Haverty Furniture Companies (HVT) 10-Q 5 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013	Oct. 31, 2013
		Common Stock [Member]	Class A Common Stock [Member]
Entity Information [Line Items]	'	'	'
Entity Registrant Name	'HAVERTY FURNITURE COMPANIES INC	'	'
Entity Central Index Key	'0000216085	'	'
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 Common Stock, Shares Outstanding	'	20,085,239	2,428,055
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'Q3	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Sep-13	'	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$72,078	$53,550
Restricted cash and cash equivalents	7,016	7,013
Accounts receivable	8,102	9,710
Inventories	91,600	96,902
Prepaid expenses	7,298	9,532
Other current assets	4,052	3,187
Total current assets	190,146	179,894
Accounts receivable, long-term	845	814
Property and equipment	191,491	193,085
Deferred income taxes	23,823	24,366
Other assets	4,243	3,937
Total assets	410,548	402,096
Current liabilities	'	'
Accounts payable	20,281	28,178
Customer deposits	23,045	20,963
Accrued liabilities	35,312	33,272
Deferred income taxes	6,601	6,595
Current portion of lease obligations	928	881
Total current liabilities	86,167	89,889
Lease obligations, less current portion	16,451	18,473
Other liabilities	27,006	34,306
Commitments	0	0
Total liabilities	129,624	142,668
Capital Stock, par value $1 per share	'	'
Preferred Stock, Authorized - 1,000 shares; Issued: None	'	'
Additional paid-in capital	75,042	73,803
Retained earnings	273,330	254,310
Accumulated other comprehensive loss	-22,494	-23,378
Less treasury stock at cost - Common Stock (2013 - 7,731 ; 2012 - 7,741) and Convertible Class A Common Stock (2013 and 2012 - 522 shares)	-75,720	-75,816
Total stockholders' equity	280,924	259,428
Total liabilities and stockholders' equity	410,548	402,096
Common Stock [Member]	'	'
Capital Stock, par value $1 per share	'	'
Common Stock	27,816	27,212
Convertible Class A Common Stock [Member]	'	'
Capital Stock, par value $1 per share	'	'
Common Stock	$2,950	$3,297

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Per Share data, unless otherwise specified
Stockholders' equity	'	'
Preferred Stock, par value (in dollars per share)	$1	$1
Preferred Stock, shares authorized (in shares)	1,000	1,000
Preferred Stock, shares issued (in shares)	0	0
Common Stock, par value (in dollars per share)	$1	$1
Common Stock [Member]	'	'
Stockholders' equity	'	'
Common Stock, shares authorized (in shares)	50,000	50,000
Common Stock, shares issued (in shares)	27,816	27,212
Treasury stock, Common stock shares (in shares)	7,731	7,741
Convertible Class A Common Stock [Member]	'	'
Stockholders' equity	'	'
Common Stock, shares authorized (in shares)	15,000	15,000
Common Stock, shares issued (in shares)	2,950	3,297
Treasury stock, Common stock shares (in shares)	522	522

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]	'	'	'	'
Net sales	$192,722	$172,677	$549,926	$487,766
Cost of goods sold	88,845	82,004	254,430	232,002
Gross profit	103,877	90,673	295,496	255,764
Credit service charges	78	69	240	216
Gross profit and other revenue	103,955	90,742	295,736	255,980
Expenses:	'	'	'	'
Selling, general and administrative	88,286	85,082	258,145	242,728
Interest, net	282	154	837	473
Provision for doubtful accounts	51	30	96	101
Other (income) expense, net	-52	-160	-46	-745
Total expenses	88,567	85,106	259,032	242,557
Income before income taxes	15,388	5,636	36,704	13,423
Income tax expense	5,894	2,322	14,120	5,291
Net income	$9,494	$3,314	$22,584	$8,132
Common Stock [Member]	'	'	'	'
Basic earnings per share:	'	'	'	'
Common Stock (in dollars per share)	$0.42	$0.15	$1.01	$0.37
Diluted earnings per share:	'	'	'	'
Common Stock (in dollars per share)	$0.42	$0.15	$0.99	$0.36
Basic weighted average common shares outstanding:	'	'	'	'
Common Stock (in shares)	20,047	19,163	19,786	19,018
Diluted weighted average common shares outstanding:	'	'	'	'
Common Stock (in shares)	22,855	22,371	22,783	22,319
Cash dividends per share:	'	'	'	'
Common Stock (in dollars per share)	$0.08	$0.04	$0.16	$0.08
Class A Common Stock [Member]	'	'	'	'
Basic earnings per share:	'	'	'	'
Common Stock (in dollars per share)	$0.40	$0.14	$0.96	$0.35
Diluted earnings per share:	'	'	'	'
Common Stock (in dollars per share)	$0.40	$0.14	$0.95	$0.35
Basic weighted average common shares outstanding:	'	'	'	'
Common Stock (in shares)	2,455	2,887	2,606	2,986
Diluted weighted average common shares outstanding:	'	'	'	'
Common Stock (in shares)	2,455	2,887	2,606	2,986
Cash dividends per share:	'	'	'	'
Common Stock (in dollars per share)	$0.08	$0.04	$0.15	$0.08

