Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Billions, except Share data, unless otherwise specified | Dec. 31, 2013 | Feb. 17, 2014 | Jun. 30, 2013 |
Document Documentand Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'MINE SAFETY APPLIANCES CO | ' | ' |
Entity Central Index Key | '0000066570 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Trading Symbol | 'MSA | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 37,212,881 | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $1.40 |
Consolidated_Statement_of_Inco
Consolidated Statement of Income (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Income Statement [Abstract] | ' | ' | ' | |||
Net sales | $1,112,058 | $1,110,443 | $1,112,814 | |||
Other (loss) income, net | -175 | 10,876 | 5,458 | |||
Sales | 1,111,883 | 1,121,319 | 1,118,272 | |||
Costs and expenses | ' | ' | ' | |||
Cost of products sold | 615,213 | 620,895 | 654,447 | |||
Selling, general and administrative | 309,206 | 312,858 | 297,779 | |||
Research and development | 45,858 | 40,900 | 39,245 | |||
Restructuring and other charges | 5,344 | 2,787 | 8,559 | |||
Interest expense | 10,677 | 11,344 | 14,116 | |||
Currency exchange losses, net | 5,452 | 3,192 | 3,051 | |||
Costs and Expenses, Total | 991,750 | 991,976 | 1,017,197 | |||
Income from continuing operations before income taxes | 120,133 | [1] | 129,343 | [1] | 101,075 | [1] |
Provision for income taxes | 35,145 | [1] | 41,401 | [1] | 33,807 | [1] |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ' | ' | ' | |||
Income from continuing operations | 84,988 | 87,942 | 67,268 | |||
Income from discontinued operations | 3,061 | 3,819 | 2,777 | |||
Net income | 88,049 | 91,761 | 70,045 | |||
Net loss (income) attributable to noncontrolling interests | 198 | -1,124 | -193 | |||
Net Income (Loss) Attributable to Parent | ' | ' | ' | |||
Income from continuing operations | 85,858 | 87,557 | 67,518 | |||
Income from discontinued operations | 2,389 | 3,080 | 2,334 | |||
Net income attributable to Mine Safety Appliances Company | $88,247 | $90,637 | $69,852 | |||
Earnings Per Share, Basic | ' | ' | ' | |||
Income from continuing operations, Basic (dollars per share) | $2.31 | [2] | $2.37 | [2] | $1.85 | |
Income from discontinued operations, Basic (dollars per share) | $0.06 | [2] | $0.08 | [2] | $0.06 | |
Basic | $2.37 | $2.45 | $1.91 | |||
Earnings Per Share, Diluted | ' | ' | ' | |||
Income from continuing operations, Diluted (dollars per share) | $2.28 | [2] | $2.34 | [2] | $1.81 | |
Income from discontinued operations, Diluted (dollars per share) | $0.06 | [2] | $0.08 | [2] | $0.06 | |
Diluted | $2.34 | $2.42 | $1.87 | |||
[1] | The components of income before income taxes and the provision for income taxes relate to continuing operations. | |||||
[2] | Per share amounts are calculated independently for each period presented; therefore, the sum of the quarterly per share amounts may not equal the per share amounts for the year. |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $88,049 | $91,761 | $70,045 |
Foreign currency translation adjustments | -7,281 | 3,846 | -15,980 |
Pension and post-retirement plan adjustments | 54,951 | -28,018 | -44,218 |
Comprehensive income | 135,719 | 67,589 | 9,847 |
Comprehensive loss (income) attributable to noncontrolling interests | 1,331 | -840 | 1,137 |
Comprehensive income attributable to Mine Safety Appliances | $137,050 | $66,749 | $10,984 |
Consolidated_Balance_Sheet
Consolidated Balance Sheet (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets | ' | ' |
Cash and cash equivalents | $96,265 | $82,718 |
Trade receivables, less allowance for doubtful accounts of $7,306 and $7,402 | 200,364 | 191,289 |
Inventories | 136,837 | 136,300 |
Deferred tax assets | 22,458 | 17,727 |
Income taxes receivable | 9,181 | 6,342 |
Prepaid expenses and other current assets | 35,861 | 29,172 |
Total current assets | 500,966 | 463,548 |
Property, Plant, and Equipment | 152,755 | 147,465 |
Prepaid pension cost | 121,054 | 42,818 |
Deferred tax assets | 14,996 | 17,018 |
Goodwill | 260,134 | 258,400 |
Intangible assets | 35,029 | 38,648 |
Other noncurrent assets | 149,336 | 143,849 |
Total assets | 1,234,270 | 1,111,746 |
Current Liabilities | ' | ' |
Notes payable and current portion of long-term debt | 7,500 | 6,823 |
Accounts payable | 66,902 | 59,519 |
Employees' compensation | 38,164 | 41,602 |
Insurance and product liability | 14,251 | 15,025 |
Taxes on income | 3,662 | 4,389 |
Other current liabilities | 61,085 | 61,442 |
Total current liabilities | 191,564 | 188,800 |
Long-Term Debt | 260,667 | 272,333 |
Other Liabilities | ' | ' |
Pensions and other employee benefits | 152,084 | 151,536 |
Deferred tax liabilities | 49,621 | 17,249 |
Other noncurrent liabilities | 7,987 | 11,124 |
Total liabilities | 661,923 | 641,042 |
Commitments and Contingencies | ' | ' |
Mine Safety Appliances Company shareholders' equity: | ' | ' |
Preferred stock, 4 1/2% cumulative, $50 par value | 3,569 | 3,569 |
Common stock, no par value | 132,055 | 112,135 |
Stock compensation trust | -1,585 | -3,891 |
Treasury shares, at cost | -281,524 | -269,739 |
Accumulated other comprehensive loss | -78,269 | -127,072 |
Retained earnings | 792,206 | 747,953 |
Total shareholders’ equity | 566,452 | 462,955 |
Noncontrolling interests | 5,895 | 7,749 |
Total shareholders’ equity | 572,347 | 470,704 |
Total liabilities and shareholders’ equity | $1,234,270 | $1,111,746 |
Consolidated_Balance_Sheet_Par
Consolidated Balance Sheet (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Per Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Trade receivables, allowance for doubtful accounts | $7,306 | $7,402 |
Percentage of cumulative preferred stock | 4.50% | 4.50% |
Preferred stock, par value | $50 | $50 |
Common stock, par value | $0 | $0 |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Activities | ' | ' | ' |
Net income | $88,049 | $91,761 | $70,045 |
Depreciation and amortization | 30,764 | 31,702 | 32,866 |
Pensions | 12,268 | 3,673 | -4,967 |
Net gain from investing activities-disposal of assets | -436 | -8,396 | -3,328 |
Stock-based compensation | 10,337 | 10,010 | 7,732 |
Deferred income tax provision | -3,234 | 213 | 8,800 |
Other noncurrent assets and liabilities | -18,162 | -14,104 | -24,130 |
Currency exchange losses, net | 5,127 | 3,151 | 2,511 |
Excess tax benefit related to stock plans | -2,246 | -2,799 | -632 |
Other, net | 4,386 | 1,103 | -1,335 |
Operating cash flow before changes in certain working capital items | 126,853 | 116,314 | 87,562 |
(Increase) decrease in trade receivables | -13,171 | 2,346 | -217 |
(Increase) decrease in inventories | -6,296 | 2,677 | -1,230 |
Increase (decrease) in accounts payable and accrued liabilities | 10,732 | 17,776 | -398 |
(Increase) decrease in income taxes receivable, prepaid expenses and other current assets | -7,337 | 11,363 | -459 |
(Increase) decrease in certain working capital items | -16,072 | 34,162 | -2,304 |
Cash Flow From Operating Activities | 110,781 | 150,476 | 85,258 |
Investing Activities | ' | ' | ' |
Capital expenditures | -36,517 | -32,209 | -30,390 |
Property disposals | 1,360 | 20,193 | 18,687 |
Other investing | 0 | -5,269 | 0 |
Cash Flow From Investing Activities | -35,157 | -17,285 | -11,703 |
Financing Activities | ' | ' | ' |
Proceeds from (payments on) short-term debt, net | 662 | -128 | 137 |
Payments on long-term debt | -306,766 | -246,500 | -199,000 |
Proceeds from long-term debt | 295,100 | 183,500 | 164,000 |
Restricted cash | -2,790 | 0 | 0 |
Cash dividends paid | -43,994 | -50,990 | -37,741 |
Distributions to noncontrolling interests | -556 | 0 | 0 |
Company stock purchases | -11,785 | -3,508 | -624 |
Exercise of stock options | 9,643 | 4,306 | 1,316 |
Excess tax benefit related to stock plans | 2,246 | 2,799 | 632 |
Cash Flow From Financing Activities | -58,240 | -110,521 | -71,280 |
Effect of exchange rate changes on cash and cash equivalents | -3,837 | 110 | -2,097 |
Increase in cash and cash equivalents | 13,547 | 22,780 | 178 |
Beginning cash and cash equivalents | 82,718 | 59,938 | 59,760 |
Ending cash and cash equivalents | 96,265 | 82,718 | 59,938 |
Supplemental cash flow information: | ' | ' | ' |
Interest payments | 10,884 | 10,772 | 13,969 |
Income tax payments | $36,242 | $29,807 | $21,739 |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Retained Earnings and Accumulated Other Comprehensive Loss (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Beginning Balance | $470,704 | ' | ' |
Net income | 88,049 | 91,761 | 70,045 |
Pension and post-retirement plan adjustments, net of tax ($28,636, $11,364, and $30,849) | 54,951 | -28,018 | -44,218 |
Ending Balance | 572,347 | 470,704 | ' |
Components of accumulated other comprehensive loss | ' | ' | ' |
Cumulative translation adjustments | -1,189 | 4,959 | 829 |
Pension and post-retirement plan adjustments | -77,080 | -132,031 | -104,013 |
Accumulated other comprehensive loss | -78,269 | -127,072 | -103,184 |
Retained Earnings | ' | ' | ' |
Beginning Balance | 747,953 | 708,306 | 676,195 |
Net income | 88,049 | 91,761 | 70,045 |
Foreign currency translation adjustments | 0 | 0 | 0 |
Pension and post-retirement plan adjustments, net of tax ($28,636, $11,364, and $30,849) | 0 | 0 | 0 |
(Income) loss attributable to noncontrolling interests | 198 | -1,124 | -193 |
Common dividends | -43,952 | -50,948 | -37,699 |
Preferred dividends | -42 | -42 | -42 |
Ending Balance | 792,206 | 747,953 | 708,306 |
Accumulated Other Comprehensive (Loss) Income | ' | ' | ' |
Beginning Balance | -127,072 | -103,184 | -44,316 |
Net income | 0 | 0 | 0 |
Foreign currency translation adjustments | -7,281 | 3,846 | -15,980 |
Pension and post-retirement plan adjustments, net of tax ($28,636, $11,364, and $30,849) | 54,951 | -28,018 | -44,218 |
(Income) loss attributable to noncontrolling interests | 1,133 | 284 | 1,330 |
Common dividends | 0 | 0 | 0 |
Preferred dividends | 0 | 0 | 0 |
Ending Balance | ($78,269) | ($127,072) | ($103,184) |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Retained Earnings and Accumulated Other Comprehensive Loss (Parenthetical) (Accumulated Other Comprehensive (Loss) Income, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accumulated Other Comprehensive (Loss) Income | ' | ' | ' |
Pension and post-retirement plan adjustments, tax | $30,849 | $11,364 | $28,636 |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies | ' |
Significant Accounting Policies | |
Basis of Presentation—The Consolidated Financial Statements of Mine Safety Appliances Company are prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) and require management to make certain judgments, estimates, and assumptions. These may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. They also may affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates upon subsequent resolution of identified matters. Certain amounts in previously issued financial statements were reclassified to conform to the 2013 presentation. See Note 19 for further information regarding Discontinued Operations. | |
Principles of Consolidation—The consolidated financial statements include the accounts of the company and all subsidiaries. Intercompany accounts and transactions are eliminated. | |
Noncontrolling Interests—Noncontrolling interests reflect noncontrolling shareholders’ investments in certain consolidated subsidiaries and their proportionate share of the income and accumulated other comprehensive income of those subsidiaries. | |
Currency Translation—The functional currency of all significant non-U.S. subsidiaries is the local currency. Assets and liabilities of these operations are translated at year-end exchange rates. Income statement accounts are translated using the average exchange rates for the reporting period. Translation adjustments for these companies are reported as a component of shareholders’ equity and are not included in income. Foreign currency transaction gains and losses are included in net income for the reporting period. | |
Cash Equivalents—Cash equivalents include temporary deposits with financial institutions and highly liquid investments with original maturities of 90 days or less. | |
Restricted Cash—Restricted cash, which is designated for use other than current operations is included in the Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheet. Restricted cash balances were $2.8 million at December 31, 2013 and were used to support letter of credit balances. The Company did not have restricted cash at December 31, 2012 or 2011. | |
Inventories—Inventories are stated at the lower of cost or market. Most U.S. inventories are valued on the last-in, first-out (LIFO) cost method. Other inventories are valued on the average cost method or at standard costs which approximate actual costs. | |
Property and Depreciation—Property is recorded at cost. Depreciation is computed using straight-line and accelerated methods over the estimated useful lives of the assets, generally as follows: buildings 20 to 40 years and machinery and equipment 3 to 10 years. Expenditures for significant renewals and improvements are capitalized. Ordinary repairs and maintenance are expensed as incurred. Gains or losses on property dispositions are included in other income and the cost and related depreciation are removed from the accounts. Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $27.1 million, $27.5 million and $27.1 million, respectively. Properties, plants, and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of assets is determined by comparing the estimated undiscounted net cash flows of the operations related to the assets to their carrying amount. An impairment loss would be recognized when the carrying amount of the assets exceeds the estimated undiscounted net cash flows. The amount of the impairment loss to be recorded is calculated as the excess of the carrying value of the assets over their fair value, with fair value determined using the best information available, which generally is a discounted cash flow model. | |
Goodwill and Other Intangible Assets—Intangible assets are amortized on a straight-line basis over their useful lives. Intangible assets are reviewed for possible impairment whenever circumstances change such that the recorded value of the asset may not be recoverable. Goodwill is not amortized, but is subject to impairment write-down tests. We test the goodwill of each of our reporting units for impairment at least annually. The annual goodwill impairment tests are performed as of September 30 each year. All goodwill is assigned to reporting units. For this purpose, we consider our operating segments to be our reporting units. We test goodwill for impairment by either performing a qualitative evaluation or a two-step quantitative test. The qualitative evaluation is an assessment of various factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. | |
Factors considered as part of the qualitative assessment include entity-specific industry, market and general economic conditions. We may elect to bypass the qualitative assessment for some or all of our reporting units and perform a two-step quantitative test. Quantitative testing involves estimating a reporting unit’s fair value. We estimate reporting unit fair value using discounted cash flow methodologies. There has been no impairment of our goodwill as of December 31, 2013. | |
Revenue Recognition—Revenue from the sale of products is recognized when title, ownership and the risk of loss have transferred to the customer, which generally occurs either when product is shipped to the customer or, in the case of most U.S. distributor customers, when product is delivered to the customer’s delivery site. We establish our shipping terms according to local practice and market characteristics. We do not ship product unless we have an order or other documentation authorizing shipment to our customers. We make appropriate provisions for uncollectible accounts receivable and product returns, both of which have historically been insignificant in relation to our net sales. Certain distributor customers receive price rebates based on their level of purchases and other performance criteria that are documented in established distributor programs. These rebates are accrued as a reduction of net sales as they are earned by the customer. | |
Shipping and Handling—Shipping and handling expenses for products sold to customers are charged to cost of products sold as incurred. Amounts billed to customers for shipping and handling are included in net sales. | |
Product Warranties—Estimated expenses related to product warranties and additional service actions are charged to cost of products sold in the period in which the related revenue is recognized or when significant product quality issues are identified. | |
Research and Development—Research and development costs are expensed as incurred. | |
Income Taxes—Deferred income taxes are provided for temporary differences between financial and tax reporting. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. We record tax benefits related to uncertain tax positions taken or expected to be taken on a tax return when such benefits meet a more likely than not threshold. We recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. No provision is made for possible U.S. taxes on the undistributed earnings of foreign subsidiaries that are considered to be reinvested indefinitely. | |
Stock-Based Compensation—We account for stock-based compensation in accordance with the FASB guidance on share-based payment, which requires that we recognize compensation expense for employee and non-employee director stock-based compensation based on the grant date fair value. Except for retirement-eligible participants, for whom there is no requisite service period, this expense is recognized ratably over the requisite service periods following the date of grant. For retirement-eligible participants, this expense is recognized at the grant date. | |
Derivative Instruments—We may use derivative instruments to minimize the effects of changes in currency exchange rates. We do not enter into derivative transactions for speculative purposes and do not hold derivative instruments for trading purposes. Changes in the fair value of derivative instruments designated as fair value hedges are recorded in the balance sheet as adjustments to the underlying hedged asset or liability. Changes in the fair value of derivative instruments that do not qualify for hedge accounting treatment are recognized in the income statement as currency exchange (income) loss in the current period. | |
Commitments and Contingencies—For asserted claims and assessments, liabilities are recorded when an unfavorable outcome of a matter is deemed to be probable and the loss is reasonably estimable. Management determines the likelihood of an unfavorable outcome based on many factors such as the nature of the matter, available defenses and case strategy, progress of the matter, views and opinions of legal counsel and other advisors, applicability and success of appeals processes, and the outcome of similar historical matters, among others. Once an unfavorable outcome is deemed probable, management weighs the probability of estimated losses, and the most reasonable loss estimate is recorded. If an unfavorable outcome of a matter is deemed to be reasonably possible, then the matter is disclosed and no liability is recorded. With respect to unasserted claims or assessments, management must first determine that the probability that an assertion will be made is likely, then, a determination as to the likelihood of an unfavorable outcome and the ability to reasonably estimate the potential loss is made. Legal matters are reviewed on a continuous basis to determine if there has been a change in management’s judgment regarding the likelihood of an unfavorable outcome or the estimate of a potential loss. | |
Discontinued Operations and Assets Held For Sale—For those businesses where management has committed to a plan to divest, each business is valued at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the business exceeds its estimated fair value, an impairment loss is recognized. Fair value is estimated using accepted valuation techniques such as a DCF model, valuations performed by third parties, earnings multiples, or indicative bids, when available. A number of significant estimates and assumptions are involved in the application of these techniques, including the forecasting of markets and market share, sales volumes and prices, costs and expenses, and multiple other factors. Management considers historical experience and all available information at the time the estimates are made; however, the fair value that is ultimately realized upon the divestiture of a business may differ from the estimated fair value reflected in the Consolidated Financial Statements. Depreciation and amortization expense is not recorded on assets of a business to be divested once they are classified as held for sale. | |
For businesses classified as discontinued operations, the results of operations are reclassified from their historical presentation to discontinued operations on the Consolidated Statement of Income, for all periods presented. The gains or losses associated with these divested businesses are recorded in discontinued operations on the Consolidated Statement of Income. Additionally, segment information does not include the operating results of businesses classified as discontinued operations for all periods presented. Management does not expect any continuing involvement with these businesses following their divestiture, and these businesses are expected to be disposed of within one year. | |
