||||||||
Write-off of unamortized deferred financing costs | (335 | ) | |||||||||
Deferred financing costs capitalized on new debt | 3,471 | ||||||||||
Amortization of deferred financing costs | (687 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2011 | 3,402 | ||||||||||
Deferred financing costs capitalized on new debt | 168 | ||||||||||
Amortization of deferred financing costs | (776 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2012 | 2,794 | ||||||||||
Amortization of deferred financing costs | (578 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2013 | $ | 2,216 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
        For the year ended December 31, 2012, the Company extended the term on its revolving line of credit and capitalized $168 of deferred financing costs associated with the refinancing. For the year ended December 31, 2011, the Company recorded the write-off of deferred financing costs as a loss on extinguishment of debt, in the consolidated statements of income as a result of an amendment to the Company's term loan facility. The amendment of the term loan facility resulted in a significant modification of the debt which resulted in the write off of unamortized capitalized deferred financing costs of $335. | |||||||||||
Fair Value | |||||||||||
        Fair value is the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Fair value measurements are categorized into one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs available at the measurement date, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data). | |||||||||||
        The following table presents financial assets and liabilities measured at fair value on a recurring basis and discloses the fair value of long-term debt: | |||||||||||
Fair Value at | Fair Value at | ||||||||||
12/31/13 | 12/31/12 | ||||||||||
Assets: | |||||||||||
Other assets(a) | $ | 1,127 | $ | 491 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Assets | $ | 1,127 | $ | 491 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Liabilities: | |||||||||||
Long term debt(b) | 110,439 | 110,566 | |||||||||
Other long-term liabilities— | |||||||||||
Earnout—Trynex(c) | 3,587 | — | |||||||||
Interest rate swap(d) | 282 | 544 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Liabilities | $ | 114,308 | $ | 111,110 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
(a) | |||||||||||
Included in other assets is the cash surrender value of insurance policies on various individuals that are associated with the Company. The carrying amounts of these insurance policies approximates their fair value. | |||||||||||
(b) | |||||||||||
The fair value of the Company's long-term debt, including current maturities, is estimated using discounted cash flows based on the Company's current incremental borrowing rates for similar types of borrowing arrangements, which is a Level 2 input for all periods presented. Meanwhile, long-term debt is recorded at carrying amount, net of discount, as disclosed on the face of the balance sheet. | |||||||||||
(c) | |||||||||||
Included in other long term liabilities is an obligation for a portion of the potential earn out incurred in conjunction with the acquisition of substantially all of TrynEx's assets. The carrying amount of the earn out approximates its fair value. Fair value is based upon Level 3 inputs of a monte carlo simulation analysis using key inputs of forecasted future sales and financial performance as well as a growth rate reduced by the market required rate of return. See reconciliation of liability included below: | |||||||||||
2013 | |||||||||||
Balance at January 1 | $ | — | |||||||||
Additions | 3,587 | ||||||||||
Adjustments to fair value | — | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31 | $ | 3,587 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
(d) | |||||||||||
Valuation models are calibrated to initial trade price. Subsequent valuations are based on observable inputs to the valuation model (e.g. interest rates and credit spreads). Model inputs are changed only when corroborated by market data. A credit risk adjustment is made using observable market credit spreads. Thus, inputs used to determine fair value of the interest rate swap are Level 2 inputs. | |||||||||||
Concentration of credit risk | |||||||||||
        The Company's cash is deposited with multiple financial institutions. At times, deposits in these institutions exceed the amount of insurance provided on such deposits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant risk on these balances. | |||||||||||
        No distributor represented more than 10% of the Company's net sales or accounts receivable during the years ended December 31, 2013, 2012 and 2011. | |||||||||||
Revenue recognition | |||||||||||
        The Company recognizes revenues upon shipment to the customer, which is when risk of loss passes and all of the following conditions are satisfied: (i) persuasive evidence of an arrangement exists; (ii) the price is fixed or determinable; (iii) collectability is reasonably assured; and (iv) the product has been shipped and the Company has no further obligations. Customers have no right of return privileges. Historically, product returns have not been material and are permitted on an exception basis only. | |||||||||||
        The Company offers a variety of discounts and sales incentives to its distributors. The estimated liability for sales discounts and allowances is recorded at the time of sale as a reduction of net sales. The liability is estimated based on the costs of the program, the planned duration of the program and historical experience. | |||||||||||
Cost of sales | |||||||||||
        Cost of sales includes all costs associated with the manufacture of the Company's products, including raw materials, purchased parts, freight, plant operating expenses, property insurance and taxes, and plant depreciation. All payroll costs and employee benefits for the hourly workforce, manufacturing management, and engineering costs are included in cost of sales. | |||||||||||
Warranty cost recognition | |||||||||||
        The Company accrues for estimated warranty costs as revenue is recognized. See note 9 for further details. | |||||||||||
Advertising expenses | |||||||||||
        Advertising expenses include costs for the production of marketing media, literature, CD-ROM, and displays. The Company participates in trade shows and advertises in the yellow pages and billboards. Advertising expenses amounted to $3,037, $1,815 and $2,718 for the years ended December 31, 2013, 2012 and 2011, respectively. The Company also provides its distributors with pre-approved, cooperative advertising programs, which are recorded as advertising expense in selling, general and administrative expense. All costs associated with the Company's advertising programs are expensed as incurred. | |||||||||||
Shipping and handling costs | |||||||||||
        Generally, shipping and handling costs are paid directly by the customer to the shipping agent. Those shipping and handling costs billed by the Company are recorded as a component of sales with the corresponding costs included in cost of sales. | |||||||||||
Share-based payments | |||||||||||
        The Company applies the guidance codified in ASC 718—Compensation—Stock Compensation. This standard requires the measurement of the cost of employee services received in exchange for an award of equity instruments based on the fair value of the award at the grant date and recognition of the compensation expense over the period during which an employee is required to provide service in exchange for the award (generally the vesting period). Because the Company used the minimum-value method to measure compensation cost for employee stock options prior to January 1, 2006, the date on which ASC 718 was adopted, under this previous guidance, it was required to use the prospective method of adoption for this standard. Under the prospective method, the Company continues to account for non-vested awards outstanding at the date of adoption using the same method as prior to adoption for financial statement recognition purposes. All awards granted, modified, or settled after the date of adoption are accounted for using the measurement, recognition, and attribution provisions of ASC 718. | |||||||||||
Comprehensive income (loss) | |||||||||||
        Comprehensive income (loss) is defined as the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner resources and is comprised of net income or loss and "other comprehensive income (loss)". The Company's other comprehensive income (loss) is comprised of the adjustments for pension and postretirement benefit liabilities as well as the impact of its interest rate swap. The interest rate swap contract on $50,000 notional amount of the term loan expires in December 2014. The Company does not expect to record any unrecognized loss into earnings in the next twelve months. Additionally, other comprehensive income (loss) includes the net income (loss) of the Company plus/minus the Company's adjustments for its defined benefit retirement plans based on the measurement date as of the Company's year-end. See Note 19 for the components of accumulated other comprehensive loss. | |||||||||||
Segment Reporting | |||||||||||
        The Company operates in and reports as a single operating segment, which is the manufacture and sale of snow and ice control products. Net sales are generated through the sale of snow and ice control products and accessories to distributors. The chief operating decision maker (the Company's Chief Executive Officer) manages and evaluates its operations as one segment primarily due to similarities in the nature of the products, production processes and methods of distribution. All of the Company's identifiable assets are located in the United States. The Company's sales outside North America are not material, representing less than 3% of net sales. | |||||||||||
        The Company's product offerings primarily consist of snow and ice control products and accessories. Equipment and parts and accessories are each a similar class of products based on similar customer usage. | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Equipment | $ | 164,460 | $ | 123,308 | $ | 177,806 | |||||
Parts and accessories | 29,860 | 16,725 | 30,992 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net Sales | $ | 194,320 | $ | 140,033 | $ | 208,798 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Acquisition
Acquisition | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Acquisition | ' | ||||
Acquisition | ' | ||||
3. Acquisition | |||||
        On May 6, 2013, the Company acquired substantially all of the assets of TrynEx for the purpose of expanding its current market presence in the snow and ice segment. Total consideration paid was $26,734 including an estimated working capital adjustment. The working capital adjustment was further adjusted to reduce the purchase price at December 31, 2013 by $262 which the Company received after the date of these financial statements. The acquisition was financed with $28,000 of revolver borrowings under the Company's credit facility discussed in Note 7. The Company incurred $1,239 of transaction expenses related to this acquisition that are included in selling, general and administrative expense in the Consolidated Statements of Income. | |||||
        The TrynEx purchase agreement includes contingent consideration in the form of an earnout capped at $7,000. Under the earnout the former owners of TrynEx are entitled to receive payments contingent upon the revenue growth and financial performance of the acquired business for the years 2014, 2015 and 2016. On August 5, 2013, the purchase agreement was amended to remove the requirement that the former owners of TrynEx remain employed in the 2014 and 2015 performance periods, resulting in recognition of the fair value of the contingent consideration for 2014 and 2015 of $3,587 at that date. The requirement of continued employment remains in place for the 2016 performance period. | |||||
        The following table summarizes the allocation of the purchase price paid and the subsequent working capital adjustment to the fair value of the net assets acquired as of the acquisition date: | |||||
Accounts receivable | 604 | ||||
Inventories | 4,130 | ||||
Other current assets | 29 | ||||
Property and equipment | 5,272 | ||||
Goodwill | 5,910 | ||||
Intangible assets | 12,499 | ||||
Accounts payable and other liabilities | (1,972 | ) | |||
​ | ​ | ​ | ​ | ​ | |
Total | $ | 26,472 | |||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
        The goodwill for the acquisition is a result of acquiring and retaining the existing workforces and expected synergies from integrating the operations into the Company. The Company is amortizing its goodwill for income tax purposes over a fifteen-year period starting at the date of acquisition. The acquired intangible assets include customer relationships of $8,820 being amortized over 19.5 years, patents of $1,320 being amortized over 17 years and trademarks of $2,359 being amortized over 25 years. | |||||
        The acquisition was accounted for under the purchase method, and accordingly, the results of operations are included in the Company's financial statements from the date of acquisition. From the date of acquisition through December 31, 2013, the TrynEx assets contributed $12,879 of revenues and ($3,334) of pre-tax operating losses, including $4,506 of certain purchase accounting expenses, related to the Company. | |||||
Inventories
Inventories | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventories | ' | |||||||
Inventories | ' | |||||||
4. Inventories | ||||||||
        Inventories consist of the following: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Finished goods and work-in-process | $ | 26,175 | $ | 29,119 | ||||
Raw material and supplies | 1,802 | 1,173 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 27,977 | $ | 30,292 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Property_plant_and_equipment
Property, plant and equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, plant and equipment | ' | |||||||
Property, plant and equipment | ' | |||||||
5. Property, plant and equipment | ||||||||
        Property, plant and equipment are summarized as follows: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Land | $ | 1,160 | $ | 960 | ||||
Land improvements | 1,849 | 1,768 | ||||||
Buildings | 16,743 | 12,852 | ||||||
Machinery and equipment | 25,756 | 24,286 | ||||||
Furniture and fixtures | 8,772 | 7,465 | ||||||
Mobile equipment and other | 1,267 | 1,138 | ||||||
Construction-in-process | 1,113 | 351 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total property, plant and equipment | 56,660 | 48,820 | ||||||
Less accumulated depreciation | (31,794 | ) | (28,933 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net property, plant and equipment | $ | 24,866 | $ | 19,887 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Other_Intangible_Assets
Other Intangible Assets | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Intangible Assets | ' | ||||||||||
Other Intangible Assets | ' | ||||||||||
6. Other Intangible Assets | |||||||||||
        The following is a summary of the Company's other intangible assets: | |||||||||||
Gross | Less | Net | |||||||||
Carrying | Accumulated | Carrying | |||||||||
Amount | Amortization | Amount | |||||||||
December 31, 2013: | |||||||||||
Indefinite-lived intangibles: | |||||||||||
Trademark and tradenames | $ | 60,000 | $ | — | $ | 60,000 | |||||
Amortizable intangibles: | |||||||||||
Dealer network | 80,000 | 39,000 | 41,000 | ||||||||
Customer relationships | 10,820 | 1,404 | 9,416 | ||||||||
Patents | 16,436 | 6,293 | 10,143 | ||||||||
Noncompete agreements | 5,050 | 5,050 | — | ||||||||
Trademarks | 5,459 | 2,596 | 2,863 | ||||||||
License | 20 | 20 | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Amortizable intangibles, net | 117,785 | 54,363 | 63,422 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 177,785 | $ | 54,363 | $ | 123,422 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross | Less | Net | |||||||||
Carrying | Accumulated | Carrying | |||||||||
Amount | Amortization | Amount | |||||||||
December 31, 2012: | |||||||||||
Indefinite-lived intangibles: | |||||||||||
Trademark and tradenames | $ | 60,000 | $ | — | $ | 60,000 | |||||
Amortizable intangibles: | |||||||||||
Dealer network | 80,000 | 35,000 | 45,000 | ||||||||
Customer relationships | 2,000 | 956 | 1,044 | ||||||||
Patents | 15,116 | 5,491 | 9,625 | ||||||||
Noncompete agreements | 5,050 | 5,050 | — | ||||||||
Trademark—Blizzard | 3,100 | 2,221 | 879 | ||||||||
License | 20 | 20 | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Amortizable intangibles, net | 105,286 | 48,738 | 56,548 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 165,286 | $ | 48,738 | $ | 116,548 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Amortization expense for intangible assets was $5,625, $5,199 and $5,201 for the years ended December 31, 2013, 2012 and 2011, respectively. Estimated amortization expense for the next five years is as follows: | |||||||||||
2014 | $ | 5,818 | |||||||||
2015 | 5,767 | ||||||||||
2016 | 5,508 | ||||||||||
2017 | 5,508 | ||||||||||
2018 | 5,508 | ||||||||||
        The weighted average remaining life for intangible assets is 12.1 years. | |||||||||||
LongTerm_Debt
Long-Term Debt | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Long-Term Debt | ' | |||||||
Long-Term Debt | ' | |||||||
7. Long-Term Debt | ||||||||
        Long-term debt is summarized below: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Term Loan, net of debt discount of $766 and $946 at December 31, 2013 and December 31, 2012, respectively | $ | 110,994 | $ | 111,966 | ||||
Less current maturities | 971 | 971 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 110,023 | $ | 110,995 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The scheduled maturities on long-term debt at December 31, 2013, are as follows: | ||||||||
2014 | 971 | |||||||
2015 | 971 | |||||||
2016 | 971 | |||||||
2017 | 971 | |||||||
2018 | 107,110 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 110,994 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
        The Company's senior credit facilities consist of a $125,000 term loan facility and an $80,000 revolving credit facility with a group of banks. The agreement for the term loan (the "Term Loan Credit Agreement") provides for a senior secured term loan facility in the aggregate principal amount of $125,000 and generally bears interest at (at the Company's election) either (i) 3.25% per annum plus the greatest of (a) the Prime Rate (as defined in the Term Loan Credit Agreement) in effect on such day, (b) the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers plus 0.50% and (c) 1.00% plus the greater of (1) the London Interbank Offered Rate for a one month interest period multiplied by the Statutory Reserve Rate (as defined in the Term Loan Credit Agreement) and (2) 1.50% or (ii) 4.25% per annum plus the greater of (a) the London Interbank Offered Rate for the applicable interest period multiplied by the Statutory Reserve Rate and (b) 1.50%. | ||||||||
        The revolving credit facility as amended and restated (the "Revolving Credit and Guaranty Agreement") provides that the Company has the option to select whether borrowings will bear interest at either (i) 1.75% per annum plus the London Interbank Offered Rate for the applicable interest period multiplied by the Statutory Reserve Rate or (ii) 1.25% per annum plus the greatest of (a) the Prime Rate in effect on such day, (b) the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers plus 0.50% and (c) the London Interbank Offered Rate for a one month interest period multiplied by the Statutory Reserve Rate plus 1%. The maturity date for the Company's amended and restated revolving credit facility is April 17, 2017, and the Company's term loan amortizes in nominal amounts quarterly with the balance payable on April 18, 2018. The Company incurred and paid interest expense of $446 related to its revolving credit facility borrowings in the year ended December 31, 2013 at an average rate of 2.0%. | ||||||||
        The term loan was issued at a $1,250 discount which is being amortized over the term of the term loan. | ||||||||
        At December 31, 2013, the Company had outstanding borrowings under the term loan of $110,994 and $13,000 of outstanding borrowings on the revolving credit facility and remaining borrowing availability of $48,324. | ||||||||
        The Company's senior credit facilities include certain negative and operating covenants, including restrictions on its ability to pay dividends, and other customary covenants, representations and warranties and events of default. The senior credit facilities entered into and recorded by the Company's subsidiaries significantly restrict its subsidiaries from paying dividends and otherwise transferring assets to Douglas Dynamics, Inc. The terms of the Company's revolving credit facility specifically restrict subsidiaries from paying dividends if a minimum availability under the revolving credit facility is not maintained, and both senior credit facilities restrict subsidiaries from paying dividends above certain levels or at all if an event of default has occurred. These restrictions would affect the Company indirectly since the Company relies principally on distributions from its subsidiaries to have funds available for the payment of dividends. In addition, the Company's revolving credit facility includes a requirement that, subject to certain exceptions, capital expenditures may not exceed $10,000 in any calendar year and, if certain minimum availability under the revolving credit facility is not maintained, that the Company comply with a monthly minimum fixed charge coverage ratio test of 1.0:1.0. Compliance with the fixed charge coverage ratio test is subject to certain cure rights under the Company's revolving credit facility. At December 31, 2013, the Company was in compliance with the respective covenants. The credit facilities are collateralized by substantially all assets of the Company. | ||||||||