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]	'	'	'	'
Net income	$9,494	$3,314	$22,584	$8,132
Defined benefit pension plans:	'	'	'	'
Amortization of prior service cost	33	53	97	157
Amortization of net loss	255	425	787	1,405
Other	0	17	0	117
Total other comprehensive income	288	495	884	1,679
Comprehensive income	$9,782	$3,809	$23,468	$9,811

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash Flows from Operating Activities:	'	'
Net income	$22,584	$8,132
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	15,811	14,334
Share-based compensation expense	2,682	1,944
Provision for doubtful accounts	96	101
Other	394	534
Changes in operating assets and liabilities:	'	'
Accounts receivable	1,481	1,706
Inventories	5,302	8,914
Customer deposits	2,082	7,104
Other assets and liabilities	-3,538	-1,647
Accounts payable and accrued liabilities	-5,857	7,193
Net cash provided by operating activities	41,037	48,315
Cash Flows from Investing Activities:	'	'
Capital expenditures	-16,720	-20,166
Other	7	244
Net cash used in investing activities	-16,713	-19,922
Cash Flows from Financing Activities:	'	'
Payments on lease obligations	-643	-553
Dividends paid	-3,564	-1,750
Proceeds from exercise of stock options	872	84
Taxes on vested restricted shares	-2,461	-515
Treasury stock acquired	0	-218
Net cash used in financing activities	-5,796	-2,952
Increase in cash and cash equivalents during the period	18,528	25,441
Cash and cash equivalents at beginning of period	53,550	49,585
Cash and cash equivalents at end of period	$72,078	$75,026

Business_and_Reporting_Policie

Business and Reporting Policies	9 Months Ended
	Sep. 30, 2013
Business and Reporting Policies [Abstract]	'
Business and Reporting Policies	'
	NOTE A – Business and Reporting Policies
	Haverty Furniture Companies, Inc. ("Havertys," "the Company," "we," "our," or "us") is a retailer of a broad line of residential furniture in the middle to upper-middle price ranges. We operate all of our stores using the Havertys brand and do not franchise our concept. We operate in one reportable segment, home furnishings retailing. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all information and footnotes required by U.S. generally accepted accounting principles ("U.S. GAAP") for complete financial statements. The financial statements include the accounts of the Company and its wholly-owned subsidiary.  All significant intercompany accounts and transactions have been eliminated in consolidation. We believe all adjustments, normal and recurring in nature, considered necessary for a fair presentation have been included.
	The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results could differ from those estimates.
	The Company is subject to various claims and legal proceedings covering a wide range of matters that arise in the ordinary course of its business activities.  We believe that any liability that may ultimately result from the resolution of these matters will not have a material adverse effect on our financial condition, results of operations or cash flows.
	Changes to U.S. GAAP are established by the Financial Accounting Standards Board (FASB) in the form of accounting standards updates (ASU's) to the FASB's Accounting Standards Codification. The Company considers the applicability and impact of all ASU's. Newly effective ASU's not noted herein were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations.
	Effective January 1, 2013, the Company adopted ASU No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." The adoption of ASU 2013-02 concerns presentation and disclosure only and did not have an impact on the Company's consolidated financial position or results of operations.
	In the first quarter of 2013, we recorded an out-of-period adjustment related to our historical accrual process for certain vendors' pricing allowances.  The non-cash adjustment increased gross profit by $0.8 million or $0.02 per diluted share after tax for the nine months ended September 30, 2013.  After evaluating the quantitative and qualitative aspects of this correction, management has determined that our previously issued quarterly and annual consolidated financial statements were not materially misstated and that the out-of-period adjustment is immaterial to our estimated full year 2013 results and to our earnings' trends.
	For further information, refer to the consolidated financial statements and footnotes thereto included in Havertys' Annual Report on Form 10-K for the year ended December 31, 2012.