Recently Adopted and Recently Issued Accounting Standards—In July, 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This ASU requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The ASU will be effective beginning in 2014. The adoption of this ASU will not have a material effect on our consolidated statements. | |
In March 2013, FASB issued ASU 2013-05, Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. This ASU 2013-05 addresses the accounting for the cumulative translation adjustment when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. The guidance outlines the events when cumulative translation adjustments should be released into net income. This ASU will be effective beginning in 2014. The adoption of this ASU may have a material effect on our consolidated financial statements, in the event that we were to divest of a foreign affiliate. | |
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income-Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires additional information about the amounts reclassified out of accumulated other comprehensive income by component. The adoption of this ASU on January 1, 2013 did not have a material effect on our consolidated financial statements. |
Restructuring_and_Other_Charge
Restructuring and Other Charges | 12 Months Ended |
Dec. 31, 2013 | |
Restructuring Charges [Abstract] | ' |
Restructuring and Other Charges | ' |
Restructuring and Other Charges | |
During the years ended December 31, 2013, 2012 and 2011, we recorded restructuring charges of $5.3 million, $2.8 million and $8.6 million, respectively. These charges were primarily related to reorganization activities. | |
For the year ended December 31, 2013, European segment charges of $3.0 million were primarily related to staff reductions in Germany and the Netherlands. $1.7 million of the European restructuring charges are accrued at December 31, 2013 and are expected to be paid in the next year. International segment charges of $2.3 million for the year ended December 31, 2013 were primarily related to staff reductions in Australia and South Africa and were paid out in cash in 2013. | |
For the year ended December 31, 2012, North American, European and International segment charges of $1.5 million, $1.1 million and $0.2 million, respectively, were primarily related to severance costs associated with staff reductions. At December 31, 2012, the North American, European and International segments each had accrued restructuring charges of $0.3 million, $2.5 million and $0.2 million, respectively. | |
For the year ended December 31, 2011, European segment charges of $5.8 million related primarily to staff reductions and the transfer of certain production activities to China. $4.3 million of the European restructuring charges were accrued at December 31, 2011. North American segment charges for the year ended December 31, 2011 of $1.7 million included costs associated with the relocation of certain administrative and production activities. International segment charges for the year ended December 31, 2011 of $1.1 million were primarily related to severance costs associated with the relocation of our Wuxi, China operations to Suzhou, China. |
Inventories
Inventories | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventories | ' | |||||||
Inventories | ||||||||
December 31, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Finished products | $ | 74,466 | $ | 72,658 | ||||
Work in process | 8,108 | 13,473 | ||||||
Raw materials and supplies | 54,263 | 50,169 | ||||||
Total inventories | 136,837 | 136,300 | ||||||
Excess of FIFO costs over LIFO costs | 44,670 | 46,519 | ||||||
Total FIFO inventories | 181,507 | 182,819 | ||||||
Inventories stated on the LIFO basis represent 15% and 16% of total inventories at December 31, 2013 and 2012, respectively. | ||||||||
Reductions in certain inventory quantities during the years ended December 31, 2013 and 2012 resulted in liquidations of LIFO inventories carried at lower costs prevailing in prior years. The effect of LIFO liquidations during 2013 reduced cost of sales by $2.1 million and increased net income by $1.4 million. The effect of LIFO liquidations during 2012 reduced cost of sales by $0.8 million and increased net income by $0.5 million. |
Property_Plant_and_Equipment_N
Property, Plant, and Equipment (Notes) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment Disclosure | ' | |||||||
roperty, Plant, and Equipment | ||||||||
December 31, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Land | $ | 3,835 | $ | 5,267 | ||||
Buildings | 110,534 | 107,082 | ||||||
Machinery and equipment | 349,667 | 334,951 | ||||||
Construction in progress | 16,364 | 10,444 | ||||||
Total | 480,400 | 457,744 | ||||||
Less accumulated depreciation | (327,645 | ) | (310,279 | ) | ||||
Net property | 152,755 | 147,465 | ||||||
Reclassifications_out_of_Accum
Reclassifications out of Accumulated Other Comprehensive Loss (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity [Abstract] | ' | |||||||||||
Reclassification out of Accumulated Other Comprehensive Loss | ' | |||||||||||
Out of Accumulated Other Comprehensive Loss | ||||||||||||
Year ended December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Amortization of prior service cost | $ | (322 | ) | $ | (353 | ) | $ | (351 | ) | |||
Recognized net actuarial losses | 13,875 | 6,764 | 1,503 | |||||||||
Total reclassifications | 13,553 | 6,411 | 1,152 | |||||||||
Tax benefit | 5,066 | 2,469 | 411 | |||||||||
Total reclassifications, net of tax | 8,487 | 3,942 | 741 | |||||||||
Capital_Stock
Capital Stock | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure Capital Stock Additional Information [Abstract] | ' | ||||||||||||||||||||
Capital Stock | ' | ||||||||||||||||||||
Capital Stock | |||||||||||||||||||||
Preferred Stock - The Company has authorized 100,000 shares of $50 par value 4.5% cumulative preferred nonvoting stock which is callable at $52.50. There are 71,373 shares issued and 52,878 shares held in treasury at December 31, 2013. There were no treasury purchases of preferred stock during the three years ended December 31, 2013. The Company has also authorized 1,000,000 shares of $10 par value second cumulative preferred voting stock. No shares have been issued as of December 31, 2013. | |||||||||||||||||||||
Common Stock - The Company has authorized 180,000,000 shares of no par value common stock. There were 37,202,099 and 37,007,799 shares outstanding at December 31, 2013 and December 31, 2012, respectively. Common stock activity is summarized as follows: | |||||||||||||||||||||
Shares | Dollars | ||||||||||||||||||||
(Dollars in thousands) | Issued | Stock | Treasury | Common | Stock | Treasury | |||||||||||||||
Compensation | Stock | Compensation | Cost | ||||||||||||||||||
Trust | Trust | ||||||||||||||||||||
Balances January 1, 2011 | 62,081,391 | (1,360,714 | ) | (24,200,951 | ) | $ | 88,629 | $ | (7,103 | ) | $ | (263,855 | ) | ||||||||
Restricted stock awards | — | 103,815 | — | (542 | ) | 542 | — | ||||||||||||||
Restricted stock expense | — | — | — | 4,376 | — | — | |||||||||||||||
Restricted stock forfeitures | — | — | (7,469 | ) | (6 | ) | — | — | |||||||||||||
Stock options exercised | — | 94,115 | — | 825 | 491 | — | |||||||||||||||
Stock option expense | — | — | — | 2,343 | — | — | |||||||||||||||
Performance stock expense | — | — | — | 1,019 | — | — | |||||||||||||||
Tax benefit related to stock plans | — | — | — | 632 | — | — | |||||||||||||||
Treasury shares purchased | — | — | (17,597 | ) | — | — | (624 | ) | |||||||||||||
Balances December 31, 2011 | 62,081,391 | (1,162,784 | ) | (24,226,017 | ) | 97,276 | (6,070 | ) | (264,479 | ) | |||||||||||
Restricted stock awards | — | 136,295 | — | (711 | ) | 711 | — | ||||||||||||||
Restricted stock expense | — | — | — | 4,891 | — | — | |||||||||||||||
Restricted stock forfeitures | — | — | (10,815 | ) | (147 | ) | — | — | |||||||||||||
Stock options exercised | — | 223,022 | — | 3,141 | 1,165 | — | |||||||||||||||
Stock option expense | — | — | — | 2,435 | — | — | |||||||||||||||
Performance stock issued | — | 58,037 | — | (303 | ) | 303 | — | ||||||||||||||
Performance stock expense | — | — | — | 2,831 | — | — | |||||||||||||||
Tax benefit related to stock plans | — | — | — | 2,799 | — | — | |||||||||||||||
Treasury shares purchased | — | — | (91,330 | ) | — | — | (3,508 | ) | |||||||||||||
Other, net | — | — | — | (77 | ) | — | — | ||||||||||||||
Balances December 31, 2012 | 62,081,391 | (745,430 | ) | (24,328,162 | ) | 112,135 | (3,891 | ) | (267,987 | ) | |||||||||||
Restricted stock awards | — | 96,686 | — | (505 | ) | 505 | — | ||||||||||||||
Restricted stock expense | — | — | — | 4,244 | — | — | |||||||||||||||
Restricted stock forfeitures | — | — | (7,365 | ) | (115 | ) | — | — | |||||||||||||
Stock options exercised | — | 277,687 | — | 8,194 | 1,449 | — | |||||||||||||||
Stock option expense | — | — | — | 2,825 | — | — | |||||||||||||||
Performance stock issued | — | 67,389 | (352 | ) | 352 | — | |||||||||||||||
Performance stock expense | — | — | — | 3,383 | — | — | |||||||||||||||
Tax benefit related to stock plans | — | — | — | 2,246 | — | — | |||||||||||||||
Treasury shares purchased | — | — | (240,097 | ) | — | — | (11,785 | ) | |||||||||||||
Balances December 31, 2013 | 62,081,391 | (303,668 | ) | (24,575,624 | ) | 132,055 | (1,585 | ) | (279,772 | ) | |||||||||||
The Mine Safety Appliances Company Stock Compensation Trust was established to provide shares for certain benefit plans, including the management and non-employee directors’ equity incentive plans. Shares held by the Stock Compensation Trust, and the corresponding cost of those shares, are reported as a reduction of common shares issued. Differences between the cost of the shares held by the Stock Compensation Trust and the market value of shares released for stock-related benefits are reflected in common stock issued. | |||||||||||||||||||||
In November 2005, the Board of Directors authorized the purchase of up to $100 million of MSA common stock either through private transactions or open market transactions. The share purchase program has no expiration date. The maximum shares that may yet be purchased is calculated based on the dollars remaining under the program and the respective month-end closing share price. We do not have any other share purchase programs. The above treasury share purchases are related to stock compensation transactions. |
Segment_Information
Segment Information | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||
Segment Information | ' | |||||||||||||||||||
Segment Information | ||||||||||||||||||||
We are organized into eleven geographic operating segments based on management responsibilities. The operating segments have been aggregated (based on economic similarities, the nature of their products, end-user markets and methods of distribution) into three reportable segments: North America, Europe and International. | ||||||||||||||||||||
Reportable segment information is presented in the following table: | ||||||||||||||||||||
(In thousands) | North | Europe | International | Reconciling | Consolidated | |||||||||||||||
America | Items | Totals | ||||||||||||||||||
2013 | ||||||||||||||||||||
Sales to external customers | $ | 559,193 | $ | 289,760 | $ | 263,105 | $ | — | $ | 1,112,058 | ||||||||||
Intercompany sales | 122,013 | 98,491 | 21,075 | (241,579 | ) | — | ||||||||||||||
Net income: | ||||||||||||||||||||
Continuing operations | 70,577 | 18,398 | 20,373 | (23,490 | ) | 85,858 | ||||||||||||||
Discontinued operations | — | — | 2,389 | — | 2,389 | |||||||||||||||
Total assets | 836,418 | 394,463 | 222,427 | (219,038 | ) | 1,234,270 | ||||||||||||||
Interest income | 243 | 90 | 809 | — | 1,142 | |||||||||||||||
Interest expense | 52 | 175 | 2 | 10,448 | 10,677 | |||||||||||||||
Noncash items: | ||||||||||||||||||||
Depreciation and amortization | 19,732 | 5,357 | 5,675 | — | 30,764 | |||||||||||||||
Pension expense | (4,765 | ) | (6,328 | ) | (1,268 | ) | — | (12,361 | ) | |||||||||||
Income tax provision | 35,602 | 6,133 | 6,182 | (12,772 | ) | 35,145 | ||||||||||||||
Capital expenditures | 17,963 | 11,833 | 6,721 | — | 36,517 | |||||||||||||||
Net Property | 85,087 | 33,162 | 34,505 | 1 | 152,755 | |||||||||||||||
2012 | ||||||||||||||||||||
Sales to external customers | 551,927 | 289,549 | 268,967 | — | 1,110,443 | |||||||||||||||
Intercompany sales | 114,354 | 98,096 | 18,641 | (231,091 | ) | — | ||||||||||||||
Net income: | ||||||||||||||||||||
Continuing operations | 64,270 | 20,424 | 19,238 | (16,375 | ) | 87,557 | ||||||||||||||
Discontinued operations | — | — | 3,080 | — | 3,080 | |||||||||||||||
Total assets | 726,476 | 352,601 | 205,959 | (173,290 | ) | 1,111,746 | ||||||||||||||
Interest income | 364 | 147 | 886 | 14 | 1,411 | |||||||||||||||
Interest expense | 106 | 350 | 78 | 10,810 | 11,344 | |||||||||||||||
Noncash items: | ||||||||||||||||||||
Depreciation and amortization | 21,446 | 5,354 | 4,902 | — | 31,702 | |||||||||||||||
Pension income (expense) | 2,138 | (4,700 | ) | (1,111 | ) | — | (3,673 | ) | ||||||||||||
Income tax provision | 39,125 | 7,362 | 8,085 | (13,171 | ) | 41,401 | ||||||||||||||
Capital expenditures | 20,129 | 5,106 | 6,974 | — | 32,209 | |||||||||||||||
Net Property | 85,923 | 25,460 | 36,081 | 1 | 147,465 | |||||||||||||||
2011 | ||||||||||||||||||||
Sales to external customers | 561,140 | 286,753 | 264,921 | — | 1,112,814 | |||||||||||||||
Intercompany sales | 100,094 | 116,471 | 18,305 | (234,870 | ) | — | ||||||||||||||
Net income: | ||||||||||||||||||||
Continuing operations | 53,674 | 11,689 | 24,818 | (22,663 | ) | 67,518 | ||||||||||||||
Discontinued operations | — | — | 2,334 | — | 2,334 | |||||||||||||||
Total assets | 742,707 | 340,305 | 194,127 | (162,087 | ) | 1,115,052 | ||||||||||||||
Interest income | 78 | 192 | 1,215 | 324 | 1,809 | |||||||||||||||
Interest expense | 29 | 253 | 137 | 13,697 | 14,116 | |||||||||||||||
Noncash items: | ||||||||||||||||||||
Depreciation and amortization | 22,036 | 6,239 | 4,591 | — | 32,866 | |||||||||||||||
Pension income (expense) | 10,800 | (5,638 | ) | (195 | ) | — | 4,967 | |||||||||||||
Income tax provision | 31,821 | 6,187 | 5,726 | (9,927 | ) | 33,807 | ||||||||||||||
Capital expenditures | 20,035 | 4,384 | 5,971 | — | 30,390 | |||||||||||||||
Net property | 85,643 | 25,273 | 34,846 | 1 | 145,763 | |||||||||||||||
Reconciling items consist primarily of intercompany eliminations and items reported at the corporate level. | ||||||||||||||||||||
Geographic information on sales to external customers, based on country of origin: | ||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||
United States | $ | 528,178 | $ | 527,550 | $ | 538,257 | ||||||||||||||
Germany | 71,139 | 74,557 | 75,536 | |||||||||||||||||
Other | 512,741 | 508,336 | 499,021 | |||||||||||||||||
Total | 1,112,058 | 1,110,443 | 1,112,814 | |||||||||||||||||
Geographic information on net property, based on country of origin: | ||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||
United States | $ | 82,274 | $ | 82,820 | $ | 82,318 | ||||||||||||||
Germany | 16,882 | 8,781 | 9,303 | |||||||||||||||||
China | 16,010 | 14,780 | 14,817 | |||||||||||||||||
Other | 37,589 | 41,084 | 39,325 | |||||||||||||||||
Total | 152,755 | 147,465 | 145,763 | |||||||||||||||||
Sales are allocated to each country based on the destination of the end-customer. Core product sales represented 73% of total sales for the year ended December 31, 2013, up from 70% for the year ended December 31, 2012. The percentage of total sales by core product group were as follows: fixed gas & flame detection instruments, 22%; breathing apparatus, 20%; portable gas detection instruments, 14%; industrial head protection, 13%; and fall protection at 4% of total sales. The remaining 27% of total sales represented non-core product sales for the year ended December 31, 2013, an improvement from 30% of total sales for the year ended December 31, 2012. |
Earnings_per_Share
Earnings per Share | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Earnings per Share | ' | |||||||||||
Earnings per Share | ||||||||||||
Basic earnings per share is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings per share assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based payment awards that contain nonforfeitable rights to dividends. | ||||||||||||
(In thousands, except per share amounts) | 2013 | 2012 | 2011 | |||||||||
Net income attributable to continuing operations | $ | 85,858 | $ | 87,557 | $ | 67,518 | ||||||
Preferred stock dividends | (41 | ) | (41 | ) | (41 | ) | ||||||
Income from continuing operations available to common equity | 85,817 | 87,516 | 67,477 | |||||||||
Dividends and undistributed earnings allocated to participating securities | (643 | ) | (836 | ) | (730 | ) | ||||||
Income from continuing operations available to common shareholders | 85,174 | 86,680 | 66,747 | |||||||||
Net income attributable to discontinued operations | $ | 2,389 | $ | 3,080 | $ | 2,334 | ||||||
Preferred stock dividends | (1 | ) | (1 | ) | (1 | ) | ||||||
Income from discontinued operations available to common equity | 2,388 | 3,079 | 2,333 | |||||||||
Dividends and undistributed earnings allocated to participating securities | (18 | ) | (29 | ) | (25 | ) | ||||||
Income from discontinued operations available to common shareholders | 2,370 | 3,050 | 2,308 | |||||||||
Basic weighted-average shares outstanding | 36,868 | 36,564 | 36,221 | |||||||||
Stock options and other stock compensation | 582 | 478 | 610 | |||||||||
Diluted weighted-average shares outstanding | 37,450 | 37,042 | 36,831 | |||||||||
Antidilutive stock options | 15 | 744 | 894 | |||||||||
Earnings per share attributable to continuing operations: | ||||||||||||
Basic | $2.31 | $2.37 | $1.85 | |||||||||
Diluted | $2.28 | $2.34 | $1.81 | |||||||||
Earnings per share attributable to discontinued operations: | ||||||||||||
Basic | $0.06 | $0.08 | $0.06 | |||||||||
Diluted | $0.06 | $0.08 | $0.06 |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Components of income before income taxes* | ||||||||||||
U.S. income | $ | 48,621 | $ | 67,043 | $ | 58,817 | ||||||
Non-U.S. income | 71,512 | 62,300 | 42,258 | |||||||||
Income before income taxes | 120,133 | 129,343 | 101,075 | |||||||||
Provision for income taxes* | ||||||||||||
Current | ||||||||||||
Federal | $ | 18,656 | $ | 18,774 | $ | 6,829 | ||||||
State | 1,492 | 2,556 | 872 | |||||||||
Non-U.S. | 18,453 | 19,438 | 17,449 | |||||||||
Total current provision | 38,601 | 40,768 | 25,150 | |||||||||
Deferred | ||||||||||||
Federal | (3,582 | ) | (518 | ) | 10,853 | |||||||
State | (483 | ) | (125 | ) | 772 | |||||||
Non-U.S. | 609 | 1,276 | (2,968 | ) | ||||||||
Total deferred provision | (3,456 | ) | 633 | 8,657 | ||||||||
Provision for income taxes | 35,145 | 41,401 | 33,807 | |||||||||
*The components of income before income taxes and the provision for income taxes relate to continuing operations. | ||||||||||||
Included in discontinued operations is tax expense of $1.4 million in 2013, $1.1 million in 2012 and $1.0 million in 2011. | ||||||||||||
Cash flows from operations in the Consolidated Statement of Cash Flows include a deferred income tax provision (benefit) from discontinued operations of $0.2 million, $(0.4) million and $0.1 million in 2013, 2012 and 2011, respectively. | ||||||||||||
Reconciliation of the U.S. federal income tax rates to our effective tax rate: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
U.S. federal income tax rate | 35 | % | 35 | % | 35 | % | ||||||
State income taxes—U.S. | 0.6 | 1.2 | 1 | |||||||||
Taxes on non-U.S. income | (4.5 | ) | (1.0 | ) | (2.0 | ) | ||||||
Research and development credit | (1.5 | ) | — | (1.3 | ) | |||||||
Manufacturing deduction credit | (1.1 | ) | (2.0 | ) | (0.3 | ) | ||||||
Valuation allowances | 0.5 | (0.2 | ) | 0.1 | ||||||||
Other | 0.3 | (1.0 | ) | 0.9 | ||||||||
Effective income tax rate | 29.3 | % | 32 | % | 33.4 | % | ||||||
Components of deferred tax assets and liabilities: | ||||||||||||
December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||
Deferred tax assets | ||||||||||||
Book expenses capitalized for tax | $ | 7,204 | $ | 8,213 | ||||||||
Postretirement benefits | 18,027 | 19,282 | ||||||||||
Inventory reserves | 5,550 | 4,780 | ||||||||||
Vacation allowances | 1,036 | 1,240 | ||||||||||
Net operating losses and tax credit carryforwards | 6,711 | 7,558 | ||||||||||
Post employment benefits | 757 | 1,006 | ||||||||||
Foreign tax credit carryforwards (expiring in 2019) | 2,227 | 212 | ||||||||||
Stock options | 10,185 | 9,672 | ||||||||||
Liability insurance | 3,686 | 2,754 | ||||||||||
Basis of capital assets | 891 | 1,013 | ||||||||||
Warranties | 3,049 | 3,078 | ||||||||||
Reserve for doubtful accounts | 1,569 | 1,547 | ||||||||||
Other | 9,313 | 5,063 | ||||||||||
Total deferred tax assets | 70,205 | 65,418 | ||||||||||
Valuation allowances | (4,938 | ) | (3,961 | ) | ||||||||
Net deferred tax assets | 65,267 | 61,457 | ||||||||||
Deferred tax liabilities | ||||||||||||
