Hardinge 10-Q 7 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013
Document and Entity Information	'
Entity Registrant Name	'HARDINGE INC
Entity Central Index Key	'0000313716
Document Type	'10-Q
Document Period End Date	30-Sep-13
Amendment Flag	'false
Current Fiscal Year End Date	'--12-31
Entity Current Reporting Status	'Yes
Entity Filer Category	'Accelerated Filer
Entity Common Stock, Shares Outstanding	11,885,515
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'Q3

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$15,778	$26,855
Restricted cash	3,347	2,634
Accounts receivable, net	52,465	51,871
Inventories, net	132,762	128,240
Other current assets	13,645	12,580
Total current assets	217,997	222,180
Property, plant and equipment, net	74,654	71,035
Goodwill	14,769	8,497
Other intangible assets, net	35,131	21,584
Other non-current assets	3,093	2,358
Total non-current assets	127,647	103,474
Total assets	345,644	325,654
Liabilities and shareholders' equity	'	'
Accounts payable	26,288	27,779
Notes payable to bank	8,611	11,500
Accrued expenses	27,765	29,307
Customer deposits	16,878	15,720
Accrued income taxes	1,596	3,952
Deferred income taxes	3,183	2,980
Current portion of long-term debt	4,581	2,873
Total current liabilities	88,902	94,111
Long-term debt	24,007	5,616
Pension and postretirement liabilities	47,857	50,312
Deferred income taxes	4,003	3,431
Other liabilities	10,871	10,977
Total non-current liabilities	86,738	70,336
Common stock ($0.01 par value, 12,472,992 issued)	125	125
Additional paid-in capital	114,438	114,072
Retained earnings	85,040	81,961
Treasury shares	-7,751	-9,442
Accumulated other comprehensive loss	-21,848	-25,509
Total shareholders' equity	170,004	161,207
Total liabilities and shareholders' equity	$345,644	$325,654

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Consolidated Balance Sheets	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, issued	12,472,992	12,472,992

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (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
Consolidated Statements of Operations	'	'	'	'
Net sales	$82,258	$82,883	$230,291	$243,853
Cost of sales	59,229	58,889	164,938	174,698
Gross profit	23,029	23,994	65,353	69,155
Selling, general and administrative expenses	20,113	18,569	58,616	55,215
Loss (gain) on sale of assets	2	-13	-9	-27
Other (income) expense	-37	127	417	430
Income from operations	2,951	5,311	6,329	13,537
Interest expense	325	246	841	655
Interest income	-14	-44	-43	-95
Income before income taxes	2,640	5,109	5,531	12,977
Income tax expense	1,161	1,089	1,747	2,874
Net income	$1,479	$4,020	$3,784	$10,103
Basic earnings per share: (in dollars per share)	$0.13	$0.35	$0.32	$0.87
Diluted earnings per share: (in dollars per share)	$0.13	$0.34	$0.32	$0.87
Cash dividends declared per share: (in dollars per share)	$0.02	$0.02	$0.06	$0.06

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Comprehensive Income	'	'	'	'
Net income	$1,479	$4,020	$3,784	$10,103
Other comprehensive income, net of tax	7,009	1,942	3,661	2,519
Comprehensive income, net of tax	$8,488	$5,962	$7,445	$12,622

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Operating activities	'	'
Net income	$3,784	$10,103
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	6,849	5,453
Debt issuance amortization	48	42
(Benefit) provision for deferred income taxes	-108	852
Gain on sale of assets	-9	-27
Unrealized intercompany foreign currency transaction (gain) loss	-92	513
Changes in operating assets and liabilities, excluding the impact of acquisitions:	'	'
Accounts receivable	5,223	16,226
Inventories	1,409	-10,215
Other assets	378	-957
Accounts payable	-2,355	-5,419
Customer deposits	953	-4,207
Accrued expenses	-7,348	-6,292
Accrued postretirement benefits	-298	-387
Net cash provided by operating activities	8,434	5,685
Investing activities	'	'
Acquisition of business, net of cash acquired	-34,250	'
Capital expenditures	-2,192	-6,167
Proceeds on sale of assets	113	40
Net cash used in investing activities	-36,329	-6,127
Financing activities	'	'
Proceeds from short-term notes payable to bank	43,041	49,627
Repayments of short-term notes payable to bank	-45,729	-48,800
Proceeds from long-term debt	23,000	1,106
Repayments of long-term debt	-2,934	-1,246
Dividends paid	-701	-698
Net proceeds from sale of common stock	1,632	'
Debt issuance cost	-682	'
Other financing activities	-299	8
Net cash provided by (used in) financing activities	17,328	-3
Effect of exchange rate changes on cash	-510	216
Net decrease in cash	-11,077	-229
Cash and cash equivalents at beginning of period	26,855	21,736
Cash and cash equivalents at end of period	$15,778	$21,507

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2013
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	NOTE 1.  BASIS OF PRESENTATION
	In these notes, the terms “Hardinge,” “Company,” “we,” “us,” or “our” mean Hardinge Inc. and its predecessors together with its subsidiaries.
	The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and, therefore, should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2012. The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the timing and amount of assets, liabilities, equity, revenue, and expenses reported and disclosed.  Actual amounts could differ from our estimates.  In our opinion, we made all adjustments that are necessary for a fair presentation, and those adjustments are of a normal recurring nature unless otherwise noted.  Due to differing business conditions and some seasonality, our operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected in subsequent quarters or for the full year ended December 31, 2013.
	Certain amounts in the 2012 consolidated financial statements have been reclassified to conform to the current presentation.

NEW_FINANCING_ARRANGEMENT

NEW FINANCING ARRANGEMENT	9 Months Ended
	Sep. 30, 2013
NEW FINANCING ARRANGEMENT	'
NEW FINANCING ARRANGEMENT	'
	NOTE 2.  NEW FINANCING ARRANGEMENT
	On July 12, 2013, Hardinge Holdings GmbH (“Holding GmbH”) and L. Kellenberger & Co. AG, an indirect wholly-owned subsidiary of the Company (“Kellenberger”, and together with Holdings GmbH, the “Borrower”), entered into a Credit Facilities Agreement with Credit Suisse AG (the “Lender”) whereby the Lender has made available CHF 2,550,000 (approximately $2.8 million) mortgage loan facility (“Facility A”) and a CHF 18,000,000 (approximately $19.9 million) multi-currency revolving working capital facility (“Facility B”) for the purposes described below.
	Facility A is used by Kellenberger and replaced an existing mortgage loan that Kellenberger maintained with the Lender. Interest on Facility A accrues at a fixed rate of 2.50% per annum, compared to 2.65% fixed interest rate on the existing mortgage loan. Effective as of December 2013, payments of principal in the amount of CHF 150,000 (approximately $0.2 million) will due on June 30 and December 31 in each year of the term, with the remaining outstanding balance of principal and accrued interest due in full at the final maturity date of December 23, 2016.
	Facility B, which matures on July 31, 2018, is used by Holdings GmbH and its subsidiaries (collectively, the “Holdings Group”) for general corporate and working capital purposes, including without limitation standby letters of credit and standby letters of guarantee. In addition to Swiss Francs, Facility B can be drawn upon in Euros, British Pounds Sterling and United States Dollars (“Optional Currencies”).  Under the terms of Facility B, the maximum amount of borrowings available to Holdings Group (on an aggregate basis) under the facility for working capital purposes shall not exceed CHF 8,000,000 (approximately $8.8 million) or its equivalent in Optional Currencies, as applicable. The interest rate on the borrowings drawn in the form of fixed term advances (excluding Euro-based fixed term advances) is calculated based on the applicable London Interbank Offered Rate (“LIBOR”). With respect to fixed term advances in Euros, the interest rate on borrowings is calculated based on the applicable Euro Interbank Offered Rate (“EURIBOR”), plus an applicable margin, (initially set at 2.25% per annum) that is determined by the Lender based on the financial performance of the Borrower.
	The terms of the credit facilities also contain customary representations, affirmative, negative and financial covenants and events of default. The credit facilities are also secured by a series of mortgage notes in an aggregate amount of CHF 9,175,000 (approximately $10.1 million) on two buildings owned by Kellenberger. In addition to the mortgage notes provided by Kellenberger to the Lender, Holdings GmbH serves as a guarantor with respect to Facility B.
	As of September 30, 2013, the principal amount outstanding was CHF 2,550,000 (approximately $2.8 million) under Facility A and CHF 500,000 (approximately $0.6 million) under Facility B.  At September 30, 2013, we were in compliance with the required covenant.