Restricted_Cash_and_Cash_Equiv

Restricted Cash and Cash Equivalents	9 Months Ended
	Sep. 30, 2013
Restricted Cash and Cash Equivalents [Abstract]	'
Restricted Cash and Cash Equivalents	'
	NOTE B – Restricted Cash and Cash Equivalents
	Our insurance carrier requires us to collateralize a portion of our workers' compensation obligations. These escrowed funds are shown as restricted cash and cash equivalents on our consolidated balance sheet and are investments in money market funds held by an agent.  The annual agreement with our carrier governing these funds expires on December 31, 2013.

Accounts_Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2013
Accounts Receivable [Abstract]	'
Accounts Receivable	'
	NOTE C – Accounts Receivable
	Amounts financed under our in-house credit programs were, as a percent of net sales, approximately 3.9% and 5.0% during the first nine months of 2013 and 2012, respectively. The credit program selected most often by our customers is "12 months no interest with equal monthly payments."  The terms of the other programs vary as to payment terms (30 days to three years) and interest rates (0% to 21%).  The receivables are collateralized by the merchandise sold.
	Accounts receivable balances resulting from certain credit promotions have scheduled payment amounts which extend beyond one year. These receivable balances have been historically collected earlier than the scheduled dates. The amounts due per the scheduled payment dates approximate as follows: $8.4 million in one year, $0.8 million in two years, $0.1 million beyond two years for receivables outstanding at September 30, 2013.
	Accounts receivable are shown net of the allowance for doubtful accounts of $0.4 million at September 30, 2013 and December 31, 2012. We provide an allowance utilizing a methodology which considers the balances in problem and delinquent categories of accounts, historical write-offs, existing economic conditions and management judgment. Interest assessments are continued on past-due accounts but no "interest on interest" is recorded. Delinquent accounts are generally written off automatically after the passage of nine months without receiving a full scheduled monthly payment. Accounts are written off sooner in the event of a discharged bankruptcy or other circumstances that make further collections unlikely.
	We believe that the carrying value of existing customer receivables, net of allowances, approximates fair value because of their short average maturity. Concentrations of credit risk with respect to customer receivables are limited due to the large number of customers comprising our account base and their dispersion across 16 states.

Interim_LIFO_Calculations

Interim LIFO Calculations	9 Months Ended
	Sep. 30, 2013
Interim LIFO Calculations [Abstract]	'
Interim LIFO Calculations	'
	NOTE D – Interim LIFO Calculations
	An actual valuation of inventory under the LIFO method can be made only at the end of each year based on actual inventory levels. Accordingly, interim LIFO calculations must necessarily be based on management's estimates. Since these estimates may be affected by factors beyond management's control, interim results are subject to change based upon the final year-end LIFO inventory valuations.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2013
Accumulated Other Comprehensive Loss [Abstract]	'
Accumulated Other Comprehensive Loss	'
	NOTE E – Accumulated Other Comprehensive Loss
	The following summarizes the change in balance and the reclassification from Accumulated Other Comprehensive Loss to the Condensed Consolidated Statement of Income (amounts in thousands):
		Three Months			Nine Months
		Ended			Ended
		30-Sep-13			30-Sep-13
	Beginning balance	$	(22,782	)	$	(23,378	)
	Amortization of defined benefit pension items:
	Prior service costs		53			157
	Actuarial loss		417			1,273
			470			1,430
	Tax		(182	)		(546	)
	Total amount reclassified from accumulated other comprehensive loss		288			884
	Ending balance	$	(22,494	)	$	(22,494	)
	The pension items noted above are included in the components of net periodic cost for pension plans (see Note H).