Property, plant and equipment | (8,935 | ) | (10,547 | ) | ||||||||
Pension | (40,833 | ) | (10,915 | ) | ||||||||
Intangibles | (25,212 | ) | (21,492 | ) | ||||||||
Other | (2,455 | ) | (1,110 | ) | ||||||||
Total deferred tax liabilities | (77,435 | ) | (44,064 | ) | ||||||||
Net deferred taxes | (12,168 | ) | 17,393 | |||||||||
At December 31, 2013, we had net operating loss carryforwards of approximately $28.0 million, all of which are in non-U.S. tax jurisdictions. Net operating loss carryforwards of $0.2 million and $0.9 million will expire in 2014 and 2015 respectively. The remainder either have a valuation allowance or may be carried forward indefinitely. | ||||||||||||
No deferred U.S. income taxes have been provided on undistributed earnings of non-U.S. subsidiaries, which amounted to $290.5 million as of December 31, 2013. These earnings are considered to be reinvested for an indefinite period of time. Because we currently do not have any plans to repatriate these funds, we cannot determine the impact of local taxes, withholding taxes and foreign tax credits associated with the future repatriation of such earnings and, therefore, cannot reasonably estimate the associated tax liability. In cases where we intend to repatriate a portion of the undistributed earnings of our foreign subsidiaries, we provide U.S. income taxes on such earnings. | ||||||||||||
A reconciliation of the change in the tax liability for unrecognized tax benefits for the years ended December 31, 2013 and 2012 is as follows: | ||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||
Beginning balance | $ | 9,520 | $ | 12,827 | ||||||||
Adjustments for tax positions related to the current year | (3,628 | ) | (2,672 | ) | ||||||||
Adjustments for tax positions related to prior years | 97 | (367 | ) | |||||||||
Statute expiration | (101 | ) | (268 | ) | ||||||||
Ending balance | 5,888 | 9,520 | ||||||||||
The total amount of unrecognized tax benefits, if recognized, would reduce our future effective tax rate. We have recognized tax benefits associated with these liabilities in the amount of $5.1 million and $8.6 million at December 31, 2013 and 2012, respectively. | ||||||||||||
We recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. Our liability for accrued interest and penalties related to uncertain tax positions was $0.7 million at December 31, 2012. During 2013, we reduced interest related to uncertain tax positions by $0.2 million. Our liability for accrued interest and penalties related to uncertain tax positions was $0.5 million at December 31, 2013. | ||||||||||||
We file a U.S. federal income tax return along with various state and foreign income tax returns. Examinations of our U.S. federal returns have been completed through 2010, with the 2009 tax year closed by statute. Various state and foreign income tax returns may be subject to tax audits for periods after 2007. |
Stock_Plans
Stock Plans | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||
Stock Plans | ' | |||||||||||
Stock Plans | ||||||||||||
The 2008 Management Equity Incentive Plan provides for various forms of stock-based compensation for eligible key employees through May 2018. Management stock-based compensation includes stock options, restricted stock and performance stock units. The 2008 Non-Employee Directors’ Equity Incentive Plan provides for grants of stock options and restricted stock to non-employee directors through May 2018. Stock options are granted at market prices and expire after 10 years. Stock options are exercisable beginning three years after the grant date. Restricted stock is granted without payment to the company and generally vests three years after the grant date. In general, unvested stock options, restricted stock and performance stock units are forfeited if the participant’s employment with the company terminates for any reason other than retirement, death or disability. Restricted stock is valued at the market price on the grant date. The final number of shares to be issued for performance stock units may range from zero to 200% of the target award based on achieving the specified performance targets over the performance period. Performance stock units with a market condition are valued at an estimated fair value using a Monte Carlo model. We issue Stock Compensation Trust shares or Treasury shares for stock option exercises and grants of restricted stock and performance stock. As of December 31, 2013, there were 1,752,369 and 183,702 shares, respectively, reserved for future grants under the management and non-employee directors’ equity incentive plans. | ||||||||||||
Stock-based compensation expense was as follows: | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Restricted stock | $ | 4,129 | $ | 4,744 | $ | 4,370 | ||||||
Stock options | 2,825 | 2,435 | 2,343 | |||||||||
Performance stock | 3,383 | 2,831 | 1,019 | |||||||||
Total compensation expense before income taxes | 10,337 | 10,010 | 7,732 | |||||||||
Income tax benefit | 3,810 | 3,700 | 2,825 | |||||||||
Total compensation expense, net of income tax benefit | 6,527 | 6,310 | 4,907 | |||||||||
We did not capitalize any stock-based compensation expense in 2013, 2012, or 2011. | ||||||||||||
Stock option expense is based on the fair value of stock option grants estimated on the grant dates using the Black-Scholes option pricing model and the following weighted average assumptions for options granted in 2013, 2012 and 2011. | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Fair value per option | $ | 14.17 | $ | 10.77 | $ | 9.94 | ||||||
Risk-free interest rate | 1.2 | % | 1.2 | % | 2.6 | % | ||||||
Expected dividend yield | 2.8 | % | 3.1 | % | 3.6 | % | ||||||
Expected volatility | 39 | % | 41 | % | 40 | % | ||||||
Expected life (years) | 6.1 | 6.1 | 6.1 | |||||||||
The risk-free interest rate is based on the U.S. Treasury Constant Maturity rates as of the grant date converted into an implied spot rate yield curve. Expected dividend yield is based on the most recent annualized dividend divided by the 1 year average closing share price. Expected volatility is based on the ten year historical volatility using daily stock prices. Expected life is based on historical stock option exercise data. | ||||||||||||
A summary of option activity follows: | ||||||||||||
Shares | Weighted | Exercisable at | ||||||||||
Average | Year-end | |||||||||||
Exercise Price | ||||||||||||
Outstanding January 1, 2011 | 1,749,003 | $ | 29.74 | |||||||||
Granted | 166,247 | 34.09 | ||||||||||
Exercised | (94,115 | ) | 13.99 | |||||||||
Expired | (2,495 | ) | 44.08 | |||||||||
Outstanding December 31, 2011 | 1,818,640 | 30.94 | 907,598 | |||||||||
Granted | 196,469 | 37.33 | ||||||||||
Exercised | (223,022 | ) | 18.93 | |||||||||
Expired | (5,093 | ) | 43.33 | |||||||||
Forfeited | (2,334 | ) | 36.69 | |||||||||
Outstanding December 31, 2012 | 1,784,660 | 33.05 | 1,100,300 | |||||||||
Granted | 188,407 | 49.03 | ||||||||||
Exercised | (277,687 | ) | 34.72 | |||||||||
Outstanding December 31, 2013 | 1,695,380 | 34.55 | 1,178,657 | |||||||||
For various exercise price ranges, characteristics of outstanding and exercisable stock options at December 31, 2013 were as follows: | ||||||||||||
Stock Options Outstanding | ||||||||||||
Range of Exercise Prices | Shares | Weighted-Average | ||||||||||
Exercise Price | Remaining Life | |||||||||||
$17.83 – $29.33 | 609,820 | $ | 21.76 | 5.5 years | ||||||||
$33.55 – $40.88 | 560,795 | 37.34 | 5.6 | |||||||||
$41.26 – $49.92 | 524,765 | 46.42 | 5.4 | |||||||||
$17.83 – $49.92 | 1,695,380 | 34.55 | 5.5 | |||||||||
Stock Options Exercisable | ||||||||||||
Range of Exercise Prices | Shares | Weighted-Average | ||||||||||
Exercise Price | Remaining Life | |||||||||||
$17.83 – $29.33 | 609,820 | $ | 21.76 | 5.5 years | ||||||||
$33.55 – $40.88 | 246,903 | 39.8 | 2.9 | |||||||||
$41.26 – $48.95 | 321,934 | 45.1 | 3.1 | |||||||||
$17.83 – $48.95 | 1,178,657 | 31.91 | 4.3 | |||||||||
Cash received from the exercise of stock options was $9.6 million, $4.3 million and $1.3 million for the years ended December 31, 2013, 2012 and 2011, respectively. The tax benefit we realized from these exercises was $0.5 million, $1.6 million and $0.7 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
The aggregate intrinsic value of stock options exercisable at December 31, 2013 was $22.7 million. The aggregate intrinsic value of all stock options outstanding at December 31, 2013 was $28.2 million. | ||||||||||||
A summary of restricted stock activity follows: | ||||||||||||
Shares | Weighted Average | |||||||||||
Grant Date | ||||||||||||
Fair Value | ||||||||||||
Unvested at January 1, 2011 | 473,637 | $ | 26.56 | |||||||||
Granted | 125,603 | 33.61 | ||||||||||
Vested | (76,505 | ) | 44.39 | |||||||||
Forfeited | (10,481 | ) | 24.87 | |||||||||
Unvested at December 31, 2011 | 512,254 | 25.66 | ||||||||||
Granted | 130,985 | 37.61 | ||||||||||
Vested | (209,897 | ) | 20.44 | |||||||||
Forfeited | (15,499 | ) | 28.37 | |||||||||
Unvested at December 31, 2012 | 417,843 | 31.92 | ||||||||||
Granted | 92,448 | 48.98 | ||||||||||
Vested | (197,465 | ) | 27.42 | |||||||||
Forfeited | (9,407 | ) | 40.23 | |||||||||
Unvested at December 31, 2013 | 303,419 | 39.79 | ||||||||||
A summary of performance stock unit activity follows: | ||||||||||||
Shares | Weighted Average | |||||||||||
Grant Date | ||||||||||||
Fair Value | ||||||||||||
Unvested at January 1, 2011 | 85,629 | $ | 20.53 | |||||||||
Granted | 48,820 | 33.09 | ||||||||||
Performance adjustments | (7,506 | ) | 21.14 | |||||||||
Forfeited | (1,500 | ) | 30.53 | |||||||||
Unvested at December 31, 2011 | 125,443 | 25.27 | ||||||||||
Granted | 54,928 | 41.33 | ||||||||||
Vested | (47,706 | ) | 18.23 | |||||||||
Performance adjustments | 5,679 | 26.39 | ||||||||||
Forfeited | (672 | ) | 41.45 | |||||||||
Unvested at December 31, 2012 | 137,672 | 35.85 | ||||||||||
Granted | 53,357 | 57.58 | ||||||||||
Vested | (45,809 | ) | 26.08 | |||||||||
Performance adjustments | 4,169 | 25.84 | ||||||||||
Unvested at December 31, 2013 | 149,389 | 46.32 | ||||||||||
During the years ended December 31, 2013, 2012 and 2011, the total intrinsic value of stock options exercised (the difference between the market price on the date of exercise and the option price paid to exercise the option) was $4.0 million, $4.4 million and $1.8 million, respectively. The fair values of restricted stock vested during the years ended December 31, 2013, 2012 and 2011 were $9.7 million, $8.0 million and $2.6 million, respectively. The fair value of performance stock units vested during the year ended December 31, 2013 was $2.3 million. | ||||||||||||
On December 31, 2013, there was $5.4 million of unrecognized stock-based compensation expense. The weighted average period over which this expense is expected to be recognized was approximately one year. |
Short_and_LongTerm_Debt
Short and Long-Term Debt | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Short and Long-Term Debt | ' | |||||||
Short and Long-Term Debt | ||||||||
Short-Term Debt | ||||||||
Short-term borrowings with banks, which excludes the current portion of long-term debt, was $0.8 million and $0.2 million at December 31, 2013 and 2012, respectively. The average month-end balance of total short-term borrowings during 2013 was $0.4 million. The maximum month-end balance of $1.3 million occurred at March 31, 2013. The weighted average interest rates on short-term borrowings at both December 31, 2013 and 2012 was 7%. | ||||||||
Long-Term Debt | ||||||||
December 31, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Industrial development debt issues payable through 2022, 0.30% | $ | 4,000 | $ | 4,000 | ||||
2006 Senior Notes payable through 2021, 5.41% | 53,334 | 60,000 | ||||||
2010 Senior Notes payable through 2021, 4.00% | 100,000 | 100,000 | ||||||
Senior revolving credit facility maturing in 2016 | 110,000 | 115,000 | ||||||
Total | 267,334 | 279,000 | ||||||
Amounts due within one year | 6,667 | 6,667 | ||||||
Long-term debt | 260,667 | 272,333 | ||||||
Our unsecured senior revolving credit facility provides for borrowings of up to $300.0 million through November 2016 and is subject to certain commitment fees. Loans made under the senior revolving credit facility bear interest at a variable rate, which ranged from 1.42% to 1.71% in 2013. Loan proceeds may be used for general corporate purposes, including working capital, permitted acquisitions, capital expenditures and repayment of existing indebtedness. The credit agreement also provides for an uncommitted incremental facility that permits us, subject to certain conditions, to request an increase in the senior credit facility of up to $50.0 million. At December 31, 2013, $184.0 million of the $300.0 million senior revolving credit facility was unused including letters of credit. | ||||||||
The Company had outstanding bank guarantees and standby letters of credit with banks as of December 31, 2013 totaling $9.0 million, of which $6.0 million relate to the senior revolving credit facility. These letters of credit serve to cover customer requirements in connection with certain sales orders, insurance companies and the Company's industrial development debt. No amounts were drawn on these arrangements at December 31, 2013. The Company is also required to provide cash collateral in connection with certain arrangements. At December 31, 2013, the Company has $2.2 million of restricted cash in support of these arrangements. At December 31, 2013, the Company also has a $4.1 million guarantee relating to voluntary retirement payments for its unionized workers in Germany. | ||||||||
Approximate maturities on our long-term debt over the next five years are $6.7 million in 2014, $6.7 million in 2015, $116.7 million in 2016, $26.7 million in 2017, $26.7 million in 2018, and $83.8 million thereafter. Some debt agreements require us to maintain certain financial ratios and minimum net worth and also contain restrictions on the total amount of debt. We were in compliance with all but one of our debt covenants at December 31, 2013. | ||||||||
In January 2014 the Company determined that it was in technical violation of one loan covenant related to the threshold for priority indebtedness in its 2006 Senior Note Purchase Agreement dated December 20, 2006 which resulted in cross default violations in two other loan agreements. The Company obtained the appropriate waivers from its lenders which were fully executed on February 12, 2014. The underlying financial covenants of the Note Purchase Agreement were amended at the same time. We are currently in compliance with all of our debt covenants. | ||||||||
Management has filed to redeem the $4.0 million of Industrial development debt on February 28, 2014. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Goodwill and Intangible Assets | ' | |||||||
Goodwill and Intangible Assets | ||||||||
Changes in goodwill during the years ended December 31, 2013 and 2012 were as follows: | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Net balance at January 1 | $ | 258,400 | $ | 259,084 | ||||
Disposals | — | (1,800 | ) | |||||
Currency translation | 1,734 | 1,116 | ||||||
Net balance at December 31 | 260,134 | 258,400 | ||||||
At December 31, 2013, goodwill of $196.5 million, $61.3 million and $2.3 million related to the North American, European and International reporting segments, respectively. | ||||||||
Changes in intangible assets, net of accumulated amortization, during the years ended December 31, 2013 and 2012 were as follows: | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Net balance at January 1 | $ | 38,648 | $ | 47,119 | ||||
Amortization expense | (3,708 | ) | (4,181 | ) | ||||
Impairment losses | — | (4,272 | ) | |||||
Currency translation | 89 | (18 | ) | |||||
Net balance at December 31 | 35,029 | 38,648 | ||||||
At December 31, 2013, gross intangible assets totaled $67.0 million, while impairment reserves and accumulated amortization of intangibles was $32.0 million. Gross intangible assets include $27.6 million of distribution agreements; $14.3 million of patents, trademarks and copyrights; $11.0 million of technology related assets; $7.1 million of license agreements; and $7.0 million of other intangible assets. Accumulated amortization on these intangible assets was $5.5 million, $8.8 million, $4.7 million, $7.0 million, and $6.0 million, respectively. Intangible asset amortization expense over the next five years is expected to be approximately $3.5 million in 2014, $3.5 million in 2015, $3.3 million in 2016, $2.9 million in 2017, and $1.9 million in 2018. | ||||||||
In December 2012, we discontinued our firefighter location development project and commenced an active program to sell the related intangible assets. As a result of this decision, we recognized an impairment loss $4.3 million to write-off the carrying value of these intangibles, consisting primarily of patents and trade secrets. The impairment loss is reported in other income in the income statement and included in Reconciling Items in segment information. | ||||||||
During 2012, we sold certain assets related to our North American ballistic helmet business, resulting in the disposal of $1.8 million of goodwill. The impact of this transaction and the operating results of the North American ballistic helmet businesses was not material to net income or earnings per share for all periods presented and are not expected to be significant to future results. |
Pensions_and_Other_Postretirem
Pensions and Other Postretirement Benefits | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||
Pensions and Other Postretirement Benefits | ' | |||||||||||||||||||||||
Pensions and Other Postretirement Benefits | ||||||||||||||||||||||||
We maintain various defined benefit and defined contribution plans covering the majority of our employees. Our principal U.S. plan is funded in compliance with the Employee Retirement Income Security Act (ERISA). It is our general policy to fund current costs for the international plans, except in Germany and Mexico, where it is common practice and permissible under tax laws to accrue book reserves. | ||||||||||||||||||||||||
We provide health care benefits and limited life insurance for certain retired employees who are covered by our principal U.S. defined benefit pension plan until they become Medicare-eligible. | ||||||||||||||||||||||||
Information pertaining to defined benefit pension plans and other postretirement benefits plans is provided in the following table: | ||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Change in Benefit Obligations | ||||||||||||||||||||||||
Benefit obligations at January 1 | $ | 463,806 | $ | 394,269 | $ | 30,551 | $ | 30,425 | ||||||||||||||||
Service cost | 11,132 | 9,511 | 687 | 694 | ||||||||||||||||||||
Interest cost | 17,934 | 19,018 | 1,050 | 1,265 | ||||||||||||||||||||
Participant contributions | 136 | 137 | — | — | ||||||||||||||||||||
Plan Amendments | (239 | ) | — | 144 | — | |||||||||||||||||||
Actuarial (gains) losses | (34,248 | ) | 58,102 | (4,107 | ) | (191 | ) | |||||||||||||||||
Benefits paid | (19,232 | ) | (17,804 | ) | (1,593 | ) | (1,642 | ) | ||||||||||||||||
Settlements | (1,474 | ) | (2,542 | ) | — | — | ||||||||||||||||||
Termination benefits | — | 387 | — | — | ||||||||||||||||||||
Currency translation | 2,544 | 2,728 | — | — | ||||||||||||||||||||
Benefit obligations at December 31 | 440,359 | 463,806 | 26,732 | 30,551 | ||||||||||||||||||||
Change in Plan Assets | ||||||||||||||||||||||||
Fair value of plan assets at January 1 | 384,452 | 357,967 | — | — | ||||||||||||||||||||
Actual return on plan assets | 67,391 | 41,478 | — | — | ||||||||||||||||||||
Employer contributions | 4,053 | 4,448 | 1,449 | 1,642 | ||||||||||||||||||||
Participant contributions | 136 | 137 | 143 | 222 | ||||||||||||||||||||
Settlements | (1,474 | ) | (2,542 | ) | — | — | ||||||||||||||||||
Benefits paid | (16,316 | ) | (15,198 | ) | (1,592 | ) | (1,864 | ) | ||||||||||||||||
Reimbursement of German benefits | (2,916 | ) | (2,606 | ) | — | — | ||||||||||||||||||
Currency translation | (757 | ) | 768 | — | — | |||||||||||||||||||
Fair value of plan assets at December 31 | 434,569 | 384,452 | — | — | ||||||||||||||||||||
Funded Status | ||||||||||||||||||||||||
Funded status at December 31 | (5,790 | ) | (79,354 | ) | (26,732 | ) | (30,551 | ) | ||||||||||||||||
Unrecognized transition losses | 21 | 24 | — | — | ||||||||||||||||||||
Unrecognized prior service cost | 374 | 712 | (2,193 | ) | (2,618 | ) | ||||||||||||||||||
Unrecognized net actuarial losses | 116,945 | 198,169 | 6,832 | 11,492 | ||||||||||||||||||||
Net amount recognized | 111,550 | 119,551 | (22,093 | ) | (21,677 | ) | ||||||||||||||||||
Amounts Recognized in the Balance Sheet | ||||||||||||||||||||||||
Noncurrent assets | 121,054 | 42,818 | — | — | ||||||||||||||||||||
Current liabilities | (5,518 | ) | (5,021 | ) | (1,695 | ) | (1,882 | ) | ||||||||||||||||
Noncurrent liabilities | (121,326 | ) | (117,151 | ) | (25,037 | ) | (28,669 | ) | ||||||||||||||||
Net amount recognized | (5,790 | ) | (79,354 | ) | (26,732 | ) | (30,551 | ) | ||||||||||||||||
Amounts Recognized in Accumulated Other Comprehensive Income | ||||||||||||||||||||||||
Net actuarial losses | 116,945 | 198,169 | 6,832 | 11,492 | ||||||||||||||||||||
Prior service cost (credit) | 374 | 712 | (2,193 | ) | (2,618 | ) | ||||||||||||||||||