STOCK_OFFERING

STOCK OFFERING	9 Months Ended
	Sep. 30, 2013
STOCK OFFERING	'
STOCK OFFERING	'
	NOTE 3.  STOCK OFFERING
	On August 9, 2013, the Company entered into a sales agreement (the “Agreement”) with an independent sales agent (“Agent”), under which the Company may, from time to time, sell shares of its common stock, par value $0.01 per share (the “Shares”), having an aggregate offering price of up to $25.0 million through the Agent. Under the Agreement, the Agent may sell the Shares by methods deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, including sales made directly on the Nasdaq Global Select Market, on any other existing trading market for the common stock or to or through a market maker. In addition, with the prior consent of the Company, the Agent may sell the common stock by any other method permitted by law, including in privately negotiated transactions. The Company will pay the Agent a commission of up to 3% of the gross sales price per share sold as well as reimbursement of fees incurred by the Agent  for certain  specified expenses up to $50,000.
	The Agreement will terminate upon the earlier of (i) sale of the Shares under the Agreement having an aggregate offering price of $25.0 million and (ii) the termination of the Agreement as permitted therein. The Agreement may be terminated by the Agent or the Company at any time upon 10 days notice to the other party, or by the Agent at any time in certain circumstances, including the occurrence of a material adverse change in the Company.
	As of September 30, 2013, we have sold 115,972 Shares for aggregated net proceeds of $1.7 million. All the Shares sold were from shares of common stock held by the Company in treasury.

ACQUISITION

ACQUISITION	9 Months Ended
	Sep. 30, 2013
ACQUISITION	'
ACQUISITION	'
	NOTE 4.  ACQUISITION
	On May 9, 2013, Forkardt Inc. (“Forkardt”, formerly Cherry Acquisition Corporation) and Holdings GmbH, direct wholly owned subsidiaries of the Company, and Hardinge GmbH, an indirect wholly owned subsidiary of the Company, acquired the Forkardt operations from Illinois Tool Works for $34.5 million, net of cash acquired. The acquisition was funded through $24.3 million in bank debt and $10.0 million in cash. Forkardt is a leading global provider of high-precision, specialty workholding devices with headquarters in Traverse City, Michigan. Forkardt has operations in the U.S., France, Germany, and Switzerland.  The results of operations of Forkardt have been included in the consolidated financial statements from the date of acquisition. During the three and nine months ended September 30, 2013, we recorded $10.4 million and $16.9 million in sales, and $0.4 million and $0.3 million in net income, respectively, related to Forkardt since the date of acquisition. We expensed acquisition related costs of $0.3 million and $1.9 million for the three months and nine months ended September 30, 2013 and reported them in selling, general and administration expenses in the Consolidated Statements of Operations.
	The purchase price has been preliminarily allocated to the assets acquired and the liabilities assumed based on their fair values.  The identifiable intangible assets acquired, which primarily consist of customer relationships, trade name and technical know-how, were valued using an income approach. The weighted average life of the acquired identifiable intangible assets subject to amortization was estimated at 17.3 years at the time of acquisition. The excess purchase price over the fair value of the assets acquired and the liabilities assumed was recorded as goodwill, of which $0.3 million is deductible for tax purposes. At September 30, 2013, the purchase price allocation is preliminary pending the finalization of the fair value of the net assets acquired and working capital adjustment, if any.
	The preliminary allocation of purchase price to the assets acquired and liabilities assumed is as follows:
		May 9,
		2013
		(in thousands)
	Assets Acquired
	Accounts receivable	5,521
	Inventory	5,357
	Other current assets	1,180
	Property, plant and equipment	6,271
	Other non-current assets	105
	Trade name, customer list, and other intangible assets	14,614
	Total assets acquired	33,048
	Liabilities Assumed
	Accounts payable and other current liabilities	3,342
	Other non-current liabilities	1,211
	Net assets acquired	28,495
	Total estimated purchase price	34,504
	Goodwill	$	6,009
	Supplemental Pro Forma Information
	The following table illustrates the unaudited pro forma effect on operating results as if the Forkardt acquisition had been completed as of January 1, 2012.
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
		(in thousands)				(in thousands)
	Sales	$	82,258	$	93,790	$	245,192	$	278,843
	Net income	2,816		4,562		6,979		11,317
	Diluted earnings per share	$	0.24	$	0.39	$	0.59	$	0.97
	For purposes of the unaudited pro forma disclosures, incremental expenses associated with fixed asset depreciation, intangible asset amortization, inventory step up in basis and interest expense on the borrowings associated with the acquisition have been reflected in the applicable periods. Additionally, expenses associated with the acquisition of Forkardt have been excluded from the three and nine months ended September 30, 2013.
	The above unaudited pro forma financial information is presented for informational purposes only and does not purport to represent what our results of operations would have been had we completed the acquisition on the date assumed, nor is it necessarily indicative of the results that may be expected in future periods. Pro forma adjustments exclude cost savings from any synergies resulting from the acquisition.

NET_INVENTORIES

NET INVENTORIES	9 Months Ended
	Sep. 30, 2013
NET INVENTORIES	'
NET INVENTORIES	'
	NOTE 5.  NET INVENTORIES
	Net inventories are stated at the lower of cost (computed in accordance with the first-in, first-out method) or market.  Elements of the cost include materials, labor and overhead.
	Net inventories consist of the following:
		September 30,		December 31,
		2013		2012
		(in thousands)
	Finished products	$	57,188	$	56,596
	Work-in-process	40,989		32,708
	Raw materials and purchased components	34,585		38,936
	Inventories, net	$	132,762	$	128,240

PROPERTY_PLANT_AND_EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2013
PROPERTY, PLANT AND EQUIPMENT	'
PROPERTY, PLANT AND EQUIPMENT	'
	NOTE 6.  PROPERTY, PLANT AND EQUIPMENT
	Property, plant and equipment consist of the following:
		September 30,			December 31,
		2013			2012
		(in thousands)
	Land, buildings and improvements	$	85,306		$	83,032
	Machinery, equipment and fixtures	79,184			73,169
	Office furniture, equipment and vehicles	17,752			18,058
	Construction in progress	189			325
		182,431			174,584
	Accumulated depreciation	(107,777		)	(103,549		)
	Property, plant and equipment, net	$	74,654		$	71,035

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2013
GOODWILL AND INTANGIBLE ASSETS	'
GOODWILL AND INTANGIBLE ASSETS	'
	NOTE 7.  GOODWILL AND INTANGIBLE ASSETS
	A summary of goodwill follows:
		Gross			Accumulated			Net
		Carrying			Impairment
		Value			Losses
		(in thousands)
	Balance at December 31, 2012	$	32,274		$	(23,777	)	$	8,497
	Addition due to acquisition	6,009			—			6,009
	Currency translation adjustment	263			—			263
	Balance at September 30, 2013	$	38,546		$	(23,777	)	$	14,769
	The major components of intangible assets other than goodwill are as follows:
		September 30,			December 31,
		2013			2012
		(in thousands)
	Gross amortizable intangible assets:
	Land rights	$	2,835		$	2,784
	Patents	3,030			3,006
	Technical know-how, customer list, and other	21,512			12,152
	Total gross amortizable intangible assets	27,377			17,942
	Accumulated amortization:
	Land rights	(161		)	(116		)
	Patents	(2,871		)	(2,807		)
	Technical know-how, customer list, and other	(4,815		)	(3,870		)
	Total accumulated amortization	(7,847		)	(6,793		)
	Amortizable intangible assets, net	19,530			11,149
	Intangible asset not subject to amortization:
	Assets associated with Bridgeport acquisition (1)	7,451			7,595
	Usach and Forkardt trade names(2)	8,150			2,840
		15,601			10,435
	Intangible assets other than goodwill, net	$	35,131		$	21,584
	(1) Represents the aggregate value of the trade name, trademarks and copyrights associated with the former worldwide operations of Bridgeport. We use the Bridgeport brand name on all of our machining center lines. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life. The $0.1 million decrease in the balance from 2012 was the impact of foreign currency exchange.
	(2) Represents the value of the trade names associated with Usach and Forkardt which the Company acquired in 2012 and 2013, respectively. We use the Usach trade name on all of the grinding machines and grinding systems manufactured by Usach. We use the Forkardt trade name on all of the workholding products manufactured by Forkardt. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.
	Amortization expense related to these amortizable intangible assets was $0.4 million and $1.1 million for the three and nine months ended September 30, 2013, respectively, and $0.2 million and $0.6 million for the three and nine months ended September 30, 2012, respectively.

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2013
INCOME TAXES	'
INCOME TAXES	'
	NOTE 8.  INCOME TAXES
	We continue to maintain a valuation allowance against all or a portion of our deferred tax assets in the U.S., Canada, U.K., Germany, Switzerland, and the Netherlands.
	Each quarter, we estimate our full year tax rate for jurisdictions not subject to valuation allowances based upon our most recent forecast of full year anticipated results and adjust year-to-date tax expense to reflect our full year anticipated tax rate.  The rate is an estimate based upon projected results for the year, estimated annual permanent differences, the statutory tax rates in the various jurisdictions in which we operate, and the non-recognition of tax benefits for entities with full valuation allowances. The overall effective tax rates were 44.0% and 31.6% for the three and nine months ended September 30, 2013, respectively.
	The tax years 2011 and 2012 remain open to examination by the U.S. federal taxing authorities.  The tax years 2008 through 2012 remain open to examination by the U.S. state taxing authorities.  For our other major jurisdictions (Switzerland, U.K., Taiwan, France, Germany, Netherlands and China); the tax years between 2006 and 2012 generally remain open to routine examination by foreign taxing authorities, depending on the jurisdiction.
	The increase to the accrued liability associated with uncertain tax positions in the three and nine months ended September 30, 2013 is $0.1 million and $0.5 million, respectively. The increase is primarily attributable to the acquisition of Forkardt.  At September 30, 2013 and December 31, 2012, we recorded a $3.0 million and $2.5 million liability, respectively, with respect to uncertain income tax positions, which included related interest and penalties of $1.0 million at September 30, 2013 and $0.9 million at December 31, 2012.  If recognized, essentially all of the uncertain tax positions and related interest at September 30, 2013 would be recorded as a benefit to income tax expense on the Consolidated Statement of Operations.  It is reasonably possible that certain of our uncertain tax positions pertaining to our foreign operations may change within the next 12 months due to audit settlements and statute of limitations expirations.  We estimate the change in uncertain tax positions for these items to be between $0.1 million and $0.8 million.