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	NOTE F – Income Taxes
	Our tax provision for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a year to date adjustment.
	Our effective tax rates for the nine months ended September 30, 2013 and 2012 were 38.5% and 39.4%, respectively.  The primary difference in the effective rate and the statutory rate is due to state income taxes.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2013
Fair Value of Financial Instruments [Abstract]	'
Fair Value of Financial Instruments	'
	NOTE G – Fair Value of Financial Instruments
	The fair values of our cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable and customer deposits approximate their carrying values due to their short-term nature. The assets related to our self-directed, non-qualified deferred compensation plans for certain executives and employees are valued using quoted market prices multiplied by the number of shares held, a Level 1 valuation technique. The assets related to our deferred compensation plans totaled approximately $1.9 million at September 30, 2013 and $1.5 million at  December 31, 2012 and are included in other assets.  The related liability of the same amount is included in other liabilities.

Pension_Plans

Pension Plans	9 Months Ended
	Sep. 30, 2013
Pension Plans [Abstract]	'
Pension Plans	'
	NOTE H – Pension Plans
	We have a defined benefit pension plan covering substantially all employees hired on or before December 31, 2005.  The pension plan was closed to any employee hired after that date.  The benefits are based on years of service and the employee's final average compensation.  Effective January 1, 2007, no new benefits are earned under this plan for additional years of service after December 31, 2006.
	We also have a non-qualified, non-contributory supplemental executive retirement plan (SERP) for employees whose retirement benefits are reduced due to their annual compensation levels.  The SERP limits the total amount of annual retirement benefits that may be paid to a participant in the SERP from all sources (Retirement Plan, Social Security and the SERP) to $125,000.  The SERP is not funded so we pay benefits directly to participants.
	Net pension costs included the following components (in thousands):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Service cost-benefits earned during period	$	46		$	11		$	100		$	73
	Interest cost on projected benefit obligations		899			940			2,653			2,826
	Expected return on plan assets		(1,225	)		(1,119	)		(3,711	)		(3,355	)
	Amortization of prior service costs		53			53			157			157
	Amortization of actuarial loss		417			425			1,273			1,405
	Net pension costs	$	190		$	310		$	472		$	1,106

Stock_Based_Compensation_Plans

Stock Based Compensation Plans	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation Plans [Abstract]	'
Stock Based Compensation Plans	'
	NOTE I – Stock Based Compensation Plans:
	As more fully discussed in Note 11 of the notes to the consolidated financial statements in our 2012 Annual Report on Form 10-K, we have options and awards outstanding for Common Stock under two stock-based employee compensation plans.
	The following table summarizes our share option and award activity during the nine months ended September 30, 2013:
		Restricted Stock Awards					Stock-Settled					Options
							Appreciation Rights
		Shares or Units			Weighted-Average		Rights			Weighted-Average		Shares			Weighted-Average
					Award Price					Award Price					Exercise Price
	Outstanding at December 31, 2012		555,925		$	12.28		121,749		$	8.85		50,000		$	20.56
	Granted		162,150			18.15		112,000			18.14		—			—
	Exercised or restrictions lapsed		(277,975	)		12.24		(80,049	)		8.92		(48,000	)	$	20.75
	Forfeited or expired (options)		(2,350	)		14.56		—			—		(2,000	)	$	15.9
	Outstanding at September 30, 2013		437,750			14.46		153,700			15.58
	Exercisable at September 30, 2013		—			—		41,700			8.72
	Grants of restricted common stock and stock-settled appreciation rights are made to certain officers and key employees under the 2004 LTIP Plan. The restrictions on the awards generally lapse annually, primarily over four year periods. The compensation is being charged to selling, general and administrative expense over the respective grants' vesting periods, primarily on a straight-line basis.  Stock based compensation expense for the nine months ended September 30 was approximately $2.7 million in 2013 and $1.9 million in 2012. The aggregate intrinsic value of outstanding restricted common stock grants was $10.7 million at September 30, 2013. The aggregate intrinsic value of vested and outstanding stock-settled appreciation rights at September 30, 2013 was approximately $0.7 million and $1.4 million, respectively.
	As of September 30, 2013, the remaining unamortized compensation cost related to unvested equity awards was approximately $5.1 million and scheduled to be recognized over a weighted-average period of 2.7 years.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	NOTE J – Earnings Per Share
	We report our earnings per share using the two-class method.  The income per share for each class of common stock is calculated assuming 100% of our earnings are distributed as dividends to each class of common stock based on their contractual rights.
	The Common Stock of the Company has a preferential dividend rate of at least 105% of the dividend paid on the Class A Common Stock. The Class A Common Stock, which has ten votes per share as opposed to one vote per share for the Common Stock (on all matters other than the election of directors), may be converted at any time on a one-for-one basis into Common Stock at the option of the holder of the Class A Common Stock.
	The following is a reconciliation of the earnings and number of shares used in calculating the diluted earnings per share for Common Stock and Class A Common Stock (in thousands):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Numerator:
	Common:
	Distributed earnings	$	1,603	$	766	$	3,180	$	1,528
	Undistributed earnings		6,901		2,134		16,900		5,552
	Basic		8,504		2,900		20,080		7,080
	Class A Common earnings		990		414		2,504		1,052
	Diluted	$	9,494	$	3,314	$	22,584	$	8,132
	Class A Common:
	Distributed earnings	$	185	$	108	$	384	$	222
	Undistributed earnings		805		306		2,120		830
		$	990	$	414	$	2,504	$	1,052
	Denominator:
	Common:
	Weighted average shares outstanding - basic		20,047		19,163		19,786		19,018
	Assumed conversion of Class A Common Stock		2,455		2,887		2,606		2,986
	Dilutive options, awards and common stock equivalents		353		321		391		315
	Total weighted-average diluted Common Stock		22,855		22,371		22,783		22,319
	Class A Common:
	Weighted average shares outstanding		2,455		2,887		2,606		2,986
	Antidilutive shares excluded from the denominator due to the options' exercise prices being greater than the average market price		—		291		—		292