        In accordance with the senior credit facilities, the Company is required to make additional principal prepayments over the above scheduled payments under certain conditions. This includes, in the case of the term loan facility, 100% of the net cash proceeds of certain asset sales, certain insurance or condemnation events, certain debt issuances, and, within 150 days of the end of the fiscal year, 50% of excess cash flow, as defined, including a deduction for certain distributions (which percentage is reduced to 25% or 0% upon the achievement of certain leverage ratio thresholds), for any fiscal year. Excess cash flow is defined in the senior credit facilities as consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) plus a working capital adjustment less the sum of repayments of debt and capital expenditures subject to certain adjustments, interest and taxes paid in cash, management fees and certain restricted payments (including dividends or distributions). Working capital adjustment is defined in the senior credit facilities as the change in working capital, defined as current assets excluding cash and cash equivalents less current liabilities excluding current portion of long term debt. As of December 31, 2013, the Company was not required to make an excess cash flow payment. | ||||||||
        Each of the senior secured facilities include a hedge provision, which required the Company to enter into an interest rate hedge commencing 90 days after the closing date. The hedging provision required the Company to hedge the interest rate on at least 25% of the aggregate outstanding principal amount of the term loans. The purpose of the interest rate swap is to reduce the Company's exposure to interest rate volatility. Effective June 20, 2011, the Company entered into an interest rate swap agreement with a notional amount of $50,000. The interest rate swap negative fair value at December 31, 2013 and 2012 of $282 and $544, respectively, is included in Accrued expenses and other current liabilities on the Consolidated Balance Sheets. The Company has counterparty credit risk resulting from the interest rate swap, which it monitors on an on-going basis. This risk lies with one global financial institution. Under the interest rate swap agreement, effective as of July 18, 2011, the Company either receives or makes payments on a monthly basis based on the differential between 6.335% and LIBOR plus 4.25% (with a LIBOR floor of 1.5%). The interest rate swap contract on the term loan expires in December 2014. | ||||||||
Accrued_Expenses_and_Other_Cur
Accrued Expenses and Other Current Liabilities | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accrued Expenses and Other Current Liabilities | ' | |||||||
Accrued Expenses and Other Current Liabilities | ' | |||||||
8. Accrued Expenses and Other Current Liabilities | ||||||||
        Accrued expenses and other current liabilities are summarized as follows: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Payroll and related costs | $ | 2,857 | $ | 1,429 | ||||
Employee benefits | 4,522 | 2,731 | ||||||
Accrued warranty | 3,808 | 3,628 | ||||||
Other | 3,231 | 2,541 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 14,418 | $ | 10,329 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Warranty_Liability
Warranty Liability | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Warranty Liability | ' | ||||||||||
Warranty Liability | ' | ||||||||||
9. Warranty Liability | |||||||||||
        The Company accrues for estimated warranty costs as sales are recognized and periodically assesses the adequacy of its recorded warranty liability and adjusts the amount as necessary. The Company's warranties generally provide, with respect to its snow and ice control equipment, that all material and workmanship will be free from defect for a period of two years after the date of purchase by the end-user, and with respect to its parts and accessories purchased separately, that such parts and accessories will be free from defect for a period of one year after the date of purchase by the end-user. Certain snowplows only provide for a one year warranty. The Company determines the amount of the estimated warranty costs (and its corresponding warranty reserve) based on the Company's prior five years of warranty history utilizing a formula driven by historical warranty expense and applying management's judgment. The Company adjusts its historical warranty costs to take into account unique factors such as the introduction of new products into the marketplace that do not provide a historical warranty record to assess. The warranty reserve is included with Accrued Expenses and Other Current Liabilities in the accompanying consolidated balance sheets. | |||||||||||
        The following is a rollforward of the Company's warranty liability: | |||||||||||
December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Balance at the beginning of the period | $ | 3,628 | $ | 4,188 | $ | 3,399 | |||||
Establish warranty liability for Trynex | 600 | — | — | ||||||||
Warranty provision | 1,452 | 846 | 3,386 | ||||||||
Claims paid/settlements | (1,872 | ) | (1,406 | ) | (2,597 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at the end of the period | $ | 3,808 | $ | 3,628 | $ | 4,188 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Income Taxes | ' | ||||||||||
Income Taxes | ' | ||||||||||
10. Income Taxes | |||||||||||
        The provision for income tax expense (benefit) consists of the following: | |||||||||||
Year ended December 31 | |||||||||||
2013 | 2012 | 2011 | |||||||||
Current: | |||||||||||
Federal | $ | 712 | $ | (3,994 | ) | $ | 2,697 | ||||
State | (190 | ) | 289 | 326 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
522 | (3,705 | ) | 3,023 | ||||||||
Deferred: | |||||||||||
Federal | 5,582 | 7,375 | 7,855 | ||||||||
State | 1,274 | 474 | 454 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
6,856 | 7,849 | 8,309 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 7,378 | $ | 4,144 | $ | 11,332 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        A reconciliation of income tax expense computed at the federal statutory rate to the provision for income taxes for the years ended December 31, 2013, 2012 and 2011 is as follows: | |||||||||||
2013 | 2012 | 2011 | |||||||||
Federal income tax expense at statutory rate | $ | 6,656 | $ | 3,555 | $ | 10,630 | |||||
State taxes, net of federal benefit | 236 | 218 | 1,522 | ||||||||
Valuation allowance changes | — | 451 | (47 | ) | |||||||
Change in uncertain tax positions, net | 8 | 8 | (150 | ) | |||||||
Research and development credit | (305 | ) | (26 | ) | (111 | ) | |||||
Rate change | 758 | 67 | (162 | ) | |||||||
Manufacturing tax benefits | (44 | ) | — | (552 | ) | ||||||
Other | 69 | (129 | ) | 202 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 7,378 | $ | 4,144 | $ | 11,332 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Significant components of the Company's deferred tax liabilities and assets are as follows: | |||||||||||
December 31, | |||||||||||
2013 | 2012 | ||||||||||
Deferred tax assets: | |||||||||||
Allowance for doubtful accounts | $ | 401 | $ | 223 | |||||||
Inventory reserves | 638 | 445 | |||||||||
Warranty liability | 1,455 | 1,346 | |||||||||
Deferred compensation | 570 | 383 | |||||||||
Earnout liability | 1,531 | — | |||||||||
Pension and retiree health benefit obligations | (869 | ) | 7,072 | ||||||||
Accrued vacation | 587 | 631 | |||||||||
Medical claims reserve | 263 | 261 | |||||||||
State net operating losses | 3,294 | 2,633 | |||||||||
Other accrued liabilities | 865 | 746 | |||||||||
Valuation allowance for state net operating losses | (1,395 | ) | (1,374 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total deferred tax assets | 7,340 | 12,366 | |||||||||
Deferred tax liabilities: | |||||||||||
Tax deductible goodwill and other intangibles | (45,872 | ) | (39,664 | ) | |||||||
Accelerated depreciation | (2,040 | ) | (2,205 | ) | |||||||
Other | (251 | ) | (592 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total deferred tax liabilities | (48,163 | ) | (42,461 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax liabilities | $ | (40,823 | ) | $ | (30,095 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Deferred income tax balances reflect the effects of temporary differences between the carrying amount of assets and liabilities and their tax basis and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. | |||||||||||
        State operating loss carry forwards for tax purposes are $64,378 at December 31, 2013, and will result in future tax benefits of approximately $3,294. These loss carry-forwards will begin to expire in 2019. The Company evaluated the need to maintain a valuation allowance against certain deferred tax assets. Based on this evaluation, which included a review of recent profitability and future projections of profitability, the Company concluded that a valuation allowance of approximately $1,395 is necessary at December 31, 2013 for the state net operating loss carry-forwards which are likely to expire prior to the Company's ability to use the tax benefit. | |||||||||||
        A reconciliation of the beginning and ending liability for uncertain tax positions is as follows: | |||||||||||
2013 | 2012 | ||||||||||
Balance at beginning of year | $ | 328 | $ | 320 | |||||||
Increases for tax position taken in prior years | 8 | 8 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Balance at the end of year | $ | 336 | $ | 328 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        The amount of the unrecognized tax benefits that would affect the effective tax rate, if recognized, was approximately $219 at December 31, 2013. The Company recognizes interest and penalties related to the unrecognized tax benefits in income tax expense. Approximately $70 and $62 of accrued interest and penalties is reported as an income tax liability at December 31, 2013 and 2012, respectively. The liability for unrecognized tax benefits is reported in Other Long-term Liabilities on the consolidated balance sheets at December 31, 2013 and 2012. | |||||||||||
        The Company files income tax returns in the United States (Federal), Wisconsin (state), Maine (state) and various other states. Tax years open to examination by tax authorities under the statute of limitations include 2011, 2012 and 2013 for Federal and 2009 through 2013 for most states. Tax returns for the 2013 tax year have not yet been filed. | |||||||||||
Deferred_Compensation
Deferred Compensation | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Deferred Compensation | ' | |||||||
Deferred Compensation | ' | |||||||
11. Deferred Compensation | ||||||||
        The Company has a long-term incentive compensation plan covering certain management employees. Under the terms of the plan, prior to December 31, 2010 participants earned (lost) additional compensation based upon a percentage of the Company's cash flow from operations reduced by capital expenditures under a predetermined formula. In addition, participants' account balances under the plan increased or decreased on an annual basis based upon the Company's cash flow from operations reduced by capital expenditures under a predetermined formula. Amounts credited to participant accounts under the plan were, and continue to be as of December 31, 2013, non-forfeitable unless a participant is terminated for cause or voluntarily terminates his or her employment with the Company. In either of these events, the terminated participant will forfeit any positive amounts allocated to his or her account for the two years preceding the year of termination. | ||||||||
        Compensation earned under the plan is deferred until such time as the participant has an account balance of more than two times his or her base compensation, at which point 20% of the balance is paid to the participant in cash in a lump sum. Participants are paid their vested account balances under the plan upon separation from the Company as follows: | ||||||||
Payment Method | ||||||||
Balance of less than $75,000 | Lump sum | |||||||
Balance greater than $75,000 | 5 equal annual installments | |||||||
        With respect to account balances paid in installments, participants earn interest each year on the unpaid balance at the one-year U.S. Treasury rate in effect at the beginning of the year. Effective December 31, 2010, the Company froze the long-term incentive plan. The Company will continue to pay its obligations to previously designated recipients in accordance with the plan, but no new compensation will be earned under the plan. | ||||||||
        Activity for the plan is as follows: | ||||||||
December 31 | ||||||||
2013 | 2012 | |||||||
Balance at beginning of year | $ | 911 | $ | 1,067 | ||||
Payments to current and former participants | (155 | ) | (156 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at end of year | 756 | 911 | ||||||
Less current portion | (98 | ) | (155 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Long term balance at end of year | $ | 658 | $ | 756 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Employee_Retirement_Plans
Employee Retirement Plans | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Employee Retirement Plans | ' | ||||||||||||||||
Employee Retirement Plans | ' | ||||||||||||||||
12. Employee Retirement Plans | |||||||||||||||||
Pension benefits | |||||||||||||||||
        The Company provides noncontributory defined benefit pension plans for most employees. Plans covering salaried employees generally provide pension benefits that are based on the employee's average earnings and credited service. Plans covering hourly employees generally provide benefits of stated amounts for each year of service. The Company's funding policy for the plans is to contribute amounts sufficient to meet the minimum funding requirement of the Employee Retirement Income Security Act of 1974, plus any additional amounts that the Company may determine to be appropriate. | |||||||||||||||||
        The reconciliation of the beginning and ending balances of the fair value of plan assets, funded status of plans, and amounts recognized in the consolidated balance sheets consisted of the following: | |||||||||||||||||
December 31 | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Change in projected benefit obligation: | |||||||||||||||||
Benefit obligation at beginning of year | $ | 36,209 | $ | 32,800 | |||||||||||||
Service cost | 246 | 268 | |||||||||||||||
Interest cost | 1,449 | 1,482 | |||||||||||||||
Actuarial (gain) loss | (5,031 | ) | 2,944 | ||||||||||||||
Benefits paid | (1,158 | ) | (1,285 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Benefit obligation at end of year | 31,715 | 36,209 | |||||||||||||||
Change in plan assets: | |||||||||||||||||
Fair value of plan assets at beginning of year | 21,808 | 18,637 | |||||||||||||||
Actual return on plan assets | 3,160 | 2,442 | |||||||||||||||
Employer contributions through December 31 | 828 | 2,014 | |||||||||||||||
Benefits paid | (1,158 | ) | (1,285 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Fair value of plan assets at end of year | 24,638 | 21,808 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Funded Status: accrued pension liability | $ | (7,077 | ) | $ | (14,401 | ) | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        In November 2011, the Company took the following actions with respect to its pension plans effective as of December 31, 2011: It froze benefits as of January 1, 2012 for all employees under the Company's Pension Plan for Hourly Employees, froze benefits as of January 1, 2012 for all employees under the Company's Salaried Pension Plan for employees with less than five years of service and grandfathered employees (other than certain highly compensated employees) under the Company's Salaried Pension Plan with five or more years of service, but reduced the benefit accrual from 1.67% of pay to 1.00% of pay. In order to offset the loss of these benefit to employees, the Company has enhanced its defined contribution plan. The Company also established a nonqualified deferred compensation plan effective as of January 1, 2012, for certain highly compensated employees whose participation in the qualified plan is restricted. A liability gain of $1,408 from this curtailment was recognized as a reduction to the net actuarial loss, as the liability gain was less than the unrecognized net actuarial loss prior to the curtailment for the pension plan in the year ended December 31, 2011. Therefore, this did not impact the consolidated statement of income for the year ended December 31, 2011. | |||||||||||||||||
        The components of net periodic pension cost consisted of the following for the years ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Component of net periodic pension cost: | |||||||||||||||||
Service cost | $ | 246 | $ | 268 | $ | 961 | |||||||||||
Interest cost | 1,449 | 1,482 | 1,539 | ||||||||||||||
Expected return on plan assets | (1,409 | ) | (1,274 | ) | (1,357 | ) | |||||||||||
Amortization of net loss | 1,205 | 770 | 454 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Net periodic pension cost | $ | 1,491 | 1,246 | $ | 1,597 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        The accumulated benefit obligation for all pension plans as of December 31, 2013 and 2012, was $31,623 and $34,949, respectively. | |||||||||||||||||
        In accordance with its adoption of ASC 715-20, the Company uses December 31 as its measurement date for all periods presented. Assumptions used in determining net periodic pension cost for the plans consisted of the following: | |||||||||||||||||
Year ended December 31 | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Discount rates | 4.1 | % | 4.6 | % | 5.5 | % | |||||||||||
Rates of increase in compensation levels: | |||||||||||||||||
Salaried | 3.5 | 3.5 | 3.5 | ||||||||||||||
Hourly | N/A | N/A | N/A | ||||||||||||||
Expected long-term rate of return on assets | 7.25 | 7.25 | 8 | ||||||||||||||
        The discount rate used to determine the benefit obligation at December 31, 2012 was 4.1% for both hourly and salaried pension plans. Meanwhile the discount rate used to determine the benefit obligation at December 31, 2013 was 4.9% and 4.8% for the hourly and salaried pension plans, respectively. | |||||||||||||||||
        For 2014, the expected long-term rate of return on plan assets is 7.25%. To determine the long-term rate of return assumption for plan assets, the Company studies historical markets and preserves the long-term historical relationships between equities and fixed-income securities consistent with the widely accepted capital market principle that assets with higher volatility generate a greater return over the long run. The Company evaluates current market factors such as inflation and interest rates before it determines long-term capital market assumptions and reviews peer data and historical returns to check for reasonableness and appropriateness. | |||||||||||||||||
        The expected benefit payments under the pension plans are as follows: | |||||||||||||||||
2014 | $ | 1,330 | |||||||||||||||
2015 | 1,340 | ||||||||||||||||
2016 | 1,360 | ||||||||||||||||
2017 | 1,400 | ||||||||||||||||
2018 | 1,440 | ||||||||||||||||
2019 - 2023 | 8,250 | ||||||||||||||||
        The Company made required minimum pension funding contributions of $828 to the pension plans in 2013 and currently expects to make $1,410 of required minimum pension funding contributions in 2014. | |||||||||||||||||
        The Company maintains target allocation percentages among various asset classes based on an investment policy established for the pension plans, which is designed to achieve long-term objectives of return, while mitigating downside risk and considering expected cash flows. The current weighted-average target asset allocations are reflective of actual investments at December 31, 2013 and 2012. The investment policy is reviewed periodically in order to achieve overall objectives in light of current circumstances. | |||||||||||||||||
        The Company's weighted-average asset allocation and actual allocation for the qualified pension plans by asset category at December 31 is as follows: | |||||||||||||||||
Target | 2013 | 2012 | |||||||||||||||
Large Cap Equity | 37 | % | $ | 7,373 | 30 | % | $ | 6,766 | 31 | % | |||||||
Mid Cap Equity | 4 | % | 938 | 4 | % | 859 | 4 | % | |||||||||
Small Cap Equity | 3 | % | 935 | 4 | % | 876 | 4 | % | |||||||||
International Equity | 12 | % | 2,485 | 10 | % | 2,448 | 11 | % | |||||||||
Emerging markets Equity | 2 | % | 617 | 2 | % | 598 | 3 | % | |||||||||
Fixed Income and Cash Equivalents | 34 | % | 9,830 | 40 | % | 8,019 | 37 | % | |||||||||
Real Estate | 8 | % | 2,460 | 10 | % | 2,242 | 10 | % | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | 100 | % | $ | 24,638 | 100 | % | $ | 21,808 | 100 | % | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The investment strategy is to build an efficient, well-diversified portfolio based on a long-term, strategic outlook of the investment markets. The investment market outlook utilizes both historical-based and forward-looking return forecasts to establish future return expectations for various asset classes. These return expectations are used to develop a core asset allocation based on the needs of the plan. The core asset allocation utilizes investment portfolios of various asset classes and multiple investment managers in order to help maximize the plan's return while providing multiple layers of diversification to help minimize risk. | |||||||||||||||||
        The following table presents the fair values of the plan assets related to the Company's pension plans within the fair value hierarchy as defined in Note 2. | |||||||||||||||||
        The fair values of the Company's pension plan assets as of December 31, 2013 are as follows: | |||||||||||||||||
Balance as of | Quoted Prices in | Significant Other | Significant | ||||||||||||||
December 31, 2013 | Active Markets for | Observable | Unobservable | ||||||||||||||
Identical Assets | Inputs | Inputs (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Assets: | |||||||||||||||||
Equity holdings | $ | 13,582 | $ | — | $ | 13,582 | $ | — | |||||||||
Fixed-income holdings | 9,830 | — | 9,830 | — | |||||||||||||
Alternative investments | 1,226 | — | — | 1,226 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total pension plan assets | $ | 24,638 | $ | — | $ | 23,412 | $ | 1,226 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        The fair values of the Company's pension plan assets as of December 31, 2012 are as follows: | |||||||||||||||||
Balance as of | Quoted Prices in | Significant Other | Significant | ||||||||||||||
December 31, | Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
2012 | Identical Assets | (Level 2) | Inputs (Level 3) | ||||||||||||||
(Level 1) | |||||||||||||||||
Assets: | |||||||||||||||||
Equity holdings | $ | 12,672 | $ | — | $ | 12,672 | $ | — | |||||||||
Fixed-income holdings | 8,019 | — | 8,019 | — | |||||||||||||