Unrecognized net initial obligation | 21 | 24 | — | — | ||||||||||||||||||||
Total (before tax effects) | 117,340 | 198,905 | 4,639 | 8,874 | ||||||||||||||||||||
Accumulated Benefit Obligations for all Defined Benefit Plans | 403,682 | 414,957 | — | — | ||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||
Components of Net Periodic Benefit Cost (Credit) | ||||||||||||||||||||||||
Service cost | $ | 11,132 | $ | 9,511 | $ | 8,674 | $ | 687 | $ | 694 | $ | 785 | ||||||||||||
Interest cost | 17,934 | 19,018 | 19,531 | 1,050 | 1,265 | 1,501 | ||||||||||||||||||
Expected return on plan assets | (30,884 | ) | (32,328 | ) | (34,125 | ) | — | — | — | |||||||||||||||
Amortization of transition amounts | 3 | 2 | 4 | — | — | — | ||||||||||||||||||
Amortization of prior service cost | 102 | 101 | 104 | (424 | ) | (454 | ) | (455 | ) | |||||||||||||||
Recognized net actuarial losses | 13,323 | 6,235 | 793 | 552 | 529 | 710 | ||||||||||||||||||
Curtailment loss | 658 | 747 | 52 | — | — | — | ||||||||||||||||||
Termination benefits | — | 387 | — | — | — | — | ||||||||||||||||||
Net periodic benefit cost (credit) | 12,268 | 3,673 | (4,967 | ) | 1,865 | 2,034 | 2,541 | |||||||||||||||||
Amounts included in accumulated other comprehensive income expected to be recognized in 2014 net periodic benefit costs. | ||||||||||||||||||||||||
(In thousands) | Pension Benefits | Other Benefits | ||||||||||||||||||||||
Loss recognition | $ | 9,039 | $ | 332 | ||||||||||||||||||||
Prior service cost (credit) recognition | 84 | (335 | ) | |||||||||||||||||||||
Transition obligation recognition | 2 | — | ||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Assumptions used to determine benefit obligations | ||||||||||||||||||||||||
Average discount rate | 4.5 | % | 4 | % | 4.6 | % | 3.8 | % | ||||||||||||||||
Rate of compensation increase | 3.1 | % | 3.8 | % | — | — | ||||||||||||||||||
Assumptions used to determine net periodic benefit cost | ||||||||||||||||||||||||
Average discount rate | 4 | % | 5 | % | 3.8 | % | 4.8 | % | ||||||||||||||||
Expected return on plan assets | 8.2 | % | 8.2 | % | — | — | ||||||||||||||||||
Rate of compensation increases | 3.8 | % | 3.9 | % | — | — | ||||||||||||||||||
Discount rates were determined using various corporate bond indexes as indicators of interest rate levels and movements and by matching our projected benefit obligation payment stream to current yields on high quality bonds. | ||||||||||||||||||||||||
The expected return on assets for the 2013 net periodic pension cost was determined by multiplying the expected returns of each asset class (based on historical returns) by the expected percentage of the total portfolio invested in that asset class. A total return was determined by summing the expected returns over all asset classes. | ||||||||||||||||||||||||
Pension Plan Assets at | ||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Equity securities | 71 | % | 64 | % | ||||||||||||||||||||
Fixed income securities | 19 | 25 | ||||||||||||||||||||||
Pooled investment funds | 5 | 6 | ||||||||||||||||||||||
Insurance contracts | 3 | 3 | ||||||||||||||||||||||
Cash and cash equivalents | 2 | 2 | ||||||||||||||||||||||
Total | 100 | % | 100 | % | ||||||||||||||||||||
The overall objective of our pension investment strategy is to earn a rate of return over time to satisfy the benefit obligations of the pension plans and to maintain sufficient liquidity to pay benefits and meet other cash requirements of our pension funds. Investment policies for our primary U.S. pension plan are determined by the plan’s Investment Committee and set forth in the plan’s investment policy. Asset managers are granted discretion for determining sector mix, selecting securities and timing transactions, subject to the guidelines of the investment policy. An aggressive, flexible management of the portfolio is permitted and encouraged, with shifts of emphasis among equities, fixed income securities and cash equivalents at the discretion of each manager. No target asset allocations are set forth in the investment policy. For our non-U.S. pension plans, our investment objective is generally met through the use of pooled investment funds and insurance contracts. | ||||||||||||||||||||||||
The following table summarizes our pension plan assets measured at fair value on a recurring basis by fair value hierarchy level (See Note 17): | ||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
(In thousands) | Quoted Prices | Significant | Significant | Total | ||||||||||||||||||||
in Active | Observable | Unobservable | Fair | |||||||||||||||||||||
Markets for | Inputs | Inputs | Value | |||||||||||||||||||||
Identical | (Level 2) | (Level 3) | ||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
(Level 1) | ||||||||||||||||||||||||
Equity securities | $ | 307,486 | $ | — | $ | 428 | $ | 307,914 | ||||||||||||||||
Fixed income securities | 36,749 | 47,545 | — | 84,294 | ||||||||||||||||||||
Pooled investment funds | — | 22,430 | — | 22,430 | ||||||||||||||||||||
Insurance contracts | — | — | 13,512 | 13,512 | ||||||||||||||||||||
Cash and cash equivalents | 6,067 | — | 352 | 6,419 | ||||||||||||||||||||
Total | 350,302 | 69,975 | 14,292 | 434,569 | ||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
(In thousands) | Quoted Prices | Significant | Significant | Total | ||||||||||||||||||||
in Active | Observable | Unobservable | Fair | |||||||||||||||||||||
Markets for | Inputs | Inputs | Value | |||||||||||||||||||||
Identical | (Level 2) | (Level 3) | ||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
(Level 1) | ||||||||||||||||||||||||
Equity securities | $ | 245,840 | $ | — | $ | — | $ | 245,840 | ||||||||||||||||
Fixed income securities | 43,600 | 52,762 | — | 96,362 | ||||||||||||||||||||
Pooled investment funds | — | 22,030 | — | 22,030 | ||||||||||||||||||||
Insurance contracts | — | — | 12,254 | 12,254 | ||||||||||||||||||||
Cash and cash equivalents | 7,966 | — | — | 7,966 | ||||||||||||||||||||
Total | 297,406 | 74,792 | 12,254 | 384,452 | ||||||||||||||||||||
Equity securities consist primarily of publicly traded U.S. and non-U.S. common stocks. Equities are valued at closing prices reported on the listing stock exchange. | ||||||||||||||||||||||||
Fixed income securities consist primarily of U.S. government and agency bonds and U.S. corporate bonds. Fixed income securities are valued at closing prices reported in active markets or based on yields currently available on comparable securities of issuers with similar credit ratings. When quoted prices are not available for identical or similar bonds, the bond is valued under a discounted cash flow approach that maximizes observable inputs, such as current yields of similar instruments, and may include adjustments, for certain risks that may not be observable, such as credit and liquidity risks. | ||||||||||||||||||||||||
Pooled investment funds consist of mutual and collective investment funds that invest primarily in publicly traded non-U.S. equity and fixed income securities. Pooled investment funds are valued at net asset values calculated by the fund manager based on fair value of the underlying securities. The underlying securities are generally valued at closing prices reported in active markets, quoted prices of similar securities, or discounted cash flows approach that maximizes observable inputs such as current value measurement at the reporting date. | ||||||||||||||||||||||||
Insurance contracts are valued in accordance with the terms of the applicable collective pension contract. | ||||||||||||||||||||||||
Cash equivalents consist primarily of money market and similar temporary investment funds. Cash equivalents are valued at closing prices reported in active markets. | ||||||||||||||||||||||||
The preceding methods may produce fair value measurements that are not indicative of net realizable value or reflective of future fair values. Although we believe the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. | ||||||||||||||||||||||||
The following table presents a reconciliation of Level 3 assets: | ||||||||||||||||||||||||
(In thousands) | Insurance | Other | ||||||||||||||||||||||
Contracts | ||||||||||||||||||||||||
Balance January 1, 2012 | $ | 11,562 | $ | — | ||||||||||||||||||||
Net realized and unrealized gains included in earnings | 1,933 | — | ||||||||||||||||||||||
Net purchases, issuances and settlements | (1,241 | ) | — | |||||||||||||||||||||
Balance December 31, 2012 | 12,254 | — | ||||||||||||||||||||||
Net realized and unrealized gains included in earnings | 1,074 | 780 | ||||||||||||||||||||||
Net purchases, issuances and settlements | 173 | — | ||||||||||||||||||||||
Transfers into Level 3 | 11 | — | ||||||||||||||||||||||
Balance December 31, 2013 | 13,512 | 780 | ||||||||||||||||||||||
We expect to make net contributions of $4.5 million to our pension plans in 2014. | ||||||||||||||||||||||||
For measurement purposes, 7.5% increase in the costs of covered health care benefits was assumed for the year 2013, decreasing by 0.5% for each successive year to 4.5% in 2019 and thereafter. A one-percentage-point change in assumed health care cost trend rates would have increased or decreased the other postretirement benefit obligations and current year plan expense by approximately $1.5 million and $1.7 million, respectively. | ||||||||||||||||||||||||
Expense for defined contribution pension plans was $5.8 million in 2013, $5.9 million in 2012 and $5.7 million in 2011. | ||||||||||||||||||||||||
Estimated pension benefits to be paid under our defined benefit pension plans during the next five years are $20.4 million in 2014, $20.6 million in 2015, $21.2 million in 2016, $22.3 million in 2017, $23.2 million in 2018, and are expected to aggregate $133.3 million for the five years thereafter. Estimated other postretirement benefits to be paid during the next 5 years are $1.7 million in 2014, $1.8 million in 2015, $1.9 million in 2016, $2.0 million in 2017, $2.1 million in 2018, and are expected to aggregate $11 million for the five years thereafter. |
Other_Loss_Income_Net
Other (Loss) Income, Net | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
Other Income, Net | ' | |||||||||||
Other (Loss) Income, Net | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Interest income | $ | 1,142 | $ | 1,411 | $ | 1,809 | ||||||
Land impairment loss | (1,557 | ) | — | — | ||||||||
Gain on asset dispositions, net | 436 | 8,396 | 3,328 | |||||||||
Escrow settlement | — | 4,790 | — | |||||||||
Intangible asset impairment loss (See Note 10) | — | (4,272 | ) | — | ||||||||
Other, net | (196 | ) | 551 | 321 | ||||||||
Total | (175 | ) | 10,876 | 5,458 | ||||||||
During the year ended December 31, 2013, impairment charges were taken on land not used in operations. | ||||||||||||
During the year ended December 31, 2012, we settled an escrow claim for indemnification with the sellers of General Monitors. Under the terms of the settlement, we received $4.8 million in December 2012. The settlement proceeds have been recognized in other income because the settlement occurred after the business combination measurement period ended. The escrow agreement has now expired and the remaining escrow account balance was released to the sellers. In addition, we recognized gains on the sale of assets totaling $8.4 million in 2012 compared to gains of $3.3 million in 2011. These gains were primarily related to property sales in our Cranberry Woods office park. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2013 | |
Leases [Abstract] | ' |
Leases | ' |
Leases | |
We lease office space, manufacturing and warehouse facilities, automobiles and other equipment under operating lease arrangements. Rent expense was $12.9 million in 2013, $12.5 million in 2012 and $12.2 million in 2011. Minimum rent commitments under noncancellable leases are $11.9 million in 2014, $9.8 million in 2015, $4.2 million in 2016, $2.4 million in 2017, $1.8 million in 2018 and $2.8 million thereafter. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||
Derivative Financial Instruments | ' | ||||||||
As part of our currency exchange rate risk management strategy, we enter into certain derivative foreign currency forward contracts that do not meet the GAAP criteria for hedge accounting, but which have the impact of partially offsetting certain foreign currency exposures. We account for these forward contracts on a full mark-to-market basis and report the related gains or losses in currency exchange losses (gains) in the consolidated statement of income. At December 31, 2013, the notional amount of open forward contracts was $54.4 million and the unrealized gain on these contracts was $1.3 million. All open forward contracts will mature during the first quarter of 2014. | |||||||||
The following table presents the balance sheet location and fair value of assets and liabilities associated with derivative financial instruments. | |||||||||
December 31, | |||||||||
(In thousands) | 2013 | 2012 | |||||||
Derivatives not designated as hedging instruments: | |||||||||
Foreign exchange contracts - Prepaid expenses and other current assets | $ | 1,308 | $ | 801 | |||||
The following table presents the income statement location and impact of derivative financial instruments: | |||||||||
(In thousands) | Income Statement | (Gain) | |||||||
Location | Recognized in Income | ||||||||
Year ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Derivatives not designated as hedging instruments: | |||||||||
Foreign exchange contracts | Currency exchange (gains), net | $ | (755 | ) | $ | (1,139 | ) |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2013 | |
Fair Value Disclosures [Abstract] | ' |
Fair Value Measurements | ' |
Fair Value Measurements | |
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are: | |
Level 1—Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets. | |
Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. | |
Level 3—Unobservable inputs for the asset or liability. | |
The valuation methodologies we used to measure financial assets and liabilities were limited to the pension plan assets described in Note 13 and the derivative financial instruments described in Note 16. See Note 13 for the fair value hierarchy classification of pension plan assets. We estimate the fair value of the derivative financial instruments, consisting of foreign currency forward contracts, based upon valuation models with inputs that generally can be verified by observable market conditions and do not involve significant management judgment. Accordingly, the fair values of the derivative financial instruments are classified within Level 2 of the fair value hierarchy. | |
With the exception of fixed rate long-term debt, we believe that the reported carrying amounts of our financial assets and liabilities approximate their fair values. At December 31, 2013, the reported carrying amount of our fixed rate long-term debt (including the current portion) was $153.3 million and the fair value was $160.3 million. The fair value of our long-term debt was determined using cash flow valuation models to estimate the market value of similar transactions as of December 31, 2013. The fair value of this debt was determined using Level 2 inputs as described above. |
Contingencies
Contingencies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Contingencies | ' | |||||||||||
We categorize the product liability losses that we experience into two main categories; single incident and cumulative trauma. Single incident product liability claims are discrete incidents that are typically known to us when they occur and involve observable injuries and, therefore, more quantifiable damages. Therefore, we maintain a reserve for single incident product liability claims based on expected settlement costs for pending claims and an estimate of costs for unreported claims derived from experience, sales volumes and other relevant information. Our reserve for single incident product liability claims at December 31, 2013 and 2012 was $4.0 million and $4.4 million, respectively. Single incident product liability expense was negligible during year ended December 31, 2013. During the years ended December 31, 2012 and 2011, single incident product liability expense was $0.7 million and $1.5 million, respectively. We evaluate our single incident product liability exposures on an ongoing basis and make adjustments to the reserve as new information becomes available. | ||||||||||||
Cumulative trauma product liability claims involve exposures to harmful substances (e.g., silica, asbestos and coal dust) that occurred many years ago and may have developed over long periods of time into diseases such as silicosis, asbestosis or coal worker’s pneumoconiosis. We are presently named as a defendant in 2,840 lawsuits in which plaintiffs allege to have contracted certain cumulative trauma diseases related to exposure to silica, asbestos, and/or coal dust. These lawsuits mainly involve respiratory protection products allegedly manufactured and sold by us. We are unable to estimate total damages sought in these lawsuits as they generally do not specify the injuries alleged or the amount of damages sought, and potentially involve multiple defendants. | ||||||||||||
Cumulative trauma product liability litigation is difficult to predict. In our experience, until late in a lawsuit, we cannot reasonably determine whether it is probable that any given cumulative trauma lawsuit will ultimately result in a liability. This uncertainty is caused by many factors, including the following: cumulative trauma complaints generally do not provide information sufficient to determine if a loss is probable; cumulative trauma litigation is inherently unpredictable and information is often insufficient to determine if a lawsuit will develop into an actively litigated case; and even when a case is actively litigated, it is often difficult to determine if the lawsuit will be dismissed or otherwise resolved until late in the lawsuit. Moreover, even once it is probable that such a lawsuit will result in a loss, it is difficult to reasonably estimate the amount of actual loss that will be incurred. These amounts are highly variable and turn on a case-by-case analysis of the relevant facts, which are often not learned until late in the lawsuit. | ||||||||||||
Because of these factors, we cannot reliably determine our potential liability for such claims until late in the lawsuit. We, therefore, do not record cumulative trauma product liability losses when a lawsuit is filed, but rather, when we learn sufficient information to determine that it is probable that we will incur a loss and the amount of loss can be reasonably estimated. We record expenses for defense costs associated with open cumulative trauma product liability lawsuits as incurred. | ||||||||||||
We cannot estimate any amount or range of possible losses related to resolving pending and future cumulative trauma product liability lawsuits that we may face because of the factors described above. As new information about cumulative trauma product liability cases and future developments becomes available, we reassess our potential exposures. | ||||||||||||
A summary of cumulative trauma product liability lawsuit activity follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Open lawsuits, January 1 | 2,609 | 2,321 | 1,900 | |||||||||
New lawsuits | 489 | 750 | 479 | |||||||||
Settled and dismissed lawsuits | (258 | ) | (462 | ) | (58 | ) | ||||||
Open lawsuits, December 31 | 2,840 | 2,609 | 2,321 | |||||||||
Nearly half of the open lawsuits at December 31, 2013 have had a de minimus level of activity over the last 5 years. It is possible that these cases could become active again at any point due to changes in circumstances. | ||||||||||||
With some common contract exclusions, we maintain insurance for cumulative trauma product liability claims. We have purchased insurance policies for the policy years from 1952-1986 from over 20 different insurance carriers that provide coverage for cumulative trauma product liability losses and, in many instances, related defense costs. In the normal course of business, we make payments to settle product liability claims and for related defense costs. We record receivables for the amounts that are covered by insurance. The available limits of these policies are many times our recorded insurance receivable balance. | ||||||||||||
Various factors could affect the timing and amount of recovery of our insurance receivables, including the outcome of negotiations with insurers, legal proceedings with respect to product liability insurance coverage and the extent to which insurers may become insolvent in the future. | ||||||||||||
Our insurance receivables at December 31, 2013 and 2012 totaled $124.8 million and $130.0 million, respectively, all of which is reported in other non-current assets. | ||||||||||||
A summary of insurance receivable balances and activity related to cumulative trauma product liability losses follows: | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Balance January 1 | $ | 130 | $ | 112.1 | $ | 89 | ||||||
Additions | 34 | 29.7 | 35.6 | |||||||||
Collections and settlements | (39.2 | ) | (11.8 | ) | (12.5 | ) | ||||||
Balance December 31 | 124.8 | 130 | 112.1 | |||||||||