WARRANTIES

WARRANTIES	9 Months Ended
	Sep. 30, 2013
WARRANTIES	'
WARRANTIES	'
	NOTE 9.  WARRANTIES
	Warranty liabilities are reported as accrued expenses on our Consolidated Balance Sheets. A reconciliation of the changes in our product warranty accrual is as follows:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
		(in thousands)						(in thousands)
	Balance at the beginning of period	$	3,249		$	3,477		$	3,432		$	3,800
	Warranties issued	787			820			2,182			2,314
	Warranty settlement costs	(577		)	(621		)	(1,905		)	(1,895		)
	Changes in accruals for pre-existing warranties	(248		)	(186		)	(718		)	(737		)
	Other adjustments (1)	—			—			332			—
	Currency translation adjustment	117			45			5			53
	Balance at the end of period	$	3,328		$	3,535		$	3,328		$	3,535
	(1) Represents the warranty liabilities assumed in connection with the Forkardt acquisition.

PENSION_AND_POST_RETIREMENT_PL

PENSION AND POST RETIREMENT PLANS	9 Months Ended
	Sep. 30, 2013
PENSION AND POST RETIREMENT PLANS	'
PENSION AND POST RETIREMENT PLANS	'
	NOTE 10.  PENSION AND POST RETIREMENT PLANS
	A summary of the components of net periodic pension benefit costs for the three and nine months ended September 30, 2013 and 2012 is presented below.
		Pension Benefits
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
		(in thousands)						(in thousands)
	Service cost	$	348		$	304		$	1,038		$	931
	Interest cost	1,843			2,027			5,521			6,112
	Expected return on plan assets	(2,366		)	(2,357		)	(7,083		)	(7,113		)
	Amortization of prior service cost	(103		)	(13		)	(307		)	(40		)
	Amortization of transition asset	(68		)	(66		)	(203		)	(201		)
	Amortization of loss	804			594			2,405			1,807
	Net periodic benefit cost	$	458		$	489		$	1,371		$	1,496
	A summary of the components of net postretirement benefits costs for the three and nine months ended September 30, 2013 and 2012 is presented below.
		Post Retirement Benefits
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
		(in thousands)						(in thousands)
	Service cost	$	4		$	4		$	12		$	12
	Interest cost	23			28			69			84
	Amortization of prior service cost	(64		)	(88		)	(192		)	(264		)
	Amortization of gain	(1		)	(2		)	(3		)	(6		)
	Net periodic benefit credit	$	(38	)	$	(58	)	$	(114	)	$	(174	)

FAIR_VALUE_AND_DERIVATIVE_INST

FAIR VALUE AND DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2013
FAIR VALUE AND DERIVATIVE INSTRUMENTS	'
FAIR VALUE AND DERIVATIVE INSTRUMENTS	'
	NOTE 11.  FAIR VALUE AND DERIVATIVE INSTRUMENTS
	Fair Value
	The inputs to the valuation techniques used to measure fair value are classified into the following categories:
	Level 1 — Quoted prices in active markets for identical assets and liabilities.
	Level 2 — Observable inputs other than quoted prices in active markets for similar assets and liabilities.
	Level 3 — Inputs for which significant valuation assumptions are unobservable in a market and therefore value is based on the best available data, some of which is internally developed and considers risk premiums that a market participant would require.
	The following table presents the carrying amount, fair values and classification of our financial instruments measured or disclosed at fair value on a recurring basis:
		September 30, 2013
		Total			Level 1			Level 2			Level 3
		(in thousands)
	Cash and cash equivalents	$	16,198		$	16,198		$	—		$	—
	Restricted cash	2,927			2,927			—			—
	Notes payable to bank	(8,611		)	—			(8,611		)	—
	Variable interest rate debt	(28,588		)	—			(28,588		)	—
	Contingent purchase price payment	(7,000		)	—			—			(7,000		)
	Foreign currency forward contracts, net	(125		)	—			(125		)	—
		December 31, 2012
		Total			Level 1			Level 2			Level 3
		(in thousands)
	Cash and cash equivalents	$	26,855		$	26,855		$	—		$	—
	Restricted cash	2,634			2,634			—			—
	Notes payable to bank	(11,500		)	—			(11,500		)	—
	Variable interest rate debt	(8,489		)	—			(8,489		)	—
	Contingent purchase price payment	(7,484		)	—			—			(7,484		)
	Foreign currency forward contracts, net	(205		)	—			(205		)	—
	The fair value of cash and cash equivalents and restricted cash are based on the fair values of identical assets in active markets.  The fair value of notes payable to bank and variable interest rate debt are based on the present value of expected future cash flows. Due to the short period to maturity or the nature of the underlying liability, the fair value of notes payable to bank and variable interest rate debt approximates their respective carrying amounts. The contingent purchase price payment represents the contingent liabilities associated with the earn-out provisions from the 2012 acquisition of Usach Technologies, Inc. and 2010 acquisition of Jones & Shipman. During the first quarter of 2013, the contingent purchase price payment related to the Jones & Shipman acquisition was paid.  The fair value of the contingent purchase price payment is based on the present value of the estimated aggregated payment amount. The fair value of foreign currency forward contracts is measured using internal models based on observable market inputs such as spot and forward rates. Based on our continued ability to enter into forward contracts, we consider the markets for our fair value instruments to be active. As of September 30, 2013 and December 31, 2012, there were no transfers in and out of Level 1, Level 2 or Level 3.
	As described in Note 4, Acquisition, the Company completed the acquisition of Forkardt in May 2013.  The fair value measurements for the acquired intangible assets were calculated using a discounted cash flow analysis which relies upon significant unobservable Level 3 inputs which include the following:
	Unobservable inputs	Range
	Discount rate	19.0% - 20.0%
	Royalty rate	2.0% - 3.0%
	Long term growth rate	3.00%
	Derivative Instruments
	We utilize foreign currency forward contracts to mitigate the impact of currency fluctuations on assets and liabilities denominated in foreign currencies as well as on forecasted transactions denominated in foreign currencies. These contracts are considered derivative instruments and are recognized as either assets or liabilities and measured at fair value. For contracts that are designated and qualify as cash flow hedges, the gain or loss on the contracts is reported as a component of other comprehensive income (“OCI”) and reclassified from accumulated other comprehensive income (“AOCI”) into “Sales” or “Other (income) expense” line item on the Consolidated Statements of Operations when the hedged transaction affects earnings.  As of September 30, 2013, we do not expect material amount of the gain or loss will be reclassified from AOCI into “Sales” or “Other (income) expense” in the next 12 months.  For contracts that are not designated as hedges, the gain and loss on the contract is recognized in current earnings as “Other (income) expense” line item on the Consolidated Statements of Operations.
	As of September 30, 2013 and December 31, 2012, the notional amounts of the derivative financial instruments not qualifying or otherwise designated as hedges were $57.1 million and $60.5 million, respectively.  For the three and nine months ended September 30, 2013, we recorded losses of $0.3 million and $1.7 million, respectively, related to this type of derivative financial instruments. For the three and nine months ended September 30, 2012, we recorded an immaterial loss and $0.2 million gain, respectively, related to this type of derivative financial instruments.
	Derivative financial instruments qualifying and designated as hedges are as follows:
		September 30, 2013						December 31, 2012
		Notional			Unrealized			Notional			Unrealized
		Amount			(Gain)			Amount			Loss
		(in thousands)
	Foreign currency forwards	$	40,371		$	(236	)	$	49,750		$	22
	The following table presents the fair value on our Consolidated Balance Sheets of the foreign currency forward contracts:
		September 30,			December 31,
		2013			2012
		(in thousands)
	Foreign currency forwards designated as hedges:
	Other current assets	$	419		$	191
	Accrued expenses	(183		)	(213		)
	Foreign currency forwards not designated as hedges:
	Other current assets	283			284
	Accrued expenses	(644		)	(467		)
	Foreign currency forwards, net	$	(125	)	$	(205	)

