Haverty Furniture Companies (HVT) 10-Q 6 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014	Jul. 31, 2014
		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	'	20,531,215	2,154,000
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q2	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Jun-14	'	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$87,843	$83,185
Restricted cash and cash equivalents	8,017	7,016
Accounts receivable	6,730	8,172
Inventories	94,799	91,483
Prepaid expenses	7,983	6,494
Other current assets	2,299	4,349
Total current assets	207,671	200,699
Accounts receivable, long-term	709	832
Property and equipment	203,643	189,242
Deferred income taxes	13,153	13,253
Other assets	15,116	13,829
Total assets	440,292	417,855
Current liabilities	'	'
Accounts payable	19,385	21,810
Customer deposits	27,277	19,008
Accrued liabilities	30,746	36,338
Current portion of lease obligations	1,537	959
Total current liabilities	78,945	78,115
Lease obligations, less current portion	29,353	16,196
Other liabilities	26,072	25,280
Commitments	'	'
Total liabilities	134,370	119,591
Capital Stock, par value $1 per share	'	'
Preferred Stock, Authorized - 1,000 shares; Issued: None	'	'
Additional paid-in capital	77,289	77,406
Retained earnings	288,586	281,222
Accumulated other comprehensive loss	-15,250	-15,412
Less treasury stock at cost - Common Stock (2014 - 7,722; 2013 - 7,731) and Convertible Class A Common Stock (2014 and 2013 - 522)	-75,632	-75,720
Total stockholders' equity	305,922	298,264
Total liabilities and stockholders' equity	440,292	417,855
Common Stock [Member]	'	'
Capital Stock, par value $1 per share	'	'
Common Stock	28,253	27,853
Convertible Class A Common Stock [Member]	'	'
Capital Stock, par value $1 per share	'	'
Common Stock	$2,676	$2,915

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
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)	28,253	27,853
Treasury stock, Common stock shares (in shares)	7,722	7,731
Convertible Class A Common Stock [Member]	'	'
Stockholders' equity	'	'
Common Stock, shares authorized (in shares)	15,000	15,000
Common Stock, shares issued (in shares)	2,676	2,915
Treasury stock, Common stock shares (in shares)	522	522

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]	'	'	'	'
Net sales	$175,132	$171,114	$356,869	$357,204
Cost of goods sold	80,988	79,803	164,863	165,585
Gross profit	94,144	91,311	192,006	191,619
Credit service charges	71	76	151	162
Gross profit and other revenue	94,215	91,387	192,157	191,781
Expenses:	'	'	'	'
Selling, general and administrative	86,266	83,197	173,940	169,859
Interest, net	218	277	490	555
Provision for doubtful accounts	85	32	133	45
Other (income) expense, net	-166	15	-174	6
Total expenses	86,403	83,521	174,389	170,465
Income before income taxes	7,812	7,866	17,768	21,316
Income tax expense	2,983	3,036	6,810	8,226
Net income	$4,829	$4,830	$10,958	$13,090
Common Stock [Member]	'	'	'	'
Basic earnings per share:	'	'	'	'
Common Stock (in dollars per share)	$0.21	$0.22	$0.49	$0.59
Diluted earnings per share:	'	'	'	'
Common Stock (in dollars per share)	$0.21	$0.21	$0.48	$0.58
Basic weighted average shares outstanding:	'	'	'	'
Common Stock (in shares)	20,454	19,807	20,307	19,654
Diluted weighted average shares outstanding:	'	'	'	'
Common Stock (in shares)	22,940	22,791	22,934	22,754
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)	$0.20	$0.20	$0.46	$0.56
Diluted earnings per share:	'	'	'	'
Common Stock (in dollars per share)	$0.20	$0.20	$0.46	$0.55
Basic weighted average shares outstanding:	'	'	'	'
Common Stock (in shares)	2,162	2,614	2,259	2,682
Diluted weighted average shares outstanding:	'	'	'	'
Common Stock (in shares)	2,162	2,614	2,259	2,682
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		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]	'	'	'	'
Net income	$4,829	$4,830	$10,958	$13,090
Defined benefit pension plans:	'	'	'	'
Amortization of prior service cost	32	32	64	64
Amortization of net loss	48	266	98	532
Total other comprehensive income	80	298	162	596
Comprehensive income	$4,909	$5,128	$11,120	$13,686