Additions to insurance receivables in the above table represent insured cumulative trauma product liability losses and related defense costs. Uninsured cumulative trauma product liability losses during the years ended December 31, 2013, 2012, and 2011 were $1.7 million, $2.1 million and $1.1 million, respectively. Collections primarily represent agreements with insurance companies to pay amounts due that are applicable to cumulative trauma claims. In cases where the payment stream covers multiple years, the present value of the payments is recorded as a note receivable (current and long term) in the balance sheet within prepaid expenses and other current assets and other noncurrent assets. | ||||||||||||
Our aggregate cumulative trauma product liability losses and administrative and defense costs for the three years ended December 31, 2013, totaled approximately $104.2 million, substantially all of which was insured. | ||||||||||||
We believe that the increase in the insurance receivable balance that we have experienced since 2005 is primarily due to disagreements among our insurance carriers, and consequently with us, as to when their individual obligations to pay us are triggered and the amount of each insurer’s obligation, as compared to other insurers. We believe that our insurers do not contest that they have issued policies to us or that these policies cover certain cumulative trauma product liability claims. We believe that our ability to successfully resolve our insurance litigation with various insurance carriers in recent years demonstrates that we have strong legal positions concerning our rights to coverage. | ||||||||||||
We regularly evaluate the collectability of the insurance receivables and record the amounts that we conclude are probable of collection. Our conclusions are based on our analysis of the terms of the underlying insurance policies, our experience in successfully recovering cumulative trauma product liability claims from our insurers under other policies, the financial ability of our insurance carriers to pay the claims, our understanding and interpretation of the relevant facts and applicable law and the advice of legal counsel, who believe that our insurers are required to provide coverage based on the terms of the policies. | ||||||||||||
Although the outcome of cumulative trauma product liability matters cannot be predicted with certainty and unfavorable resolutions could materially affect our results of operations on a quarter-to-quarter basis, based on information currently available and the amounts of insurance coverage available to us, we believe that the disposition of cumulative trauma product liability lawsuits that are pending against us will not have a materially adverse effect on our future results of operations, financial condition, or liquidity. | ||||||||||||
We are currently involved in insurance coverage litigations with a number of our insurance carriers. | ||||||||||||
In 2009, we sued The North River Insurance Company (North River) in the United States District Court for the Western District of Pennsylvania, alleging that North River breached one of its insurance policies by failing to pay amounts owed to us and that it engaged in bad-faith claims handling. We believe that North River’s refusal to indemnify us under the policy for product liability losses and legal fees paid by us is wholly contrary to Pennsylvania law and we are vigorously pursuing the legal actions necessary to collect all due amounts. Motions for summary judgment on certain issues will be submitted to the court at the earliest possible date. A trial date has not yet been scheduled. | ||||||||||||
In 2010, North River sued us in the Court of Common Pleas of Allegheny County, Pennsylvania seeking a declaratory judgment concerning their responsibilities under three additional policies. We assert claims against North River for breaches of contract for failures to pay amounts owed to us. We also allege that North River engaged in bad-faith claims handling. We believe that North River’s refusal to indemnify us under these policies for product liability losses and legal fees paid by us is wholly contrary to Pennsylvania law and we are vigorously pursuing the legal actions necessary to collect all due amounts. Summary judgment on certain issues is pending with the court. A trial date has not yet been scheduled. | ||||||||||||
In July 2010, we filed a lawsuit in the Superior Court of the State of Delaware seeking declaratory and other relief from the majority of our excess insurance carriers concerning the future rights and obligations of MSA and our excess insurance carriers under various insurance policies. The reason for this insurance coverage action is to secure a comprehensive resolution of our rights under the insurance policies issued by our insurers. The case is currently in discovery. We have resolved our claims against certain of our insurance carriers on some of their policies through negotiated settlements. When settlement is reached, we dismiss the settling carrier from this action in Delaware. | ||||||||||||
During September 2013, we resolved coverage litigation with Associated International Insurance Company, through a negotiated settlement. As part of this settlement, we dismissed all claims against Associated International Insurance Company in the above-referenced coverage litigation in the Superior Court of the State of Delaware. The settlement did not have an impact on our operating results. | ||||||||||||
During December 2013, we resolved coverage litigation with Allstate Insurance Company, through a negotiated settlement. As part of this settlement, both parties dismissed all claims against one another under the above-referenced coverage litigations in the Court of Common Pleas of Allegheny County, Pennsylvania and the Superior Court of the State of Delaware. The settlement did not have an impact on our operating results. | ||||||||||||
During December 2013, we resolved coverage litigation with Columbia Casualty Company, through a negotiated settlement. As part of this settlement, we dismissed all claims against Columbia Casualty Company in the above-referenced coverage litigation in the Superior Court of the State of Delaware. The settlement did not have an impact on our operating results. |
Assets_Held_for_Sale_and_Disco
Assets Held for Sale and Discontinued Operations | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Assets Held for Sale and Discontinued Operations [Abstract] | ' | |||||||||||
Assets Held for Sale | ' | |||||||||||
Assets Held for Sale and Discontinued Operations | ||||||||||||
Assets Held for Sale - In September 2013, we entered into an agreement to sell the detector tube assets. The transaction closed in January, 2014. In addition to the asset sale agreement, we entered into transitional manufacturing and sales agreements with the buyer. Under the terms of the transitional agreements, we will continue to manufacture and sell detector tubes on behalf of the buyer until mid-2014. The gain on the transaction will be recognized in 2014, at the conclusion of the transitional manufacturing period and will not be material to net income or earnings per share. | ||||||||||||
Certain assets related to detector tube manufacturing are classified as held for sale at December 31, 2013. These assets are reported in the following balance sheet lines: | ||||||||||||
(In millions) | 31-Dec-13 | |||||||||||
Inventory | $ | 1.4 | ||||||||||
Property, net of depreciation | 0.2 | |||||||||||
Total assets | 1.6 | |||||||||||
Discontinued Operations - The Company is actively negotiating the sale of substantially all of the assets and liabilities of its South African personal protective equipment distribution business and its Zambian operations. Management has deemed it probable that the sale of these assets and liabilities will close in 2014. The operations of this business qualify as a component of an entity under FASB ASC 205-20 "Presentation of Financial Statements - Discontinued Operations", and thus the operations have been reclassified as discontinued operations and prior periods have been reclassified to conform to this presentation. Management does not believe the assets associated with the South African distribution business or the Zambian operations are impaired at December 31, 2013. | ||||||||||||
Summarized financial information for discontinued operations is as follows: | ||||||||||||
Year ended December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Discontinued Operations | ||||||||||||
Net Sales | $ | 52,692 | $ | 58,461 | $ | 60,414 | ||||||
Other income (loss), net | 40 | 115 | (78 | ) | ||||||||
Cost and expenses: | ||||||||||||
Cost of products sold | 41,181 | 45,277 | 48,544 | |||||||||
Selling, general and administrative | 7,389 | 8,376 | 8,588 | |||||||||
Interest expense | — | 17 | 1 | |||||||||
Currency exchange losses, net | (325 | ) | (41 | ) | (540 | ) | ||||||
Income from discontinued operations before income taxes | 4,487 | 4,947 | 3,743 | |||||||||
Provision for income taxes | 1,426 | 1,128 | 966 | |||||||||
Income from discontinued operations, net of tax | 3,061 | 3,819 | 2,777 | |||||||||
December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||
Discontinued Operations assets and liabilities | ||||||||||||
Cash and Cash Equivalents | $ | 2,980 | $ | 2,465 | ||||||||
Trade receivables, less allowance for doubtful accounts | 7,452 | 8,870 | ||||||||||
Inventories | 11,359 | 11,875 | ||||||||||
Net property | 317 | 286 | ||||||||||
Other assets | 1,326 | 2,252 | ||||||||||
Total assets | 23,434 | 25,748 | ||||||||||
Accounts Payable | 5,447 | 3,356 | ||||||||||
Accrued and other liabilities | 930 | 1,685 | ||||||||||
Total liabilities | 6,377 | 5,041 | ||||||||||
Net assets | 17,057 | 20,707 | ||||||||||
The assets and liabilities reported above are included in the International Segment detail in Note 7. | ||||||||||||
The following summary provides financial information for discontinued operations related to net loss (income) related to noncontrolling interests: | ||||||||||||
Year ended December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | 2,011 | |||||||||
Net loss (income) attributable to noncontrolling interests | ||||||||||||
Loss (income) from continuing operations | $ | 870 | $ | (385 | ) | $ | 250 | |||||
(Income) from discontinued operations | (672 | ) | (739 | ) | (443 | ) | ||||||
Net loss (income) | 198 | (1,124 | ) | (193 | ) | |||||||
Quarterly_Financial_Informatio
Quarterly Financial Information | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||
Quarterly Financial Information | ' | |||||||||||||||||||
Quarterly Financial Information (Unaudited) | ||||||||||||||||||||
2013 | ||||||||||||||||||||
Quarters | Year | |||||||||||||||||||
(In thousands, except earnings per share) | 1st | 2nd | 3rd | 4th | ||||||||||||||||
Continuing Operations: | ||||||||||||||||||||
Net sales | $ | 269,886 | $ | 285,859 | $ | 264,884 | $ | 291,429 | $ | 1,112,058 | ||||||||||
Gross profit | 121,704 | 129,665 | 115,426 | 130,050 | 496,845 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 18,627 | 23,315 | 18,987 | 24,929 | 85,858 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.5 | 0.63 | 0.51 | 0.67 | 2.31 | |||||||||||||||
Diluted | 0.49 | 0.62 | 0.51 | 0.66 | 2.28 | |||||||||||||||
Discontinued Operations: | ||||||||||||||||||||
Net sales | 13,353 | 13,836 | 13,361 | 12,142 | 52,692 | |||||||||||||||
Gross profit | 3,078 | 3,215 | 2,790 | 2,428 | 11,511 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 659 | 734 | 514 | 482 | 2,389 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.02 | 0.02 | 0.01 | 0.01 | 0.06 | |||||||||||||||
Diluted | 0.02 | 0.02 | 0.01 | 0.01 | 0.06 | |||||||||||||||
2012 | ||||||||||||||||||||
Quarters | Year | |||||||||||||||||||
(In thousands, except earnings per share) | 1st | 2nd | 3rd | 4th | ||||||||||||||||
Continuing Operations: | ||||||||||||||||||||
Net sales | $ | 278,255 | $ | 279,367 | $ | 270,480 | $ | 282,341 | $ | 1,110,443 | ||||||||||
Gross profit | 123,377 | 119,538 | 118,391 | 128,242 | 489,548 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 23,090 | 27,078 | 18,173 | 19,216 | 87,557 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.63 | 0.74 | 0.49 | 0.52 | 2.37 | |||||||||||||||
Diluted | 0.62 | 0.73 | 0.48 | 0.51 | 2.34 | |||||||||||||||
Discontinued Operations: | ||||||||||||||||||||
Net sales | 15,230 | 15,371 | 16,087 | 11,773 | 58,461 | |||||||||||||||
Gross profit | 3,614 | 3,588 | 3,863 | 2,119 | 13,184 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 832 | 917 | 1,060 | 271 | 3,080 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.02 | 0.02 | 0.03 | 0.01 | 0.08 | |||||||||||||||
Diluted | 0.02 | 0.02 | 0.03 | 0.01 | 0.08 | |||||||||||||||
* Per share amounts are calculated independently for each period presented; therefore, the sum of the quarterly per share amounts may not equal the per share amounts for the year. |
Subsequent_Event_Notes
Subsequent Event (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Event | ' |
Subsequent Event | |
Subsequent to December 31, 2013, our Safety Works joint venture was informed of a significant unfavorable change to the terms of a contract with its largest customer. The future impact of this change is not estimable at February 24, 2014. |
Schedule_of_Valuation_and_Qual
Schedule of Valuation and Qualifying Accounts Schedule of Valuation and Qualifying Accounts (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||
Valuation and Qualifying Accounts | ' | |||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
Allowance for doubtful accounts: | ||||||||||||
Balance at beginning of year | $ | 7,402 | $ | 7,043 | $ | 9,391 | ||||||
Additions— | ||||||||||||
Charged to costs and expenses | 763 | 1,289 | 1,148 | |||||||||
Deductions— | ||||||||||||
Deductions from reserves, net (1)(2) | 859 | 930 | 3,496 | |||||||||
Balance at end of year | 7,306 | 7,402 | 7,043 | |||||||||
Income tax valuation allowance: | ||||||||||||
Balance at beginning of year | $ | 3,961 | $ | 2,777 | $ | 4,323 | ||||||
Additions— | ||||||||||||
Charged to costs and expenses (3) | 977 | 1,184 | — | |||||||||
Deductions— | ||||||||||||
Deductions from reserves (3) | — | — | 1,546 | |||||||||
Balance at end of year | 4,938 | 3,961 | 2,777 | |||||||||
-1 | Bad debts written off, net of recoveries. | |||||||||||
-2 | Activity for 2013, 2012 and 2011 includes currency translation gains (losses) of $(121), $428 and $(387), respectively. | |||||||||||
-3 | Activity for 2013, 2012 and 2011 includes currency translation gains (losses) of $242, $97 and $(123), respectively. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation—The Consolidated Financial Statements of Mine Safety Appliances Company are prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) and require management to make certain judgments, estimates, and assumptions. These may affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. They also may affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates upon subsequent resolution of identified matters. Certain amounts in previously issued financial statements were reclassified to conform to the 2013 presentation. See Note 19 for further information regarding Discontinued Operations. | |
Principles of Consolidation | ' |
Principles of Consolidation—The consolidated financial statements include the accounts of the company and all subsidiaries. Intercompany accounts and transactions are eliminated. | |
Noncontrolling Interests | ' |
Noncontrolling Interests—Noncontrolling interests reflect noncontrolling shareholders’ investments in certain consolidated subsidiaries and their proportionate share of the income and accumulated other comprehensive income of those subsidiaries. | |
Currency Translation | ' |
Currency Translation—The functional currency of all significant non-U.S. subsidiaries is the local currency. Assets and liabilities of these operations are translated at year-end exchange rates. Income statement accounts are translated using the average exchange rates for the reporting period. Translation adjustments for these companies are reported as a component of shareholders’ equity and are not included in income. Foreign currency transaction gains and losses are included in net income for the reporting period. | |
Cash Equivalents | ' |
Cash Equivalents—Cash equivalents include temporary deposits with financial institutions and highly liquid investments with original maturities of 90 days or less. | |
Restricted Cash | ' |
Restricted Cash—Restricted cash, which is designated for use other than current operations is included in the Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheet. Restricted cash balances were $2.8 million at December 31, 2013 and were used to support letter of credit balances. The Company did not have restricted cash at December 31, 2012 or 2011. | |
Inventories | ' |
Inventories—Inventories are stated at the lower of cost or market. Most U.S. inventories are valued on the last-in, first-out (LIFO) cost method. Other inventories are valued on the average cost method or at standard costs which approximate actual costs. | |
Property and Depreciation | ' |
Property and Depreciation—Property is recorded at cost. Depreciation is computed using straight-line and accelerated methods over the estimated useful lives of the assets, generally as follows: buildings 20 to 40 years and machinery and equipment 3 to 10 years. Expenditures for significant renewals and improvements are capitalized. Ordinary repairs and maintenance are expensed as incurred. Gains or losses on property dispositions are included in other income and the cost and related depreciation are removed from the accounts. Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $27.1 million, $27.5 million and $27.1 million, respectively. Properties, plants, and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of assets is determined by comparing the estimated undiscounted net cash flows of the operations related to the assets to their carrying amount. An impairment loss would be recognized when the carrying amount of the assets exceeds the estimated undiscounted net cash flows. The amount of the impairment loss to be recorded is calculated as the excess of the carrying value of the assets over their fair value, with fair value determined using the best information available, which generally is a discounted cash flow model. | |
Goodwill and Other Intangible Assets | ' |
Goodwill and Other Intangible Assets—Intangible assets are amortized on a straight-line basis over their useful lives. Intangible assets are reviewed for possible impairment whenever circumstances change such that the recorded value of the asset may not be recoverable. Goodwill is not amortized, but is subject to impairment write-down tests. We test the goodwill of each of our reporting units for impairment at least annually. The annual goodwill impairment tests are performed as of September 30 each year. All goodwill is assigned to reporting units. For this purpose, we consider our operating segments to be our reporting units. We test goodwill for impairment by either performing a qualitative evaluation or a two-step quantitative test. The qualitative evaluation is an assessment of various factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value, including goodwill. | |
Factors considered as part of the qualitative assessment include entity-specific industry, market and general economic conditions. We may elect to bypass the qualitative assessment for some or all of our reporting units and perform a two-step quantitative test. Quantitative testing involves estimating a reporting unit’s fair value. We estimate reporting unit fair value using discounted cash flow methodologies. There has been no impairment of our goodwill as of December 31, 201 | |
Revenue Recognition | ' |
Revenue Recognition—Revenue from the sale of products is recognized when title, ownership and the risk of loss have transferred to the customer, which generally occurs either when product is shipped to the customer or, in the case of most U.S. distributor customers, when product is delivered to the customer’s delivery site. We establish our shipping terms according to local practice and market characteristics. We do not ship product unless we have an order or other documentation authorizing shipment to our customers. We make appropriate provisions for uncollectible accounts receivable and product returns, both of which have historically been insignificant in relation to our net sales. Certain distributor customers receive price rebates based on their level of purchases and other performance criteria that are documented in established distributor programs. These rebates are accrued as a reduction of net sales as they are earned by the customer. | |
Shipping and Handling | ' |
Shipping and Handling—Shipping and handling expenses for products sold to customers are charged to cost of products sold as incurred. Amounts billed to customers for shipping and handling are included in net sales. | |
Product Warranties | ' |
Product Warranties—Estimated expenses related to product warranties and additional service actions are charged to cost of products sold in the period in which the related revenue is recognized or when significant product quality issues are identified. | |
Research and Development | ' |
Research and Development—Research and development costs are expensed as incurred. | |
Income Taxes | ' |