Alternative investments | 1,117 | — | — | 1,117 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total pension plan assets | $ | 21,808 | $ | — | $ | 20,691 | $ | 1,117 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Level 2 investments are based on quoted prices for similar assets in markets that are not active while Level 3 investments are comprised of a real estate fund for which the fair value is determined by taking the appraised values of the properties on hand plus other assets and subtracting mortgage loans and other liabilities. | |||||||||||||||||
        The following table presents a reconciliation of the fair value measurements using significant unobservable inputs (Level 3): | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Balance, beginning of year | $ | 1,117 | $ | 1,096 | |||||||||||||
Deposits | 41 | 187 | |||||||||||||||
Actual return on plan assets held at reporting date | 149 | 125 | |||||||||||||||
Withdrawals | (81 | ) | (291 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Balance, end of year | $ | 1,226 | $ | 1,117 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Postretirement benefits | |||||||||||||||||
        The Company provides postretirement healthcare benefits for certain employee groups. The postretirement healthcare plans are contributory and contain certain other cost-sharing features such as deductibles and coinsurance. The plans are unfunded. Employees do not vest until they retire from active employment with the Company and have at least twelve years of service. These benefits can be amended or terminated at anytime and are subject to the same ongoing changes as the Company's healthcare benefits for employees with respect to deductible, co-insurance and participant contributions. | |||||||||||||||||
        Effective January 1, 2004, the postretirement healthcare benefits were extended to all active employees of the Company as of December 31, 2003. The period of coverage was reduced and the retiree contribution percentage was increased in order to keep the cost of the plan equivalent to the previous plan design. | |||||||||||||||||
        Maximum coverage under the plan is limited to ten years. All benefits terminate upon the death of the retiree. Employees who began working for the Company after December 31, 2003, are not eligible for postretirement healthcare benefits. | |||||||||||||||||
        The reconciliation of the beginning and ending balances of the projected benefit obligation for the Company consisted of the following: | |||||||||||||||||
December 31 | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Change in projected benefit obligation: | |||||||||||||||||
Benefit obligation at beginning of year | $ | 6,812 | $ | 8,402 | |||||||||||||
Service cost | 250 | 281 | |||||||||||||||
Interest cost | 245 | 360 | |||||||||||||||
Participant contributions | 100 | 103 | |||||||||||||||
Changes in actuarial assumptions | (2,085 | ) | (1,590 | ) | |||||||||||||
Benefits paid | (448 | ) | (744 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Projected benefit obligation at end of year | $ | 4,874 | $ | 6,812 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Amounts recognized in the consolidated balance sheets consisted of: | |||||||||||||||||
Accrued expenses and other current liabilities | $ | 220 | $ | 271 | |||||||||||||
Retiree health benefit obligation | 4,654 | 6,541 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 4,874 | $ | 6,812 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        The components of postretirement healthcare benefit cost consisted of the following for the years ended December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Component of net postretirement health benefit cost: | |||||||||||||||||
Service cost | $ | 250 | $ | 281 | $ | 263 | |||||||||||
Interest cost | 245 | 360 | 407 | ||||||||||||||
Amortization of net gain | (172 | ) | (17 | ) | (61 | ) | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Net postretirement healthcare benefit cost | $ | 323 | $ | 624 | $ | 609 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        The assumed discount and healthcare cost trend rates are summarized as follows: | |||||||||||||||||
Year Ended | |||||||||||||||||
December 31 | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Discount rate | 3.7 | % | 4.4 | % | 5.5 | % | |||||||||||
Immediate healthcare cost trend rate | 7 | 8 | 9 | ||||||||||||||
Ultimate healthcare cost trend rate | 4.5 | 4.5 | 5 | ||||||||||||||
Assumed annual reduction in trend rate | * | ** | *** | ||||||||||||||
Participation | 80 | 80 | 80 | ||||||||||||||
* | |||||||||||||||||
Health Care Cost Trend rate is assumed to be 7.0% beginning in 2013 gradually reducing to an ultimate rate of 4.5% in 2020. | |||||||||||||||||
** | |||||||||||||||||
Health Care Cost Trend rate is assumed to be 8.0% beginning in 2012 gradually reducing to an ultimate rate of 4.5% in 2019. | |||||||||||||||||
*** | |||||||||||||||||
Health Care Cost Trend rate is assumed to be 9.0% beginning in 2011 gradually reducing to an ultimate rate of 5.0% in 2017. | |||||||||||||||||
        The discount rate used to determine the benefit obligation at December 31, 2013 and 2012 is 4.5% and 3.7%, respectively. For December 31, 2013, the health care cost trend rate is assumed to be 7.0% for participants under 65 and 5.0% for those over 65 beginning in 2014 gradually reducing to an ultimate rate of 4.5% in 2020 for both participants under 65 and over 65. For December 31, 2012, the health care cost trend rate is assumed to be 8.0% for participants under 65 and 6.0% for those over 65 beginning in 2013 gradually reducing to an ultimate rate of 4.5% in 2021 for both participants under 65 and over 65. For December 31, 2011, the health care cost trend rate is assumed to be 8.0% beginning in 2012 gradually reducing to an ultimate rate of 4.5% in 2019. | |||||||||||||||||
        A one percentage point change in the healthcare cost trend rate would have the following effect at December 31, 2013: | |||||||||||||||||
1% | 1% | ||||||||||||||||
Increase | Decrease | ||||||||||||||||
Effect on total service and interest cost | $ | 51 | $ | (44 | ) | ||||||||||||
Effect on postretirement benefit obligation | 555 | (482 | ) | ||||||||||||||
        Amounts included in other comprehensive loss, net of tax, at December 31, 2013, which have not yet been recognized in net periodic pension or OPEB cost, were net actuarial gain (loss) of ($2,912) and $2,234 for the pension plans and postretirement healthcare benefit plans, respectively. The estimated actuarial gain (loss) for the defined benefit plans that will be amortized from accumulated other comprehensive loss into net periodic pension or OPEB cost during 2014 are ($202) and $398 for the pension plans and postretirement healthcare benefit plans, respectively. | |||||||||||||||||
Defined contribution plan | |||||||||||||||||
        The Company has a defined contribution plan, which qualifies under Section 401(k) of the Internal Revenue Code and provides substantially all employees an opportunity to accumulate personal funds for their retirement. Contributions are made on a before-tax basis to the plan and are invested, at the employees' direction, among a variety of investment alternatives including, commencing January 1, 2013, a Company common stock fund designated as an employee stock ownership plan. | |||||||||||||||||
        As determined by the provisions of the plan, the Company matches a portion of the employees' basic voluntary contributions. The Company matching contributions to the plan were approximately $213, $198 and $140 for the years ended December 31, 2013, 2012 and 2011, respectively. Beginning January 1, 2012, the Company amended its defined contribution plan to permit non-discretionary employer contributions. The Company made non-discretionary employer contributions of $807 and $871 in the years ended December 31, 2013 and December 31, 2012, respectively. | |||||||||||||||||
Non-qualified plan | |||||||||||||||||
        The Company also maintains a supplemental non-qualified plan for certain officers and other key employees. Expense for this plan was $450 and $471 for the years ended December 31, 2013 and December 31, 2012, respectively. The amount accrued was $1,105 and $497 as of December 31, 2013 and December 31, 2012, respectively. Amounts were determined based on the fair value of the liability at December 31, 2013 and December, 31, 2012, respectively. | |||||||||||||||||
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||||||
13. Stock-Based Compensation | ||||||||||||||||||||
Amended and Restated 2004 Stock Incentive Plan | ||||||||||||||||||||
        In connection with the IPO, in May 2010, the Company's Board of Directors and stockholders amended and restated the Company's 2004 Stock Incentive Plan (as amended and restated, the "A&R 2004 Plan") and certain outstanding award agreements thereunder, to among other things, eliminate the ability of the holders thereunder to use a promissory note to pay any portion of the exercise price of the options, to provide that the use of "net exercises" to pay any portion of the exercise price of the options shall be at the sole discretion of the committee administering the A&R 2004 Plan, and to effect certain ministerial changes under the A&R 2004 Plan. In addition, in connection with the IPO, the Board of Directors also resolved not to issue any further awards under the A&R 2004 Plan. As of December 31, 2013, 37,240 shares of common stock are reserved for issuance upon the exercise of outstanding options under the A&R 2004 Plan. All outstanding options are fully vested. All options expire 10 years from the date of grant. | ||||||||||||||||||||
2010 Stock Incentive Plan | ||||||||||||||||||||
        In connection with the IPO, in May 2010, the Company's Board of Directors and stockholders adopted the 2010 Stock Incentive Plan (the "2010 Plan"). The 2010 Plan provides for the issuance of nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock awards and restricted stock units, any of which may be performance-based, and for incentive bonuses, which may be paid in cash or stock or a combination of both, to eligible employees, officers, non-employee directors and other service providers to the Company and its subsidiaries. A maximum of 2,130,000 shares of common stock may be issued pursuant to all awards under the 2010 Plan. As of December 31, 2013, the Company had 1,595,858 shares of common stock available for future issuance of awards under the 2010 Plan. The shares of common stock to be issued under the 2010 Plan will be made available from authorized and unissued Company common stock. | ||||||||||||||||||||
Stock Options | ||||||||||||||||||||
        The following table summarizes information with respect to the Company's stock option activity under the A&R 2004 Plan for the years ended December 31, 2013, 2012 and 2011. | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||
Options | Weighted | Options | Weighted | Options | Weighted | |||||||||||||||
average | average | average | ||||||||||||||||||
exercise | exercise | exercise | ||||||||||||||||||
price | price | price | ||||||||||||||||||
Outstanding—beginning of year | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | 356,623 | $ | 4.21 | |||||||||||
Granted | — | — | — | — | — | — | ||||||||||||||
Canceled | — | — | — | — | — | — | ||||||||||||||
Exercised | — | — | — | — | (319,383 | ) | 4.21 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding—end of year | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Exercisable—end of year | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        No stock options were exercised in either of the years ended December 31, 2013 or December 31, 2012. Certain of the Company's option holders exercised 319,383 stock options during the year ended December 31, 2011, of which 184,236 options were exercised utilizing a broker assisted cashless exercise. The options exercised were granted under APB 25 with an exercise price equal to fair value at date of grant, and accordingly so, no compensation expense was recorded at the time of grant. The Company did not bear the risk and rewards of the options and thus, did not record stock based compensation expense. The option holders paid the Company the required exercise price for the remaining options at the time of exercise and therefore the Company did not record any stock based compensation expense. | ||||||||||||||||||||
        As of December 31, 2013, 2012 and 2011, the weighted-average remaining contractual life of all outstanding options was 2.7, 3.7 and 4.7 years, respectively. As of December 31, 2013, 2012 and 2011, the weighted-average remaining contractual life of all exercisable options was 2.7, 3.7 and 4.7 years, respectively. | ||||||||||||||||||||
        The aggregate intrinsic value of the options at December 31, 2013 was $470 for both options outstanding and exercisable. The aggregate intrinsic value of the options at December 31, 2012 was $379 for both options outstanding and exercisable. There were no options exercised for the years ended December 31, 2013 and December 31, 2012. The aggregate intrinsic value of stock options exercised during 2011 was $3,200. | ||||||||||||||||||||
Restricted Stock | ||||||||||||||||||||
        Restricted stock carries both voting and dividend rights. A summary of restricted stock activity for the years ended December 31, 2013, 2012 and 2011 is as follows: | ||||||||||||||||||||
Shares | Weighted | Weighted | ||||||||||||||||||
Average | Average | |||||||||||||||||||
Grant Date | Remaining | |||||||||||||||||||
Fair value | Contractual Term | |||||||||||||||||||
Unvested at December 31, 2010 | 242,088 | $ | 11.68 | 4.01 years | ||||||||||||||||
Granted | 43,690 | 14.99 | 2.00Â years | |||||||||||||||||
Vested | (50,111 | ) | 11.77 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Unvested at December 31, 2011 | 235,667 | 12.27 | 2.83 years | |||||||||||||||||
Granted | 42,077 | 14.57 | 2.00Â years | |||||||||||||||||
Vested | (68,921 | ) | 12.61 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Unvested at December 31, 2012 | 208,823 | 12.63 | 1.94 years | |||||||||||||||||
Granted | 44,022 | 14.78 | 2.00Â years | |||||||||||||||||
Vested | (82,942 | ) | 12.97 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Unvested at December 31, 2013 | 169,903 | $ | 13.03 | 1.34 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Expected to vest in the future at December 31, 2013 | 163,786 | $ | 13.03 | 1.34 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
        The fair value of the Company's restricted stock awards is the closing stock price on the date of grant. The Company recognized $1,126 , $1,092, and $848 of compensation expense related to restricted stock awards for the years ended December 31, 2013, December 31, 2012, and December 31, 2011, respectively. The unrecognized compensation expense for shares expected to vest as of December 31, 2013 and December 31, 2012 was approximately $1,218 and $1,685, respectively. | ||||||||||||||||||||
Unrestricted Stock | ||||||||||||||||||||
        The Company did not grant any shares of unrestricted stock in the year ended December 31, 2013. The Company granted 58,441, and 68,224 shares of unrestricted stock as performance based awards under the 2010 plan in the years ended December 31, 2012 and December 31, 2011, respectively. The fair value of the Company's unrestricted stock awards is the closing stock price on the date of grant, or $12.94, and $15.01 per share, for grants in years ended December 31, 2012 and December 31, 2011, respectively. The Company recognized $756 and $1,024 of compensation expense related to unrestricted stock awards granted for the years ended December 31, 2012 and December 31, 2011, respectively. The shares of unrestricted stock subject to awards granted in 2011 were issued in March 2012, while the shares of unrestricted stock subject to awards granted in 2012 were issued in March 2013. There is no required vesting period for the unrestricted shares of stock as recipients are entitled to the shares following grant and satisfaction of performance requirements of the award, both of which occurred by the years ended December 31, 2011 and December 31, 2012. | ||||||||||||||||||||
Restricted Stock Units | ||||||||||||||||||||
        Restricted stock units ("RSUs") are granted to both non-employee directors and management. Prior to 2013, RSUs were only issued to directors. However, in 2013, the Company changed the timing and form of management's annual stock grants and began to grant RSUs to management. For both non-employee directors and maangement, RSUs carry dividend equivalent rights but do not carry voting rights. Each RSU represents the right to receive one share of the Company's common stock and is subject to time based vesting restrictions. Participants are not required to pay any consideration to the Company at either the time of grant of a RSU or upon vesting. | ||||||||||||||||||||
        In 2013, the Company's compensation committee approved a retirement provision for RSUs issued to management. The retirement provision provides that members of management who either (1) are age 65 or older or (2) have at least ten years of service and are at least age 55 will continue to vest in unvested RSUs upon retirement. As the retirement provision does not qualify as a substantive service condition, the Company incurred $261 in additional expense in the year ended December 31, 2013 as a result of accelerated stock based compensation expense for employees who meet the thresholds of the retirement provision. The Company's nominating and governance committee also approved a retirement provision for the RSUs issued to non-employee directors that accelerates the vesting of such RSUs upon retirement. Such awards are fully expensed immediately upon grant in accordance with ASC 718, as the retirement provision eliminates substantive service conditions associated with the awards. | ||||||||||||||||||||
        A summary of RSU activity for the years ended December 31, 2013 and 2012 is as follows: | ||||||||||||||||||||
Shares | Weighted | Weighted | ||||||||||||||||||
Average | Average | |||||||||||||||||||
Grant Date | Remaining | |||||||||||||||||||
Fair value | Contractual | |||||||||||||||||||
Term | ||||||||||||||||||||
Unvested at December 31, 2010 | — | — | — | |||||||||||||||||
Granted | 20,612 | $ | 15.21 | — | ||||||||||||||||
Vested | (1,719 | ) | 15.25 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Unvested at December 31, 2011 | 18,893 | 15.2 | 2.00 years | |||||||||||||||||
Granted | 14,367 | 14.35 | 1.02Â years | |||||||||||||||||
Vested | (7,214 | ) | 15.21 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Unvested at December 31, 2012 | 26,046 | 14.73 | 0.72 years | |||||||||||||||||
Granted | 70,324 | 14.52 | 0.82Â years | |||||||||||||||||
Vested | (53,022 | ) | 14.68 | |||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Unvested at December 31, 2013 | 43,348 | $ | 14.46 | 1.55 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Expected to vest in the future at December 31, 2013 | 41,787 | $ | 14.46 | 1.55 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        The Company recognized $852 of compensation expense related to the RSU awards in the year ended December 31, 2013. The unrecognized compensation expense, net of expected forfeitures, calculated under the fair value method for shares that were, as of December 31, 2013, expected to be earned through the requisite service period was approximately $357 and is expected to be recognized through 2016. | ||||||||||||||||||||
        Vested RSUs are "settled" by the delivery to the participant or a designated brokerage firm of one share of common stock per vested RSU as soon as reasonably practicable following a termination of service of the participant that constitutes a separation from service, and in all events no later than the end of the calendar year in which such termination of service occurs or, if later, two and one-half months after such termination of service. | ||||||||||||||||||||
Performance Share Unit Awards | ||||||||||||||||||||
        The Company granted performance share units as performance based awards under the 2010 Plan in the first quarter of 2013 that are subject to performance conditions. Upon meeting the prescribed performance conditions, in the first quarter of the year subsequent to grant, employees will be issued RSUs of which one third will vest immediately upon issuance. The remaining RSU's issued will be subject to vesting over the two years following the end of the performance period. In accordance with ASC 718, such awards are being expensed over the vesting period from the date of grant through the requisite service period, based upon the most probable outcome. As of December 31, 2013, the performance conditions for share units granted in the year ended December 31, 2013 have been met. Thus, in the first quarter of 2014, management estimates that 74,516 performance shares units will be converted into RSU's. Upon conversion the first third of the RSU's issued will immediately vest and converted into common shares. The remaining two thirds of the RSU's issued will vest ratably over the remaining two-year vesting period. The fair value per share of the awards is the closing stock price on the date of grant, which was $14.40. The Company recognized $609 of compensation expense related to the awards in the year ended December 31, 2013. The unrecognized compensation expense calculated under the fair value method for shares that were, as of December 31, 2013, expected to be recognized through the requisite service period was $453 and is expected to be recognized through 2016. | ||||||||||||||||||||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Earnings Per Share | ' | ||||||||||
Earnings Per Share | ' | ||||||||||
14. Earnings Per Share | |||||||||||
        Basic earnings per share of common stock is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share of common stock is computed by dividing net income by the weighted average number of common shares and common stock equivalents related to the assumed exercise of stock options, using the two-class method. Stock options for which the exercise price exceeds the average fair value have an anti-dilutive effect on earnings per share and are excluded from the calculation. There were no shares excluded from diluted earnings per share for the years presented. | |||||||||||
        All restricted stockholders and RSU holders participate in dividends. Thus, the Company has calculated earnings per share pursuant to the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends. | |||||||||||
2013 | 2012 | 2011 | |||||||||
Basic earnings per common share | |||||||||||
Net income | $ | 11,639 | $ | 6,012 | $ | 19,040 | |||||