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2013
Accumulated Other Comprehensive Loss [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss)	'
	The following summarizes the change in balance and the reclassification from Accumulated Other Comprehensive Loss to the Condensed Consolidated Statement of Income (amounts in thousands):
		Three Months			Nine Months
		Ended			Ended
		30-Sep-13			30-Sep-13
	Beginning balance	$	(22,782	)	$	(23,378	)
	Amortization of defined benefit pension items:
	Prior service costs		53			157
	Actuarial loss		417			1,273
			470			1,430
	Tax		(182	)		(546	)
	Total amount reclassified from accumulated other comprehensive loss		288			884
	Ending balance	$	(22,494	)	$	(22,494	)

Pension_Plans_Tables

Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Pension Plans [Abstract]	'
Net Pension Costs	'
	Net pension costs included the following components (in thousands):
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
	Service cost-benefits earned during period	$	46		$	11		$	100		$	73
	Interest cost on projected benefit obligations		899			940			2,653			2,826
	Expected return on plan assets		(1,225	)		(1,119	)		(3,711	)		(3,355	)
	Amortization of prior service costs		53			53			157			157
	Amortization of actuarial loss		417			425			1,273			1,405
	Net pension costs	$	190		$	310		$	472		$	1,106

Stock_Based_Compensation_Plans1

Stock Based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation Plans [Abstract]	'
Share Option and Award Activity	'
	The following table summarizes our share option and award activity during the nine months ended September 30, 2013:
		Restricted Stock Awards					Stock-Settled					Options
							Appreciation Rights
		Shares or Units			Weighted-Average		Rights			Weighted-Average		Shares			Weighted-Average
					Award Price					Award Price					Exercise Price
	Outstanding at December 31, 2012		555,925		$	12.28		121,749		$	8.85		50,000		$	20.56
	Granted		162,150			18.15		112,000			18.14		—			—
	Exercised or restrictions lapsed		(277,975	)		12.24		(80,049	)		8.92		(48,000	)	$	20.75
	Forfeited or expired (options)		(2,350	)		14.56		—			—		(2,000	)	$	15.9
	Outstanding at September 30, 2013		437,750			14.46		153,700			15.58
	Exercisable at September 30, 2013		—			—		41,700			8.72