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Operating Activities:	'	'
Net income	$10,958	$13,090
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	10,960	10,486
Share-based compensation expense	1,767	2,038
Provision for doubtful accounts	133	45
Other	553	448
Changes in operating assets and liabilities:	'	'
Accounts receivable	1,432	1,364
Inventories	-3,316	-836
Customer deposits	8,269	1,680
Other assets and liabilities	328	-4,267
Accounts payable and accrued liabilities	-8,017	-11,071
Net cash provided by operating activities	23,067	12,977
Cash Flows from Investing Activities:	'	'
Capital expenditures	-11,699	-10,225
Restricted cash and cash equivalents	-1,001	-2
Other	406	6
Net cash used in investing activities	-12,294	-10,221
Cash Flows from Financing Activities:	'	'
Payments on lease obligations	-462	-437
Dividends paid	-3,593	-1,776
Proceeds from exercise of stock options	0	623
Taxes on vested restricted shares	-2,060	-2,456
Net cash used in financing activities	-6,115	-4,046
Increase (decrease) in cash and cash equivalents during the period	4,658	-1,290
Cash and cash equivalents at beginning of period	83,185	53,550
Cash and cash equivalents at end of period	$87,843	$52,260

Business_and_Reporting_Policie

Business and Reporting Policies	6 Months Ended
	Jun. 30, 2014
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.
	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 six months ended June 30, 2013.  After evaluating the quantitative and qualitative aspects of this correction, management 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 full year 2013 results.
	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, 2013.

Restricted_Cash_and_Cash_Equiv

Restricted Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2014
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, 2014.

Accounts_Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2014
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 3.4% and 4.0% during the first six months of 2014 and 2013, respectively. The in-house 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: $6.7 million in one year, $0.9 million in two years, and $0.2 million beyond two years for receivables outstanding at June 30, 2014.
	Accounts receivable are shown net of the allowance for doubtful accounts of $0.4 million at June 30, 2014 and December 31, 2013. 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	6 Months Ended
	Jun. 30, 2014
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.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	NOTE E – 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 six months ended June 30, 2014 and 2013 were 38.3% and 38.6%, 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	6 Months Ended
	Jun. 30, 2014
Fair Value of Financial Instruments [Abstract]	'
Fair Value of Financial Instruments	'
	NOTE F – 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 $2.6 million at June 30, 2014 and $2.1 million at  December 31, 2013 and are included in other assets.  The related liability of the same amount is included in other liabilities.

Pension_Plans

Pension Plans	6 Months Ended
	Jun. 30, 2014
Pension Plans [Abstract]	'
Pension Plans	'
	NOTE G – 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.
	On May 13, 2014 this plan was terminated effective July 20, 2014.  The termination process is expected to take 12 to 18 months with the settlement of most of the plan's obligations by the end of 2014.
	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						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Service cost-benefits earned during period	$	31		$	27		$	62		$	54
	Interest cost on projected benefit obligations		954			877			1,908			1,754
	Expected return on plan assets		(1,214	)		(1,243	)		(2,428	)		(2,486	)
	Amortization of prior service costs		52			52			104			104
	Amortization of actuarial loss		79			428			158			856
	Net pension costs	$	(98	)	$	141		$	(196	)	$	282

Stock_Based_Compensation_Plan

Stock Based Compensation Plan	6 Months Ended
	Jun. 30, 2014
Stock Based Compensation Plan [Abstract]	'
Stock Based Compensation Plan	'
	NOTE H – Stock Based Compensation Plan
	As more fully discussed in Note 11 of the notes to the consolidated financial statements in our 2013 Annual Report on Form 10-K, we have awards outstanding for Common Stock under stock-based employee compensation plans.
	The following table summarizes our award activity during the six months ended June 30, 2014:
		Restricted Stock Awards					Stock-Settled
							Appreciation Rights
		Shares or Units			Weighted-Average		Rights			Weighted-Average
					Award Price					Award Price
	Outstanding at December 31, 2013		437,000		$	14.46		149,700		$	15.78
	Granted		146,248			28.73		—			—
	Restrictions lapsed or exercised		(235,925	)		14.01		(11,875	)		12.8
	Forfeited		(16,060	)		21.25		(6,000	)		18.14
	Outstanding at June 30, 2014		331,263		$	20.75		131,825		$	15.94
	Exercisable at June 30, 2014		—			—		53,825		$	12.75
	Grants of equity awards are made to certain officers and key employees under the 2004 and 2014 LTIP Plans. The restrictions on most of the awards generally lapse annually, primarily over four year periods. During 2014, the Company granted 39,890 awards for which the shares ultimately issued will be based upon the achievement of various performance measures.  The restricted units earned under most of these awards vest after three years. 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 six months ended June 30, 2014 was approximately $1.8 million and $2.0 million in 2013. The aggregate intrinsic value of outstanding restricted common stock grants was $8.3 million at June 30, 2014. The aggregate intrinsic value of vested and outstanding stock-settled appreciation rights at June 30, 2014 was approximately $0.7 million and $1.2 million, respectively.
	As of June 30, 2014, the remaining unamortized compensation cost related to unvested equity awards was approximately $6.1 million and scheduled to be recognized over a weighted-average period of 2.5 years.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	NOTE I – 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				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Numerator:
	Common:
	Distributed earnings	$	1,642	$	797	$	3,253	$	1,577
	Undistributed earnings		2,748		3,497		6,659		10,013
	Basic		4,390		4,294		9,912		11,590
	Class A Common earnings		439		536		1,046		1,500
	Diluted	$	4,829	$	4,830	$	10,958	$	13,090
	Class A Common:
	Distributed earnings	$	162	$	96	$	340	$	199
	Undistributed earnings		277		440		706		1,301
		$	439	$	536	$	1,046	$	1,500
	Denominator:
	Common:
	Weighted average shares outstanding - basic		20,454		19,807		20,307		19,654
	Assumed conversion of Class A Common Stock		2,162		2,614		2,259		2,682
	Dilutive options, awards and common stock equivalents		324		370		368		418
	Total weighted-average diluted Common Stock		22,940		22,791		22,934		22,754
	Class A Common:
	Weighted average shares outstanding		2,162		2,614		2,259		2,682