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 12.  COMMITMENTS AND CONTINGENCIES
	The Company is a defendant in various lawsuits as a result of normal operations and in the ordinary course of business.  Management believes the outcome of these lawsuits will not have a material effect on our financial position or results of operations.
	Our operations are subject to extensive federal, state, local and foreign laws and regulations relating to environmental matters. Certain environmental laws can impose joint and several liability for releases or threatened releases of hazardous substances upon certain statutorily defined parties regardless of fault or the lawfulness of the original activity or disposal.  Hazardous substances and adverse environmental effects have been identified with respect to real property we own and on adjacent parcels of real property.
	In particular, our Elmira, NY manufacturing facility is located within the Kentucky Avenue Wellfield on the National Priorities List of hazardous waste sites designated for cleanup by the United States Environmental Protection Agency (“EPA”) because of groundwater contamination.  The Kentucky Avenue Wellfield Site (the “Site”) encompasses an area which includes sections of the Town of Horseheads and the Village of Elmira Heights in Chemung County, NY.  In February 2006, the Company received a Special Notice Concerning a Remedial Investigation/Feasibility Study (“RI/FS”) for the Koppers Pond (the “Pond”) portion of the Site.  The EPA documented the release and threatened release of hazardous substances into the environment at the Site, including releases into and in the vicinity of the Pond. The hazardous substances, including metals and polychlorinated biphenyls, have been detected in sediments in the Pond.
	Until receipt of this Special Notice in February 2006, the Company had never been named as a potentially responsible party (“PRP”) at the Site nor had the Company received any requests for information from the EPA concerning the Site. Environmental sampling on our property within this Site under supervision of regulatory authorities had identified off-site sources for such groundwater contamination and sediment contamination in the Pond, and found no evidence that our operations or property have contributed or are contributing to the contamination. We have notified all appropriate insurance carriers and are actively cooperating with them, but whether coverage will be available has not yet been determined and possible insurance recovery cannot now be estimated with any degree of certainty.
	A substantial portion of the Pond is located on our property.  The Company, along with Beazer East, Inc., the Village of Horseheads, the Town of Horseheads, the County of Chemung, CBS Corporation and Toshiba America, Inc., the PRPs, have agreed to voluntarily participate in the Remedial Investigation and Feasibility Study (“RI/FS”) by signing an Administrative Settlement Agreement and Order of Consent on September 29, 2006.  On September 29, 2006, the Director of Emergency and Remedial Response Division of the EPA, Region II, approved and executed the Agreement on behalf of the EPA.  The PRPs also signed a PRP Member Agreement, agreeing to share the cost of the RI/FS study on a per capita basis.
	The EPA approved the RI/FS Work Plan in May of 2008. On September 7, 2011, the PRPs submitted the draft Remedial Investigation Report to the EPA and on January 10, 2013, the draft Feasibility Study.  The PRPs are currently working with the EPA to finalize the Feasibility Study.
	The draft Feasibility Study identified alternative remedial actions with estimated life-cycle costs ranging from $0.7 million to $3.4 million. We estimate that our portion of the potential costs range from $0.1 million to $0.5 million.  Based on the current estimated costs of the various remedial alternatives now under consideration by the EPA, we have recorded a reserve of $0.2 million for the Company’s share of remediation expenses at the Pond as of September 30, 2013.  This reserve is reported as an accrued expense on the Consolidated Balance Sheets.
	We believe, based upon information currently available that, except as described in the preceding paragraphs, we will not have material liabilities for environmental remediation. Though the foregoing reflects the Company’s current assessment as it relates to environmental remediation obligations, it is possible that future remedial requirements or changes in the enforcement of existing laws and regulations, which are subject to extensive regulatory discretion, will result in material liabilities to the Company.

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2013
STOCK BASED COMPENSATION	'
STOCK BASED COMPENSATION	'
	NOTE 13.  STOCK BASED COMPENSATION
	All of our stock based compensation to employees is recorded as selling, general and administrative expenses in our Consolidated Statements of Operations based on the fair value at the grant date of the award. These non-cash compensation costs were included in the depreciation and amortization amounts in the Consolidated Statements of Cash Flows.
	A summary of stock based compensation expense is as follows:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
		(in thousands)				(in thousands)
	Restricted stock/unit awards (“RSA”)	$	87	$	64	$	277	$	305
	Performance share incentives (“PSI”)	35		22		95		123
		$	122	$	86	$	372	$	428
	We did not grant any RSAs during the nine months ended September 30, 2013.  We granted 18,000 RSAs during the nine months ended September 30, 2012. The fair value of the 2012 grant was $0.2 million.  The deferred compensation is being amortized on a straight-line basis over the specified service period. Unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs as of September 30, 2013 and December 31, 2012, are as follows:
		September 30,		December 31,
		2013		2012
	Unrecognized compensation cost, in thousands	$	668	$	945
	Expected weighted-average recognition period for unrecognized compensation cost, in years	2.3		2.6
	We did not grant any PSIs during the nine months ended September 30, 2013 and 2012, respectively.  The deferred compensation with respect to the PSI is being recognized into earnings based on the passage of time and achievement of performance targets.  All outstanding PSIs are unvested.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2013
EARNINGS PER SHARE	'
EARNINGS PER SHARE	'
	NOTE 14.  EARNINGS PER SHARE
	Details of the computation of earnings per share are as follows:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
		(in thousands except per share data)
	Basic earnings per share computation:
	Net income	$	1,479	$	4,020	$	3,784	$	10,103
	Less income allocated to participating awards	—		26		2		74
	Net income applicable to common shareholders	$	1,479	$	3,994	$	3,782	$	10,029
	Weighted average common shares outstanding	11,721		11,567		11,681		11,551
	Basic earnings per share	$	0.13	$	0.35	$	0.32	$	0.87
	Diluted earnings per share computation:
	Net income	$	1,479	$	4,020	$	3,784	$	10,103
	Less income allocated to participating awards	—		26		2		74
	Net income applicable to common shareholders	$	1,479	$	3,994	$	3,782	$	10,029
	Weighted average common shares outstanding	11,721		11,567		11,681		11,551
	Assumed exercise of stock options	29		23		28		24
	Assumed satisfaction of RSA conditions	63		16		61		13
	Weighted average common shares outstanding	11,813		11,606		11,770		11,588
	Diluted earnings per share	$	0.13	$	0.34	$	0.32	$	0.87
	For the three months ended September 30, 2013 and 2012, 47,793 and 133,085 shares, respectively, of certain stock-based awards were excluded from the calculation of diluted earnings per share as they were anti-dilutive. For the nine months ended September 30, 2013 and 2012, 53,524 and 149,285 shares, respectively, of certain stock-based awards were excluded from the calculation of diluted earnings per share as they were anti-dilutive.

CHANGES_IN_ACCUMULATED_OTHER_C

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2013
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	NOTE 15.  CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Changes in accumulated other comprehensive income (loss) (“AOCI”) by component for the three months ended September 30, 2013 are as follows:
		Three Months Ended September 30, 2013
		Foreign			Retirement			Unrealized			Accumulated
		currency			plan			gain (loss) on			other
		translation			related			cash flow			comprehensive
		adjustment			adjustment			hedges			loss
		(in thousands)
	Beginning balance, net of tax	$	31,846		$	(60,657	)	$	(46	)	$	(28,857	)
	Other comprehensive income before reclassifications	6,969			68			371			7,408
	Less income reclassified from AOCI	—			568			27			595
	Net other comprehensive (loss) income	6,969			(500		)	344			6,813
	Income tax benefit (expense)	93			120			(17		)	196
	Ending balance, net of tax	$	38,908		$	(61,037	)	$	281		$	(21,848	)
	Changes in accumulated other comprehensive income (loss) (“AOCI”) by component for the nine months ended September 30, 2013 are as follows:
		Nine Months Ended September 30, 2013
		Foreign			Retirement			Unrealized			Accumulated
		currency			plan			gain (loss) on			other
		translation			related			cash flow			comprehensive
		adjustment			adjustment			hedges			loss
		(in thousands)
	Beginning balance, net of tax	$	36,830		$	(62,375	)	$	36		$	(25,509	)
	Other comprehensive income before reclassifications	2,125			3,128			263			5,516
	Less income reclassified from AOCI	—			1,700			17			1,717
	Net other comprehensive (loss) income	2,125			1,428			246			3,799
	Income tax expense	(47		)	(90		)	(1		)	(138		)
	Ending balance, net of tax	$	38,908		$	(61,037	)	281			(21,848		)
	Details about reclassification out of AOCI for the three months ended September 30, 2013 are as follows:
		Three Months Ended September 30, 2013
	Details of AOCI components	Amount			Affected line item on the
		reclassified			Consolidated Statement
		from AOCI			of Operations
		(in thousands)
	Unrealized gain (loss) on cash flow hedges:
		$	41		Sales
		(14		)	Other expense
		27			Total before tax
		(5		)	Tax expense
		$	22		Net of tax
	Retirement plan related adjustment:
	Amortization of prior service cost	$	(167	)	(a)
	Amortization of transition asset	(68		)	(a)
	Amortization of actuarial loss	803			(a)
		568			Total before tax
		(43		)	Tax expense
		$	525		Net of tax
	Details about reclassification out of AOCI for the nine months ended September 30, 2013 are as follows:
		Nine Months Ended September 30, 2013
	Details of AOCI components	Amount			Affected line item on the
		reclassified			Consolidated Statement
		from AOCI			of Operations
		(in thousands)
	Unrealized gain (loss) on cash flow hedges:
		$	20		Sales
		(3		)	Other expense
		17			Total before tax
		(2		)	Tax benefit
		$	15		Net of tax
	Retirement plan related adjustment:
	Amortization of prior service cost	$	(499	)	(a)
	Amortization of transition asset	(203		)	(a)
	Amortization of actuarial loss	2,402			(a)
		1,700			Total before tax
	(127		)	Tax expense
	$	1,573		Net of tax
(a)  These AOCI components are included in the computation of net period pension and post retirement costs. See Note 10 - Pension and Post Retirement Plans for details.