Less income allocated to participating securities | 179 | 69 | 233 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income allocated to common shareholders | $ | 11,460 | $ | 5,943 | $ | 18,807 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Weighted average common shares outstanding | 22,029,374 | 21,894,569 | 21,650,736 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 0.52 | $ | 0.27 | $ | 0.87 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings per common share assuming dilution | |||||||||||
Net income | $ | 11,639 | $ | 6,012 | $ | 19,040 | |||||
Less income allocated to participating securities | 179 | 69 | 233 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income allocated to common shareholders | $ | 11,460 | $ | 5,943 | $ | 18,807 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Weighted average common shares outstanding | 22,029,374 | 21,894,569 | 21,650,736 | ||||||||
Incremental shares applicable to stock based compensation | 37,800 | 69,742 | 163,881 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Weighted average common shares assuming dilution | 22,067,174 | 21,964,311 | 21,814,617 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 0.51 | $ | 0.26 | $ | 0.85 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies | ' |
Commitments and Contingencies | ' |
15. Commitments and Contingencies | |
        In the ordinary course of business, the Company is engaged in various litigation including product liability and intellectual property disputes. However, the Company does not believe that any pending litigation will have a material adverse effect on its consolidated financial position, consolidated results of operations or liquidity. In addition, the Company is not currently a party to any environmental-related claims or legal matters. | |
Impairment_of_Assets_Held_For_
Impairment of Assets Held For Sale | 12 Months Ended |
Dec. 31, 2013 | |
Impairment of Assets Held For Sale | ' |
Impairment of Assets Held For Sale | ' |
16. Impairment of Assets Held For Sale | |
        During the first quarter of 2013, the Company lowered the asking price for its assets held for sale. The Company recorded assets held for sale on its balance sheet in conjunction with the closure of the Johnson City, Tennessee location in 2010. The land and building have been held for sale since the closure. In an effort to stimulate sales activity, the Company lowered the listed sale price which caused the Company to reassess the fair value of the assets held for sale. The Company valued the fair value of the assets held for sale based upon Level 2 market price inputs for similar assets. The Company used comparable properties sold and held for sale in the Johnson City, TN industrial real estate market to determine an appropriate fair value. Consequently, the Company incurred a $647 loss recognized on the impairment of assets held for sale and is included in "Impairment of assets held for sale" on the Consolidated Statements of Income (Loss). | |
Stockholders_equity
Stockholders' equity | 12 Months Ended |
Dec. 31, 2013 | |
Stockholders' equity | ' |
Stockholders' equity | ' |
17. Stockholders' equity | |
Preferred Stock | |
        The Company is authorized to issue 5,000,000 shares of preferred stock, par value $0.01 per share. Subject to any limitations under law or the Company's certificate of incorporation, the Company's board of directors is authorized to provide for the issuance of the shares of preferred stock in one or more series; to establish the number of shares to be included in each series; and to fix the designation, powers, privileges, preferences, relative participating, optional or other rights (if any), and the qualifications, limitations or restrictions of the shares of each series. As of December 31, 2013 and 2012, no shares of preferred stock were issued and outstanding. | |
Common Stock | |
        The Company has 200,000,000 shares of common stock authorized, of which 22,223,454 and 22,130,996 shares were issued and outstanding as of December 31, 2013 and 2012, respectively. The par value of the common stock is $0.01 per share. | |
        The holders of common stock are entitled to one vote per share on all matters submitted to a vote of stockholders. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, common stockholders would be entitled to share ratably in the Company's assets and funds remaining after payment of liabilities. | |
Valuation_and_qualifying_accou
Valuation and qualifying accounts | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Valuation and qualifying accounts | ' | |||||||||||||
Valuation and qualifying accounts | ' | |||||||||||||
18. Valuation and qualifying accounts | ||||||||||||||
        The Company's valuation and qualifying accounts for the years ended December 31, 2013, 2012 and 2011 are as follows: | ||||||||||||||
Balance at | Additions | Changes to | Balance at | |||||||||||
beginning | charged to | reserve, | end of | |||||||||||
of year | earnings | net(1) | year | |||||||||||
Year ended December 31, 2013 | ||||||||||||||
Allowance for doubtful accounts | $ | 600 | $ | 329 | $ | 122 | $ | 1,051 | ||||||
Reserves for inventory | 1,199 | 757 | (357 | ) | 1,599 | |||||||||
Valuation of deferred tax assets | 1,374 | — | 21 | 1,395 | ||||||||||
Year ended December 31, 2012 | ||||||||||||||
Allowance for doubtful accounts | $ | 1,247 | $ | 259 | $ | (906 | ) | $ | 600 | |||||
Reserves for inventory | 1,288 | 715 | (804 | ) | 1,199 | |||||||||
Valuation of deferred tax assets | 830 | — | 544 | 1,374 | ||||||||||
Year ended December 31, 2011 | ||||||||||||||
Allowance for doubtful accounts | $ | 1,200 | $ | 1,106 | $ | (1,059 | ) | $ | 1,247 | |||||
Reserves for inventory | 1,404 | 1,080 | (1,196 | ) | 1,288 | |||||||||
Valuation of deferred tax assets | 877 | — | (47 | ) | 830 | |||||||||
-1 | ||||||||||||||
Deductions from the allowance for doubtful accounts equal accounts receivable written off, less recoveries, against the allowance. Deductions from the reserves for inventory excess and obsolete items equal inventory written off against the reserve as items were disposed of. Deductions to the valuation of deferred tax assets relate to the reversals due to changes in management's judgments regarding the future realization of the underlying deferred tax assets. | ||||||||||||||
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Loss by Component | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Changes in Accumulated Other Comprehensive Loss by Component | ' | |||||||||||||
Changes in Accumulated Other Comprehensive Loss by Component | ' | |||||||||||||
19. Changes in Accumulated Other Comprehensive Loss by Component | ||||||||||||||
        Changes to accumulated other comprehensive loss by component for the year ended December 31, 2013 is as follows: | ||||||||||||||
Unrealized | Retiree | Pension | Total | |||||||||||
Net Loss | Health | Obligation | ||||||||||||
on Interest | Benefit | |||||||||||||
Rate Swap | Obligation | |||||||||||||
Balance at December 31, 2012 | $ | (344 | ) | $ | 1,063 | $ | (7,803 | ) | $ | (7,084 | ) | |||
Other comprehensive gain (loss) before reclassifications | (22 | ) | 1,066 | 4,154 | 5,197 | |||||||||
Amounts reclassified from accumulated other comprehensive loss(1) | 182 | 105 | 737 | 1,025 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2013 | $ | (184 | ) | $ | 2,234 | $ | (2,912 | ) | $ | (862 | ) | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
-1 | ||||||||||||||
Amounts reclassified from accumulated other comprehensive loss: | ||||||||||||||
December 31, | ||||||||||||||
2013 | ||||||||||||||
Amortization of Other Postretirement Benefit items: | ||||||||||||||
Actuarial loss(a) | 172 | |||||||||||||
Tax benefit | (67 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Reclassification net of tax | $ | 105 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Amortization of pension items: | ||||||||||||||
Actuarial loss(a) | $ | 1,205 | ||||||||||||
Tax benefit | (468 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Reclassification net of tax | $ | 737 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Realized losses on interest rate swap reclassified to interest expense | 297 | |||||||||||||
Tax benefit | (115 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Reclassification net of tax | $ | 182 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
(a) | ||||||||||||||
These components are included in the computation of benefit plan costs in Note 12. | ||||||||||||||
Quarterly_Financial_Informatio
Quarterly Financial Information (Unaudited) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Quarterly Financial Information (Unaudited) | ' | |||||||||||||
Quarterly Financial Information (Unaudited) | ' | |||||||||||||
20. Quarterly Financial Information (Unaudited) | ||||||||||||||
2013 | ||||||||||||||
First | Second | Third | Fourth | |||||||||||
Net sales | $ | 14,141 | $ | 55,156 | $ | 52,026 | $ | 72,997 | ||||||
Gross profit | $ | 4,326 | $ | 18,878 | $ | 15,044 | $ | 27,402 | ||||||
Income (loss) before taxes | $ | (5,543 | ) | $ | 9,261 | $ | 694 | $ | 14,605 | |||||
Net income (loss) | $ | (3,404 | ) | $ | 5,909 | $ | 603 | $ | 8,531 | |||||
Basic net earnings (loss) per common share attributable to common shareholders | $ | (0.15 | ) | $ | 0.26 | $ | 0.03 | $ | 0.38 | |||||
Earnings (loss) per common share assuming dilution attributable to common shareholders | $ | (0.15 | ) | $ | 0.26 | $ | 0.02 | $ | 0.38 | |||||
Dividends per share | $ | 0.21 | $ | 0.21 | $ | 0.21 | $ | 0.21 | ||||||
2012 | ||||||||||||||
First | Second | Third | Fourth | |||||||||||
Net sales | $ | 8,560 | $ | 65,499 | $ | 37,774 | $ | 28,200 | ||||||
Gross profit | $ | 1,820 | $ | 23,060 | $ | 11,566 | $ | 7,517 | ||||||
Income (loss) before taxes | $ | (6,235 | ) | $ | 13,719 | $ | 3,091 | $ | (419 | ) | ||||
Net income (loss) | $ | (4,268 | ) | $ | 8,972 | $ | 2,346 | $ | (1,038 | ) | ||||
Basic net earnings (loss) per common share attributable to common shareholders | $ | (0.19 | ) | $ | 0.41 | $ | 0.11 | $ | (0.05 | ) | ||||
Earnings (loss) per common share assuming dilution attributable to common shareholders | $ | (0.19 | ) | $ | 0.4 | $ | 0.1 | $ | (0.05 | ) | ||||
Dividends per share | $ | 0.21 | $ | 0.21 | $ | 0.21 | $ | 0.21 | ||||||
        Due to changes in stock prices during the year and timing of issuance of shares, the sum of quarterly earnings per share may not equal the annual earnings per share. | ||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
Principles of consolidation | ' | ||||||||||
Principles of consolidation | |||||||||||
        The accompanying consolidated financial statements include the accounts of Douglas Dynamics, Inc. and its direct wholly-owned subsidiary, Douglas Dynamics, L.L.C., and its indirect wholly-owned subsidiaries, Douglas Dynamics Finance Company (an inactive subsidiary) and Fisher, LLC (hereinafter collectively referred to as the "Company"). All intercompany balances and transactions have been eliminated in consolidation. | |||||||||||
Use of estimates | ' | ||||||||||
Use of estimates | |||||||||||
        The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Accordingly, actual results could differ from those estimates. | |||||||||||
Cash and Cash Equivalents | ' | ||||||||||
Cash and Cash Equivalents | |||||||||||
        The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value. | |||||||||||
Accounts receivable and allowance for doubtful accounts | ' | ||||||||||
Accounts receivable and allowance for doubtful accounts | |||||||||||
        The Company carries its accounts receivable at their face amount less an allowance for doubtful accounts. The majority of the Company's accounts receivable are due from distributors of truck equipment. Credit is extended based on an evaluation of a customer's financial condition. On a periodic basis, the Company evaluates its accounts receivable and establishes the allowance for doubtful accounts based on a combination of specific customer circumstances and credit conditions based on a history of write-offs and collections. A receivable is considered past due if payments have not been received within agreed upon invoice terms. Accounts receivable are written off after all collection efforts have been exhausted. The Company takes a security interest in the inventory as collateral for the receivable but often does not have a priority security interest. | |||||||||||
Financing program | ' | ||||||||||
Financing program | |||||||||||
        The Company is party to a financing program in which certain distributors may elect to finance their purchases from the Company through a third party financing company. The Company provides the third party financing company recourse against the Company regarding the collectability of the receivable under the program due to the fact that if the third party financing company is unable to collect from the distributor the amounts due in respect of the product financed, the Company would be obligated to repurchase any remaining inventory related to the product financed and reimburse any legal fees incurred by the financing company. During the years ended December 31, 2013, 2012 and 2011, distributors financed purchases of $2,926, $1,579 and $2,752 through this financing program, respectively. At both December 31, 2013 and December 31, 2012, there were $0 of uncollectible outstanding receivables related to sales financed under the financing program. The amount owed by our distributors to the third party financing company under this program at December 31, 2013 and 2012 was $1,300 and $943, respectively. The Company was required to repurchase repossessed inventory of $0, $233, and $41 for the years ended December 31, 2013, December 31, 2012 and December 31, 2011, respectively. | |||||||||||
        In the past, minimal losses have been incurred under this agreement. However, an adverse change in distributor retail sales could cause this situation to change and thereby require the Company to repurchase repossessed units. Any repossessed units are inspected to ensure they are current, unused product and are restocked and resold. | |||||||||||
Interest Rate Swap | ' | ||||||||||
Interest Rate Swap | |||||||||||
        As required by the debt agreement the Company entered into in the second quarter of 2011, the Company entered into an interest-rate swap agreement to hedge against the potential impact on earnings from increases in market interest rates. Under the interest rate swap agreement, effective as of July 18, 2011 the Company either receives or makes payments on a monthly basis based on the differential between 6.335% and LIBOR plus 4.25% (with a LIBOR floor of 1.5%). See Consolidated Statement of Comprehensive income (loss) for treatment of gains and losses on the interest rate swap agreement. | |||||||||||
Inventories | ' | ||||||||||
Inventories | |||||||||||
        Inventories are stated at the lower of cost or market. Market is determined based on estimated realizable values. Inventory costs are primarily determined by the first-in, first-out (FIFO) method. The Company periodically reviews its inventory for slow moving, damaged and discontinued items and provides reserves to reduce such items identified to their recoverable amounts. | |||||||||||
Property, plant and equipment | ' | ||||||||||
Property, plant and equipment | |||||||||||
        Property, plant and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed using straight-line methods over the estimated useful lives for financial statement purposes and an accelerated method for income tax reporting purposes. The estimated useful lives of the assets are as follows: | |||||||||||
Years | |||||||||||
Land improvements and buildings | 15Â - 40 | ||||||||||
Machinery and equipment | 3Â - 20 | ||||||||||
Furniture and fixtures | 3Â - 12 | ||||||||||
Mobile equipment and other | 3Â - 10 | ||||||||||
        Depreciation expense was $3,068, $2,819, and $2,975 for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||
        Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to operations when incurred. Repairs and maintenance expenses amounted to $3,509, $2,855 and $4,025 for the years ended December 31, 2013, 2012 and 2011, respectively. When assets are sold or retired, the cost of the asset and the related accumulated depreciation are eliminated from the accounts and any gain or loss is recognized in the results of operations. | |||||||||||
Impairment of long-lived assets | ' | ||||||||||
Impairment of long-lived assets | |||||||||||
        Long-lived assets are reviewed for potential impairment when events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying value of such assets to the undiscounted future cash flows expected to be generated by the assets. If the carrying value of an asset exceeds its estimated undiscounted future cash flows, an impairment provision is recognized to the extent that the carrying amount of the asset exceeds its fair value. Assets to be disposed of are reported at the lower of the carrying amount or the fair value of the asset, less costs of disposition. Management of the Company considers such factors as current results, trends and future prospects, current market value, and other economic and regulatory factors in performing these analyses. The Company determined that no long-lived assets were impaired as of December 31, 2013 and 2012. | |||||||||||
Goodwill and other intangible assets | ' | ||||||||||
Goodwill and other intangible assets | |||||||||||
        Goodwill and indefinite-lived intangible assets are tested for impairment annually as of December 31, or sooner if impairment indicators arise. The fair value of indefinite-lived intangible assets is estimated based upon a market approach. In reviewing goodwill for impairment, potential impairment is identified by comparing the estimated fair value of the reporting unit to its carrying value. The Company has determined it has one reporting unit. When the fair value is less than the carrying value of the net assets of the reporting unit, including goodwill, an impairment loss may be recognized. The Company has determined that goodwill and indefinite lived assets were not impaired as of December 31, 2013 and 2012. | |||||||||||
        Intangible assets with estimable useful lives are amortized over their respective estimated useful lives and are reviewed for potential impairment when events or circumstances indicate that the carrying amount of the asset may not be recoverable. The Company amortizes its distribution network intangible over periods ranging from 15 to 20 years, trademarks over 7 to 25 years, patents over 7 to 20 years, customer relationships over 19.5 years and noncompete agreements over 5 years. The Company has determined that finite lived intangible assets were not impaired as of December 31, 2013 and 2012. | |||||||||||
Income taxes | ' | ||||||||||
Income taxes | |||||||||||
        Deferred income taxes are accounted for under the asset and liability method whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates. Deferred income tax provisions or benefits are based on the change in the deferred tax assets and liabilities from period to period. Deferred income tax assets are reduced by a valuation allowance if it is more likely than not that some portion of the deferred income tax asset will not be realized. Additionally, when applicable, the Company would classify interest and penalties related to uncertain tax positions in income tax expense. | |||||||||||
Deferred financing costs | ' | ||||||||||
Deferred financing costs | |||||||||||
        The costs of obtaining financing are capitalized and amortized over the term of the related financing on a basis that approximates the effective interest method. The changes in deferred financing costs are as follows: | |||||||||||
Balance at January 1, 2011 | $ | 953 | |||||||||
Write-off of unamortized deferred financing costs | (335 | ) | |||||||||
Deferred financing costs capitalized on new debt | 3,471 | ||||||||||
Amortization of deferred financing costs | (687 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2011 | 3,402 | ||||||||||
Deferred financing costs capitalized on new debt | 168 | ||||||||||
Amortization of deferred financing costs | (776 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2012 | 2,794 | ||||||||||
Amortization of deferred financing costs | (578 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2013 | $ | 2,216 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
        For the year ended December 31, 2012, the Company extended the term on its revolving line of credit and capitalized $168 of deferred financing costs associated with the refinancing. For the year ended December 31, 2011, the Company recorded the write-off of deferred financing costs as a loss on extinguishment of debt, in the consolidated statements of income as a result of an amendment to the Company's term loan facility. The amendment of the term loan facility resulted in a significant modification of the debt which resulted in the write off of unamortized capitalized deferred financing costs of $335. | |||||||||||
Fair Value | ' | ||||||||||
Fair Value | |||||||||||
        Fair value is the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Fair value measurements are categorized into one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs available at the measurement date, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data). | |||||||||||
        The following table presents financial assets and liabilities measured at fair value on a recurring basis and discloses the fair value of long-term debt: | |||||||||||
Fair Value at | Fair Value at | ||||||||||
12/31/13 | 12/31/12 | ||||||||||
Assets: | |||||||||||
Other assets(a) | $ | 1,127 | $ | 491 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Assets | $ | 1,127 | $ | 491 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Liabilities: | |||||||||||
Long term debt(b) | 110,439 | 110,566 | |||||||||
Other long-term liabilities— | |||||||||||
Earnout—Trynex(c) | 3,587 | — | |||||||||
Interest rate swap(d) | 282 | 544 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Liabilities | $ | 114,308 | $ | 111,110 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
(a) | |||||||||||
Included in other assets is the cash surrender value of insurance policies on various individuals that are associated with the Company. The carrying amounts of these insurance policies approximates their fair value. | |||||||||||
(b) | |||||||||||
The fair value of the Company's long-term debt, including current maturities, is estimated using discounted cash flows based on the Company's current incremental borrowing rates for similar types of borrowing arrangements, which is a Level 2 input for all periods presented. Meanwhile, long-term debt is recorded at carrying amount, net of discount, as disclosed on the face of the balance sheet. | |||||||||||