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Reconciliation of Earnings (Loss) and Number of Shares Used in Calculating Diluted Earnings (Loss) Per Share	'
	The following is a reconciliation of the earnings and number of shares used in calculating the diluted earnings per share for Common Stock and Class A Common Stock (in thousands):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Numerator:
	Common:
	Distributed earnings	$	1,603	$	766	$	3,180	$	1,528
	Undistributed earnings		6,901		2,134		16,900		5,552
	Basic		8,504		2,900		20,080		7,080
	Class A Common earnings		990		414		2,504		1,052
	Diluted	$	9,494	$	3,314	$	22,584	$	8,132
	Class A Common:
	Distributed earnings	$	185	$	108	$	384	$	222
	Undistributed earnings		805		306		2,120		830
		$	990	$	414	$	2,504	$	1,052
	Denominator:
	Common:
	Weighted average shares outstanding - basic		20,047		19,163		19,786		19,018
	Assumed conversion of Class A Common Stock		2,455		2,887		2,606		2,986
	Dilutive options, awards and common stock equivalents		353		321		391		315
	Total weighted-average diluted Common Stock		22,855		22,371		22,783		22,319
	Class A Common:
	Weighted average shares outstanding		2,455		2,887		2,606		2,986
	Antidilutive shares excluded from the denominator due to the options' exercise prices being greater than the average market price		—		291		—		292

Business_and_Reporting_Policie1

Business and Reporting Policies (Details) (USD $)	9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2013
	Segment
Business and Reporting Policies [Abstract]	'
Number of reportable segments	1
Increase in gross profit due to out of period adjustment	$0.80
Increase (decrease) in gross profit due to out of period adjustment (in dollars per share)	$0.02

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012
	State
Accounts Receivable [Abstract]	'	'	'
Percentage of amounts financed under in-house credit programs, as a percent of net sales (in hundredths)	3.90%	'	5.00%
Duration of no interest credit programs	'12 months	'	'
Term of other programs, minimum	'30 days	'	'
Term of other programs, maximum	'3 years	'	'
Interest rate of other programs, minimum (in hundredths)	0.00%	'	'
Interest rate of other programs, maximum (in hundredths)	21.00%	'	'
Accounts receivable due per scheduled payment [Abstract]	'	'	'
Accounts receivables collectible in one year	$8.40	'	'
Accounts receivables collectible in two years	0.8	'	'
Accounts receivables collectible beyond two years	0.1	'	'
Allowance for doubtful accounts	$0.40	$0.40	'
Number of states in which accounts receivable originated	16	'	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Accumulated Other Comprehensive Loss [Abstract]	'	'
Beginning balance	($22,782)	($23,378)
Amortization of defined benefit pension items [Abstract]	'	'
Prior service costs	53	157
Actuarial loss	417	1,273
Amortization of defined benefit pension items	470	1,430
Tax	-182	-546
Total amount reclassified from accumulated other comprehensive loss	288	884
Ending balance	($22,494)	($22,494)

Income_Taxes_Details

Income Taxes (Details)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Income Taxes [Abstract]	'	'
Effective tax rate (in hundredths)	38.50%	39.40%

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Details) (Level 1 [Member], USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Level 1 [Member]	'	'
Assets [Abstract]	'	'
Deferred compensation plans	$1.90	$1.50

Pension_Plans_Details

Pension Plans (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net pension cost [Abstract]	'	'	'	'
Amortization of prior service costs	($33,000)	($53,000)	($97,000)	($157,000)
Pension Plans [Member]	'	'	'	'
Net pension cost [Abstract]	'	'	'	'
Service cost-benefits earned during period	46,000	11,000	100,000	73,000
Interest cost on projected benefit obligations	899,000	940,000	2,653,000	2,826,000
Expected return on plan assets	-1,225,000	-1,119,000	-3,711,000	-3,355,000
Amortization of prior service costs	53,000	53,000	157,000	157,000
Amortization of actuarial loss	417,000	425,000	1,273,000	1,405,000
Net pension costs	190,000	310,000	472,000	1,106,000
Supplemental Executive Retirement Plan [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Maximum amount of annual retirement benefits	'	'	$125,000	'