NEW_ACCOUNTING_STANDARDS

NEW ACCOUNTING STANDARDS	9 Months Ended
	Sep. 30, 2013
NEW ACCOUNTING STANDARDS	'
NEW ACCOUNTING STANDARDS	'
	NOTE 16.  NEW ACCOUNTING STANDARDS
	In December 2011, Financial Accounting Standards Board (the “FASB”) issued authoritative guidance on the presentation of netting assets and liabilities as a single amount in the balance sheet. This pronouncement amends and expands current disclosure requirements on offsetting and requires companies to disclose information about offsetting and related arrangements. We adopted this pronouncement on January 1, 2013.  The adoption of this pronouncement did not have a material effect on our consolidated results of operations and financial condition.
	In February 2013, the FASB issued authoritative guidance that requires companies to report, in one place, information about reclassification of items out of accumulated other comprehensive income. We adopted this pronouncement on January 1, 2013.  The adoption of this pronouncement did not have a material effect on our consolidated results of operations and financial condition other than additional disclosure provided in Note 14 - Changes in Accumulated Other Comprehensive Income (Loss).

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	NOTE 17.  SUBSEQUENT EVENTS
	Subsequent to September 30, 2013, we sold 319,017 shares of our common stock under the “at-the-market” stock offering program as described in Note 3 for aggregate net proceeds of $4.7 million.  As of November 6, 2013, 434,989 shares have been sold under this program for aggregate net proceeds of $6.4 million.  All the shares sold were from shares of common stock held by the Company in treasury.
	On October 31, 2013, we amended the terms of our $25.0 million revolving credit facility and  $23.0 million Term Loan.  The amendment reduced  mandatory principal payments associated with the sale of our common stock under the Company’s stock offering program as described in Note 3 from 75% of net proceeds to 25% of net proceeds.  This amendment was retroactive for all sales of common stock under this stock offering program.  Under the terms of this amendment, as a result of sales of the Company’s common stock subsequent to September 30, 2013, we are required to make additional principal payments of $1.2 million associated with net proceeds from the sale of common stock.

ACQUISITION_Tables

ACQUISITION (Tables)	9 Months Ended
	Sep. 30, 2013
ACQUISITION	'
Schedule of preliminary allocation of purchase price to the assets acquired and liabilities assumed	'
		May 9,
		2013
		(in thousands)
	Assets Acquired
	Accounts receivable	5,521
	Inventory	5,357
	Other current assets	1,180
	Property, plant and equipment	6,271
	Other non-current assets	105
	Trade name, customer list, and other intangible assets	14,614
	Total assets acquired	33,048
	Liabilities Assumed
	Accounts payable and other current liabilities	3,342
	Other non-current liabilities	1,211
	Net assets acquired	28,495
	Total estimated purchase price	34,504
	Goodwill	$	6,009
Schedule of unaudited pro forma effect on operating results	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
		(in thousands)				(in thousands)
	Sales	$	82,258	$	93,790	$	245,192	$	278,843
	Net income	2,816		4,562		6,979		11,317
	Diluted earnings per share	$	0.24	$	0.39	$	0.59	$	0.97

NET_INVENTORIES_Tables

NET INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2013
NET INVENTORIES	'
Schedule of net inventories	'
		September 30,		December 31,
		2013		2012
		(in thousands)
	Finished products	$	57,188	$	56,596
	Work-in-process	40,989		32,708
	Raw materials and purchased components	34,585		38,936
	Inventories, net	$	132,762	$	128,240

PROPERTY_PLANT_AND_EQUIPMENT_T

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2013
PROPERTY, PLANT AND EQUIPMENT	'
Schedule of components of property, plant and equipment, net	'
		September 30,			December 31,
		2013			2012
		(in thousands)
	Land, buildings and improvements	$	85,306		$	83,032
	Machinery, equipment and fixtures	79,184			73,169
	Office furniture, equipment and vehicles	17,752			18,058
	Construction in progress	189			325
		182,431			174,584
	Accumulated depreciation	(107,777		)	(103,549		)
	Property, plant and equipment, net	$	74,654		$	71,035

GOODWILL_AND_INTANGIBLE_ASSETS1

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2013
GOODWILL AND INTANGIBLE ASSETS	'
Summary of goodwill	'
		Gross			Accumulated			Net
		Carrying			Impairment
		Value			Losses
		(in thousands)
	Balance at December 31, 2012	$	32,274		$	(23,777	)	$	8,497
	Addition due to acquisition	6,009			—			6,009
	Currency translation adjustment	263			—			263
	Balance at September 30, 2013	$	38,546		$	(23,777	)	$	14,769
Summary of the major components of intangible assets other than goodwill	'
		September 30,			December 31,
		2013			2012
		(in thousands)
	Gross amortizable intangible assets:
	Land rights	$	2,835		$	2,784
	Patents	3,030			3,006
	Technical know-how, customer list, and other	21,512			12,152
	Total gross amortizable intangible assets	27,377			17,942
	Accumulated amortization:
	Land rights	(161		)	(116		)
	Patents	(2,871		)	(2,807		)
	Technical know-how, customer list, and other	(4,815		)	(3,870		)
	Total accumulated amortization	(7,847		)	(6,793		)
	Amortizable intangible assets, net	19,530			11,149
	Intangible asset not subject to amortization:
	Assets associated with Bridgeport acquisition (1)	7,451			7,595
	Usach and Forkardt trade names(2)	8,150			2,840
		15,601			10,435
	Intangible assets other than goodwill, net	$	35,131		$	21,584
	(1) Represents the aggregate value of the trade name, trademarks and copyrights associated with the former worldwide operations of Bridgeport. We use the Bridgeport brand name on all of our machining center lines. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life. The $0.1 million decrease in the balance from 2012 was the impact of foreign currency exchange.
	(2) Represents the value of the trade names associated with Usach and Forkardt which the Company acquired in 2012 and 2013, respectively. We use the Usach trade name on all of the grinding machines and grinding systems manufactured by Usach. We use the Forkardt trade name on all of the workholding products manufactured by Forkardt. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.

WARRANTIES_Tables

WARRANTIES (Tables)	9 Months Ended
	Sep. 30, 2013
WARRANTIES	'
Schedule of reconciliation of changes in product warranty accrual	'
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
		(in thousands)						(in thousands)
	Balance at the beginning of period	$	3,249		$	3,477		$	3,432		$	3,800
	Warranties issued	787			820			2,182			2,314
	Warranty settlement costs	(577		)	(621		)	(1,905		)	(1,895		)
	Changes in accruals for pre-existing warranties	(248		)	(186		)	(718		)	(737		)
	Other adjustments (1)	—			—			332			—
	Currency translation adjustment	117			45			5			53
	Balance at the end of period	$	3,328		$	3,535		$	3,328		$	3,535
	(1) Represents the warranty liabilities assumed in connection with the Forkardt acquisition.

PENSION_AND_POST_RETIREMENT_PL1

PENSION AND POST RETIREMENT PLANS (Tables)	9 Months Ended
	Sep. 30, 2013
Pension Benefits	'
Pension and Post Retirement Plans	'
Summary of the components of net periodic benefit costs	'
		Pension Benefits
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
		(in thousands)						(in thousands)
	Service cost	$	348		$	304		$	1,038		$	931
	Interest cost	1,843			2,027			5,521			6,112
	Expected return on plan assets	(2,366		)	(2,357		)	(7,083		)	(7,113		)
	Amortization of prior service cost	(103		)	(13		)	(307		)	(40		)
	Amortization of transition asset	(68		)	(66		)	(203		)	(201		)
	Amortization of loss	804			594			2,405			1,807
	Net periodic benefit cost	$	458		$	489		$	1,371		$	1,496
Post Retirement Benefits	'
Pension and Post Retirement Plans	'
Summary of the components of net periodic benefit costs	'
		Post Retirement Benefits
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012			2013			2012
		(in thousands)						(in thousands)
	Service cost	$	4		$	4		$	12		$	12
	Interest cost	23			28			69			84
	Amortization of prior service cost	(64		)	(88		)	(192		)	(264		)
	Amortization of gain	(1		)	(2		)	(3		)	(6		)
	Net periodic benefit credit	$	(38	)	$	(58	)	$	(114	)	$	(174	)