(c) | |||||||||||
Included in other long term liabilities is an obligation for a portion of the potential earn out incurred in conjunction with the acquisition of substantially all of TrynEx's assets. The carrying amount of the earn out approximates its fair value. Fair value is based upon Level 3 inputs of a monte carlo simulation analysis using key inputs of forecasted future sales and financial performance as well as a growth rate reduced by the market required rate of return. See reconciliation of liability included below: | |||||||||||
2013 | |||||||||||
Balance at January 1 | $ | — | |||||||||
Additions | 3,587 | ||||||||||
Adjustments to fair value | — | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31 | $ | 3,587 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
(d) | |||||||||||
Valuation models are calibrated to initial trade price. Subsequent valuations are based on observable inputs to the valuation model (e.g. interest rates and credit spreads). Model inputs are changed only when corroborated by market data. A credit risk adjustment is made using observable market credit spreads. Thus, inputs used to determine fair value of the interest rate swap are Level 2 inputs. | |||||||||||
Concentration of credit risk | ' | ||||||||||
Concentration of credit risk | |||||||||||
        The Company's cash is deposited with multiple financial institutions. At times, deposits in these institutions exceed the amount of insurance provided on such deposits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant risk on these balances. | |||||||||||
        No distributor represented more than 10% of the Company's net sales or accounts receivable during the years ended December 31, 2013, 2012 and 2011. | |||||||||||
Revenue recognition | ' | ||||||||||
Revenue recognition | |||||||||||
        The Company recognizes revenues upon shipment to the customer, which is when risk of loss passes and all of the following conditions are satisfied: (i) persuasive evidence of an arrangement exists; (ii) the price is fixed or determinable; (iii) collectability is reasonably assured; and (iv) the product has been shipped and the Company has no further obligations. Customers have no right of return privileges. Historically, product returns have not been material and are permitted on an exception basis only. | |||||||||||
        The Company offers a variety of discounts and sales incentives to its distributors. The estimated liability for sales discounts and allowances is recorded at the time of sale as a reduction of net sales. The liability is estimated based on the costs of the program, the planned duration of the program and historical experience. | |||||||||||
Cost of sales | ' | ||||||||||
Cost of sales | |||||||||||
        Cost of sales includes all costs associated with the manufacture of the Company's products, including raw materials, purchased parts, freight, plant operating expenses, property insurance and taxes, and plant depreciation. All payroll costs and employee benefits for the hourly workforce, manufacturing management, and engineering costs are included in cost of sales. | |||||||||||
Warranty cost recognition | ' | ||||||||||
Warranty cost recognition | |||||||||||
        The Company accrues for estimated warranty costs as revenue is recognized. See note 9 for further details. | |||||||||||
Advertising expenses | ' | ||||||||||
Advertising expenses | |||||||||||
        Advertising expenses include costs for the production of marketing media, literature, CD-ROM, and displays. The Company participates in trade shows and advertises in the yellow pages and billboards. Advertising expenses amounted to $3,037, $1,815 and $2,718 for the years ended December 31, 2013, 2012 and 2011, respectively. The Company also provides its distributors with pre-approved, cooperative advertising programs, which are recorded as advertising expense in selling, general and administrative expense. All costs associated with the Company's advertising programs are expensed as incurred. | |||||||||||
Shipping and handling costs | ' | ||||||||||
Shipping and handling costs | |||||||||||
        Generally, shipping and handling costs are paid directly by the customer to the shipping agent. Those shipping and handling costs billed by the Company are recorded as a component of sales with the corresponding costs included in cost of sales. | |||||||||||
Share-based payments | ' | ||||||||||
Share-based payments | |||||||||||
        The Company applies the guidance codified in ASC 718—Compensation—Stock Compensation. This standard requires the measurement of the cost of employee services received in exchange for an award of equity instruments based on the fair value of the award at the grant date and recognition of the compensation expense over the period during which an employee is required to provide service in exchange for the award (generally the vesting period). Because the Company used the minimum-value method to measure compensation cost for employee stock options prior to January 1, 2006, the date on which ASC 718 was adopted, under this previous guidance, it was required to use the prospective method of adoption for this standard. Under the prospective method, the Company continues to account for non-vested awards outstanding at the date of adoption using the same method as prior to adoption for financial statement recognition purposes. All awards granted, modified, or settled after the date of adoption are accounted for using the measurement, recognition, and attribution provisions of ASC 718. | |||||||||||
Comprehensive income (loss) | ' | ||||||||||
Comprehensive income (loss) | |||||||||||
        Comprehensive income (loss) is defined as the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner resources and is comprised of net income or loss and "other comprehensive income (loss)". The Company's other comprehensive income (loss) is comprised of the adjustments for pension and postretirement benefit liabilities as well as the impact of its interest rate swap. The interest rate swap contract on $50,000 notional amount of the term loan expires in December 2014. The Company does not expect to record any unrecognized loss into earnings in the next twelve months. Additionally, other comprehensive income (loss) includes the net income (loss) of the Company plus/minus the Company's adjustments for its defined benefit retirement plans based on the measurement date as of the Company's year-end. See Note 19 for the components of accumulated other comprehensive loss. | |||||||||||
Segment Reporting | ' | ||||||||||
Segment Reporting | |||||||||||
        The Company operates in and reports as a single operating segment, which is the manufacture and sale of snow and ice control products. Net sales are generated through the sale of snow and ice control products and accessories to distributors. The chief operating decision maker (the Company's Chief Executive Officer) manages and evaluates its operations as one segment primarily due to similarities in the nature of the products, production processes and methods of distribution. All of the Company's identifiable assets are located in the United States. The Company's sales outside North America are not material, representing less than 3% of net sales. | |||||||||||
        The Company's product offerings primarily consist of snow and ice control products and accessories. Equipment and parts and accessories are each a similar class of products based on similar customer usage. | |||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Equipment | $ | 164,460 | $ | 123,308 | $ | 177,806 | |||||
Parts and accessories | 29,860 | 16,725 | 30,992 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net Sales | $ | 194,320 | $ | 140,033 | $ | 208,798 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
Schedule of estimated useful lives of the assets | ' | ||||||||||
Years | |||||||||||
Land improvements and buildings | 15Â - 40 | ||||||||||
Machinery and equipment | 3Â - 20 | ||||||||||
Furniture and fixtures | 3Â - 12 | ||||||||||
Mobile equipment and other | 3Â - 10 | ||||||||||
Schedule of changes in deferred financing costs | ' | ||||||||||
Balance at January 1, 2011 | $ | 953 | |||||||||
Write-off of unamortized deferred financing costs | (335 | ) | |||||||||
Deferred financing costs capitalized on new debt | 3,471 | ||||||||||
Amortization of deferred financing costs | (687 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2011 | 3,402 | ||||||||||
Deferred financing costs capitalized on new debt | 168 | ||||||||||
Amortization of deferred financing costs | (776 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2012 | 2,794 | ||||||||||
Amortization of deferred financing costs | (578 | ) | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31, 2013 | $ | 2,216 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
Schedule of financial assets and liabilities measured at fair value on a recurring basis and disclosure of the fair value of long-term debt | ' | ||||||||||
Fair Value at | Fair Value at | ||||||||||
12/31/13 | 12/31/12 | ||||||||||
Assets: | |||||||||||
Other assets(a) | $ | 1,127 | $ | 491 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Assets | $ | 1,127 | $ | 491 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Liabilities: | |||||||||||
Long term debt(b) | 110,439 | 110,566 | |||||||||
Other long-term liabilities— | |||||||||||
Earnout—Trynex(c) | 3,587 | — | |||||||||
Interest rate swap(d) | 282 | 544 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Liabilities | $ | 114,308 | $ | 111,110 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
(a) | |||||||||||
Included in other assets is the cash surrender value of insurance policies on various individuals that are associated with the Company. The carrying amounts of these insurance policies approximates their fair value. | |||||||||||
(b) | |||||||||||
The fair value of the Company's long-term debt, including current maturities, is estimated using discounted cash flows based on the Company's current incremental borrowing rates for similar types of borrowing arrangements, which is a Level 2 input for all periods presented. Meanwhile, long-term debt is recorded at carrying amount, net of discount, as disclosed on the face of the balance sheet. | |||||||||||
(c) | |||||||||||
Included in other long term liabilities is an obligation for a portion of the potential earn out incurred in conjunction with the acquisition of substantially all of TrynEx's assets. The carrying amount of the earn out approximates its fair value. Fair value is based upon Level 3 inputs of a monte carlo simulation analysis using key inputs of forecasted future sales and financial performance as well as a growth rate reduced by the market required rate of return. See reconciliation of liability included below: | |||||||||||
2013 | |||||||||||
Balance at January 1 | $ | — | |||||||||
Additions | 3,587 | ||||||||||
Adjustments to fair value | — | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31 | $ | 3,587 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
(d) | |||||||||||
Valuation models are calibrated to initial trade price. Subsequent valuations are based on observable inputs to the valuation model (e.g. interest rates and credit spreads). Model inputs are changed only when corroborated by market data. A credit risk adjustment is made using observable market credit spreads. Thus, inputs used to determine fair value of the interest rate swap are Level 2 inputs. | |||||||||||
Schedule of reconciliation of liability | ' | ||||||||||
2013 | |||||||||||
Balance at January 1 | $ | — | |||||||||
Additions | 3,587 | ||||||||||
Adjustments to fair value | — | ||||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Balance at December 31 | $ | 3,587 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
Schedule of the Company's product offerings | ' | ||||||||||
Year ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Equipment | $ | 164,460 | $ | 123,308 | $ | 177,806 | |||||
Parts and accessories | 29,860 | 16,725 | 30,992 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net Sales | $ | 194,320 | $ | 140,033 | $ | 208,798 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Acquisition_Tables
Acquisition (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Acquisition | ' | ||||
Summary of the allocation of the purchase price paid and the subsequent working capital adjustment to the fair value of the net assets acquired as of the acquisition date | ' | ||||
Accounts receivable | 604 | ||||
Inventories | 4,130 | ||||
Other current assets | 29 | ||||
Property and equipment | 5,272 | ||||
Goodwill | 5,910 | ||||
Intangible assets | 12,499 | ||||
Accounts payable and other liabilities | (1,972 | ) | |||
​ | ​ | ​ | ​ | ​ | |
Total | $ | 26,472 | |||
​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | |
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventories | ' | |||||||
Schedule of inventories | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Finished goods and work-in-process | $ | 26,175 | $ | 29,119 | ||||
Raw material and supplies | 1,802 | 1,173 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 27,977 | $ | 30,292 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Property_plant_and_equipment_T
Property, plant and equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, plant and equipment | ' | |||||||
Summary of property, plant and equipment | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Land | $ | 1,160 | $ | 960 | ||||
Land improvements | 1,849 | 1,768 | ||||||
Buildings | 16,743 | 12,852 | ||||||
Machinery and equipment | 25,756 | 24,286 | ||||||
Furniture and fixtures | 8,772 | 7,465 | ||||||
Mobile equipment and other | 1,267 | 1,138 | ||||||
Construction-in-process | 1,113 | 351 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total property, plant and equipment | 56,660 | 48,820 | ||||||
Less accumulated depreciation | (31,794 | ) | (28,933 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net property, plant and equipment | $ | 24,866 | $ | 19,887 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Other_Intangible_Assets_Tables
Other Intangible Assets (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Intangible Assets | ' | ||||||||||
Summary of other intangible assets | ' | ||||||||||
Gross | Less | Net | |||||||||
Carrying | Accumulated | Carrying | |||||||||
Amount | Amortization | Amount | |||||||||
December 31, 2013: | |||||||||||
Indefinite-lived intangibles: | |||||||||||
Trademark and tradenames | $ | 60,000 | $ | — | $ | 60,000 | |||||
Amortizable intangibles: | |||||||||||
Dealer network | 80,000 | 39,000 | 41,000 | ||||||||
Customer relationships | 10,820 | 1,404 | 9,416 | ||||||||
Patents | 16,436 | 6,293 | 10,143 | ||||||||
Noncompete agreements | 5,050 | 5,050 | — | ||||||||
Trademarks | 5,459 | 2,596 | 2,863 | ||||||||
License | 20 | 20 | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Amortizable intangibles, net | 117,785 | 54,363 | 63,422 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 177,785 | $ | 54,363 | $ | 123,422 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Gross | Less | Net | |||||||||
Carrying | Accumulated | Carrying | |||||||||
Amount | Amortization | Amount | |||||||||
December 31, 2012: | |||||||||||
Indefinite-lived intangibles: | |||||||||||
Trademark and tradenames | $ | 60,000 | $ | — | $ | 60,000 | |||||
Amortizable intangibles: | |||||||||||
Dealer network | 80,000 | 35,000 | 45,000 | ||||||||
Customer relationships | 2,000 | 956 | 1,044 | ||||||||
Patents | 15,116 | 5,491 | 9,625 | ||||||||
Noncompete agreements | 5,050 | 5,050 | — | ||||||||
Trademark—Blizzard | 3,100 | 2,221 | 879 | ||||||||
License | 20 | 20 | — | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Amortizable intangibles, net | 105,286 | 48,738 | 56,548 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 165,286 | $ | 48,738 | $ | 116,548 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of estimated amortization expense | ' | ||||||||||
2014 | $ | 5,818 | |||||||||
2015 | 5,767 | ||||||||||
2016 | 5,508 | ||||||||||
2017 | 5,508 | ||||||||||
2018 | 5,508 |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Long-Term Debt | ' | |||||||
Summary of long-term debt | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Term Loan, net of debt discount of $766 and $946 at December 31, 2013 and December 31, 2012, respectively | $ | 110,994 | $ | 111,966 | ||||
Less current maturities | 971 | 971 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 110,023 | $ | 110,995 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of maturities on long-term debt | ' | |||||||
The scheduled maturities on long-term debt at December 31, 2013, are as follows: | ||||||||
2014 | 971 | |||||||
2015 | 971 | |||||||
2016 | 971 | |||||||
2017 | 971 | |||||||
2018 | 107,110 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 110,994 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
Accrued_Expenses_and_Other_Cur1
Accrued Expenses and Other Current Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Accrued Expenses and Other Current Liabilities | ' | |||||||
Summary of accrued expenses and other current liabilities | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Payroll and related costs | $ | 2,857 | $ | 1,429 | ||||
Employee benefits | 4,522 | 2,731 | ||||||
Accrued warranty | 3,808 | 3,628 | ||||||
Other | 3,231 | 2,541 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 14,418 | $ | 10,329 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Warranty_Liability_Tables
Warranty Liability (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Warranty Liability | ' | ||||||||||
Schedule of rollforward of Company's warranty liability | ' | ||||||||||
December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Balance at the beginning of the period | $ | 3,628 | $ | 4,188 | $ | 3,399 | |||||
Establish warranty liability for Trynex | 600 | — | — | ||||||||
Warranty provision | 1,452 | 846 | 3,386 | ||||||||
Claims paid/settlements | (1,872 | ) | (1,406 | ) | (2,597 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at the end of the period | $ | 3,808 | $ | 3,628 | $ | 4,188 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Income Taxes | ' | ||||||||||
Schedule of components of provision for income tax expense (benefit) | ' | ||||||||||
Year ended December 31 | |||||||||||
2013 | 2012 | 2011 | |||||||||
Current: | |||||||||||
Federal | $ | 712 | $ | (3,994 | ) | $ | 2,697 | ||||
State | (190 | ) | 289 | 326 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
522 | (3,705 | ) | 3,023 | ||||||||
Deferred: | |||||||||||
Federal | 5,582 | 7,375 | 7,855 | ||||||||
State | 1,274 | 474 | 454 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
6,856 | 7,849 | 8,309 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 7,378 | $ | 4,144 | $ | 11,332 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of reconciliation of income tax expense computed at the federal statutory rate to the provision for income taxes | ' | ||||||||||
2013 | 2012 | 2011 | |||||||||
Federal income tax expense at statutory rate | $ | 6,656 | $ | 3,555 | $ | 10,630 | |||||
State taxes, net of federal benefit | 236 | 218 | 1,522 | ||||||||
Valuation allowance changes | — | 451 | (47 | ) | |||||||
Change in uncertain tax positions, net | 8 | 8 | (150 | ) | |||||||
Research and development credit | (305 | ) | (26 | ) | (111 | ) | |||||
Rate change | 758 | 67 | (162 | ) | |||||||
Manufacturing tax benefits | (44 | ) | — | (552 | ) | ||||||
Other | 69 | (129 | ) | 202 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 7,378 | $ | 4,144 | $ | 11,332 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of significant components of deferred tax liabilities and assets | ' | ||||||||||
December 31, | |||||||||||
2013 | 2012 | ||||||||||
Deferred tax assets: | |||||||||||
Allowance for doubtful accounts | $ | 401 | $ | 223 | |||||||
Inventory reserves | 638 | 445 | |||||||||
Warranty liability | 1,455 | 1,346 | |||||||||
Deferred compensation | 570 | 383 | |||||||||
Earnout liability | 1,531 | — | |||||||||
Pension and retiree health benefit obligations | (869 | ) | 7,072 | ||||||||
Accrued vacation | 587 | 631 | |||||||||
Medical claims reserve | 263 | 261 | |||||||||
State net operating losses | 3,294 | 2,633 | |||||||||
Other accrued liabilities | 865 | 746 | |||||||||
Valuation allowance for state net operating losses | (1,395 | ) | (1,374 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total deferred tax assets | 7,340 | 12,366 | |||||||||
Deferred tax liabilities: | |||||||||||
Tax deductible goodwill and other intangibles | (45,872 | ) | (39,664 | ) | |||||||
Accelerated depreciation | (2,040 | ) | (2,205 | ) | |||||||
Other | (251 | ) | (592 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total deferred tax liabilities | (48,163 | ) | (42,461 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax liabilities | $ | (40,823 | ) | $ | (30,095 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of reconciliation of the beginning and ending liability for uncertain tax positions | ' | ||||||||||
2013 | 2012 | ||||||||||
Balance at beginning of year | $ | 328 | $ | 320 | |||||||
Increases for tax position taken in prior years | 8 | 8 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Balance at the end of year | $ | 336 | $ | 328 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Deferred_Compensation_Tables
Deferred Compensation (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Deferred Compensation | ' | |||||||
Schedule of payment method of vested account balances upon separation | ' | |||||||
Payment Method | ||||||||
Balance of less than $75,000 | Lump sum | |||||||
Balance greater than $75,000 | 5 equal annual installments | |||||||
Schedule of activity for the plan | ' | |||||||
December 31 | ||||||||
2013 | 2012 | |||||||
Balance at beginning of year | $ | 911 | $ | 1,067 | ||||
Payments to current and former participants | (155 | ) | (156 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at end of year | 756 | 911 | ||||||
Less current portion | (98 | ) | (155 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Long term balance at end of year | $ | 658 | $ | 756 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Employee_Retirement_Plans_Tabl
Employee Retirement Plans (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Pension benefits | ' | ||||||||||||||||
Employee retirement plans | ' | ||||||||||||||||
Schedule of reconciliation of the beginning and ending balances of the projected benefit obligation, fair value of plan assets, funded status of plans, and amounts recognized in the consolidated balance sheets | ' | ||||||||||||||||
December 31 | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Change in projected benefit obligation: | |||||||||||||||||