Income Taxes—Deferred income taxes are provided for temporary differences between financial and tax reporting. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. We record tax benefits related to uncertain tax positions taken or expected to be taken on a tax return when such benefits meet a more likely than not threshold. We recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. No provision is made for possible U.S. taxes on the undistributed earnings of foreign subsidiaries that are considered to be reinvested indefinitely. | |
Stock-Based Compensation | ' |
Stock-Based Compensation—We account for stock-based compensation in accordance with the FASB guidance on share-based payment, which requires that we recognize compensation expense for employee and non-employee director stock-based compensation based on the grant date fair value. Except for retirement-eligible participants, for whom there is no requisite service period, this expense is recognized ratably over the requisite service periods following the date of grant. For retirement-eligible participants, this expense is recognized at the grant date. | |
Derivative Instruments | ' |
Derivative Instruments—We may use derivative instruments to minimize the effects of changes in currency exchange rates. We do not enter into derivative transactions for speculative purposes and do not hold derivative instruments for trading purposes. Changes in the fair value of derivative instruments designated as fair value hedges are recorded in the balance sheet as adjustments to the underlying hedged asset or liability. Changes in the fair value of derivative instruments that do not qualify for hedge accounting treatment are recognized in the income statement as currency exchange (income) loss in the current period. | |
Commitments and Contingencies | ' |
Commitments and Contingencies—For asserted claims and assessments, liabilities are recorded when an unfavorable outcome of a matter is deemed to be probable and the loss is reasonably estimable. Management determines the likelihood of an unfavorable outcome based on many factors such as the nature of the matter, available defenses and case strategy, progress of the matter, views and opinions of legal counsel and other advisors, applicability and success of appeals processes, and the outcome of similar historical matters, among others. Once an unfavorable outcome is deemed probable, management weighs the probability of estimated losses, and the most reasonable loss estimate is recorded. If an unfavorable outcome of a matter is deemed to be reasonably possible, then the matter is disclosed and no liability is recorded. With respect to unasserted claims or assessments, management must first determine that the probability that an assertion will be made is likely, then, a determination as to the likelihood of an unfavorable outcome and the ability to reasonably estimate the potential loss is made. Legal matters are reviewed on a continuous basis to determine if there has been a change in management’s judgment regarding the likelihood of an unfavorable outcome or the estimate of a potential loss. | |
Discontinued Operations and Assets Held For Sale | ' |
Discontinued Operations and Assets Held For Sale—For those businesses where management has committed to a plan to divest, each business is valued at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the business exceeds its estimated fair value, an impairment loss is recognized. Fair value is estimated using accepted valuation techniques such as a DCF model, valuations performed by third parties, earnings multiples, or indicative bids, when available. A number of significant estimates and assumptions are involved in the application of these techniques, including the forecasting of markets and market share, sales volumes and prices, costs and expenses, and multiple other factors. Management considers historical experience and all available information at the time the estimates are made; however, the fair value that is ultimately realized upon the divestiture of a business may differ from the estimated fair value reflected in the Consolidated Financial Statements. Depreciation and amortization expense is not recorded on assets of a business to be divested once they are classified as held for sale. | |
For businesses classified as discontinued operations, the results of operations are reclassified from their historical presentation to discontinued operations on the Consolidated Statement of Income, for all periods presented. The gains or losses associated with these divested businesses are recorded in discontinued operations on the Consolidated Statement of Income. Additionally, segment information does not include the operating results of businesses classified as discontinued operations for all periods presented. Management does not expect any continuing involvement with these businesses following their divestiture, and these businesses are expected to be disposed of within one year. |
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Schedule Of Inventories | ' | |||||||
December 31, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Finished products | $ | 74,466 | $ | 72,658 | ||||
Work in process | 8,108 | 13,473 | ||||||
Raw materials and supplies | 54,263 | 50,169 | ||||||
Total inventories | 136,837 | 136,300 | ||||||
Excess of FIFO costs over LIFO costs | 44,670 | 46,519 | ||||||
Total FIFO inventories | 181,507 | 182,819 | ||||||
Property_Plant_and_Equipment_T
Property, Plant, and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment | ' | |||||||
December 31, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Land | $ | 3,835 | $ | 5,267 | ||||
Buildings | 110,534 | 107,082 | ||||||
Machinery and equipment | 349,667 | 334,951 | ||||||
Construction in progress | 16,364 | 10,444 | ||||||
Total | 480,400 | 457,744 | ||||||
Less accumulated depreciation | (327,645 | ) | (310,279 | ) | ||||
Net property | 152,755 | 147,465 | ||||||
Reclassifications_out_of_Accum1
Reclassifications out of Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity [Abstract] | ' | |||||||||||
Reclassification out of Accumulated Other Comprehensive Income | ' | |||||||||||
Year ended December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Amortization of prior service cost | $ | (322 | ) | $ | (353 | ) | $ | (351 | ) | |||
Recognized net actuarial losses | 13,875 | 6,764 | 1,503 | |||||||||
Total reclassifications | 13,553 | 6,411 | 1,152 | |||||||||
Tax benefit | 5,066 | 2,469 | 411 | |||||||||
Total reclassifications, net of tax | 8,487 | 3,942 | 741 | |||||||||
Capital_Stock_Tables
Capital Stock (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure Capital Stock Additional Information [Abstract] | ' | ||||||||||||||||||||
Schedule Of Common Stock Activity | ' | ||||||||||||||||||||
Common stock activity is summarized as follows: | |||||||||||||||||||||
Shares | Dollars | ||||||||||||||||||||
(Dollars in thousands) | Issued | Stock | Treasury | Common | Stock | Treasury | |||||||||||||||
Compensation | Stock | Compensation | Cost | ||||||||||||||||||
Trust | Trust | ||||||||||||||||||||
Balances January 1, 2011 | 62,081,391 | (1,360,714 | ) | (24,200,951 | ) | $ | 88,629 | $ | (7,103 | ) | $ | (263,855 | ) | ||||||||
Restricted stock awards | — | 103,815 | — | (542 | ) | 542 | — | ||||||||||||||
Restricted stock expense | — | — | — | 4,376 | — | — | |||||||||||||||
Restricted stock forfeitures | — | — | (7,469 | ) | (6 | ) | — | — | |||||||||||||
Stock options exercised | — | 94,115 | — | 825 | 491 | — | |||||||||||||||
Stock option expense | — | — | — | 2,343 | — | — | |||||||||||||||
Performance stock expense | — | — | — | 1,019 | — | — | |||||||||||||||
Tax benefit related to stock plans | — | — | — | 632 | — | — | |||||||||||||||
Treasury shares purchased | — | — | (17,597 | ) | — | — | (624 | ) | |||||||||||||
Balances December 31, 2011 | 62,081,391 | (1,162,784 | ) | (24,226,017 | ) | 97,276 | (6,070 | ) | (264,479 | ) | |||||||||||
Restricted stock awards | — | 136,295 | — | (711 | ) | 711 | — | ||||||||||||||
Restricted stock expense | — | — | — | 4,891 | — | — | |||||||||||||||
Restricted stock forfeitures | — | — | (10,815 | ) | (147 | ) | — | — | |||||||||||||
Stock options exercised | — | 223,022 | — | 3,141 | 1,165 | — | |||||||||||||||
Stock option expense | — | — | — | 2,435 | — | — | |||||||||||||||
Performance stock issued | — | 58,037 | — | (303 | ) | 303 | — | ||||||||||||||
Performance stock expense | — | — | — | 2,831 | — | — | |||||||||||||||
Tax benefit related to stock plans | — | — | — | 2,799 | — | — | |||||||||||||||
Treasury shares purchased | — | — | (91,330 | ) | — | — | (3,508 | ) | |||||||||||||
Other, net | — | — | — | (77 | ) | — | — | ||||||||||||||
Balances December 31, 2012 | 62,081,391 | (745,430 | ) | (24,328,162 | ) | 112,135 | (3,891 | ) | (267,987 | ) | |||||||||||
Restricted stock awards | — | 96,686 | — | (505 | ) | 505 | — | ||||||||||||||
Restricted stock expense | — | — | — | 4,244 | — | — | |||||||||||||||
Restricted stock forfeitures | — | — | (7,365 | ) | (115 | ) | — | — | |||||||||||||
Stock options exercised | — | 277,687 | — | 8,194 | 1,449 | — | |||||||||||||||
Stock option expense | — | — | — | 2,825 | — | — | |||||||||||||||
Performance stock issued | — | 67,389 | (352 | ) | 352 | — | |||||||||||||||
Performance stock expense | — | — | — | 3,383 | — | — | |||||||||||||||
Tax benefit related to stock plans | — | — | — | 2,246 | — | — | |||||||||||||||
Treasury shares purchased | — | — | (240,097 | ) | — | — | (11,785 | ) | |||||||||||||
Balances December 31, 2013 | 62,081,391 | (303,668 | ) | (24,575,624 | ) | 132,055 | (1,585 | ) | (279,772 | ) | |||||||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||
Schedule Of Reportable Segment Information | ' | |||||||||||||||||||
Reportable segment information is presented in the following table: | ||||||||||||||||||||
(In thousands) | North | Europe | International | Reconciling | Consolidated | |||||||||||||||
America | Items | Totals | ||||||||||||||||||
2013 | ||||||||||||||||||||
Sales to external customers | $ | 559,193 | $ | 289,760 | $ | 263,105 | $ | — | $ | 1,112,058 | ||||||||||
Intercompany sales | 122,013 | 98,491 | 21,075 | (241,579 | ) | — | ||||||||||||||
Net income: | ||||||||||||||||||||
Continuing operations | 70,577 | 18,398 | 20,373 | (23,490 | ) | 85,858 | ||||||||||||||
Discontinued operations | — | — | 2,389 | — | 2,389 | |||||||||||||||
Total assets | 836,418 | 394,463 | 222,427 | (219,038 | ) | 1,234,270 | ||||||||||||||
Interest income | 243 | 90 | 809 | — | 1,142 | |||||||||||||||
Interest expense | 52 | 175 | 2 | 10,448 | 10,677 | |||||||||||||||
Noncash items: | ||||||||||||||||||||
Depreciation and amortization | 19,732 | 5,357 | 5,675 | — | 30,764 | |||||||||||||||
Pension expense | (4,765 | ) | (6,328 | ) | (1,268 | ) | — | (12,361 | ) | |||||||||||
Income tax provision | 35,602 | 6,133 | 6,182 | (12,772 | ) | 35,145 | ||||||||||||||
Capital expenditures | 17,963 | 11,833 | 6,721 | — | 36,517 | |||||||||||||||
Net Property | 85,087 | 33,162 | 34,505 | 1 | 152,755 | |||||||||||||||
2012 | ||||||||||||||||||||
Sales to external customers | 551,927 | 289,549 | 268,967 | — | 1,110,443 | |||||||||||||||
Intercompany sales | 114,354 | 98,096 | 18,641 | (231,091 | ) | — | ||||||||||||||
Net income: | ||||||||||||||||||||
Continuing operations | 64,270 | 20,424 | 19,238 | (16,375 | ) | 87,557 | ||||||||||||||
Discontinued operations | — | — | 3,080 | — | 3,080 | |||||||||||||||
Total assets | 726,476 | 352,601 | 205,959 | (173,290 | ) | 1,111,746 | ||||||||||||||
Interest income | 364 | 147 | 886 | 14 | 1,411 | |||||||||||||||
Interest expense | 106 | 350 | 78 | 10,810 | 11,344 | |||||||||||||||
Noncash items: | ||||||||||||||||||||
Depreciation and amortization | 21,446 | 5,354 | 4,902 | — | 31,702 | |||||||||||||||
Pension income (expense) | 2,138 | (4,700 | ) | (1,111 | ) | — | (3,673 | ) | ||||||||||||
Income tax provision | 39,125 | 7,362 | 8,085 | (13,171 | ) | 41,401 | ||||||||||||||
Capital expenditures | 20,129 | 5,106 | 6,974 | — | 32,209 | |||||||||||||||
Net Property | 85,923 | 25,460 | 36,081 | 1 | 147,465 | |||||||||||||||
2011 | ||||||||||||||||||||
Sales to external customers | 561,140 | 286,753 | 264,921 | — | 1,112,814 | |||||||||||||||
Intercompany sales | 100,094 | 116,471 | 18,305 | (234,870 | ) | — | ||||||||||||||
Net income: | ||||||||||||||||||||
Continuing operations | 53,674 | 11,689 | 24,818 | (22,663 | ) | 67,518 | ||||||||||||||
Discontinued operations | — | — | 2,334 | — | 2,334 | |||||||||||||||
Total assets | 742,707 | 340,305 | 194,127 | (162,087 | ) | 1,115,052 | ||||||||||||||
Interest income | 78 | 192 | 1,215 | 324 | 1,809 | |||||||||||||||
Interest expense | 29 | 253 | 137 | 13,697 | 14,116 | |||||||||||||||
Noncash items: | ||||||||||||||||||||
Depreciation and amortization | 22,036 | 6,239 | 4,591 | — | 32,866 | |||||||||||||||
Pension income (expense) | 10,800 | (5,638 | ) | (195 | ) | — | 4,967 | |||||||||||||
Income tax provision | 31,821 | 6,187 | 5,726 | (9,927 | ) | 33,807 | ||||||||||||||
Capital expenditures | 20,035 | 4,384 | 5,971 | — | 30,390 | |||||||||||||||
Net property | 85,643 | 25,273 | 34,846 | 1 | 145,763 | |||||||||||||||
Schedule Of Geographic Information On Sales To External Customers, Based On Country Of Origin | ' | |||||||||||||||||||
Geographic information on sales to external customers, based on country of origin: | ||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||
United States | $ | 528,178 | $ | 527,550 | $ | 538,257 | ||||||||||||||
Germany | 71,139 | 74,557 | 75,536 | |||||||||||||||||
Other | 512,741 | 508,336 | 499,021 | |||||||||||||||||
Total | 1,112,058 | 1,110,443 | 1,112,814 | |||||||||||||||||
Schedule Of Geographic Information On Long-Lived Assets, Based On Country Of Origin | ' | |||||||||||||||||||
Geographic information on net property, based on country of origin: | ||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||||||||||
United States | $ | 82,274 | $ | 82,820 | $ | 82,318 | ||||||||||||||
Germany | 16,882 | 8,781 | 9,303 | |||||||||||||||||
China | 16,010 | 14,780 | 14,817 | |||||||||||||||||
Other | 37,589 | 41,084 | 39,325 | |||||||||||||||||
Total | 152,755 | 147,465 | 145,763 | |||||||||||||||||
Earnings_per_Share_Tables
Earnings per Share (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Schedule Of Earnings Per Share | ' | |||||||||||
(In thousands, except per share amounts) | 2013 | 2012 | 2011 | |||||||||
Net income attributable to continuing operations | $ | 85,858 | $ | 87,557 | $ | 67,518 | ||||||
Preferred stock dividends | (41 | ) | (41 | ) | (41 | ) | ||||||
Income from continuing operations available to common equity | 85,817 | 87,516 | 67,477 | |||||||||
Dividends and undistributed earnings allocated to participating securities | (643 | ) | (836 | ) | (730 | ) | ||||||
Income from continuing operations available to common shareholders | 85,174 | 86,680 | 66,747 | |||||||||
Net income attributable to discontinued operations | $ | 2,389 | $ | 3,080 | $ | 2,334 | ||||||
Preferred stock dividends | (1 | ) | (1 | ) | (1 | ) | ||||||
Income from discontinued operations available to common equity | 2,388 | 3,079 | 2,333 | |||||||||
Dividends and undistributed earnings allocated to participating securities | (18 | ) | (29 | ) | (25 | ) | ||||||
Income from discontinued operations available to common shareholders | 2,370 | 3,050 | 2,308 | |||||||||
Basic weighted-average shares outstanding | 36,868 | 36,564 | 36,221 | |||||||||
Stock options and other stock compensation | 582 | 478 | 610 | |||||||||
Diluted weighted-average shares outstanding | 37,450 | 37,042 | 36,831 | |||||||||
Antidilutive stock options | 15 | 744 | 894 | |||||||||
Earnings per share attributable to continuing operations: | ||||||||||||
Basic | $2.31 | $2.37 | $1.85 | |||||||||
Diluted | $2.28 | $2.34 | $1.81 | |||||||||
Earnings per share attributable to discontinued operations: | ||||||||||||
Basic | $0.06 | $0.08 | $0.06 | |||||||||
Diluted | $0.06 | $0.08 | $0.06 |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Components Of Income Before Income Taxes | ' | |||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Components of income before income taxes* | ||||||||||||
U.S. income | $ | 48,621 | $ | 67,043 | $ | 58,817 | ||||||
Non-U.S. income | 71,512 | 62,300 | 42,258 | |||||||||
Income before income taxes | 120,133 | 129,343 | 101,075 | |||||||||
Provision for income taxes* | ||||||||||||
Current | ||||||||||||
Federal | $ | 18,656 | $ | 18,774 | $ | 6,829 | ||||||
State | 1,492 | 2,556 | 872 | |||||||||
Non-U.S. | 18,453 | 19,438 | 17,449 | |||||||||
Total current provision | 38,601 | 40,768 | 25,150 | |||||||||
Deferred | ||||||||||||
Federal | (3,582 | ) | (518 | ) | 10,853 | |||||||
State | (483 | ) | (125 | ) | 772 | |||||||
Non-U.S. | 609 | 1,276 | (2,968 | ) | ||||||||
Total deferred provision | (3,456 | ) | 633 | 8,657 | ||||||||
Provision for income taxes | 35,145 | 41,401 | 33,807 | |||||||||
Reconciliation Of U.S. Federal Income Tax Rates To Effective Tax Rate | ' | |||||||||||
Reconciliation of the U.S. federal income tax rates to our effective tax rate: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
U.S. federal income tax rate | 35 | % | 35 | % | 35 | % | ||||||
State income taxes—U.S. | 0.6 | 1.2 | 1 | |||||||||
Taxes on non-U.S. income | (4.5 | ) | (1.0 | ) | (2.0 | ) | ||||||
Research and development credit | (1.5 | ) | — | (1.3 | ) | |||||||
Manufacturing deduction credit | (1.1 | ) | (2.0 | ) | (0.3 | ) | ||||||
Valuation allowances | 0.5 | (0.2 | ) | 0.1 | ||||||||
Other | 0.3 | (1.0 | ) | 0.9 | ||||||||
Effective income tax rate | 29.3 | % | 32 | % | 33.4 | % | ||||||
Components of Deferred Tax Assets and Liabilities | ' | |||||||||||
Components of deferred tax assets and liabilities: | ||||||||||||
December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||
Deferred tax assets | ||||||||||||
Book expenses capitalized for tax | $ | 7,204 | $ | 8,213 | ||||||||
Postretirement benefits | 18,027 | 19,282 | ||||||||||
Inventory reserves | 5,550 | 4,780 | ||||||||||
Vacation allowances | 1,036 | 1,240 | ||||||||||
Net operating losses and tax credit carryforwards | 6,711 | 7,558 | ||||||||||
Post employment benefits | 757 | 1,006 | ||||||||||
Foreign tax credit carryforwards (expiring in 2019) | 2,227 | 212 | ||||||||||
Stock options | 10,185 | 9,672 | ||||||||||
Liability insurance | 3,686 | 2,754 | ||||||||||
Basis of capital assets | 891 | 1,013 | ||||||||||
Warranties | 3,049 | 3,078 | ||||||||||
Reserve for doubtful accounts | 1,569 | 1,547 | ||||||||||
Other | 9,313 | 5,063 | ||||||||||
Total deferred tax assets | 70,205 | 65,418 | ||||||||||
Valuation allowances | (4,938 | ) | (3,961 | ) | ||||||||
Net deferred tax assets | 65,267 | 61,457 | ||||||||||
Deferred tax liabilities | ||||||||||||
Property, plant and equipment | (8,935 | ) | (10,547 | ) | ||||||||
Pension | (40,833 | ) | (10,915 | ) | ||||||||
Intangibles | (25,212 | ) | (21,492 | ) | ||||||||
Other | (2,455 | ) | (1,110 | ) | ||||||||
Total deferred tax liabilities | (77,435 | ) | (44,064 | ) | ||||||||
Net deferred taxes | (12,168 | ) | 17,393 | |||||||||
Schedule Of Reconciliation Of Change In Tax Liability For Unrecognized Tax Benefits | ' | |||||||||||
A reconciliation of the change in the tax liability for unrecognized tax benefits for the years ended December 31, 2013 and 2012 is as follows: | ||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||
Beginning balance | $ | 9,520 | $ | 12,827 | ||||||||
Adjustments for tax positions related to the current year | (3,628 | ) | (2,672 | ) | ||||||||
Adjustments for tax positions related to prior years | 97 | (367 | ) | |||||||||
Statute expiration | (101 | ) | (268 | ) | ||||||||
Ending balance | 5,888 | 9,520 | ||||||||||
Stock_Plans_Tables
Stock Plans (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||
Schedule Of Stock-Based Compensation Expense | ' | |||||||||||
Stock-based compensation expense was as follows: | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Restricted stock | $ | 4,129 | $ | 4,744 | $ | 4,370 | ||||||
Stock options | 2,825 | 2,435 | 2,343 | |||||||||
Performance stock | 3,383 | 2,831 | 1,019 | |||||||||
Total compensation expense before income taxes | 10,337 | 10,010 | 7,732 | |||||||||
Income tax benefit | 3,810 | 3,700 | 2,825 | |||||||||
Total compensation expense, net of income tax benefit | 6,527 | 6,310 | 4,907 | |||||||||
Schedule Of Fair Value Weighted Average Assumptions For Options Granted | ' | |||||||||||
Stock option expense is based on the fair value of stock option grants estimated on the grant dates using the Black-Scholes option pricing model and the following weighted average assumptions for options granted in 2013, 2012 and 2011. | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Fair value per option | $ | 14.17 | $ | 10.77 | $ | 9.94 | ||||||
Risk-free interest rate | 1.2 | % | 1.2 | % | 2.6 | % | ||||||
Expected dividend yield | 2.8 | % | 3.1 | % | 3.6 | % | ||||||
Expected volatility | 39 | % | 41 | % | 40 | % | ||||||
Expected life (years) | 6.1 | 6.1 | 6.1 | |||||||||
Summary Of Option Activity | ' | |||||||||||
A summary of option activity follows: | ||||||||||||
Shares | Weighted | Exercisable at | ||||||||||
Average | Year-end | |||||||||||
Exercise Price | ||||||||||||
Outstanding January 1, 2011 | 1,749,003 | $ | 29.74 | |||||||||
Granted | 166,247 | 34.09 | ||||||||||
Exercised | (94,115 | ) | 13.99 | |||||||||