FAIR_VALUE_AND_DERIVATIVE_INST1

FAIR VALUE AND DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
FAIR VALUE AND DERIVATIVE INSTRUMENTS	'
Schedule of carrying amount, fair values and classification of financial instruments measured or disclosed at fair value on a recurring basis	'
		September 30, 2013
		Total			Level 1			Level 2			Level 3
		(in thousands)
	Cash and cash equivalents	$	16,198		$	16,198		$	—		$	—
	Restricted cash	2,927			2,927			—			—
	Notes payable to bank	(8,611		)	—			(8,611		)	—
	Variable interest rate debt	(28,588		)	—			(28,588		)	—
	Contingent purchase price payment	(7,000		)	—			—			(7,000		)
	Foreign currency forward contracts, net	(125		)	—			(125		)	—
		December 31, 2012
		Total			Level 1			Level 2			Level 3
		(in thousands)
	Cash and cash equivalents	$	26,855		$	26,855		$	—		$	—
	Restricted cash	2,634			2,634			—			—
	Notes payable to bank	(11,500		)	—			(11,500		)	—
	Variable interest rate debt	(8,489		)	—			(8,489		)	—
	Contingent purchase price payment	(7,484		)	—			—			(7,484		)
	Foreign currency forward contracts, net	(205		)	—			(205		)	—
Schedule of significant unobservable inputs	'
	Unobservable inputs	Range
	Discount rate	19.0% - 20.0%
	Royalty rate	2.0% - 3.0%
	Long term growth rate	3.00%
Schedule of derivative financial instruments qualifying and designated as hedges	'
		September 30, 2013						December 31, 2012
		Notional			Unrealized			Notional			Unrealized
		Amount			(Gain)			Amount			Loss
		(in thousands)
	Foreign currency forwards	$	40,371		$	(236	)	$	49,750		$	22
Schedule of fair value on Consolidated Balance Sheets of the foreign currency forward contracts	'
		September 30,			December 31,
		2013			2012
		(in thousands)
	Foreign currency forwards designated as hedges:
	Other current assets	$	419		$	191
	Accrued expenses	(183		)	(213		)
	Foreign currency forwards not designated as hedges:
	Other current assets	283			284
	Accrued expenses	(644		)	(467		)
	Foreign currency forwards, net	$	(125	)	$	(205	)

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2013
STOCK BASED COMPENSATION	'
Summary of stock based compensation expense	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
		(in thousands)				(in thousands)
	Restricted stock/unit awards (“RSA”)	$	87	$	64	$	277	$	305
	Performance share incentives (“PSI”)	35		22		95		123
		$	122	$	86	$	372	$	428
Schedule of unrecognized compensation and the expected weighted-average recognition periods with respect to the outstanding RSAs	'
		September 30,		December 31,
		2013		2012
	Unrecognized compensation cost, in thousands	$	668	$	945
	Expected weighted-average recognition period for unrecognized compensation cost, in years	2.3		2.6

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2013
EARNINGS PER SHARE	'
Schedule of computation of earnings per share	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
		(in thousands except per share data)
	Basic earnings per share computation:
	Net income	$	1,479	$	4,020	$	3,784	$	10,103
	Less income allocated to participating awards	—		26		2		74
	Net income applicable to common shareholders	$	1,479	$	3,994	$	3,782	$	10,029
	Weighted average common shares outstanding	11,721		11,567		11,681		11,551
	Basic earnings per share	$	0.13	$	0.35	$	0.32	$	0.87
	Diluted earnings per share computation:
	Net income	$	1,479	$	4,020	$	3,784	$	10,103
	Less income allocated to participating awards	—		26		2		74
	Net income applicable to common shareholders	$	1,479	$	3,994	$	3,782	$	10,029
	Weighted average common shares outstanding	11,721		11,567		11,681		11,551
	Assumed exercise of stock options	29		23		28		24
	Assumed satisfaction of RSA conditions	63		16		61		13
	Weighted average common shares outstanding	11,813		11,606		11,770		11,588
	Diluted earnings per share	$	0.13	$	0.34	$	0.32	$	0.87

CHANGES_IN_ACCUMULATED_OTHER_C1

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2013
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
Schedule of changes in accumulated other comprehensive income (loss) (AOCI) by component	'
		Three Months Ended September 30, 2013
		Foreign			Retirement			Unrealized			Accumulated
		currency			plan			gain (loss) on			other
		translation			related			cash flow			comprehensive
		adjustment			adjustment			hedges			loss
		(in thousands)
	Beginning balance, net of tax	$	31,846		$	(60,657	)	$	(46	)	$	(28,857	)
	Other comprehensive income before reclassifications	6,969			68			371			7,408
	Less income reclassified from AOCI	—			568			27			595
	Net other comprehensive (loss) income	6,969			(500		)	344			6,813
	Income tax benefit (expense)	93			120			(17		)	196
	Ending balance, net of tax	$	38,908		$	(61,037	)	$	281		$	(21,848	)
		Nine Months Ended September 30, 2013
		Foreign			Retirement			Unrealized			Accumulated
		currency			plan			gain (loss) on			other
		translation			related			cash flow			comprehensive
		adjustment			adjustment			hedges			loss
		(in thousands)
	Beginning balance, net of tax	$	36,830		$	(62,375	)	$	36		$	(25,509	)
	Other comprehensive income before reclassifications	2,125			3,128			263			5,516
	Less income reclassified from AOCI	—			1,700			17			1,717
	Net other comprehensive (loss) income	2,125			1,428			246			3,799
	Income tax expense	(47		)	(90		)	(1		)	(138		)
	Ending balance, net of tax	$	38,908		$	(61,037	)	281			(21,848		)
Schedule of reclassification out of AOCI	'
		Three Months Ended September 30, 2013
	Details of AOCI components	Amount			Affected line item on the
		reclassified			Consolidated Statement
		from AOCI			of Operations
		(in thousands)
	Unrealized gain (loss) on cash flow hedges:
		$	41		Sales
		(14		)	Other expense
		27			Total before tax
		(5		)	Tax expense
		$	22		Net of tax
	Retirement plan related adjustment:
	Amortization of prior service cost	$	(167	)	(a)
	Amortization of transition asset	(68		)	(a)
	Amortization of actuarial loss	803			(a)
		568			Total before tax
		(43		)	Tax expense
		$	525		Net of tax
		Nine Months Ended September 30, 2013
	Details of AOCI components	Amount			Affected line item on the
		reclassified			Consolidated Statement
		from AOCI			of Operations
		(in thousands)
	Unrealized gain (loss) on cash flow hedges:
		$	20		Sales
		(3		)	Other expense
		17			Total before tax
		(2		)	Tax benefit
		$	15		Net of tax
	Retirement plan related adjustment:
	Amortization of prior service cost	$	(499	)	(a)
	Amortization of transition asset	(203		)	(a)
	Amortization of actuarial loss	2,402			(a)
		1,700			Total before tax
		(127		)	Tax expense
		$	1,573		Net of tax
	(a)  These AOCI components are included in the computation of net period pension and post retirement costs. See Note 10 - Pension and Post Retirement Plans for details.

NEW_FINANCING_ARRANGEMENT_Deta

NEW FINANCING ARRANGEMENT (Details)

0 Months Ended

1 Months Ended

0 Months Ended

Jul. 12, 2013

Jul. 12, 2013

Jul. 12, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 12, 2013

Jul. 12, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 12, 2013

Jul. 12, 2013

Jul. 12, 2013

Jul. 12, 2013

USD ($)

CHF

Kellenberger mortgage loan

Facility A

Facility A

Facility A

Facility A

Facility A

Facility A

Facility B

Facility B

Facility B

Facility B

Facility B

Facility B

item

USD ($)

CHF

USD ($)

CHF

Subsequent event

Subsequent event

USD ($)

CHF

USD ($)

CHF

Holdings Group

Holdings Group

USD ($)

CHF

USD ($)

CHF

New financing arrangement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowings available

'

'

'

'

'

$2,800,000

2,550,000

'

'

'

'

$19,900,000

18,000,000

'

'

Fixed interest rate (as a percent)

'

'

2.65%

'

'

2.50%

2.50%

'

'

'

'

'

'

'

'

Scheduled principal payments

'

'

'

'

'

'

'

200,000

150,000

'

'

'

'

'

'

Maximum amount of borrowings available under the facility for working capital purpose

'

'

'

'

'

'

'

'

'

'

'

'

'

8,800,000

8,000,000

Base rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'EURIBOR

'EURIBOR

Basis spread added to base rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

2.25%

2.25%

Aggregate amount of mortgage notes

10,100,000

9,175,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of buildings owned by Kellenberger

2

2

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal amounts outstanding

'

'

'

$2,800,000

2,550,000

'

'

'

'

$600,000

500,000

'

'

'

'

STOCK_OFFERING_Details

STOCK OFFERING (Details) (USD $)	0 Months Ended	9 Months Ended
	Aug. 09, 2013	Sep. 30, 2013	Dec. 31, 2012
STOCK OFFERING	'	'	'
Par value of common stock shares to be sold as per the Agreement with Agent (in dollars per share)	$0.01	$0.01	$0.01
Aggregate offering price authorized Under the agreement	$25,000,000	'	'
Maximum commission to be paid as a percentage of gross sales price per share sold	3.00%	'	'
Maximum amount of certain specified expenses agreed to be reimbursed to Agent	50,000	'	'
Threshold aggregate offering price for termination of agreement	25,000,000	'	'
Period of notice to be served for termination of the agreement	'10 days	'	'
Common stock sold	'	115,972	'
Proceeds from sale of common stock	'	$1,700,000	'