Stock_Based_Compensation_Plans2

Stock Based Compensation Plans (Details) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
	Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Number of compensation plans	2	'
Shares [Roll Forward]	'	'
Outstanding, beginning balance (in shares)	50,000	'
Granted (in shares)	0	'
Exercised or restrictions lapsed (in shares)	-48,000	'
Forfeited or expired (options) (in shares)	-2,000	'
Weighted-Average Exercise Price [Roll Forward]	'	'
Outstanding, beginning balance (in dollars per share)	$20.56	'
Granted (in dollars per share)	$0	'
Exercised or restrictions lapsed (in dollars per share)	$20.75	'
Forfeited or expired (options) (in dollars per share)	$15.90	'
Period of restrictions over awards	'4 years	'
Compensation expense	$2.70	$1.90
Total compensation cost related to unvested equity awards	5.1	'
Weighted-average period of recognition of cost	'2 years 8 months 12 days	'
Restricted Stock Award [Member]	'	'
Shares or Units and Rights [Roll Forward]	'	'
Outstanding, beginning balance (in shares)	555,925	'
Granted (in shares)	162,150	'
Exercised or restrictions lapsed (in shares)	-277,975	'
Forfeited or expired (options) (in shares)	-2,350	'
Outstanding, ending balance (in shares)	437,750	'
Exercisable, ending balance (in shares)	0	'
Weighted-Average Award Price [Roll Forward]	'	'
Outstanding, beginning balance (in dollars per share)	$12.28	'
Granted (in dollars per share)	$18.15	'
Exercised or restrictions lapsed (in dollars per share)	$12.24	'
Forfeited or expired (options) (in dollars per share)	$14.56	'
Outstanding, ending balance (in dollars per share)	$14.46	'
Exercisable, ending balance (in dollars per share)	$0	'
Weighted-Average Exercise Price [Roll Forward]	'	'
Aggregate intrinsic value of outstanding awards	10.7	'
Stock-Settled Appreciation Rights [Member]	'	'
Shares or Units and Rights [Roll Forward]	'	'
Outstanding, beginning balance (in shares)	121,749	'
Granted (in shares)	112,000	'
Exercised or restrictions lapsed (in shares)	-80,049	'
Forfeited or expired (options) (in shares)	0	'
Outstanding, ending balance (in shares)	153,700	'
Exercisable, ending balance (in shares)	41,700	'
Weighted-Average Award Price [Roll Forward]	'	'
Outstanding, beginning balance (in dollars per share)	$8.85	'
Granted (in dollars per share)	$18.14	'
Exercised or restrictions lapsed (in dollars per share)	$8.92	'
Forfeited or expired (options) (in dollars per share)	$0	'
Outstanding, ending balance (in dollars per share)	$15.58	'
Exercisable, ending balance (in dollars per share)	$8.72	'
Weighted-Average Exercise Price [Roll Forward]	'	'
Aggregate intrinsic value of outstanding awards	1.4	'
Aggregate intrinsic value of vested awards	$0.70	'

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Percentage of earnings or losses assumed in calculation (in hundredths)	100.00%	'	100.00%	'
Preferential dividend rate of dividend paid on Class A Common Stock (in hundredths)	105.00%	'	105.00%	'
Denominator [Abstract]	'	'	'	'
Antidilutive shares excluded from the denominator due to the options exercise prices being greater than the average market price	0	291	0	292
Common Stock [Member]	'	'	'	'
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Number of votes per share	1	'	1	'
Numerator [Abstract]	'	'	'	'
Distributed earnings	1,603	766	3,180	1,528
Undistributed earnings	6,901	2,134	16,900	5,552
Basic	8,504	2,900	20,080	7,080
Class A Common earnings (loss)	990	414	2,504	1,052
Diluted	9,494	3,314	22,584	8,132
Denominator [Abstract]	'	'	'	'
Weighted average shares outstanding - basic (in shares)	20,047	19,163	19,786	19,018
Assumed conversion of Class A Common Stock (in shares)	2,455	2,887	2,606	2,986
Dilutive options, awards and common stock equivalents (in shares)	353	321	391	315
Total weighted-average diluted Common Stock (in shares)	22,855	22,371	22,783	22,319
Class A Common [Member]	'	'	'	'
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]	'	'	'	'
Number of votes per share	10	'	10	'
Numerator [Abstract]	'	'	'	'
Distributed earnings	185	108	384	222
Undistributed earnings	805	306	2,120	830
Class A Common earnings (loss)	990	414	2,504	1,052
Denominator [Abstract]	'	'	'	'
Weighted average shares outstanding - basic (in shares)	2,455	2,887	2,606	2,986
Total weighted-average diluted Common Stock (in shares)	2,455	2,887	2,606	2,986
Weighted average shares outstanding (in shares)	2,455	2,887	2,606	2,986