Benefit obligation at beginning of year | $ | 36,209 | $ | 32,800 | |||||||||||||
Service cost | 246 | 268 | |||||||||||||||
Interest cost | 1,449 | 1,482 | |||||||||||||||
Actuarial (gain) loss | (5,031 | ) | 2,944 | ||||||||||||||
Benefits paid | (1,158 | ) | (1,285 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Benefit obligation at end of year | 31,715 | 36,209 | |||||||||||||||
Change in plan assets: | |||||||||||||||||
Fair value of plan assets at beginning of year | 21,808 | 18,637 | |||||||||||||||
Actual return on plan assets | 3,160 | 2,442 | |||||||||||||||
Employer contributions through December 31 | 828 | 2,014 | |||||||||||||||
Benefits paid | (1,158 | ) | (1,285 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Fair value of plan assets at end of year | 24,638 | 21,808 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Funded Status: accrued pension liability | $ | (7,077 | ) | $ | (14,401 | ) | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Schedule of components of net periodic cost | ' | ||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Component of net periodic pension cost: | |||||||||||||||||
Service cost | $ | 246 | $ | 268 | $ | 961 | |||||||||||
Interest cost | 1,449 | 1,482 | 1,539 | ||||||||||||||
Expected return on plan assets | (1,409 | ) | (1,274 | ) | (1,357 | ) | |||||||||||
Amortization of net loss | 1,205 | 770 | 454 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Net periodic pension cost | $ | 1,491 | 1,246 | $ | 1,597 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Schedule of assumptions used in determining net periodic costs and summary of healthcare cost trend rates | ' | ||||||||||||||||
Year ended December 31 | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Discount rates | 4.1 | % | 4.6 | % | 5.5 | % | |||||||||||
Rates of increase in compensation levels: | |||||||||||||||||
Salaried | 3.5 | 3.5 | 3.5 | ||||||||||||||
Hourly | N/A | N/A | N/A | ||||||||||||||
Expected long-term rate of return on assets | 7.25 | 7.25 | 8 | ||||||||||||||
Schedule of expected benefit payments | ' | ||||||||||||||||
2014 | $ | 1,330 | |||||||||||||||
2015 | 1,340 | ||||||||||||||||
2016 | 1,360 | ||||||||||||||||
2017 | 1,400 | ||||||||||||||||
2018 | 1,440 | ||||||||||||||||
2019 - 2023 | 8,250 | ||||||||||||||||
Schedule of weighted-average asset allocation and actual allocation for the qualified pension plans by asset category | ' | ||||||||||||||||
Target | 2013 | 2012 | |||||||||||||||
Large Cap Equity | 37 | % | $ | 7,373 | 30 | % | $ | 6,766 | 31 | % | |||||||
Mid Cap Equity | 4 | % | 938 | 4 | % | 859 | 4 | % | |||||||||
Small Cap Equity | 3 | % | 935 | 4 | % | 876 | 4 | % | |||||||||
International Equity | 12 | % | 2,485 | 10 | % | 2,448 | 11 | % | |||||||||
Emerging markets Equity | 2 | % | 617 | 2 | % | 598 | 3 | % | |||||||||
Fixed Income and Cash Equivalents | 34 | % | 9,830 | 40 | % | 8,019 | 37 | % | |||||||||
Real Estate | 8 | % | 2,460 | 10 | % | 2,242 | 10 | % | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | 100 | % | $ | 24,638 | 100 | % | $ | 21,808 | 100 | % | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of fair values of the Company's pension plan assets | ' | ||||||||||||||||
The fair values of the Company's pension plan assets as of December 31, 2013 are as follows: | |||||||||||||||||
Balance as of | Quoted Prices in | Significant Other | Significant | ||||||||||||||
December 31, 2013 | Active Markets for | Observable | Unobservable | ||||||||||||||
Identical Assets | Inputs | Inputs (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
Assets: | |||||||||||||||||
Equity holdings | $ | 13,582 | $ | — | $ | 13,582 | $ | — | |||||||||
Fixed-income holdings | 9,830 | — | 9,830 | — | |||||||||||||
Alternative investments | 1,226 | — | — | 1,226 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total pension plan assets | $ | 24,638 | $ | — | $ | 23,412 | $ | 1,226 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        The fair values of the Company's pension plan assets as of December 31, 2012 are as follows: | |||||||||||||||||
Balance as of | Quoted Prices in | Significant Other | Significant | ||||||||||||||
December 31, | Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
2012 | Identical Assets | (Level 2) | Inputs (Level 3) | ||||||||||||||
(Level 1) | |||||||||||||||||
Assets: | |||||||||||||||||
Equity holdings | $ | 12,672 | $ | — | $ | 12,672 | $ | — | |||||||||
Fixed-income holdings | 8,019 | — | 8,019 | — | |||||||||||||
Alternative investments | 1,117 | — | — | 1,117 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total pension plan assets | $ | 21,808 | $ | — | $ | 20,691 | $ | 1,117 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of reconciliation of the fair value measurements using significant unobservable inputs (Level 3) | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Balance, beginning of year | $ | 1,117 | $ | 1,096 | |||||||||||||
Deposits | 41 | 187 | |||||||||||||||
Actual return on plan assets held at reporting date | 149 | 125 | |||||||||||||||
Withdrawals | (81 | ) | (291 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Balance, end of year | $ | 1,226 | $ | 1,117 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Postretirement benefits | ' | ||||||||||||||||
Employee retirement plans | ' | ||||||||||||||||
Schedule of reconciliation of the beginning and ending balances of the projected benefit obligation, fair value of plan assets, funded status of plans, and amounts recognized in the consolidated balance sheets | ' | ||||||||||||||||
December 31 | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Change in projected benefit obligation: | |||||||||||||||||
Benefit obligation at beginning of year | $ | 6,812 | $ | 8,402 | |||||||||||||
Service cost | 250 | 281 | |||||||||||||||
Interest cost | 245 | 360 | |||||||||||||||
Participant contributions | 100 | 103 | |||||||||||||||
Changes in actuarial assumptions | (2,085 | ) | (1,590 | ) | |||||||||||||
Benefits paid | (448 | ) | (744 | ) | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Projected benefit obligation at end of year | $ | 4,874 | $ | 6,812 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Amounts recognized in the consolidated balance sheets consisted of: | |||||||||||||||||
Accrued expenses and other current liabilities | $ | 220 | $ | 271 | |||||||||||||
Retiree health benefit obligation | 4,654 | 6,541 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 4,874 | $ | 6,812 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Schedule of components of net periodic cost | ' | ||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Component of net postretirement health benefit cost: | |||||||||||||||||
Service cost | $ | 250 | $ | 281 | $ | 263 | |||||||||||
Interest cost | 245 | 360 | 407 | ||||||||||||||
Amortization of net gain | (172 | ) | (17 | ) | (61 | ) | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Net postretirement healthcare benefit cost | $ | 323 | $ | 624 | $ | 609 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Schedule of assumptions used in determining net periodic costs and summary of healthcare cost trend rates | ' | ||||||||||||||||
Year Ended | |||||||||||||||||
December 31 | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Discount rate | 3.7 | % | 4.4 | % | 5.5 | % | |||||||||||
Immediate healthcare cost trend rate | 7 | 8 | 9 | ||||||||||||||
Ultimate healthcare cost trend rate | 4.5 | 4.5 | 5 | ||||||||||||||
Assumed annual reduction in trend rate | * | ** | *** | ||||||||||||||
Participation | 80 | 80 | 80 | ||||||||||||||
* | |||||||||||||||||
Health Care Cost Trend rate is assumed to be 7.0% beginning in 2013 gradually reducing to an ultimate rate of 4.5% in 2020. | |||||||||||||||||
** | |||||||||||||||||
Health Care Cost Trend rate is assumed to be 8.0% beginning in 2012 gradually reducing to an ultimate rate of 4.5% in 2019. | |||||||||||||||||
*** | |||||||||||||||||
Health Care Cost Trend rate is assumed to be 9.0% beginning in 2011 gradually reducing to an ultimate rate of 5.0% in 2017. | |||||||||||||||||
Schedule of effect of one percentage point change in the healthcare cost trend rate | ' | ||||||||||||||||
1% | 1% | ||||||||||||||||
Increase | Decrease | ||||||||||||||||
Effect on total service and interest cost | $ | 51 | $ | (44 | ) | ||||||||||||
Effect on postretirement benefit obligation | 555 | (482 | ) |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Stock-Based Compensation | ' | |||||||||||||||||||
Summary of stock option activity under the A&R 2004 Plan | ' | |||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||
Options | Weighted | Options | Weighted | Options | Weighted | |||||||||||||||
average | average | average | ||||||||||||||||||
exercise | exercise | exercise | ||||||||||||||||||
price | price | price | ||||||||||||||||||
Outstanding—beginning of year | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | 356,623 | $ | 4.21 | |||||||||||
Granted | — | — | — | — | — | — | ||||||||||||||
Canceled | — | — | — | — | — | — | ||||||||||||||
Exercised | — | — | — | — | (319,383 | ) | 4.21 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding—end of year | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Exercisable—end of year | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | 37,240 | $ | 4.21 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Summary of restricted stock activity | ' | |||||||||||||||||||
Shares | Weighted | Weighted | ||||||||||||||||||
Average | Average | |||||||||||||||||||
Grant Date | Remaining | |||||||||||||||||||
Fair value | Contractual Term | |||||||||||||||||||
Unvested at December 31, 2010 | 242,088 | $ | 11.68 | 4.01 years | ||||||||||||||||
Granted | 43,690 | 14.99 | 2.00Â years | |||||||||||||||||
Vested | (50,111 | ) | 11.77 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Unvested at December 31, 2011 | 235,667 | 12.27 | 2.83 years | |||||||||||||||||
Granted | 42,077 | 14.57 | 2.00Â years | |||||||||||||||||
Vested | (68,921 | ) | 12.61 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Unvested at December 31, 2012 | 208,823 | 12.63 | 1.94 years | |||||||||||||||||
Granted | 44,022 | 14.78 | 2.00Â years | |||||||||||||||||
Vested | (82,942 | ) | 12.97 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Unvested at December 31, 2013 | 169,903 | $ | 13.03 | 1.34 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Expected to vest in the future at December 31, 2013 | 163,786 | $ | 13.03 | 1.34 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||||
Summary of RSU activity | ' | |||||||||||||||||||
Shares | Weighted | Weighted | ||||||||||||||||||
Average | Average | |||||||||||||||||||
Grant Date | Remaining | |||||||||||||||||||
Fair value | Contractual | |||||||||||||||||||
Term | ||||||||||||||||||||
Unvested at December 31, 2010 | — | — | — | |||||||||||||||||
Granted | 20,612 | $ | 15.21 | — | ||||||||||||||||
Vested | (1,719 | ) | 15.25 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Unvested at December 31, 2011 | 18,893 | 15.2 | 2.00 years | |||||||||||||||||
Granted | 14,367 | 14.35 | 1.02Â years | |||||||||||||||||
Vested | (7,214 | ) | 15.21 | — | ||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Unvested at December 31, 2012 | 26,046 | 14.73 | 0.72 years | |||||||||||||||||
Granted | 70,324 | 14.52 | 0.82Â years | |||||||||||||||||
Vested | (53,022 | ) | 14.68 | |||||||||||||||||
Cancelled and forfeited | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Unvested at December 31, 2013 | 43,348 | $ | 14.46 | 1.55 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Expected to vest in the future at December 31, 2013 | 41,787 | $ | 14.46 | 1.55 years | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Earnings Per Share | ' | ||||||||||
Schedule of computation of basic and diluted earnings per share | ' | ||||||||||
2013 | 2012 | 2011 | |||||||||
Basic earnings per common share | |||||||||||
Net income | $ | 11,639 | $ | 6,012 | $ | 19,040 | |||||
Less income allocated to participating securities | 179 | 69 | 233 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income allocated to common shareholders | $ | 11,460 | $ | 5,943 | $ | 18,807 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Weighted average common shares outstanding | 22,029,374 | 21,894,569 | 21,650,736 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 0.52 | $ | 0.27 | $ | 0.87 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Earnings per common share assuming dilution | |||||||||||
Net income | $ | 11,639 | $ | 6,012 | $ | 19,040 | |||||
Less income allocated to participating securities | 179 | 69 | 233 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income allocated to common shareholders | $ | 11,460 | $ | 5,943 | $ | 18,807 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Weighted average common shares outstanding | 22,029,374 | 21,894,569 | 21,650,736 | ||||||||
Incremental shares applicable to stock based compensation | 37,800 | 69,742 | 163,881 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Weighted average common shares assuming dilution | 22,067,174 | 21,964,311 | 21,814,617 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 0.51 | $ | 0.26 | $ | 0.85 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Valuation_and_qualifying_accou1
Valuation and qualifying accounts (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Valuation and qualifying accounts | ' | |||||||||||||
Schedule of valuation and qualifying accounts | ' | |||||||||||||
Balance at | Additions | Changes to | Balance at | |||||||||||
beginning | charged to | reserve, | end of | |||||||||||
of year | earnings | net(1) | year | |||||||||||
Year ended December 31, 2013 | ||||||||||||||
Allowance for doubtful accounts | $ | 600 | $ | 329 | $ | 122 | $ | 1,051 | ||||||
Reserves for inventory | 1,199 | 757 | (357 | ) | 1,599 | |||||||||
Valuation of deferred tax assets | 1,374 | — | 21 | 1,395 | ||||||||||
Year ended December 31, 2012 | ||||||||||||||
Allowance for doubtful accounts | $ | 1,247 | $ | 259 | $ | (906 | ) | $ | 600 | |||||
Reserves for inventory | 1,288 | 715 | (804 | ) | 1,199 | |||||||||
Valuation of deferred tax assets | 830 | — | 544 | 1,374 | ||||||||||
Year ended December 31, 2011 | ||||||||||||||
Allowance for doubtful accounts | $ | 1,200 | $ | 1,106 | $ | (1,059 | ) | $ | 1,247 | |||||
Reserves for inventory | 1,404 | 1,080 | (1,196 | ) | 1,288 | |||||||||
Valuation of deferred tax assets | 877 | — | (47 | ) | 830 | |||||||||
-1 | ||||||||||||||
Deductions from the allowance for doubtful accounts equal accounts receivable written off, less recoveries, against the allowance. Deductions from the reserves for inventory excess and obsolete items equal inventory written off against the reserve as items were disposed of. Deductions to the valuation of deferred tax assets relate to the reversals due to changes in management's judgments regarding the future realization of the underlying deferred tax assets. | ||||||||||||||
Changes_in_Accumulated_Other_C1
Changes in Accumulated Other Comprehensive Loss by Component (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Changes in Accumulated Other Comprehensive Loss by Component | ' | |||||||||||||
Schedule of changes to accumulated other comprehensive loss by component | ' | |||||||||||||
Unrealized | Retiree | Pension | Total | |||||||||||
Net Loss | Health | Obligation | ||||||||||||
on Interest | Benefit | |||||||||||||
Rate Swap | Obligation | |||||||||||||
Balance at December 31, 2012 | $ | (344 | ) | $ | 1,063 | $ | (7,803 | ) | $ | (7,084 | ) | |||
Other comprehensive gain (loss) before reclassifications | (22 | ) | 1,066 | 4,154 | 5,197 | |||||||||
Amounts reclassified from accumulated other comprehensive loss(1) | 182 | 105 | 737 | 1,025 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at December 31, 2013 | $ | (184 | ) | $ | 2,234 | $ | (2,912 | ) | $ | (862 | ) | |||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
-1 | ||||||||||||||
Amounts reclassified from accumulated other comprehensive loss: | ||||||||||||||
December 31, | ||||||||||||||
2013 | ||||||||||||||
Amortization of Other Postretirement Benefit items: | ||||||||||||||
Actuarial loss(a) | 172 | |||||||||||||
Tax benefit | (67 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Reclassification net of tax | $ | 105 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Amortization of pension items: | ||||||||||||||
Actuarial loss(a) | $ | 1,205 | ||||||||||||
Tax benefit | (468 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Reclassification net of tax | $ | 737 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Realized losses on interest rate swap reclassified to interest expense | 297 | |||||||||||||
Tax benefit | (115 | ) | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Reclassification net of tax | $ | 182 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
(a) | ||||||||||||||
These components are included in the computation of benefit plan costs in Note 12. | ||||||||||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Quarterly Financial Information (Unaudited) | ' | |||||||||||||
Schedule of quarterly financial information (unaudited) | ' | |||||||||||||
2013 | ||||||||||||||
First | Second | Third | Fourth | |||||||||||
Net sales | $ | 14,141 | $ | 55,156 | $ | 52,026 | $ | 72,997 | ||||||
Gross profit | $ | 4,326 | $ | 18,878 | $ | 15,044 | $ | 27,402 | ||||||
Income (loss) before taxes | $ | (5,543 | ) | $ | 9,261 | $ | 694 | $ | 14,605 | |||||
Net income (loss) | $ | (3,404 | ) | $ | 5,909 | $ | 603 | $ | 8,531 | |||||
Basic net earnings (loss) per common share attributable to common shareholders | $ | (0.15 | ) | $ | 0.26 | $ | 0.03 | $ | 0.38 | |||||
Earnings (loss) per common share assuming dilution attributable to common shareholders | $ | (0.15 | ) | $ | 0.26 | $ | 0.02 | $ | 0.38 | |||||
Dividends per share | $ | 0.21 | $ | 0.21 | $ | 0.21 | $ | 0.21 | ||||||
2012 | ||||||||||||||
First | Second | Third | Fourth | |||||||||||
Net sales | $ | 8,560 | $ | 65,499 | $ | 37,774 | $ | 28,200 | ||||||
Gross profit | $ | 1,820 | $ | 23,060 | $ | 11,566 | $ | 7,517 | ||||||
Income (loss) before taxes | $ | (6,235 | ) | $ | 13,719 | $ | 3,091 | $ | (419 | ) | ||||
Net income (loss) | $ | (4,268 | ) | $ | 8,972 | $ | 2,346 | $ | (1,038 | ) | ||||
Basic net earnings (loss) per common share attributable to common shareholders | $ | (0.19 | ) | $ | 0.41 | $ | 0.11 | $ | (0.05 | ) | ||||
Earnings (loss) per common share assuming dilution attributable to common shareholders | $ | (0.19 | ) | $ | 0.4 | $ | 0.1 | $ | (0.05 | ) | ||||
Dividends per share | $ | 0.21 | $ | 0.21 | $ | 0.21 | $ | 0.21 |
Description_of_business_and_ba1
Description of business and basis of presentation (Details) | 12 Months Ended |
Dec. 31, 2013 | |
item | |
Description of business and basis of presentation | ' |
Number of points of sale | 2,100 |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing program | ' | ' | ' |
Purchases of distributors financed | $2,926 | $1,579 | $2,752 |
Uncollectible outstanding receivables | 0 | 0 | ' |
Amount owed by distributors to third party financing company | 1,300 | 943 | ' |
Repossessed inventory required to be repurchased | $0 | $233 | $41 |
Interest rate swap | ' | ' | ' |
Interim Consolidated Financial Information | ' | ' | ' |
Fixed interest rate (as a percent) | 6.34% | ' | ' |
Variable rate basis | 'LIBOR | ' | ' |
Interest rate added to variable rate (as a percent) | 4.25% | ' | ' |
LIBOR floor (as a percent) | 1.50% | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, plant and equipment | ' | ' | ' |
Depreciation expense | $3,068 | $2,819 | $2,975 |
Repairs and maintenance expenses | $3,509 | $2,855 | $4,025 |
Land improvements and buildings | Minimum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '15 years | ' | ' |
Land improvements and buildings | Maximum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '40 years | ' | ' |
Machinery and equipment | Minimum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '3 years | ' | ' |
Machinery and equipment | Maximum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '20 years | ' | ' |
Furniture and fixtures | Minimum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '3 years | ' | ' |
Furniture and fixtures | Maximum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '12 years | ' | ' |
Mobile equipment and other | Minimum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '3 years | ' | ' |
Mobile equipment and other | Maximum | ' | ' | ' |
Property, plant and equipment | ' | ' | ' |
Estimated useful lives | '10 years | ' | ' |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Details 3) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | ||
Impairment of long-lived assets | ' | ' |
Impairment of long-lived assets | $0 | $0 |
Goodwill and other intangible assets | ' | ' |
Number of reporting units | 1 | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '12 years 1 month 6 days | ' |
Distribution network | Minimum | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '15 years | ' |
Distribution network | Maximum | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '20 years | ' |
Trademarks | Minimum | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '7 years | ' |
Trademarks | Maximum | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '25 years | ' |
Patents | Minimum | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '7 years | ' |
Patents | Maximum | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '20 years | ' |
Customer relationships | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '19 years 6 months | ' |
Noncompete agreements | ' | ' |
Finite lived intangible assets | ' | ' |
Estimated useful lives | '5 years | ' |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies (Details 4) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Changes in deferred financing costs | ' | ' | ' |
Balance at the beginning of the period | $2,794 | $3,402 | $953 |
Write-off of unamortized capitalized deferred financing costs | ' | ' | -335 |
Deferred financing costs capitalized on new debt | ' | 168 | 3,471 |
Amortization of deferred financing costs | -578 | -776 | -687 |
Balance at the end of the period | 2,216 | 2,794 | 3,402 |
Revolving credit facility | ' | ' | ' |
Changes in deferred financing costs | ' | ' | ' |
Deferred financing costs capitalized on new debt | ' | 168 | ' |
Prior senior credit facilities | Term loan facility | ' | ' | ' |
Changes in deferred financing costs | ' | ' | ' |
Write-off of unamortized capitalized deferred financing costs | ' | ' | ($335) |
Summary_of_Significant_Account7
Summary of Significant Accounting Policies (Details 5) (Recurring, Level 2, USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Other assets | $1,127 | $491 |
Total Assets | 1,127 | 491 |
Liabilities: | ' | ' |