ACQUISITION_Details

ACQUISITION (Details) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	9-May-13	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
						Forkardt	Forkardt	Forkardt	Forkardt	Forkardt
Acquisition of Fordardt operations	'	'	'	'	'	'	'	'	'	'
Bank debt used in funding of acquisition	'	'	'	'	'	$24,300,000	'	'	'	'
Cash used in funding of acquisition	'	'	'	'	'	10,000,000	'	'	'	'
Sales	82,258,000	82,883,000	230,291,000	243,853,000	'	'	10,400,000	'	16,900,000	'
Net income	1,479,000	4,020,000	3,784,000	10,103,000	'	'	400,000	'	300,000	'
Acquisition related costs	'	'	'	'	'	'	300,000	'	1,900,000	'
Weighted average life of the intangible assets acquired	'	'	'	'	'	'17 years 3 months 18 days	'	'	'	'
Goodwill deductible for tax purposes	'	'	'	'	'	300,000	'	'	'	'
Assets Acquired	'	'	'	'	'	'	'	'	'	'
Accounts receivable	'	'	'	'	'	5,521,000	'	'	'	'
Inventory	'	'	'	'	'	5,357,000	'	'	'	'
Other current assets	'	'	'	'	'	1,180,000	'	'	'	'
Property, plant and equipment	'	'	'	'	'	6,271,000	'	'	'	'
Other non-current assets	'	'	'	'	'	105,000	'	'	'	'
Trade name, customer list, and other intangible assets	'	'	'	'	'	14,614,000	'	'	'	'
Total assets acquired	'	'	'	'	'	33,048,000	'	'	'	'
Liabilities Assumed	'	'	'	'	'	'	'	'	'	'
Accounts payable and other current liabilities	'	'	'	'	'	3,342,000	'	'	'	'
Other non-current liabilities	'	'	'	'	'	1,211,000	'	'	'	'
Net assets acquired	'	'	'	'	'	28,495,000	'	'	'	'
Total estimated purchase price	'	'	'	'	'	34,504,000	'	'	'	'
Goodwill	14,769,000	'	14,769,000	'	8,497,000	6,009,000	'	'	'	'
Supplemental Pro Forma Information	'	'	'	'	'	'	'	'	'	'
Sales	'	'	'	'	'	'	82,258,000	93,790,000	245,192,000	278,843,000
Net income	'	'	'	'	'	'	$2,816,000	$4,562,000	$6,979,000	$11,317,000
Diluted earnings per share (in dollars per share)	'	'	'	'	'	'	$0.24	$0.39	$0.59	$0.97

NET_INVENTORIES_Details

NET INVENTORIES (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
NET INVENTORIES	'	'
Finished products	$57,188	$56,596
Work-in-process	40,989	32,708
Raw materials and purchased components	34,585	38,936
Inventories, net	$132,762	$128,240

PROPERTY_PLANT_AND_EQUIPMENT_D

PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Property, plant and equipment	'	'
Property, plant and equipment, gross	$182,431	$174,584
Accumulated depreciation	-107,777	-103,549
Property, plant and equipment, net	74,654	71,035
Land, buildings and improvements	'	'
Property, plant and equipment	'	'
Property, plant and equipment, gross	85,306	83,032
Machinery, equipment and fixtures	'	'
Property, plant and equipment	'	'
Property, plant and equipment, gross	79,184	73,169
Office furniture, equipment and vehicles	'	'
Property, plant and equipment	'	'
Property, plant and equipment, gross	17,752	18,058
Construction in progress	'	'
Property, plant and equipment	'	'
Property, plant and equipment, gross	$189	$325

GOODWILL_AND_INTANGIBLE_ASSETS2

GOODWILL AND INTANGIBLE ASSETS (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Gross Carrying Value	'	'	'	'	'
Balance at the beginning of the period	'	'	$32,274,000	'	'
Addition due to acquisition	'	'	6,009,000	'	'
Currency translation adjustment	'	'	263,000	'	'
Balance at the end of the period	38,546,000	'	38,546,000	'	'
Accumulated Impairment Losses	'	'	'	'	'
Accumulated impairment losses	-23,777,000	'	-23,777,000	'	-23,777,000
Net	'	'	'	'	'
Balance at the beginning of the period	'	'	8,497,000	'	'
Addition due to acquisition	'	'	6,009,000	'	'
Currency translation adjustment	'	'	263,000	'	'
Balance at the end of the period	14,769,000	'	14,769,000	'	'
Amortizable intangible assets	'	'	'	'	'
Gross amortizable intangible assets	27,377,000	'	27,377,000	'	17,942,000
Accumulated amortization	-7,847,000	'	-7,847,000	'	-6,793,000
Amortizable intangible assets, net	19,530,000	'	19,530,000	'	11,149,000
Intangible asset not subject to amortization	15,601,000	'	15,601,000	'	10,435,000
Intangible assets other than goodwill, net	35,131,000	'	35,131,000	'	21,584,000
Amortization expense related to amortizable intangible assets	400,000	200,000	1,100,000	600,000	'
Bridgeport | Assets	'	'	'	'	'
Amortizable intangible assets	'	'	'	'	'
Intangible asset not subject to amortization	7,451,000	'	7,451,000	'	7,595,000
Decrease in balance of intangible asset not subject to amortization due to the impact of foreign currency exchange	'	'	100,000	'	'
Usach and Forkardt | Trade names	'	'	'	'	'
Amortizable intangible assets	'	'	'	'	'
Intangible asset not subject to amortization	8,150,000	'	8,150,000	'	2,840,000
Land rights	'	'	'	'	'
Amortizable intangible assets	'	'	'	'	'
Gross amortizable intangible assets	2,835,000	'	2,835,000	'	2,784,000
Accumulated amortization	-161,000	'	-161,000	'	-116,000
Patents	'	'	'	'	'
Amortizable intangible assets	'	'	'	'	'
Gross amortizable intangible assets	3,030,000	'	3,030,000	'	3,006,000
Accumulated amortization	-2,871,000	'	-2,871,000	'	-2,807,000
Technical know-how, customer list, and other	'	'	'	'	'
Amortizable intangible assets	'	'	'	'	'
Gross amortizable intangible assets	21,512,000	'	21,512,000	'	12,152,000
Accumulated amortization	($4,815,000)	'	($4,815,000)	'	($3,870,000)

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
INCOME TAXES	'	'	'
Effective tax rate (as a percent)	44.00%	31.60%	'
Increases to accrued liability associated with uncertain tax positions	$0.10	$0.50	'
Uncertain income tax position	3	3	2.5
Interest and penalties included in uncertain income tax position	1	1	0.9
Minimum estimated change in uncertain tax positions	0.1	0.1	'
Maximum estimated change in uncertain tax positions	$0.80	$0.80	'

WARRANTIES_Details

WARRANTIES (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
Changes in product warranty accrual	'	'	'	'
Balance at the beginning of period	$3,249	$3,477	$3,432	$3,800
Warranties issued	787	820	2,182	2,314
Warranty settlement costs	-577	-621	-1,905	-1,895
Changes in accruals for pre-existing warranties	-248	-186	-718	-737
Other adjustments	'	'	332	'
Currency translation adjustments	117	45	5	53
Balance at the end of period	$3,328	$3,535	$3,328	$3,535

PENSION_AND_POST_RETIREMENT_PL2

PENSION AND POST RETIREMENT PLANS (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
Pension Benefits	'	'	'	'
Components of net periodic benefit cost (credit)	'	'	'	'
Service cost	$348	$304	$1,038	$931
Interest cost	1,843	2,027	5,521	6,112
Expected return on plan assets	-2,366	-2,357	-7,083	-7,113
Amortization of prior service cost	-103	-13	-307	-40
Amortization of transition asset	-68	-66	-203	-201
Amortization of gain	804	594	2,405	1,807
Net periodic benefit (credit) cost	458	489	1,371	1,496
Post Retirement Benefits	'	'	'	'
Components of net periodic benefit cost (credit)	'	'	'	'
Service cost	4	4	12	12
Interest cost	23	28	69	84
Amortization of prior service cost	-64	-88	-192	-264
Amortization of gain	-1	-2	-3	-6
Net periodic benefit (credit) cost	($38)	($58)	($114)	($174)