Expired | (2,495 | ) | 44.08 | |||||||||
Outstanding December 31, 2011 | 1,818,640 | 30.94 | 907,598 | |||||||||
Granted | 196,469 | 37.33 | ||||||||||
Exercised | (223,022 | ) | 18.93 | |||||||||
Expired | (5,093 | ) | 43.33 | |||||||||
Forfeited | (2,334 | ) | 36.69 | |||||||||
Outstanding December 31, 2012 | 1,784,660 | 33.05 | 1,100,300 | |||||||||
Granted | 188,407 | 49.03 | ||||||||||
Exercised | (277,687 | ) | 34.72 | |||||||||
Outstanding December 31, 2013 | 1,695,380 | 34.55 | 1,178,657 | |||||||||
Characteristics of Outstanding and Exercisable Stock Options | ' | |||||||||||
For various exercise price ranges, characteristics of outstanding and exercisable stock options at December 31, 2013 were as follows: | ||||||||||||
Stock Options Outstanding | ||||||||||||
Range of Exercise Prices | Shares | Weighted-Average | ||||||||||
Exercise Price | Remaining Life | |||||||||||
$17.83 – $29.33 | 609,820 | $ | 21.76 | 5.5 years | ||||||||
$33.55 – $40.88 | 560,795 | 37.34 | 5.6 | |||||||||
$41.26 – $49.92 | 524,765 | 46.42 | 5.4 | |||||||||
$17.83 – $49.92 | 1,695,380 | 34.55 | 5.5 | |||||||||
Stock Options Exercisable | ||||||||||||
Range of Exercise Prices | Shares | Weighted-Average | ||||||||||
Exercise Price | Remaining Life | |||||||||||
$17.83 – $29.33 | 609,820 | $ | 21.76 | 5.5 years | ||||||||
$33.55 – $40.88 | 246,903 | 39.8 | 2.9 | |||||||||
$41.26 – $48.95 | 321,934 | 45.1 | 3.1 | |||||||||
$17.83 – $48.95 | 1,178,657 | 31.91 | 4.3 | |||||||||
Summary of Restricted Stock Activity | ' | |||||||||||
Shares | Weighted Average | |||||||||||
Grant Date | ||||||||||||
Fair Value | ||||||||||||
Unvested at January 1, 2011 | 473,637 | $ | 26.56 | |||||||||
Granted | 125,603 | 33.61 | ||||||||||
Vested | (76,505 | ) | 44.39 | |||||||||
Forfeited | (10,481 | ) | 24.87 | |||||||||
Unvested at December 31, 2011 | 512,254 | 25.66 | ||||||||||
Granted | 130,985 | 37.61 | ||||||||||
Vested | (209,897 | ) | 20.44 | |||||||||
Forfeited | (15,499 | ) | 28.37 | |||||||||
Unvested at December 31, 2012 | 417,843 | 31.92 | ||||||||||
Granted | 92,448 | 48.98 | ||||||||||
Vested | (197,465 | ) | 27.42 | |||||||||
Forfeited | (9,407 | ) | 40.23 | |||||||||
Unvested at December 31, 2013 | 303,419 | 39.79 | ||||||||||
Summary of Performance Stock Unit Activity | ' | |||||||||||
A summary of performance stock unit activity follows: | ||||||||||||
Shares | Weighted Average | |||||||||||
Grant Date | ||||||||||||
Fair Value | ||||||||||||
Unvested at January 1, 2011 | 85,629 | $ | 20.53 | |||||||||
Granted | 48,820 | 33.09 | ||||||||||
Performance adjustments | (7,506 | ) | 21.14 | |||||||||
Forfeited | (1,500 | ) | 30.53 | |||||||||
Unvested at December 31, 2011 | 125,443 | 25.27 | ||||||||||
Granted | 54,928 | 41.33 | ||||||||||
Vested | (47,706 | ) | 18.23 | |||||||||
Performance adjustments | 5,679 | 26.39 | ||||||||||
Forfeited | (672 | ) | 41.45 | |||||||||
Unvested at December 31, 2012 | 137,672 | 35.85 | ||||||||||
Granted | 53,357 | 57.58 | ||||||||||
Vested | (45,809 | ) | 26.08 | |||||||||
Performance adjustments | 4,169 | 25.84 | ||||||||||
Unvested at December 31, 2013 | 149,389 | 46.32 | ||||||||||
ShortTerm_and_LongTerm_Debt_Ta
Short-Term and Long-Term Debt (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Schedule Of Outstanding Debt | ' | |||||||
December 31, | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Industrial development debt issues payable through 2022, 0.30% | $ | 4,000 | $ | 4,000 | ||||
2006 Senior Notes payable through 2021, 5.41% | 53,334 | 60,000 | ||||||
2010 Senior Notes payable through 2021, 4.00% | 100,000 | 100,000 | ||||||
Senior revolving credit facility maturing in 2016 | 110,000 | 115,000 | ||||||
Total | 267,334 | 279,000 | ||||||
Amounts due within one year | 6,667 | 6,667 | ||||||
Long-term debt | 260,667 | 272,333 | ||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||
Changes In Goodwill | ' | |||||||
Changes in goodwill during the years ended December 31, 2013 and 2012 were as follows: | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Net balance at January 1 | $ | 258,400 | $ | 259,084 | ||||
Disposals | — | (1,800 | ) | |||||
Currency translation | 1,734 | 1,116 | ||||||
Net balance at December 31 | 260,134 | 258,400 | ||||||
Changes In Intangible Assets, Net Of Accumulated Amortization | ' | |||||||
Changes in intangible assets, net of accumulated amortization, during the years ended December 31, 2013 and 2012 were as follows: | ||||||||
(In thousands) | 2013 | 2012 | ||||||
Net balance at January 1 | $ | 38,648 | $ | 47,119 | ||||
Amortization expense | (3,708 | ) | (4,181 | ) | ||||
Impairment losses | — | (4,272 | ) | |||||
Currency translation | 89 | (18 | ) | |||||
Net balance at December 31 | 35,029 | 38,648 | ||||||
Pensions_and_Other_Postretirem1
Pensions and Other Postretirement Benefits (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule Of Defined Benefit Pension Plans And Other Postretirement Benefits Plan | ' | |||||||||||||||||||||||
Information pertaining to defined benefit pension plans and other postretirement benefits plans is provided in the following table: | ||||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Change in Benefit Obligations | ||||||||||||||||||||||||
Benefit obligations at January 1 | $ | 463,806 | $ | 394,269 | $ | 30,551 | $ | 30,425 | ||||||||||||||||
Service cost | 11,132 | 9,511 | 687 | 694 | ||||||||||||||||||||
Interest cost | 17,934 | 19,018 | 1,050 | 1,265 | ||||||||||||||||||||
Participant contributions | 136 | 137 | — | — | ||||||||||||||||||||
Plan Amendments | (239 | ) | — | 144 | — | |||||||||||||||||||
Actuarial (gains) losses | (34,248 | ) | 58,102 | (4,107 | ) | (191 | ) | |||||||||||||||||
Benefits paid | (19,232 | ) | (17,804 | ) | (1,593 | ) | (1,642 | ) | ||||||||||||||||
Settlements | (1,474 | ) | (2,542 | ) | — | — | ||||||||||||||||||
Termination benefits | — | 387 | — | — | ||||||||||||||||||||
Currency translation | 2,544 | 2,728 | — | — | ||||||||||||||||||||
Benefit obligations at December 31 | 440,359 | 463,806 | 26,732 | 30,551 | ||||||||||||||||||||
Change in Plan Assets | ||||||||||||||||||||||||
Fair value of plan assets at January 1 | 384,452 | 357,967 | — | — | ||||||||||||||||||||
Actual return on plan assets | 67,391 | 41,478 | — | — | ||||||||||||||||||||
Employer contributions | 4,053 | 4,448 | 1,449 | 1,642 | ||||||||||||||||||||
Participant contributions | 136 | 137 | 143 | 222 | ||||||||||||||||||||
Settlements | (1,474 | ) | (2,542 | ) | — | — | ||||||||||||||||||
Benefits paid | (16,316 | ) | (15,198 | ) | (1,592 | ) | (1,864 | ) | ||||||||||||||||
Reimbursement of German benefits | (2,916 | ) | (2,606 | ) | — | — | ||||||||||||||||||
Currency translation | (757 | ) | 768 | — | — | |||||||||||||||||||
Fair value of plan assets at December 31 | 434,569 | 384,452 | — | — | ||||||||||||||||||||
Funded Status | ||||||||||||||||||||||||
Funded status at December 31 | (5,790 | ) | (79,354 | ) | (26,732 | ) | (30,551 | ) | ||||||||||||||||
Unrecognized transition losses | 21 | 24 | — | — | ||||||||||||||||||||
Unrecognized prior service cost | 374 | 712 | (2,193 | ) | (2,618 | ) | ||||||||||||||||||
Unrecognized net actuarial losses | 116,945 | 198,169 | 6,832 | 11,492 | ||||||||||||||||||||
Net amount recognized | 111,550 | 119,551 | (22,093 | ) | (21,677 | ) | ||||||||||||||||||
Amounts Recognized in the Balance Sheet | ||||||||||||||||||||||||
Noncurrent assets | 121,054 | 42,818 | — | — | ||||||||||||||||||||
Current liabilities | (5,518 | ) | (5,021 | ) | (1,695 | ) | (1,882 | ) | ||||||||||||||||
Noncurrent liabilities | (121,326 | ) | (117,151 | ) | (25,037 | ) | (28,669 | ) | ||||||||||||||||
Net amount recognized | (5,790 | ) | (79,354 | ) | (26,732 | ) | (30,551 | ) | ||||||||||||||||
Amounts Recognized in Accumulated Other Comprehensive Income | ||||||||||||||||||||||||
Net actuarial losses | 116,945 | 198,169 | 6,832 | 11,492 | ||||||||||||||||||||
Prior service cost (credit) | 374 | 712 | (2,193 | ) | (2,618 | ) | ||||||||||||||||||
Unrecognized net initial obligation | 21 | 24 | — | — | ||||||||||||||||||||
Total (before tax effects) | 117,340 | 198,905 | 4,639 | 8,874 | ||||||||||||||||||||
Accumulated Benefit Obligations for all Defined Benefit Plans | 403,682 | 414,957 | — | — | ||||||||||||||||||||
Components Of Net Periodic Benefit (Credit) Cost | ' | |||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||
(In thousands) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||||||||||
Components of Net Periodic Benefit Cost (Credit) | ||||||||||||||||||||||||
Service cost | $ | 11,132 | $ | 9,511 | $ | 8,674 | $ | 687 | $ | 694 | $ | 785 | ||||||||||||
Interest cost | 17,934 | 19,018 | 19,531 | 1,050 | 1,265 | 1,501 | ||||||||||||||||||
Expected return on plan assets | (30,884 | ) | (32,328 | ) | (34,125 | ) | — | — | — | |||||||||||||||
Amortization of transition amounts | 3 | 2 | 4 | — | — | — | ||||||||||||||||||
Amortization of prior service cost | 102 | 101 | 104 | (424 | ) | (454 | ) | (455 | ) | |||||||||||||||
Recognized net actuarial losses | 13,323 | 6,235 | 793 | 552 | 529 | 710 | ||||||||||||||||||
Curtailment loss | 658 | 747 | 52 | — | — | — | ||||||||||||||||||
Termination benefits | — | 387 | — | — | — | — | ||||||||||||||||||
Net periodic benefit cost (credit) | 12,268 | 3,673 | (4,967 | ) | 1,865 | 2,034 | 2,541 | |||||||||||||||||
Schedule Of Amounts Included In Accumulated Other Comprehensive Income Expected To Be Recognized In Net Periodic Benefit Costs | ' | |||||||||||||||||||||||
Amounts included in accumulated other comprehensive income expected to be recognized in 2014 net periodic benefit costs. | ||||||||||||||||||||||||
(In thousands) | Pension Benefits | Other Benefits | ||||||||||||||||||||||
Loss recognition | $ | 9,039 | $ | 332 | ||||||||||||||||||||
Prior service cost (credit) recognition | 84 | (335 | ) | |||||||||||||||||||||
Transition obligation recognition | 2 | — | ||||||||||||||||||||||
Schedule Of Assumptions Used To Determine Benefit Obligations And Net Periodic Benefit Cost | ' | |||||||||||||||||||||||
Pension Benefits | Other Benefits | |||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Assumptions used to determine benefit obligations | ||||||||||||||||||||||||
Average discount rate | 4.5 | % | 4 | % | 4.6 | % | 3.8 | % | ||||||||||||||||
Rate of compensation increase | 3.1 | % | 3.8 | % | — | — | ||||||||||||||||||
Assumptions used to determine net periodic benefit cost | ||||||||||||||||||||||||
Average discount rate | 4 | % | 5 | % | 3.8 | % | 4.8 | % | ||||||||||||||||
Expected return on plan assets | 8.2 | % | 8.2 | % | — | — | ||||||||||||||||||
Rate of compensation increases | 3.8 | % | 3.9 | % | — | — | ||||||||||||||||||
Schedule Of Expected Return On Assets For Net Periodic Pension Cost | ' | |||||||||||||||||||||||
Pension Plan Assets at | ||||||||||||||||||||||||
December 31, | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Equity securities | 71 | % | 64 | % | ||||||||||||||||||||
Fixed income securities | 19 | 25 | ||||||||||||||||||||||
Pooled investment funds | 5 | 6 | ||||||||||||||||||||||
Insurance contracts | 3 | 3 | ||||||||||||||||||||||
Cash and cash equivalents | 2 | 2 | ||||||||||||||||||||||
Total | 100 | % | 100 | % | ||||||||||||||||||||
Summary Of Pension Plan Assets Measured At Fair Value On A Recurring Basis By Fair Value Hierarchy | ' | |||||||||||||||||||||||
The following table summarizes our pension plan assets measured at fair value on a recurring basis by fair value hierarchy level (See Note 17): | ||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
(In thousands) | Quoted Prices | Significant | Significant | Total | ||||||||||||||||||||
in Active | Observable | Unobservable | Fair | |||||||||||||||||||||
Markets for | Inputs | Inputs | Value | |||||||||||||||||||||
Identical | (Level 2) | (Level 3) | ||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
(Level 1) | ||||||||||||||||||||||||
Equity securities | $ | 307,486 | $ | — | $ | 428 | $ | 307,914 | ||||||||||||||||
Fixed income securities | 36,749 | 47,545 | — | 84,294 | ||||||||||||||||||||
Pooled investment funds | — | 22,430 | — | 22,430 | ||||||||||||||||||||
Insurance contracts | — | — | 13,512 | 13,512 | ||||||||||||||||||||
Cash and cash equivalents | 6,067 | — | 352 | 6,419 | ||||||||||||||||||||
Total | 350,302 | 69,975 | 14,292 | 434,569 | ||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
(In thousands) | Quoted Prices | Significant | Significant | Total | ||||||||||||||||||||
in Active | Observable | Unobservable | Fair | |||||||||||||||||||||
Markets for | Inputs | Inputs | Value | |||||||||||||||||||||
Identical | (Level 2) | (Level 3) | ||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
(Level 1) | ||||||||||||||||||||||||
Equity securities | $ | 245,840 | $ | — | $ | — | $ | 245,840 | ||||||||||||||||
Fixed income securities | 43,600 | 52,762 | — | 96,362 | ||||||||||||||||||||
Pooled investment funds | — | 22,030 | — | 22,030 | ||||||||||||||||||||
Insurance contracts | — | — | 12,254 | 12,254 | ||||||||||||||||||||
Cash and cash equivalents | 7,966 | — | — | 7,966 | ||||||||||||||||||||
Total | 297,406 | 74,792 | 12,254 | 384,452 | ||||||||||||||||||||
Schedule Of Reconciliation Of Level 3 Assets | ' | |||||||||||||||||||||||
The following table presents a reconciliation of Level 3 assets: | ||||||||||||||||||||||||
(In thousands) | Insurance | Other | ||||||||||||||||||||||
Contracts | ||||||||||||||||||||||||
Balance January 1, 2012 | $ | 11,562 | $ | — | ||||||||||||||||||||
Net realized and unrealized gains included in earnings | 1,933 | — | ||||||||||||||||||||||
Net purchases, issuances and settlements | (1,241 | ) | — | |||||||||||||||||||||
Balance December 31, 2012 | 12,254 | — | ||||||||||||||||||||||
Net realized and unrealized gains included in earnings | 1,074 | 780 | ||||||||||||||||||||||
Net purchases, issuances and settlements | 173 | — | ||||||||||||||||||||||
Transfers into Level 3 | 11 | — | ||||||||||||||||||||||
Balance December 31, 2013 | 13,512 | 780 | ||||||||||||||||||||||
Other_Loss_Income_Net_Tables
Other (Loss) Income, Net (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
Schedule Of Other Income, Net | ' | |||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Interest income | $ | 1,142 | $ | 1,411 | $ | 1,809 | ||||||
Land impairment loss | (1,557 | ) | — | — | ||||||||
Gain on asset dispositions, net | 436 | 8,396 | 3,328 | |||||||||
Escrow settlement | — | 4,790 | — | |||||||||
Intangible asset impairment loss (See Note 10) | — | (4,272 | ) | — | ||||||||
Other, net | (196 | ) | 551 | 321 | ||||||||
Total | (175 | ) | 10,876 | 5,458 | ||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||
Balance Sheet Location And Fair Value Of Assets And Liabilities Associated With Derivative Financial Instruments | ' | ||||||||
The following table presents the balance sheet location and fair value of assets and liabilities associated with derivative financial instruments. | |||||||||
December 31, | |||||||||
(In thousands) | 2013 | 2012 | |||||||
Derivatives not designated as hedging instruments: | |||||||||
Foreign exchange contracts - Prepaid expenses and other current assets | $ | 1,308 | $ | 801 | |||||
Income Statement Location and Impact of Derivative Financial Instruments | ' | ||||||||
The following table presents the income statement location and impact of derivative financial instruments: | |||||||||
(In thousands) | Income Statement | (Gain) | |||||||
Location | Recognized in Income | ||||||||
Year ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Derivatives not designated as hedging instruments: | |||||||||
Foreign exchange contracts | Currency exchange (gains), net | $ | (755 | ) | $ | (1,139 | ) |
Contingencies_Tables
Contingencies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Summary of Cumulative Trauma Product Liability Claims Activity | ' | |||||||||||
A summary of cumulative trauma product liability lawsuit activity follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Open lawsuits, January 1 | 2,609 | 2,321 | 1,900 | |||||||||
New lawsuits | 489 | 750 | 479 | |||||||||
Settled and dismissed lawsuits | (258 | ) | (462 | ) | (58 | ) | ||||||
Open lawsuits, December 31 | 2,840 | 2,609 | 2,321 | |||||||||
Summary of Insurance Receivable Balances and Activity Related to Cumulative Trauma Product Liability Losses | ' | |||||||||||
A summary of insurance receivable balances and activity related to cumulative trauma product liability losses follows: | ||||||||||||
(In millions) | 2013 | 2012 | 2011 | |||||||||
Balance January 1 | $ | 130 | $ | 112.1 | $ | 89 | ||||||
Additions | 34 | 29.7 | 35.6 | |||||||||
Collections and settlements | (39.2 | ) | (11.8 | ) | (12.5 | ) | ||||||
Balance December 31 | 124.8 | 130 | 112.1 | |||||||||
Assets_Held_for_Sale_and_Disco1
Assets Held for Sale and Discontinued Operations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Assets Held for Sale and Discontinued Operations [Abstract] | ' | |||||||||||
Schedule of Assets Held for Sale | ' | |||||||||||
These assets are reported in the following balance sheet lines: | ||||||||||||
(In millions) | 31-Dec-13 | |||||||||||
Inventory | $ | 1.4 | ||||||||||
Property, net of depreciation | 0.2 | |||||||||||
Total assets | 1.6 | |||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | ' | |||||||||||
Summarized financial information for discontinued operations is as follows: | ||||||||||||
Year ended December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | 2011 | |||||||||
Discontinued Operations | ||||||||||||
Net Sales | $ | 52,692 | $ | 58,461 | $ | 60,414 | ||||||
Other income (loss), net | 40 | 115 | (78 | ) | ||||||||
Cost and expenses: | ||||||||||||
Cost of products sold | 41,181 | 45,277 | 48,544 | |||||||||
Selling, general and administrative | 7,389 | 8,376 | 8,588 | |||||||||
Interest expense | — | 17 | 1 | |||||||||
Currency exchange losses, net | (325 | ) | (41 | ) | (540 | ) | ||||||
Income from discontinued operations before income taxes | 4,487 | 4,947 | 3,743 | |||||||||
Provision for income taxes | 1,426 | 1,128 | 966 | |||||||||
Income from discontinued operations, net of tax | 3,061 | 3,819 | 2,777 | |||||||||
December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | ||||||||||
Discontinued Operations assets and liabilities | ||||||||||||
Cash and Cash Equivalents | $ | 2,980 | $ | 2,465 | ||||||||
Trade receivables, less allowance for doubtful accounts | 7,452 | 8,870 | ||||||||||
Inventories | 11,359 | 11,875 | ||||||||||
Net property | 317 | 286 | ||||||||||
Other assets | 1,326 | 2,252 | ||||||||||
Total assets | 23,434 | 25,748 | ||||||||||
Accounts Payable | 5,447 | 3,356 | ||||||||||
Accrued and other liabilities | 930 | 1,685 | ||||||||||
Total liabilities | 6,377 | 5,041 | ||||||||||
Net assets | 17,057 | 20,707 | ||||||||||
The following summary provides financial information for discontinued operations related to net loss (income) related to noncontrolling interests: | ||||||||||||
Year ended December 31, | ||||||||||||
(In thousands) | 2013 | 2012 | 2,011 | |||||||||
Net loss (income) attributable to noncontrolling interests | ||||||||||||
Loss (income) from continuing operations | $ | 870 | $ | (385 | ) | $ | 250 | |||||
(Income) from discontinued operations | (672 | ) | (739 | ) | (443 | ) | ||||||
Net loss (income) | 198 | (1,124 | ) | (193 | ) | |||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | |||||||||||||||||||
Schedule Of Quarterly Financial Information | ' | |||||||||||||||||||
2013 | ||||||||||||||||||||
Quarters | Year | |||||||||||||||||||
(In thousands, except earnings per share) | 1st | 2nd | 3rd | 4th | ||||||||||||||||
Continuing Operations: | ||||||||||||||||||||
Net sales | $ | 269,886 | $ | 285,859 | $ | 264,884 | $ | 291,429 | $ | 1,112,058 | ||||||||||
Gross profit | 121,704 | 129,665 | 115,426 | 130,050 | 496,845 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 18,627 | 23,315 | 18,987 | 24,929 | 85,858 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.5 | 0.63 | 0.51 | 0.67 | 2.31 | |||||||||||||||
Diluted | 0.49 | 0.62 | 0.51 | 0.66 | 2.28 | |||||||||||||||
Discontinued Operations: | ||||||||||||||||||||
Net sales | 13,353 | 13,836 | 13,361 | 12,142 | 52,692 | |||||||||||||||
Gross profit | 3,078 | 3,215 | 2,790 | 2,428 | 11,511 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 659 | 734 | 514 | 482 | 2,389 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.02 | 0.02 | 0.01 | 0.01 | 0.06 | |||||||||||||||
Diluted | 0.02 | 0.02 | 0.01 | 0.01 | 0.06 | |||||||||||||||
2012 | ||||||||||||||||||||
Quarters | Year | |||||||||||||||||||
(In thousands, except earnings per share) | 1st | 2nd | 3rd | 4th | ||||||||||||||||
Continuing Operations: | ||||||||||||||||||||
Net sales | $ | 278,255 | $ | 279,367 | $ | 270,480 | $ | 282,341 | $ | 1,110,443 | ||||||||||
Gross profit | 123,377 | 119,538 | 118,391 | 128,242 | 489,548 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 23,090 | 27,078 | 18,173 | 19,216 | 87,557 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.63 | 0.74 | 0.49 | 0.52 | 2.37 | |||||||||||||||
Diluted | 0.62 | 0.73 | 0.48 | 0.51 | 2.34 | |||||||||||||||
Discontinued Operations: | ||||||||||||||||||||
Net sales | 15,230 | 15,371 | 16,087 | 11,773 | 58,461 | |||||||||||||||
Gross profit | 3,614 | 3,588 | 3,863 | 2,119 | 13,184 | |||||||||||||||
Net income attributable to Mine Safety Appliances Company | 832 | 917 | 1,060 | 271 | 3,080 | |||||||||||||||