Long term debt | 110,439 | 110,566 |
Other long - term liabilities - | ' | ' |
Interest rate swaps | 282 | 544 |
Total Liabilities | 114,308 | 111,110 |
TrynEx | ' | ' |
Other long - term liabilities - | ' | ' |
Earnout - Trynex | $3,587 | ' |
Summary_of_Significant_Account8
Summary of Significant Accounting Policies (Details 6) (Potential earn out obligation, TrynEx, USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Potential earn out obligation | TrynEx | ' |
Reconciliation of liability related to earnout | ' |
Additions | $3,587 |
Balance at the end of the period | $3,587 |
Summary_of_Significant_Account9
Summary of Significant Accounting Policies (Details 7) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
item | |||||||||||
Advertising expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advertising expenses incurred | ' | ' | ' | ' | ' | ' | ' | ' | $3,037 | $1,815 | $2,718 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of interest rate swap contract | 50,000 | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' |
Segment Reporting | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of operating segments | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' |
Maximum percentage of net sales outside North America | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' |
Product offerings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Sales | 72,997 | 52,026 | 55,156 | 14,141 | 28,200 | 37,774 | 65,499 | 8,560 | 194,320 | 140,033 | 208,798 |
Equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product offerings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Sales | ' | ' | ' | ' | ' | ' | ' | ' | 164,460 | 123,308 | 177,806 |
Parts and accessories | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product offerings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Sales | ' | ' | ' | ' | ' | ' | ' | ' | $29,860 | $16,725 | $30,992 |
Acquisition_Details
Acquisition (Details) (USD $) | 3 Months Ended | 12 Months Ended | 0 Months Ended | 8 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Aug. 05, 2013 | 6-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 6-May-13 | Dec. 31, 2013 | 6-May-13 | Dec. 31, 2013 | 6-May-13 | 6-May-13 |
Customer relationships | Revolving credit facility | TrynEx | TrynEx | TrynEx | TrynEx | TrynEx | TrynEx | TrynEx | TrynEx | TrynEx | TrynEx | TrynEx | ||||||||||||
Senior credit facilities | Customer relationships | Customer relationships | Patents | Patents | Trademarks | Trademarks | Revolving credit facility | |||||||||||||||||
Senior credit facilities | ||||||||||||||||||||||||
Acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consideration paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $26,734 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Working capital adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 262 | ' | ' | ' | ' | ' | ' | ' |
Borrowings under senior credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,000 |
Transaction expenses related to acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,239 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contingent consideration in the form of an earnout capped | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of the contingent consideration recognized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,587 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocation of the purchase price paid and the subsequent working capital adjustment to the fair value of the net assets acquired as of the acquisition date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 604 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventories | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,130 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other current assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,272 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | 113,132 | ' | ' | ' | 107,222 | ' | ' | ' | 113,132 | 107,222 | ' | ' | ' | ' | 5,910 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,499 | ' | ' | ' | 8,820 | ' | 1,320 | ' | 2,359 | ' |
Accounts payable and other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,972 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,472 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '19 years 6 months | ' | '17 years | ' | '25 years | ' | ' |
Amortization of goodwill for income tax purposes | ' | ' | ' | ' | ' | ' | ' | ' | '12 years 1 month 6 days | ' | ' | '19 years 6 months | ' | ' | ' | ' | '15 years | ' | ' | ' | ' | ' | ' | ' |
Revenues | 72,997 | 52,026 | 55,156 | 14,141 | 28,200 | 37,774 | 65,499 | 8,560 | 194,320 | 140,033 | 208,798 | ' | ' | ' | ' | 12,879 | ' | ' | ' | ' | ' | ' | ' | ' |
Pre-tax operating losses | 14,605 | 694 | 9,261 | -5,543 | -419 | 3,091 | 13,719 | -6,235 | 19,017 | 10,156 | 30,372 | ' | ' | ' | ' | -3,334 | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase accounting expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4,506 | ' | ' | ' | ' | ' | ' | ' | ' |
Inventories_Details
Inventories (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventories | ' | ' |
Finished goods and work-in-process | $26,175 | $29,119 |
Raw material and supplies | 1,802 | 1,173 |
Inventories | $27,977 | $30,292 |
Property_plant_and_equipment_D
Property, plant and equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, plant and equipment | ' | ' |
Total property, plant and equipment | $56,660 | $48,820 |
Less accumulated depreciation | -31,794 | -28,933 |
Net property, plant and equipment | 24,866 | 19,887 |
Land | ' | ' |
Property, plant and equipment | ' | ' |
Total property, plant and equipment | 1,160 | 960 |
Land improvements | ' | ' |
Property, plant and equipment | ' | ' |
Total property, plant and equipment | 1,849 | 1,768 |
Buildings | ' | ' |
Property, plant and equipment | ' | ' |
Total property, plant and equipment | 16,743 | 12,852 |
Machinery and equipment | ' | ' |
Property, plant and equipment | ' | ' |
Total property, plant and equipment | 25,756 | 24,286 |
Furniture and fixtures | ' | ' |
Property, plant and equipment | ' | ' |
Total property, plant and equipment | 8,772 | 7,465 |
Mobile equipment and other | ' | ' |
Property, plant and equipment | ' | ' |
Total property, plant and equipment | 1,267 | 1,138 |
Construction-in-process | ' | ' |
Property, plant and equipment | ' | ' |
Total property, plant and equipment | $1,113 | $351 |
Other_Intangible_Assets_Detail
Other Intangible Assets (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other intangible assets | ' | ' | ' |
Amortizable intangibles, gross carrying amount | $117,785 | $105,286 | ' |
Amortizable intangibles, accumulated amortization | 54,363 | 48,738 | ' |
Amortizable intangibles, net carrying amount | 63,422 | 56,548 | ' |
Gross Carrying Amount | 177,785 | 165,286 | ' |
Net Carrying Amount | 123,422 | 116,548 | ' |
Amortization expense for intangible assets | 5,625 | 5,199 | 5,201 |
Estimated amortization expense for the next five years | ' | ' | ' |
2014 | 5,818 | ' | ' |
2015 | 5,767 | ' | ' |
2016 | 5,508 | ' | ' |
2017 | 5,508 | ' | ' |
2018 | 5,508 | ' | ' |
Other intangible assets, additional disclosure | ' | ' | ' |
Weighted average remaining life for intangible assets | '12 years 1 month 6 days | ' | ' |
Dealer network | ' | ' | ' |
Other intangible assets | ' | ' | ' |
Amortizable intangibles, gross carrying amount | 80,000 | 80,000 | ' |
Amortizable intangibles, accumulated amortization | 39,000 | 35,000 | ' |
Amortizable intangibles, net carrying amount | 41,000 | 45,000 | ' |
Customer relationships | ' | ' | ' |
Other intangible assets | ' | ' | ' |
Amortizable intangibles, gross carrying amount | 10,820 | 2,000 | ' |
Amortizable intangibles, accumulated amortization | 1,404 | 956 | ' |
Amortizable intangibles, net carrying amount | 9,416 | 1,044 | ' |
Other intangible assets, additional disclosure | ' | ' | ' |
Weighted average remaining life for intangible assets | '19 years 6 months | ' | ' |
Patents | ' | ' | ' |
Other intangible assets | ' | ' | ' |
Amortizable intangibles, gross carrying amount | 16,436 | 15,116 | ' |
Amortizable intangibles, accumulated amortization | 6,293 | 5,491 | ' |
Amortizable intangibles, net carrying amount | 10,143 | 9,625 | ' |
Noncompete agreements | ' | ' | ' |
Other intangible assets | ' | ' | ' |
Amortizable intangibles, gross carrying amount | 5,050 | 5,050 | ' |
Amortizable intangibles, accumulated amortization | 5,050 | 5,050 | ' |
Other intangible assets, additional disclosure | ' | ' | ' |
Weighted average remaining life for intangible assets | '5 years | ' | ' |
Trademark-Blizzard | ' | ' | ' |
Other intangible assets | ' | ' | ' |
Amortizable intangibles, gross carrying amount | 5,459 | 3,100 | ' |
Amortizable intangibles, accumulated amortization | 2,596 | 2,221 | ' |
Amortizable intangibles, net carrying amount | 2,863 | 879 | ' |
License | ' | ' | ' |
Other intangible assets | ' | ' | ' |
Amortizable intangibles, gross carrying amount | 20 | 20 | ' |
Amortizable intangibles, accumulated amortization | 20 | 20 | ' |
Trademark and tradenames | ' | ' | ' |
Other intangible assets | ' | ' | ' |
Indefinite-lived intangibles, net carrying amount | $60,000 | $60,000 | ' |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Interest rate swap | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | Senior credit facilities | ||||
Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Term Loan | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | |||||
Interest rate swap | Interest rate swap | Minimum | First option | First option | First option | First option | First option | Second option | Second option | Second option | Maximum | First option | First option | Second option | Second option | Second option | Second option | |||||||||
item | Interest rate swap | Prime | Federal funds | London Interbank Offered Rate | Fixed rate | London Interbank Offered Rate | Fixed rate | London Interbank Offered Rate | Prime | Federal funds | London Interbank Offered Rate | |||||||||||||||
Long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt | $110,994 | ' | ' | ' | $110,994 | $111,966 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Less current maturities | 971 | 971 | ' | ' | 971 | 971 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, less current maturities | 110,023 | 110,995 | ' | ' | 110,023 | 110,995 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unamortized discount on issuance of debt | ' | ' | ' | ' | 766 | 946 | 1,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of maturities on long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2014 | 971 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2015 | 971 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2016 | 971 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2017 | 971 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2018 | 107,110 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt | 110,994 | ' | ' | ' | 110,994 | 111,966 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, additional disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings under senior credit facility | ' | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000 | ' | ' | ' | ' | ' | ' | ' |
Additional fixed interest rate spread (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | ' | ' | ' | ' | 4.25% | ' | ' | ' | ' | 1.75% | ' | 1.25% | ' | ' | ' |
Variable rate basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Prime Rate | 'Federal funds | 'London Interbank Offered Rate for a one month interest period | ' | ' | 'London Interbank Offered Rate multiplied by Statutory Reserve Rate | ' | ' | ' | ' | 'London Interbank Offered Rate | ' | 'Prime Rate | 'Federal funds | 'London Interbank Offered Rate multiplied by Statutory Reserve Rate |
Interest rate added to variable rate (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | 1.00% |
Additional interest margin added to fixed and variable rates (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate base (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense paid | 7,597 | 7,435 | 7,767 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 446 | ' | ' | ' | ' | ' | ' | ' |
Average interest rate (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' |
Remaining borrowing availability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48,324 | ' | ' | ' | ' | ' | ' | ' |
Annual acquisitions allowed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' |
Fixed charge coverage ratio to be maintained if certain minimum availability under the credit facility is not maintained | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' |
Percentage of net cash proceeds of certain asset sales, certain insurance or condemnation events, requirement for additional principal prepayments | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period before end of the fiscal year, for additional principal prepayments of debt, from excess cash flow | ' | ' | ' | ' | '150 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of excess cash flow paid as additional principal prepayments | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduced percentage of excess cash flow paid as additional principal prepayments upon achievement of certain leverage ratio thresholds, one | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduced percentage of excess cash flow paid as additional principal prepayments upon achievement of certain leverage ratio thresholds, two | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Length of time after closing date for entering into a hedge | ' | ' | ' | ' | ' | ' | ' | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of aggregate outstanding principal amount of debt hedged | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Negative fair value included in accrued expenses and other current liabilities | ' | ' | ' | ' | ' | ' | ' | 282 | 544 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of financial institutions for which the entity is exposed to counterparty credit risk | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate on derivative (as a percent) | ' | ' | ' | 6.34% | ' | ' | ' | 6.34% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable rate basis | ' | ' | ' | 'LIBOR | ' | ' | ' | 'LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate added to variable rate (as a percent) | ' | ' | ' | 4.25% | ' | ' | ' | 4.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LIBOR floor (as a percent) | ' | ' | ' | 1.50% | ' | ' | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding borrowings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $13,000 | ' | ' | ' | ' | ' | ' | ' |
Accrued_Expenses_and_Other_Cur2
Accrued Expenses and Other Current Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Accrued Expenses and Other Current Liabilities | ' | ' | ' | ' |
Payroll and related costs | $2,857 | $1,429 | ' | ' |
Employee benefits | 4,522 | 2,731 | ' | ' |
Accrued warranty | 3,808 | 3,628 | 4,188 | 3,399 |
Other | 3,231 | 2,541 | ' | ' |
Accrued expenses and other current liabilities | $14,418 | $10,329 | ' | ' |
Warranty_Liability_Details
Warranty Liability (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Warranty liability | ' | ' | ' |
Period of warranty history used in estimating warranty costs | '5 years | ' | ' |
Company's warranty liability: | ' | ' | ' |
Balance at the beginning of the period | $3,628 | $4,188 | $3,399 |
Establish warranty liability for Trynex | 600 | ' | ' |
Warranty provision | 1,452 | 846 | 3,386 |
Claims paid/settlements | -1,872 | -1,406 | -2,597 |
Balance at the end of the period | $3,808 | $3,628 | $4,188 |
Snow and ice control equipment | ' | ' | ' |
Warranty liability | ' | ' | ' |
Warranty period | '2 years | ' | ' |
Parts and accessories | ' | ' | ' |
Warranty liability | ' | ' | ' |
Warranty period | '1 year | ' | ' |
Certain snowplows | ' | ' | ' |
Warranty liability | ' | ' | ' |
Warranty period | '1 year | ' | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' |
Federal | $712 | ($3,994) | $2,697 |
State | -190 | 289 | 326 |
Current income tax expense (benefit) | 522 | -3,705 | 3,023 |
Deferred: | ' | ' | ' |
Federal | 5,582 | 7,375 | 7,855 |
State | 1,274 | 474 | 454 |
Deferred income tax expense (benefit) | 6,856 | 7,849 | 8,309 |
Provision for income tax expense (benefit) | 7,378 | 4,144 | 11,332 |
Reconciliation of income tax expense computed at the federal statutory rate to the provision for income taxes | ' | ' | ' |
Federal income tax expense at statutory rate | 6,656 | 3,555 | 10,630 |
State taxes, net of federal benefit | 236 | 218 | 1,522 |
Valuation allowance changes | ' | 451 | -47 |
Change in uncertain tax positions, net | 8 | 8 | -150 |
Research and development credit | -305 | -26 | -111 |
Rate change | 758 | 67 | -162 |
Manufacturing tax benefits | -44 | ' | -552 |
Other | 69 | -129 | 202 |
Provision for income tax expense (benefit) | $7,378 | $4,144 | $11,332 |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Allowance for doubtful accounts | $401 | $223 |
Inventory reserves | 638 | 445 |
Warranty liability | 1,455 | 1,346 |
Deferred compensation | 570 | 383 |
Earnout liability | 1,531 | ' |
Pension and retiree health benefit obligations | -869 | 7,072 |
Accrued vacation | 587 | 631 |
Medical claims reserve | 263 | 261 |
State net operating losses | 3,294 | 2,633 |
Other accrued liabilities | 865 | 746 |
Valuation allowance for state net operating losses | -1,395 | -1,374 |
Total deferred tax assets | 7,340 | 12,366 |
Deferred tax liabilities: | ' | ' |
Tax deductible goodwill and other intangibles | -45,872 | -39,664 |
Accelerated depreciation | -2,040 | -2,205 |
Other | -251 | -592 |
Total deferred tax liabilities | -48,163 | -42,461 |
Net deferred tax liabilities | -40,823 | -30,095 |
Operating loss carry forwards | ' | ' |
State net operating losses | 3,294 | 2,633 |
Valuation allowance for state net operating losses | 1,395 | 1,374 |
State | ' | ' |
Deferred tax assets: | ' | ' |
State net operating losses | 3,294 | ' |
Valuation allowance for state net operating losses | -1,395 | ' |
Operating loss carry forwards | ' | ' |
Operating loss carry forwards | 64,378 | ' |
State net operating losses | 3,294 | ' |
Valuation allowance for state net operating losses | $1,395 | ' |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
A reconciliation of the beginning and ending liability for uncertain tax positions | ' | ' |
Balance at beginning of year | $328 | $320 |
Increases for tax position taken in prior years | 8 | 8 |
Balance at the end of year | 336 | 328 |
Unrecognized tax benefits that would affect the effective tax rate, if recognized | 219 | ' |
Accrued interest and penalties reported as income tax liability | $70 | $62 |
Deferred_Compensation_Details
Deferred Compensation (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | ||
Deferred Compensation | ' | ' |
Period preceding the year of termination for which the terminated participant will forfeit any positive amounts allocated to him or her | '2 years | ' |
Multiplier of base compensation until which compensation earned is deferred | 2 | ' |
Percentage of account balance paid in cash in lump sum when account balance is more than the specified multiplier of the participant's base compensation | 20.00% | ' |
Threshold limit for payment of vested account balances upon separation | $75,000 | ' |
Number of equal annual installments in which vested account balances are paid upon separation when threshold limit is exceeded | 5 | ' |
Description of interest rate on unpaid account balance | 'one-year U.S. Treasury rate | ' |
Activity for the plan | ' | ' |
Balance at beginning of year | 911,000 | 1,067,000 |
Payments to current and former participants | -155,000 | -156,000 |
Balance at end of year | 756,000 | 911,000 |
Less current portion | -98,000 | -155,000 |
Long Term balance at end of year | $658,000 | $756,000 |
Employee_Retirement_Plans_Deta
Employee Retirement Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amounts recognized in the consolidated balance sheets consisted of: | ' | ' | ' |
Retiree health benefit obligation | ($4,654) | ($6,541) | ' |
Pension benefits | ' | ' | ' |
Change in projected benefit obligation: | ' | ' | ' |
Benefit obligation at beginning of year | 36,209 | 32,800 | ' |
Service cost | 246 | 268 | 961 |
Interest cost | 1,449 | 1,482 | 1,539 |
Actuarial (gains) losses | -5,031 | 2,944 | ' |
Benefits paid | -1,158 | -1,285 | ' |
Benefit obligation at end of year | 31,715 | 36,209 | 32,800 |
Change in plan assets: | ' | ' | ' |
Fair value of plan assets at beginning of year | 21,808 | 18,637 | ' |
Actual return on plan assets | 3,160 | 2,442 | ' |
Employer contributions through December 31 | 828 | 2,014 | ' |
Benefits paid | -1,158 | -1,285 | ' |
Fair value of plan assets at end of year | 24,638 | 21,808 | 18,637 |
Funded Status: accrued pension liability | -7,077 | -14,401 | ' |
Salaried Pension Plan | ' | ' | ' |
Threshold period of service considered for freezing benefits | '5 years | ' | ' |
Benefit accrual as a percentage of pay | 1.67% | ' | ' |
Reduced benefit accrual as a percentage of pay | 1.00% | ' | ' |
Amount recognized in accumulated other comprehensive loss | ' | ' | ' |
Reduction to the net actuarial loss recognized | ' | ' | 1,408 |
Components of net periodic cost: | ' | ' | ' |
Service cost | 246 | 268 | 961 |
Interest cost | 1,449 | 1,482 | 1,539 |
Expected return on plan assets | -1,409 | -1,274 | -1,357 |
Amortization of net (gain) loss | 1,205 | 770 | 454 |
Net periodic cost | 1,491 | 1,246 | 1,597 |
Accumulated benefit obligation | 31,623 | 34,949 | ' |
Pension benefits | Minimum | ' | ' | ' |
Change in plan assets: | ' | ' | ' |
Employer contributions through December 31 | 828 | ' | ' |
Postretirement benefits | ' | ' | ' |
Change in projected benefit obligation: | ' | ' | ' |
Benefit obligation at beginning of year | 6,812 | 8,402 | ' |
Service cost | 250 | 281 | 263 |
Interest cost | 245 | 360 | 407 |
Participant contributions | 100 | 103 | ' |
Actuarial (gains) losses | -2,085 | -1,590 | ' |
Benefits paid | -448 | -744 | ' |
Benefit obligation at end of year | 4,874 | 6,812 | 8,402 |
Amounts recognized in the consolidated balance sheets consisted of: | ' | ' | ' |
Accrued expenses and other current liabilities | 220 | 271 | ' |
Retiree health benefit obligation | 4,654 | 6,541 | ' |
Amounts recognized in the consolidated balance sheets consisted | 4,874 | 6,812 | ' |
Change in plan assets: | ' | ' | ' |
Benefits paid | -448 | -744 | ' |
Components of net periodic cost: | ' | ' | ' |
Service cost | 250 | 281 | 263 |
Interest cost | 245 | 360 | 407 |
Amortization of net (gain) loss | -172 | -17 | -61 |
Net periodic cost | $323 | $624 | $609 |
Postretirement benefits | Minimum | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Period of service of employees | '12 years | ' | ' |