FAIR_VALUE_AND_DERIVATIVE_INST2

FAIR VALUE AND DERIVATIVE INSTRUMENTS (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Financial instruments	'	'
Restricted cash	$3,347	$2,634
Foreign currency forward contracts, net	-125	-205
Transfer of asset from level 1 to level 2	0	0
Transfer of asset from level 2 to level 1	0	0
Transfer of assets from level 3 to other levels	0	0
Transfer of assets from other levels to level 3	0	0
Transfer of liabilities from level 1 to level 2	0	0
Transfer of liabilities from level 2 to level 1	0	0
Transfer of liabilities from level 3 to other levels	0	0
Transfer of liabilities from other levels to level 3	0	0
Recurring | Total	'	'
Financial instruments	'	'
Cash and cash equivalents	16,198	26,855
Restricted cash	2,927	2,634
Notes payable to bank	-8,611	-11,500
Variable interest rate debt	-28,588	-8,489
Contingent purchase price payment	-7,000	-7,484
Foreign currency forward contracts, net	-125	-205
Recurring | Level 1	'	'
Financial instruments	'	'
Cash and cash equivalents	16,198	26,855
Restricted cash	2,927	2,634
Recurring | Level 2	'	'
Financial instruments	'	'
Notes payable to bank	-8,611	-11,500
Variable interest rate debt	-28,588	-8,489
Foreign currency forward contracts, net	125	-205
Recurring | Level 3	'	'
Financial instruments	'	'
Contingent purchase price payment	($7,000)	($7,484)

FAIR_VALUE_AND_DERIVATIVE_INST3

FAIR VALUE AND DERIVATIVE INSTRUMENTS (Details 2) (Recurring, Acquired intangible assets, Discounted cash flow, Level 3)	9 Months Ended
	Sep. 30, 2013
Unobservable inputs	'
Long term growth rate (as a percent)	3.00%
Minimum	'
Unobservable inputs	'
Discount rate (as a percent)	19.00%
Royalty rate (as a percent)	2.00%
Maximum	'
Unobservable inputs	'
Discount rate (as a percent)	20.00%
Royalty rate (as a percent)	3.00%

FAIR_VALUE_AND_DERIVATIVE_INST4

FAIR VALUE AND DERIVATIVE INSTRUMENTS (Details 3) (USD $)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Foreign currency derivative financial instruments not qualifying or designated as hedges	'	'	'	'
Losses related to derivatives	$300,000	$1,700,000	'	'
Gain related to derivatives	'	'	200,000	'
Foreign currency derivative financial instruments qualifying and designated as hedges	'	'	'	'
Unrealized (Gain) Loss	'	-236,000	'	22,000
Fair value of the foreign currency forward contracts	'	'	'	'
Foreign currency forwards designated as hedges - Other current assets	419,000	419,000	'	191,000
Foreign currency forwards designated as hedges - Accrued expenses	-183,000	-183,000	'	-213,000
Foreign currency forwards not designated as hedges - Other current assets	283,000	283,000	'	284,000
Foreign currency forwards not designated as hedges - Accrued expenses	-644,000	-644,000	'	-467,000
Foreign currency forwards, net	-125,000	-125,000	'	-205,000
Foreign currency forwards | Not designated as hedges	'	'	'	'
Derivative financial instruments qualifying and designated as hedges	'	'	'	'
Notional Amount	57,100,000	57,100,000	'	60,500,000
Foreign currency forwards | Cash flow hedges	'	'	'	'
Derivative financial instruments qualifying and designated as hedges	'	'	'	'
Notional Amount	$40,371,000	$40,371,000	'	$49,750,000

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Sep. 30, 2013	Jan. 10, 2013
In Millions, unless otherwise specified
COMMITMENTS AND CONTINGENCIES	'	'
Estimated life-cycle costs, minimum	'	$0.70
Estimated life-cycle costs, maximum	'	3.4
Commitments and Contingencies	'	'
Reserve for estimated life-cycle costs	0.2	'
Minimum	'	'
Commitments and Contingencies	'	'
Loss contingency, entity portion of potential cost	0.1	'
Maximum	'	'
Commitments and Contingencies	'	'
Loss contingency, entity portion of potential cost	$0.50	'

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Stock-based compensation	'	'	'	'	'
Stock based compensation expense	$122,000	$86,000	$372,000	$428,000	'
Restricted stock/units awards	'	'	'	'	'
Stock-based compensation	'	'	'	'	'
Stock based compensation expense	87,000	64,000	277,000	305,000	'
Number of awards granted (in shares)	'	'	'	18,000	'
Fair value of grant	'	'	'	'	200,000
Unrecognized compensation and expected weighted-average recognition periods	'	'	'	'	'
Unrecognized compensation cost	668,000	'	668,000	'	945,000
Expected weighted-average recognition period for unrecognized compensation cost	'	'	'2 years 3 months 18 days	'	'2 years 7 months 6 days
Performance share incentives	'	'	'	'	'
Stock-based compensation	'	'	'	'	'
Stock based compensation expense	$35,000	$22,000	$95,000	$123,000	'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Basic earnings per share computation:	'	'	'	'
Net income	$1,479	$4,020	$3,784	$10,103
Less income allocated to participating awards	'	26	2	74
Net income applicable to common shareholders	1,479	3,994	3,782	10,029
Weighted average common shares outstanding	11,721,000	11,567,000	11,681,000	11,551,000
Basic earnings per share (in dollars per share)	$0.13	$0.35	$0.32	$0.87
Diluted earnings per share computation:	'	'	'	'
Net income	1,479	4,020	3,784	10,103
Less income allocated to participating awards	'	26	2	74
Net income applicable to common shareholders	$1,479	$3,994	$3,782	$10,029
Weighted average common shares outstanding	11,721,000	11,567,000	11,681,000	11,551,000
Assumed exercise of stock options (in shares)	29,000	23,000	28,000	24,000
Assumed satisfaction of RSA conditions (in shares)	63,000	16,000	61,000	13,000
Weighted average common shares outstanding	11,813,000	11,606,000	11,770,000	11,588,000
Diluted earnings per share (in dollars per share)	$0.13	$0.34	$0.32	$0.87
Anti-dilutive stock-based awards excluded from calculation of diluted earnings per share (in shares)	47,793	133,085	53,524	149,285

CHANGES_IN_ACCUMULATED_OTHER_C2

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Changes in AOCI by component	'	'
Beginning balance, net of tax	($28,857)	($25,509)
Other comprehensive income before reclassifications	7,408	5,516
Less income reclassified from AOCI	595	1,717
Net other comprehensive (loss) income	6,813	3,799
Income tax benefit (expense)	196	-138
Ending balance, net of tax	-21,848	-21,848
Foreign currency translation adjustment	'	'
Changes in AOCI by component	'	'
Beginning balance, net of tax	31,846	36,830
Other comprehensive income before reclassifications	6,969	2,125
Net other comprehensive (loss) income	6,969	2,125
Income tax benefit (expense)	93	-47
Ending balance, net of tax	38,908	38,908
Retirement plan related adjustment	'	'
Changes in AOCI by component	'	'
Beginning balance, net of tax	-60,657	-62,375
Other comprehensive income before reclassifications	68	3,128
Less income reclassified from AOCI	568	1,700
Net other comprehensive (loss) income	-500	1,428
Income tax benefit (expense)	120	-90
Ending balance, net of tax	-61,037	-61,037
Unrealized gain (loss) on cash flow hedges	'	'
Changes in AOCI by component	'	'
Beginning balance, net of tax	-46	36
Other comprehensive income before reclassifications	371	263
Less income reclassified from AOCI	27	17
Net other comprehensive (loss) income	344	246
Income tax benefit (expense)	-17	-1
Ending balance, net of tax	$281	$281

CHANGES_IN_ACCUMULATED_OTHER_C3

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Reclassification out of AOCI	'	'	'	'
Sales	$82,258	$82,883	$230,291	$243,853
Other expense	37	-127	-417	-430
Income before income taxes	2,640	5,109	5,531	12,977
Tax (expense) benefit	-1,161	-1,089	-1,747	-2,874
Net income	1,479	4,020	3,784	10,103
Unrealized gain (loss) on cash flow hedges | Amount reclassified from AOCI	'	'	'	'
Reclassification out of AOCI	'	'	'	'
Sales	41	'	20	'
Other expense	-14	'	-3	'
Income before income taxes	27	'	17	'
Tax (expense) benefit	-5	'	-2	'
Net income	22	'	15	'
Retirement plan related adjustment | Amount reclassified from AOCI	'	'	'	'
Reclassification out of AOCI	'	'	'	'
Amortization of prior service cost	-167	'	-499	'
Amortization of transition asset	-68	'	-203	'
Amortization of actuarial loss	803	'	2,402	'
Income before income taxes	568	'	1,700	'
Tax (expense) benefit	-43	'	-127	'
Net income	$525	'	$1,573	'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	9 Months Ended	0 Months Ended
	Sep. 30, 2013	Nov. 06, 2013	Oct. 31, 2013	Oct. 02, 2013	Oct. 31, 2013
		Subsequent event	Subsequent event	Subsequent event	Subsequent event
					Revolving domestic credit facility
Subsequent events	'	'	'	'	'
Number of shares of common stock sold under the at-the-market stock offering program	115,972	434,989	'	319,017	'
Proceeds from sale of common stock	$1,632,000	$6,400,000	'	$4,700,000	'
Maximum borrowings available	'	'	'	'	25,000,000
Amount of term loan	'	'	23,000,000	'	'
Mandatory principal payments as a percentage of net proceeds from sale of common stock	75.00%	'	'	'	'
Reduced mandatory principal payments as a percentage of net proceeds from sale of common stock	'	'	25.00%	'	'
Additional principal payments associated with net proceeds from the sale of common stock	'	'	$1,200,000	'	'