Pension_Plans_Tables

Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2014
Pension Plans [Abstract]	'
Net Pension Costs	'
	Net pension costs included the following components (in thousands):
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Service cost-benefits earned during period	$	31		$	27		$	62		$	54
	Interest cost on projected benefit obligations		954			877			1,908			1,754
	Expected return on plan assets		(1,214	)		(1,243	)		(2,428	)		(2,486	)
	Amortization of prior service costs		52			52			104			104
	Amortization of actuarial loss		79			428			158			856
	Net pension costs	$	(98	)	$	141		$	(196	)	$	282

Stock_Based_Compensation_Plan_

Stock Based Compensation Plan (Tables)	6 Months Ended
	Jun. 30, 2014
Stock Based Compensation Plan [Abstract]	'
Stock Award Activity	'
	The following table summarizes our award activity during the six months ended June 30, 2014:
		Restricted Stock Awards					Stock-Settled
							Appreciation Rights
		Shares or Units			Weighted-Average		Rights			Weighted-Average
					Award Price					Award Price
	Outstanding at December 31, 2013		437,000		$	14.46		149,700		$	15.78
	Granted		146,248			28.73		—			—
	Restrictions lapsed or exercised		(235,925	)		14.01		(11,875	)		12.8
	Forfeited		(16,060	)		21.25		(6,000	)		18.14
	Outstanding at June 30, 2014		331,263		$	20.75		131,825		$	15.94
	Exercisable at June 30, 2014		—			—		53,825		$	12.75

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Reconciliation of Earnings 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				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Numerator:
	Common:
	Distributed earnings	$	1,642	$	797	$	3,253	$	1,577
	Undistributed earnings		2,748		3,497		6,659		10,013
	Basic		4,390		4,294		9,912		11,590
	Class A Common earnings		439		536		1,046		1,500
	Diluted	$	4,829	$	4,830	$	10,958	$	13,090
	Class A Common:
	Distributed earnings	$	162	$	96	$	340	$	199
	Undistributed earnings		277		440		706		1,301
		$	439	$	536	$	1,046	$	1,500
	Denominator:
	Common:
	Weighted average shares outstanding - basic		20,454		19,807		20,307		19,654
	Assumed conversion of Class A Common Stock		2,162		2,614		2,259		2,682
	Dilutive options, awards and common stock equivalents		324		370		368		418
	Total weighted-average diluted Common Stock		22,940		22,791		22,934		22,754
	Class A Common:
	Weighted average shares outstanding		2,162		2,614		2,259		2,682

Business_and_Reporting_Policie1

Business and Reporting Policies (Details) (USD $)	6 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 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 $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
	State
Accounts Receivable [Abstract]	'	'	'
Percentage of amounts financed under in-house credit programs, as a percent of net sales (in hundredths)	3.40%	'	4.00%
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	$6.70	'	'
Accounts receivables collectible in two years	0.9	'	'
Accounts receivables collectible beyond two years	0.2	'	'
Allowance for doubtful accounts	$0.40	$0.40	'
Account write-off period	'9 months	'	'
Number of states in which accounts receivable originated	16	'	'

Income_Taxes_Details

Income Taxes (Details)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Abstract]	'	'
Effective tax rate (in hundredths)	38.30%	38.60%

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Details) (Level 1 [Member], USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Level 1 [Member]	'	'
Assets [Abstract]	'	'
Deferred compensation plans	$2.60	$2.10