Postretirement benefits | Maximum | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Period of coverage under the plan | '10 years | ' | ' |
Employee_Retirement_Plans_Deta1
Employee Retirement Plans (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension benefits | ' | ' | ' |
Assumptions used in determining net periodic pension cost for the plans | ' | ' | ' |
Discount rates (as a percent) | 4.10% | 4.60% | 5.50% |
Rates of increase in compensation levels: Salaried (as a percent) | 3.50% | 3.50% | 3.50% |
Expected long-term rate of return on assets (as a percent) | 7.25% | 7.25% | 8.00% |
Expected long-term rate of return on plan assets for the next fiscal year | 0.0725 | ' | ' |
Expected benefit payments | ' | ' | ' |
2014 | $1,330 | ' | ' |
2015 | 1,340 | ' | ' |
2016 | 1,360 | ' | ' |
2017 | 1,400 | ' | ' |
2018 | 1,440 | ' | ' |
2019-2023 | 8,250 | ' | ' |
Required pension funding contributions made | 828 | 2,014 | ' |
Amounts included in other comprehensive loss, net of tax | ' | ' | ' |
Net actuarial gain (loss) | -2,912 | ' | ' |
Amounts that will be amortized from accumulated other comprehensive income loss into net periodic pension or OPEB cost in the next fiscal year | ' | ' | ' |
Estimated actuarial gain (loss) | -202 | ' | ' |
Pension benefits | Minimum | ' | ' | ' |
Expected benefit payments | ' | ' | ' |
Required pension funding contributions made | 828 | ' | ' |
Required pension funding contributions expected to be made in next fiscal year | 1,410 | ' | ' |
Hourly pension plans | ' | ' | ' |
Assumptions used to determine the benefit obligation | ' | ' | ' |
Discount rate (as a percent) | 4.90% | 4.10% | ' |
Salaried pension plans | ' | ' | ' |
Assumptions used to determine the benefit obligation | ' | ' | ' |
Discount rate (as a percent) | 4.80% | 4.10% | ' |
Postretirement benefits | ' | ' | ' |
Assumptions used in determining net periodic pension cost for the plans | ' | ' | ' |
Discount rates (as a percent) | 3.70% | 4.40% | 5.50% |
Summary of healthcare cost trend rates | ' | ' | ' |
Immediate healthcare cost trend rate (as a percent) | 7.00% | 8.00% | 9.00% |
Ultimate healthcare cost trend rate (as a percent) | 4.50% | 4.50% | 5.00% |
Participation (as a percent) | 80.00% | 80.00% | 80.00% |
Assumptions used to determine the benefit obligation | ' | ' | ' |
Discount rate (as a percent) | 4.50% | 3.70% | ' |
Effect of one percentage point change in the healthcare cost trend rate | ' | ' | ' |
Effect on total service and interest cost, 1% increase | 51 | ' | ' |
Effect on total service and interest cost, 1% decrease | -44 | ' | ' |
Effect on postretirement benefit obligation, 1% increase | 555 | ' | ' |
Effect on postretirement benefit obligation, 1% decrease | -482 | ' | ' |
Amounts included in other comprehensive loss, net of tax | ' | ' | ' |
Net actuarial gain (loss) | 2,234 | ' | ' |
Amounts that will be amortized from accumulated other comprehensive income loss into net periodic pension or OPEB cost in the next fiscal year | ' | ' | ' |
Estimated actuarial gain (loss) | $398 | ' | ' |
Postretirement benefits | Under 65 | ' | ' | ' |
Summary of healthcare cost trend rates | ' | ' | ' |
Assumed health care cost trend rate for the next fiscal year (as a percent) | 7.00% | 8.00% | ' |
Ultimate rate in 2021 (as a percent) | ' | 4.50% | ' |
Ultimate rate in 2020 (as a percent) | 4.50% | ' | ' |
Age of participants | 65 | ' | ' |
Postretirement benefits | Over 65 | ' | ' | ' |
Summary of healthcare cost trend rates | ' | ' | ' |
Assumed health care cost trend rate for the next fiscal year (as a percent) | 5.00% | 6.00% | ' |
Ultimate rate in 2021 (as a percent) | ' | 4.50% | ' |
Ultimate rate in 2020 (as a percent) | 4.50% | ' | ' |
Age of participants | 65 | ' | ' |
Employee_Retirement_Plans_Deta2
Employee Retirement Plans (Details 3) (Pension benefits, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 100.00% | ' | ' |
Actual allocation of pension plan assets | $24,638 | $21,808 | $18,637 |
Weighted-average asset allocation (as a percent) | 100.00% | 100.00% | ' |
Large Cap Equity | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 37.00% | ' | ' |
Actual allocation of pension plan assets | 7,373 | 6,766 | ' |
Weighted-average asset allocation (as a percent) | 30.00% | 31.00% | ' |
Mid Cap Equity | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 4.00% | ' | ' |
Actual allocation of pension plan assets | 938 | 859 | ' |
Weighted-average asset allocation (as a percent) | 4.00% | 4.00% | ' |
Small Cap Equity | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 3.00% | ' | ' |
Actual allocation of pension plan assets | 935 | 876 | ' |
Weighted-average asset allocation (as a percent) | 4.00% | 4.00% | ' |
International Equity | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 12.00% | ' | ' |
Actual allocation of pension plan assets | 2,485 | 2,448 | ' |
Weighted-average asset allocation (as a percent) | 10.00% | 11.00% | ' |
Emerging markets Equity | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 2.00% | ' | ' |
Actual allocation of pension plan assets | 617 | 598 | ' |
Weighted-average asset allocation (as a percent) | 2.00% | 3.00% | ' |
Fixed Income and Cash Equivalents | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 34.00% | ' | ' |
Actual allocation of pension plan assets | 9,830 | 8,019 | ' |
Weighted-average asset allocation (as a percent) | 40.00% | 37.00% | ' |
Real Estate | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Target (as a percent) | 8.00% | ' | ' |
Actual allocation of pension plan assets | $2,460 | $2,242 | ' |
Weighted-average asset allocation (as a percent) | 10.00% | 10.00% | ' |
Employee_Retirement_Plans_Deta3
Employee Retirement Plans (Details 4) (Pension benefits, USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Employee retirement plans | ' | ' | ' |
Total pension plan assets | $24,638 | $21,808 | $18,637 |
Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | 23,412 | 20,691 | ' |
Significant Unobservable Inputs (Level 3) | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | 1,226 | 1,117 | 1,096 |
Equity holdings | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | 13,582 | 12,672 | ' |
Equity holdings | Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | 13,582 | 12,672 | ' |
Fixed-income holdings | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | 9,830 | 8,019 | ' |
Fixed-income holdings | Significant Other Observable Inputs (Level 2) | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | 9,830 | 8,019 | ' |
Alternative investments | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | 1,226 | 1,117 | ' |
Alternative investments | Significant Unobservable Inputs (Level 3) | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Total pension plan assets | $1,226 | $1,117 | ' |
Employee_Retirement_Plans_Deta4
Employee Retirement Plans (Details 5) (Pension benefits, USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Significant Unobservable Inputs (Level 3) | Significant Unobservable Inputs (Level 3) | |||
Reconciliation of the fair value measurements using significant unobservable inputs (Level 3) | ' | ' | ' | ' | ' |
Fair value of plan assets at beginning of year | $24,638 | $21,808 | $18,637 | $1,117 | $1,096 |
Deposits | ' | ' | ' | 41 | 187 |
Actual return on plan assets held at reporting date | ' | ' | ' | 149 | 125 |
Withdrawals | ' | ' | ' | -81 | -291 |
Fair value of plan assets at end of year | $24,638 | $21,808 | $18,637 | $1,226 | $1,117 |
Employee_Retirement_Plans_Deta5
Employee Retirement Plans (Details 6) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined contribution plan | ' | ' | ' |
Company's matching contributions | $213 | $198 | $140 |
Non-discretionary employer contributions | 807 | 871 | ' |
Non-qualified plan | ' | ' | ' |
Employee retirement plans | ' | ' | ' |
Expense | 450 | 471 | ' |
Amount accrued | $1,105 | $497 | ' |
StockBased_Compensation_Detail
Stock-Based Compensation (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 |
A&R 2004 Plan | 2010 Plan | Stock Options | Stock Options | Stock Options | Stock Options | Stock Options | Stock Options | Restricted Stock | Restricted Stock | Restricted Stock | Restricted Stock | Performance Based Awards | Performance Based Awards | Performance Based Awards | Performance Based Awards | Restricted Stock Unit Awards | Restricted Stock Unit Awards | Restricted Stock Unit Awards | Restricted Stock Unit Awards | Restricted Stock Unit Awards | |
A&R 2004 Plan | A&R 2004 Plan | A&R 2004 Plan | 2010 Plan | 2010 Plan | 2010 Plan | 2010 Plan | Non-employee director | Management | |||||||||||||
Subsequent | item | ||||||||||||||||||||
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares of common stock reserved for issuance | 37,240 | 1,595,858 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expiration period | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum number of shares of common stock that may be issued | ' | 2,130,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the beginning of the year (in shares) | ' | ' | ' | ' | ' | 356,623 | 37,240 | 37,240 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercised (in shares) | ' | ' | 0 | 0 | ' | -319,383 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the end of the year (in shares) | ' | ' | ' | ' | ' | 37,240 | 37,240 | 37,240 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercisable at the end of the year (in shares) | ' | ' | ' | ' | ' | 37,240 | 37,240 | 37,240 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the beginning of the year (in dollars per share) | ' | ' | ' | ' | ' | $4.21 | $4.21 | $4.21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercised (in dollars per share) | ' | ' | ' | ' | ' | $4.21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at the end of the year (in dollars per share) | ' | ' | ' | ' | ' | $4.21 | $4.21 | $4.21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercisable at the end of the year (in dollars per share) | ' | ' | ' | ' | ' | $4.21 | $4.21 | $4.21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options, additional disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stock options exercised by stockholders utilizing a broker assisted cashless exercise (in shares) | ' | ' | ' | ' | ' | 184,236 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average remaining contractual life of stock awards | ' | ' | '2 years 8 months 12 days | '3 years 8 months 12 days | '4 years 8 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average remaining contractual life of exercisable stock awards | ' | ' | '2 years 8 months 12 days | '3 years 8 months 12 days | '4 years 8 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate intrinsic value of stock awards | ' | ' | $470 | $379 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate intrinsic value of exercisable stock awards | ' | ' | 470 | 379 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate intrinsic value of stock awards exercised | ' | ' | ' | ' | 3,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested at the beginning of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 208,823 | 235,667 | 242,088 | ' | ' | ' | ' | ' | 26,046 | 18,893 | ' | ' | ' |
Granted (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 44,022 | 42,077 | 43,690 | ' | ' | 58,441 | 68,224 | ' | 70,324 | 14,367 | 20,612 | ' | ' |
Vested (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | -82,942 | -68,921 | -50,111 | ' | ' | ' | ' | ' | -53,022 | -7,214 | -1,719 | ' | ' |
Unvested at the end of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 169,903 | 208,823 | 235,667 | 242,088 | ' | ' | ' | ' | 43,348 | 26,046 | 18,893 | ' | ' |
Expected to vest in the future, at the end of the period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 163,786 | ' | ' | ' | ' | ' | ' | ' | 41,787 | ' | ' | ' | ' |
Weighted Average Grant Date Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested at the beginning of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $12.63 | $12.27 | $11.68 | ' | ' | ' | ' | ' | $14.73 | $15.20 | ' | ' | ' |
Granted (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $14.78 | $14.57 | $14.99 | ' | ' | $12.94 | $15.01 | $14.40 | $14.52 | $14.35 | $15.21 | ' | ' |
Vested (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $12.97 | $12.61 | $11.77 | ' | ' | ' | ' | ' | $14.68 | $15.21 | $15.25 | ' | ' |
Unvested at the end of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $13.03 | $12.63 | $12.27 | $11.68 | ' | ' | ' | ' | $14.46 | $14.73 | $15.20 | ' | ' |
Expected to vest in the future, at the end of the period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $13.03 | ' | ' | ' | ' | ' | ' | ' | $14.46 | ' | ' | ' | ' |
Weighted Average Remaining Contractual Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested at the beginning of the period | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 4 months 2 days | '1 year 11 months 8 days | '2 years 9 months 29 days | '4 years 4 days | ' | ' | ' | ' | '1 year 6 months 18 days | '8 months 19 days | '2 years | ' | ' |
Granted | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | '2 years | '2 years | ' | ' | ' | ' | ' | '9 months 25 days | '1 year 7 days | ' | ' | ' |
Unvested at the end of the period | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 4 months 2 days | '1 year 11 months 8 days | '2 years 9 months 29 days | '4 years 4 days | ' | ' | ' | ' | '1 year 6 months 18 days | '8 months 19 days | '2 years | ' | ' |
Expected to vest in future, at the end of the period | ' | ' | ' | ' | ' | ' | ' | ' | '1 year 4 months 2 days | ' | ' | ' | ' | ' | ' | ' | '1 year 6 months 18 days | ' | ' | ' | ' |
Recognized and unrecognized compensation expense with weighted average recognition period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation expenses recognized | ' | ' | ' | ' | ' | ' | ' | ' | 1,126 | 1,092 | 848 | ' | 609 | 756 | 1,024 | ' | 852 | ' | ' | ' | ' |
Unrecognized compensation expense calculated under the fair value method for shares expected to vest | ' | ' | ' | ' | ' | ' | ' | ' | 1,218 | 1,685 | ' | ' | 453 | ' | ' | ' | 357 | ' | ' | ' | ' |
Minimum age of employee, attaining which awards are continued to be vested upon retirement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65 |
Minimum service period, upon serving which awards are continued to be vested upon retirement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years |
Minimum age of employee along with service period condition, attaining which awards are continued to be vested upon retirement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 55 |
Accelerated stock based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $261 |
Number of shares issued upon exercise of units other than options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 |
Maximum period following a termination of service in which the share-based award will be settled | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 months 15 days | ' | ' | ' | ' |
Number of performance shares units that will be converted into RSU's | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 74,516 | ' | ' | ' | ' | ' |
Percentage of RSU's issued that will immediately vest and be converted into common shares. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33.33% | ' | ' | ' | ' | ' |
Percentage of RSU's issued that will vest ratably over the remaining vesting period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66.67% | ' | ' | ' | ' | ' |
Vesting period of awards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Anti-dilutive shares excluded from computation of diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Basic earnings per common share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $8,531 | $603 | $5,909 | ($3,404) | ($1,038) | $2,346 | $8,972 | ($4,268) | $11,639 | $6,012 | $19,040 |
Less income allocated to participating securities | ' | ' | ' | ' | ' | ' | ' | ' | 179 | 69 | 233 |
Net income attributable to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | 11,460 | 5,943 | 18,807 |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 22,029,374 | 21,894,569 | 21,650,736 |
Basic income per common share (in dollars per share) | $0.38 | $0.03 | $0.26 | ($0.15) | ($0.05) | $0.11 | $0.41 | ($0.19) | $0.52 | $0.27 | $0.87 |
Earnings per common share assuming dilution | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 8,531 | 603 | 5,909 | -3,404 | -1,038 | 2,346 | 8,972 | -4,268 | 11,639 | 6,012 | 19,040 |
Less income allocated to participating securities | ' | ' | ' | ' | ' | ' | ' | ' | 179 | 69 | 233 |
Net income attributable to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | $11,460 | $5,943 | $18,807 |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 22,029,374 | 21,894,569 | 21,650,736 |
Incremental shares applicable to stock based compensation | ' | ' | ' | ' | ' | ' | ' | ' | 37,800 | 69,742 | 163,881 |
Weighted average common shares assuming dilution | ' | ' | ' | ' | ' | ' | ' | ' | 22,067,174 | 21,964,311 | 21,814,617 |
Earnings per common share assuming dilution (in dollars per share) | $0.38 | $0.02 | $0.26 | ($0.15) | ($0.05) | $0.10 | $0.40 | ($0.19) | $0.51 | $0.26 | $0.85 |
Impairment_of_Assets_Held_For_1
Impairment of Assets Held For Sale (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Impairment of Assets Held For Sale | ' |
Loss recognized on impairment of assets held for sale | $647 |
Stockholders_equity_Details
Stockholders' equity (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | ||
Preferred Stock | ' | ' |
Shares authorized | 5,000,000 | ' |
Par value (in dollars per share) | $0.01 | ' |
Shares issued | 0 | 0 |
Shares outstanding | 0 | 0 |
Common Stock | ' | ' |
Shares authorized | 200,000,000 | 200,000,000 |
Shares issued | 22,223,454 | 22,130,996 |
Shares outstanding | 22,223,454 | 22,130,996 |
Par value (in dollars per share) | $0.01 | $0.01 |
Number of votes per share | 1 | ' |
Valuation_and_qualifying_accou2
Valuation and qualifying accounts (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for doubtful accounts | ' | ' | ' |
Valuation and qualifying accounts | ' | ' | ' |
Balance at the beginning of the year | $600 | $1,247 | $1,200 |
Additions charged to earnings | 329 | 259 | 1,106 |
Changes to net | 122 | -906 | -1,059 |
Balance at the end of the year | 1,051 | 600 | 1,247 |
Reserves for inventory | ' | ' | ' |
Valuation and qualifying accounts | ' | ' | ' |
Balance at the beginning of the year | 1,199 | 1,288 | 1,404 |
Additions charged to earnings | 757 | 715 | 1,080 |
Changes to net | -357 | -804 | -1,196 |
Balance at the end of the year | 1,599 | 1,199 | 1,288 |
Valuation of deferred tax assets | ' | ' | ' |
Valuation and qualifying accounts | ' | ' | ' |
Balance at the beginning of the year | 1,374 | 830 | 877 |
Changes to net | 21 | 544 | -47 |
Balance at the end of the year | $1,395 | $1,374 | $830 |
Changes_in_Accumulated_Other_C2
Changes in Accumulated Other Comprehensive Loss by Component (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Changes to accumulated other comprehensive loss by component | ' |
Balance at the beginning of the period | ($7,084) |
Other comprehensive gain (loss) before reclassifications | 5,197 |
Amounts reclassified from accumulated other comprehensive loss | 1,025 |
Balance at the end of the period | -862 |
Unrealized Net Loss on Interest Rate Swap | ' |
Changes to accumulated other comprehensive loss by component | ' |
Balance at the beginning of the period | -344 |
Other comprehensive gain (loss) before reclassifications | -22 |
Amounts reclassified from accumulated other comprehensive loss | 182 |
Balance at the end of the period | -184 |
Retiree Health Benefit Obligation | ' |
Changes to accumulated other comprehensive loss by component | ' |
Balance at the beginning of the period | 1,063 |
Other comprehensive gain (loss) before reclassifications | 1,066 |
Amounts reclassified from accumulated other comprehensive loss | 105 |
Balance at the end of the period | 2,234 |
Pension Obligation | ' |
Changes to accumulated other comprehensive loss by component | ' |
Balance at the beginning of the period | -7,803 |
Other comprehensive gain (loss) before reclassifications | 4,154 |
Amounts reclassified from accumulated other comprehensive loss | 737 |
Balance at the end of the period | ($2,912) |
Changes_in_Accumulated_Other_C3
Changes in Accumulated Other Comprehensive Loss by Component (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amounts reclassified from accumulated other comprehensive loss: | ' | ' | ' |
Interest expense, net | $8,328 | $8,393 | $8,918 |
Tax benefit | 7,378 | 4,144 | 11,332 |
Reclassification net of tax | -11,460 | -5,943 | -18,807 |
Other Postretirement Benefit Liability | Amount reclassified from accumulated other comprehensive income | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive loss: | ' | ' | ' |
Actuarial loss | 172 | ' | ' |
Tax benefit | -67 | ' | ' |
Reclassification net of tax | 105 | ' | ' |
Pension Liability | Amount reclassified from accumulated other comprehensive income | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive loss: | ' | ' | ' |
Actuarial loss | 1,205 | ' | ' |
Tax benefit | -468 | ' | ' |
Reclassification net of tax | 737 | ' | ' |
Realized losses on cash flow hedges | Interest rate swap | Amount reclassified from accumulated other comprehensive income | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive loss: | ' | ' | ' |
Interest expense, net | 297 | ' | ' |
Tax benefit | -115 | ' | ' |
Reclassification net of tax | $182 | ' | ' |
Quarterly_Financial_Informatio2
Quarterly Financial Information (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information (Unaudited) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $72,997 | $52,026 | $55,156 | $14,141 | $28,200 | $37,774 | $65,499 | $8,560 | $194,320 | $140,033 | $208,798 |
Gross profit | 27,402 | 15,044 | 18,878 | 4,326 | 7,517 | 11,566 | 23,060 | 1,820 | 65,650 | 43,963 | 71,817 |
Income (loss) before taxes | 14,605 | 694 | 9,261 | -5,543 | -419 | 3,091 | 13,719 | -6,235 | 19,017 | 10,156 | 30,372 |
Net income (loss) | $8,531 | $603 | $5,909 | ($3,404) | ($1,038) | $2,346 | $8,972 | ($4,268) | $11,639 | $6,012 | $19,040 |
Basic net earnings (loss) per common share attributable to common shareholders (in dollars per share) | $0.38 | $0.03 | $0.26 | ($0.15) | ($0.05) | $0.11 | $0.41 | ($0.19) | $0.52 | $0.27 | $0.87 |
Earnings (loss) per common share assuming dilution attributable to common shareholders (in dollars per share) | $0.38 | $0.02 | $0.26 | ($0.15) | ($0.05) | $0.10 | $0.40 | ($0.19) | $0.51 | $0.26 | $0.85 |
Cash dividends declared per share (in dollars per share) | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.84 | $0.82 | $1.18 |
Cash dividends paid per share (in dollars per share) | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.84 | $0.82 | $1.18 |