Pension_Plans_Details

Pension Plans (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net pension cost [Abstract]	'	'	'	'
Amortization of prior service costs	($32,000)	($32,000)	($64,000)	($64,000)
Amortization of actuarial loss	-48,000	-266,000	-98,000	-532,000
Pension Plans [Member]	'	'	'	'
Net pension cost [Abstract]	'	'	'	'
Service cost-benefits earned during period	31,000	27,000	62,000	54,000
Interest cost on projected benefit obligations	954,000	877,000	1,908,000	1,754,000
Expected return on plan assets	-1,214,000	-1,243,000	-2,428,000	-2,486,000
Amortization of prior service costs	52,000	52,000	104,000	104,000
Amortization of actuarial loss	79,000	428,000	158,000	856,000
Net pension costs	-98,000	141,000	-196,000	282,000
Pension Plans [Member] | Minimum [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Duration of termination process of defined benefit pension plan	'	'	'12 months	'
Pension Plans [Member] | Maximum [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Duration of termination process of defined benefit pension plan	'	'	'18 months	'
Supplemental Executive Retirement Plan [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Maximum amount of annual retirement benefits	'	'	$125,000	'

Stock_Based_Compensation_Plan_1

Stock Based Compensation Plan (Details) (USD $)	6 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Weighted-Average Award Price [Roll Forward]	'	'
Period of restrictions over awards	'4 years	'
Compensation expense	$1.80	$2
Total compensation cost related to unvested equity awards	6.1	'
Weighted-average period of recognition of cost	'2 years 6 months	'
Restricted Stock Award [Member]	'	'
Shares or Units and Rights [Roll Forward]	'	'
Outstanding, beginning balance (in shares)	437,000	'
Granted (in shares)	146,248	'
Restrictions lapsed or exercised (in shares)	-235,925	'
Forfeited (in shares)	-16,060	'
Outstanding, ending balance (in shares)	331,263	'
Exercisable, ending balance (in shares)	0	'
Weighted-Average Award Price [Roll Forward]	'	'
Outstanding, beginning balance (in dollars per share)	$14.46	'
Granted (in dollars per share)	$28.73	'
Restrictions lapsed or exercised (in dollars per share)	$14.01	'
Forfeited (in dollars per share)	$21.25	'
Outstanding, ending balance (in dollars per share)	$20.75	'
Exercisable, ending balance (in dollars per share)	$0	'
Vesting period	'3 years	'
Aggregate intrinsic value of outstanding awards	8.3	'
Stock-Settled Appreciation Rights [Member]	'	'
Shares or Units and Rights [Roll Forward]	'	'
Outstanding, beginning balance (in shares)	149,700	'
Granted (in shares)	0	'
Restrictions lapsed or exercised (in shares)	-11,875	'
Forfeited (in shares)	-6,000	'
Outstanding, ending balance (in shares)	131,825	'
Exercisable, ending balance (in shares)	53,825	'
Weighted-Average Award Price [Roll Forward]	'	'
Outstanding, beginning balance (in dollars per share)	$15.78	'
Granted (in dollars per share)	$0	'
Restrictions lapsed or exercised (in dollars per share)	$12.80	'
Forfeited (in dollars per share)	$18.14	'
Outstanding, ending balance (in dollars per share)	$15.94	'
Exercisable, ending balance (in dollars per share)	$12.75	'
Aggregate intrinsic value of outstanding awards	1.2	'
Aggregate intrinsic value of vested awards	$0.70	'
Performance Shares [Member]	'	'
Shares or Units and Rights [Roll Forward]	'	'
Granted (in shares)	39,890	'

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
	Vote		Vote
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%	'
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	$1,642	$797	$3,253	$1,577
Undistributed earnings	2,748	3,497	6,659	10,013
Basic	4,390	4,294	9,912	11,590
Class A Common earnings (loss)	439	536	1,046	1,500
Diluted	4,829	4,830	10,958	13,090
Denominator [Abstract]	'	'	'	'
Weighted average shares outstanding - basic (in shares)	20,454	19,807	20,307	19,654
Assumed conversion of Class A Common Stock (in shares)	2,162	2,614	2,259	2,682
Dilutive options, awards and common stock equivalents (in shares)	324	370	368	418
Total weighted-average diluted Common Stock (in shares)	22,940	22,791	22,934	22,754
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	162	96	340	199
Undistributed earnings	277	440	706	1,301
Class A Common earnings (loss)	$439	$536	$1,046	$1,500
Denominator [Abstract]	'	'	'	'
Weighted average shares outstanding - basic (in shares)	2,162	2,614	2,259	2,682
Total weighted-average diluted Common Stock (in shares)	2,162	2,614	2,259	2,682
Weighted average shares outstanding (in shares)	2,162	2,614	2,259	2,682