Earnings per share* | ||||||||||||||||||||
Basic | 0.02 | 0.02 | 0.03 | 0.01 | 0.08 | |||||||||||||||
Diluted | 0.02 | 0.02 | 0.03 | 0.01 | 0.08 | |||||||||||||||
* Per share amounts are calculated independently for each period presented; therefore, the sum of the quarterly per share amounts may not equal the per share amounts for the year. |
Significant_Accounting_Policie2
Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Impairment of goodwill | $0 | ' | ' |
Restricted Cash and Cash Equivalents | 2,800,000 | 0 | 0 |
Depreciation expense | $27,100,000 | $27,500,000 | $27,100,000 |
Building | Minimum | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful Lives | '20 years | ' | ' |
Building | Maximum | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful Lives | '40 years | ' | ' |
Machinery and Equipment | Minimum | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful Lives | '3 years | ' | ' |
Machinery and Equipment | Maximum | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful Lives | '10 years | ' | ' |
Restructuring_and_Other_Charge1
Restructuring and Other Charges - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Restructuring and other charges | $5,344,000 | $2,787,000 | $8,559,000 |
European Segment | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Restructuring and other charges | 1,700,000 | 2,500,000 | 4,300,000 |
Severance costs | 3,000,000 | 1,100,000 | 5,800,000 |
North American Segment | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Restructuring and other charges | ' | 300,000 | ' |
Severance costs | ' | 1,500,000 | ' |
Costs associated with the relocation of certain administrative and production activities | ' | ' | 1,700,000 |
International Segment | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' |
Restructuring and other charges | ' | 200,000 | ' |
Severance costs | $2,300,000 | $200,000 | $1,100,000 |
Schedule_Of_Inventories_Detail
Schedule Of Inventories (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Finished products | $74,466 | $72,658 |
Work in process | 8,108 | 13,473 |
Raw materials and supplies | 54,263 | 50,169 |
Total inventories | 136,837 | 136,300 |
Excess of FIFO costs over LIFO costs | 44,670 | 46,519 |
Total FIFO inventories | $181,507 | $182,819 |
Inventories_Additional_Informa
Inventories - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Inventory Disclosure [Abstract] | ' | ' |
Percentage of LIFO inventories on total inventories | 15.00% | 16.00% |
Effect of LIFO liquidation on cost of sales | $2.10 | $0.80 |
Increase in income due to effect of liquidations | $1.40 | $0.50 |
Property_Plant_and_Equipment_D
Property, Plant, and Equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | $480,400 | $457,744 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | -327,645 | -310,279 |
Property, Plant and Equipment, Net | 152,755 | 147,465 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 3,835 | 5,267 |
Building | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 110,534 | 107,082 |
Machinery and Equipment | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 349,667 | 334,951 |
Construction in Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | $16,364 | $10,444 |
Reclassifications_out_of_Accum2
Reclassifications out of Accumulated Other Comprehensive Loss (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' |
Amortization of prior service cost | ($322) | ($353) | ($351) |
Recognized net actuarial losses | 13,875 | 6,764 | 1,503 |
Total reclassifications | 13,553 | 6,411 | 1,152 |
Tax benefit | 5,066 | 2,469 | 411 |
Total reclassifications, net of tax | $8,487 | $3,942 | $741 |
Capital_Stock_Additional_Infor
Capital Stock - Additional Information (Detail) (USD $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Nov. 30, 2005 | |
Second Cumulative Preferred Voting Stock | 4 1/2% Cumulative Preferred Nonvoting Stock | Board of Directors | |||
Capital Unit [Line Items] | ' | ' | ' | ' | ' |
Preferred stock, shares authorized | ' | ' | 1,000,000 | 100,000 | ' |
Preferred stock, par value | $50 | $50 | $10 | $50 | ' |
Percentage of cumulative preferred stock | 4.50% | 4.50% | ' | 4.50% | ' |
Preferred Stock, Callable Price Per Share | ' | ' | ' | $52.50 | ' |
Preferred stock, shares issued | ' | ' | 0 | 71,373 | ' |
Treasury share, number of shares held | ' | ' | ' | 52,878 | ' |
Purchase of treasury shares | $0 | ' | ' | ' | ' |
Common stock, shares authorized | 180,000,000 | ' | ' | ' | ' |
Common stock, par value | $0 | $0 | ' | ' | ' |
Common Stock, Shares, Outstanding | 37,202,099 | 37,007,799 | ' | ' | ' |
Common Stock, Value, Issued | $132,055,000 | $112,135,000 | ' | ' | $100,000,000 |
Summary_of_Common_Stock_Activi
Summary of Common Stock Activity (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' |
Stock options exercised (in shares) | 277,687 | 223,022 | 94,115 |
Restricted stock expense | $4,129 | $4,744 | $4,370 |
Stock option expense | 2,825 | 2,435 | 2,343 |
Common Stock | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' |
Beginning Balances (in shares) | -62,081,391 | -62,081,391 | -62,081,391 |
Ending Balances (in shares) | -62,081,391 | -62,081,391 | -62,081,391 |
Beginning Balances | 112,135 | 97,276 | 88,629 |
Restricted stock awards | -505 | -711 | -542 |
Restricted stock expense | 4,244 | 4,891 | 4,376 |
Restricted stock forfeitures | -115 | -147 | -6 |
Stock options exercised | 8,194 | 3,141 | 825 |
Stock option expense | 2,825 | 2,435 | 2,343 |
Performance stock issued | -352 | -303 | ' |
Performance stock expense | 3,383 | 2,831 | 1,019 |
Tax benefit related to stock plans | 2,246 | 2,799 | 632 |
Other, net | ' | -77 | ' |
Ending Balances | 132,055 | 112,135 | 97,276 |
Stock Compensation Trust | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' |
Beginning Balances (in shares) | -745,430 | -1,162,784 | -1,360,714 |
Restricted stock awards (in shares) | 96,686 | 136,295 | 103,815 |
Stock options exercised (in shares) | 277,687 | 223,022 | 94,115 |
Performance stock issued | 67,389 | 58,037 | ' |
Ending Balances (in shares) | -303,668 | -745,430 | -1,162,784 |
Beginning Balances | -3,891 | -6,070 | -7,103 |
Restricted stock awards | 505 | 711 | 542 |
Stock options exercised | 1,449 | 1,165 | 491 |
Performance stock issued | 352 | 303 | ' |
Ending Balances | -1,585 | -3,891 | -6,070 |
Treasury Stock | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' |
Beginning Balances (in shares) | -24,328,162 | -24,226,017 | -24,200,951 |
Restricted stock forfeitures (in shares) | -7,365 | -10,815 | -7,469 |
Treasury shares purchased (in shares) | -240,097 | -91,330 | -17,597 |
Ending Balances (in shares) | -24,575,624 | -24,328,162 | -24,226,017 |
Beginning Balances | -267,987 | -264,479 | -263,855 |
Treasury shares purchased | -11,785 | -3,508 | -624 |
Ending Balances | ($279,772) | ($267,987) | ($264,479) |
Segment_Information_Additional
Segment Information - Additional Information (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Product Information [Line Items] | ' | ' |
Number of geographic operating segments | 11 | ' |
Number of reportable segments | 3 | ' |
Core Products | Sales | ' | ' |
Product Information [Line Items] | ' | ' |
Concentration Risk, Percentage | 73.00% | 70.00% |
Fix Gas & Flame Detection Instruments | Sales | ' | ' |
Product Information [Line Items] | ' | ' |
Concentration Risk, Percentage | 22.00% | ' |
Breathing Apparatus | Sales | ' | ' |
Product Information [Line Items] | ' | ' |
Concentration Risk, Percentage | 20.00% | ' |
Portable Instruments | Sales | ' | ' |
Product Information [Line Items] | ' | ' |
Concentration Risk, Percentage | 14.00% | ' |
Head Protection | Sales | ' | ' |
Product Information [Line Items] | ' | ' |
Concentration Risk, Percentage | 13.00% | ' |
Fall Protection | Sales | ' | ' |
Product Information [Line Items] | ' | ' |
Concentration Risk, Percentage | 4.00% | ' |
Non-Core Products | Sales | ' | ' |
Product Information [Line Items] | ' | ' |
Concentration Risk, Percentage | 27.00% | 30.00% |
Schedule_Of_Reportable_Segment
Schedule Of Reportable Segment Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales to external customers | $291,429 | $264,884 | $285,859 | $269,886 | $282,341 | $270,480 | $279,367 | $278,255 | $1,112,058 | $1,110,443 | $1,112,814 | |||
Intercompany sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Net income: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Continuing operations | 24,929 | 18,987 | 23,315 | 18,627 | 19,216 | 18,173 | 27,078 | 23,090 | 85,858 | 87,557 | 67,518 | |||
Discontinued operations | 482 | 514 | 734 | 659 | 271 | 1,060 | 917 | 832 | 2,389 | 3,080 | 2,334 | |||
Total assets | 1,234,270 | ' | ' | ' | 1,111,746 | ' | ' | ' | 1,234,270 | 1,111,746 | 1,115,052 | |||
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 1,142 | 1,411 | 1,809 | |||
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 10,677 | 11,344 | 14,116 | |||
Noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 30,764 | 31,702 | 32,866 | |||
Pension income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -12,361 | -3,673 | 4,967 | |||
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 35,145 | [1] | 41,401 | [1] | 33,807 | [1] |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 36,517 | 32,209 | 30,390 | |||
Long-lived assets | 152,755 | ' | ' | ' | 147,465 | ' | ' | ' | 152,755 | 147,465 | 145,763 | |||
North America | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 559,193 | 551,927 | 561,140 | |||
Intercompany sales | ' | ' | ' | ' | ' | ' | ' | ' | 122,013 | 114,354 | 100,094 | |||
Net income: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 70,577 | 64,270 | 53,674 | |||
Discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Total assets | 836,418 | ' | ' | ' | 726,476 | ' | ' | ' | 836,418 | 726,476 | 742,707 | |||
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 243 | 364 | 78 | |||
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 52 | 106 | 29 | |||
Noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 19,732 | 21,446 | 22,036 | |||
Pension income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -4,765 | 2,138 | 10,800 | |||
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 35,602 | 39,125 | 31,821 | |||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 17,963 | 20,129 | 20,035 | |||
Long-lived assets | 85,087 | ' | ' | ' | 85,923 | ' | ' | ' | 85,087 | 85,923 | 85,643 | |||
Europe | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 289,760 | 289,549 | 286,753 | |||
Intercompany sales | ' | ' | ' | ' | ' | ' | ' | ' | 98,491 | 98,096 | 116,471 | |||
Net income: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 18,398 | 20,424 | 11,689 | |||
Discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Total assets | 394,463 | ' | ' | ' | 352,601 | ' | ' | ' | 394,463 | 352,601 | 340,305 | |||
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 90 | 147 | 192 | |||
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 175 | 350 | 253 | |||
Noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 5,357 | 5,354 | 6,239 | |||
Pension income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -6,328 | -4,700 | -5,638 | |||
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 6,133 | 7,362 | 6,187 | |||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 11,833 | 5,106 | 4,384 | |||
Long-lived assets | 33,162 | ' | ' | ' | 25,460 | ' | ' | ' | 33,162 | 25,460 | 25,273 | |||
International | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 263,105 | 268,967 | 264,921 | |||
Intercompany sales | ' | ' | ' | ' | ' | ' | ' | ' | 21,075 | 18,641 | 18,305 | |||
Net income: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 20,373 | 19,238 | 24,818 | |||
Discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 2,389 | 3,080 | 2,334 | |||
Total assets | 222,427 | ' | ' | ' | 205,959 | ' | ' | ' | 222,427 | 205,959 | 194,127 | |||
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 809 | 886 | 1,215 | |||
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 78 | 137 | |||
Noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 5,675 | 4,902 | 4,591 | |||
Pension income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -1,268 | -1,111 | -195 | |||
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | 6,182 | 8,085 | 5,726 | |||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 6,721 | 6,974 | 5,971 | |||
Long-lived assets | 34,505 | ' | ' | ' | 36,081 | ' | ' | ' | 34,505 | 36,081 | 34,846 | |||
Reconciling Items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Intercompany sales | ' | ' | ' | ' | ' | ' | ' | ' | -241,579 | -231,091 | -234,870 | |||
Net income: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -23,490 | -16,375 | -22,663 | |||
Discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Total assets | -219,038 | ' | ' | ' | -173,290 | ' | ' | ' | -219,038 | -173,290 | -162,087 | |||
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 14 | 324 | |||
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 10,448 | 10,810 | 13,697 | |||
Noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Pension income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Income tax provision | ' | ' | ' | ' | ' | ' | ' | ' | -12,772 | -13,171 | -9,927 | |||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||
Long-lived assets | $1 | ' | ' | ' | $1 | ' | ' | ' | $1 | $1 | $1 | |||
[1] | The components of income before income taxes and the provision for income taxes relate to continuing operations. |
Geographic_Information_on_Sale
Geographic Information on Sales to External Customers (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales to external customers | $291,429 | $264,884 | $285,859 | $269,886 | $282,341 | $270,480 | $279,367 | $278,255 | $1,112,058 | $1,110,443 | $1,112,814 |
UNITED STATES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 528,178 | 527,550 | 538,257 |
GERMANY | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 71,139 | 74,557 | 75,536 |
Other Country | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | $512,741 | $508,336 | $499,021 |
Geographic_Information_on_Long
Geographic Information on Long-lived Assets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Long-Lived Assets by Geographical Areas [Line Items] | ' | ' | ' |
Long-lived assets | $152,755 | $147,465 | $145,763 |
UNITED STATES | ' | ' | ' |
Long-Lived Assets by Geographical Areas [Line Items] | ' | ' | ' |
Long-lived assets | 82,274 | 82,820 | 82,318 |
Germany | ' | ' | ' |
Long-Lived Assets by Geographical Areas [Line Items] | ' | ' | ' |
Long-lived assets | 16,882 | 8,781 | 9,303 |
CHINA | ' | ' | ' |
Long-Lived Assets by Geographical Areas [Line Items] | ' | ' | ' |
Long-lived assets | 16,010 | 14,780 | 14,817 |
Other Country | ' | ' | ' |
Long-Lived Assets by Geographical Areas [Line Items] | ' | ' | ' |
Long-lived assets | $37,589 | $41,084 | $39,325 |
Schedule_Of_Earnings_Per_Share
Schedule Of Earnings Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||||
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Net income attributable to continuing operations | $24,929 | $18,987 | $23,315 | $18,627 | $19,216 | $18,173 | $27,078 | $23,090 | $85,858 | $87,557 | $67,518 | ||||||||||
Preferred stock dividends | ' | ' | ' | ' | ' | ' | ' | ' | -41 | -41 | -41 | ||||||||||
Income from continuing operations available to common equity | ' | ' | ' | ' | ' | ' | ' | ' | 85,817 | 87,516 | 67,477 | ||||||||||
Dividends and undistributed earnings allocated to participating securities | ' | ' | ' | ' | ' | ' | ' | ' | -643 | -836 | -730 | ||||||||||
Income from continuing operations available to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | 85,174 | 86,680 | 66,747 | ||||||||||
Net income attributable to discontinued operations | 482 | 514 | 734 | 659 | 271 | 1,060 | 917 | 832 | 2,389 | 3,080 | 2,334 | ||||||||||
Preferred stock dividends | ' | ' | ' | ' | ' | ' | ' | ' | -1 | -1 | -1 | ||||||||||
Income from discontinued operations available to common equity | ' | ' | ' | ' | ' | ' | ' | ' | 2,388 | 3,079 | 2,333 | ||||||||||
Dividends and undistributed earnings allocated to participating securities | ' | ' | ' | ' | ' | ' | ' | ' | -18 | -29 | -25 | ||||||||||
Income from discontinued operations available to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | $2,370 | $3,050 | $2,308 | ||||||||||
Basic weighted-average shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 36,868 | 36,564 | 36,221 | ||||||||||
Stock options and other stock compensation | ' | ' | ' | ' | ' | ' | ' | ' | 582 | 478 | 610 | ||||||||||
Diluted weighted-average shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 37,450 | 37,042 | 36,831 | ||||||||||
Antidilutive stock options | ' | ' | ' | ' | ' | ' | ' | ' | 15 | 744 | 894 | ||||||||||
Earnings per share attributable to continuing operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Income from continuing operations, Basic (dollars per share) | $0.67 | [1] | $0.51 | [1] | $0.63 | [1] | $0.50 | [1] | $0.52 | [1] | $0.49 | [1] | $0.74 | [1] | $0.63 | [1] | $2.31 | [1] | $2.37 | [1] | $1.85 |
Income from continuing operations, Diluted (dollars per share) | $0.66 | [1] | $0.51 | [1] | $0.62 | [1] | $0.49 | [1] | $0.51 | [1] | $0.48 | [1] | $0.73 | [1] | $0.62 | [1] | $2.28 | [1] | $2.34 | [1] | $1.81 |
Earnings per share attributable to discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Income from discontinued operations, Basic (dollars per share) | $0.01 | [1] | $0.01 | [1] | $0.02 | [1] | $0.02 | [1] | $0.01 | [1] | $0.03 | [1] | $0.02 | [1] | $0.02 | [1] | $0.06 | [1] | $0.08 | [1] | $0.06 |
Income from discontinued operations, Diluted (dollars per share) | $0.01 | [1] | $0.01 | [1] | $0.02 | [1] | $0.02 | [1] | $0.01 | [1] | $0.03 | [1] | $0.02 | [1] | $0.02 | [1] | $0.06 | [1] | $0.08 | [1] | $0.06 |
[1] | Per share amounts are calculated independently for each period presented; therefore, the sum of the quarterly per share amounts may not equal the per share amounts for the year. |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Taxes [Line Items] | ' | ' | ' |
Discontinued Operations, Tax Expense | $1,400,000 | $1,100,000 | $1,000,000 |
Discontinued Operations, Deferred Income Tax Expense (Benefit) | 200,000 | -400,000 | 100,000 |
Net operating loss carryforwards | 28,000,000 | ' | ' |
Deferred income taxes on undistributed earnings | 0 | ' | ' |
Undistributed earnings of non-U.S. subsidiaries | 290,500,000 | ' | ' |
Recognized tax benefits | 5,100,000 | 8,600,000 | ' |
Liability for interest expense and penalties accrued | 500,000 | 700,000 | ' |
Accrued additional interest and penalties related to uncertain tax positions | 200,000 | ' | ' |
Expiration Date Two Thousand Fourteen | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' |
Net operating loss carryforward expiring | 200,000 | ' | ' |
Net operating loss carryforwards expiration year | '2014 | ' | ' |
Expiration Date Two Thousand Fifteen | ' | ' | ' |
Income Taxes [Line Items] | ' | ' | ' |
Net operating loss carryforward expiring | $900,000 | ' | ' |
Net operating loss carryforwards expiration year | '2015 | ' | ' |
Components_of_Income_Before_In
Components of Income Before Income Taxes (Detail) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Income Tax Disclosure [Abstract] | ' | ' | ' | |||
U.S. income | $48,621 | [1] | $67,043 | [1] | $58,817 | [1] |
Non-U.S. income | 71,512 | [1] | 62,300 | [1] | 42,258 | [1] |
Income from continuing operations before income taxes | 120,133 | [1] | 129,343 | [1] | 101,075 | [1] |
Current | ' | ' | ' | |||
Federal | 18,656 | [1] | 18,774 | [1] | 6,829 | [1] |
State | 1,492 | [1] | 2,556 | [1] | 872 | [1] |
Non-U.S. | 18,453 | [1] | 19,438 | [1] | 17,449 | [1] |
Total current provision | 38,601 | [1] | 40,768 | [1] | 25,150 | [1] |
Deferred | ' | ' | ' | |||
Federal | -3,582 | [1] | -518 | [1] | 10,853 | [1] |
State | -483 | [1] | -125 | [1] | 772 | [1] |
Non-U.S. | 609 | [1] | 1,276 | [1] | -2,968 | [1] |
Total deferred provision | -3,456 | [1] | 633 | [1] | 8,657 | [1] |
Provision for income taxes | $35,145 | [1] | $41,401 | [1] | $33,807 | [1] |
[1] | The components of income before income taxes and the provision for income taxes relate to continuing operations. |
Reconciliation_Between_US_Fede
Reconciliation Between U.S. Federal Income Tax Rate and Effective Tax Rate (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
U.S. federal income tax rate | 35.00% | 35.00% | 35.00% |
State income taxes—U.S. | 0.60% | 1.20% | 1.00% |
Taxes on non-U.S. income | -4.50% | -1.00% | -2.00% |
Research and development credit | -1.50% | 0.00% | -1.30% |
Manufacturing deduction credit | -1.10% | -2.00% | -0.30% |
Valuation allowances | 0.50% | -0.20% | 0.10% |
Other | 0.30% | -1.00% | 0.90% |
Effective income tax rate | 29.30% | 32.00% | 33.40% |
Components_of_Deferred_Tax_Ass
Components of Deferred Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Book expenses capitalized for tax | $7,204 | $8,213 |
Postretirement benefits | 18,027 | 19,282 |
Inventory reserves | 5,550 | 4,780 |
Vacation allowances | 1,036 | 1,240 |
Net operating losses and tax credit carryforwards | 6,711 | 7,558 |
Post employment benefits | 757 | 1,006 |
Foreign tax credit carryforwards (expiring in 2019) | 2,227 | 212 |
Stock options | 10,185 | 9,672 |
Liability insurance | 3,686 | 2,754 |
Basis of capital assets | 891 | 1,013 |
Warranties | 3,049 | 3,078 |
Reserve for doubtful accounts | 1,569 | 1,547 |
Other | 9,313 | 5,063 |
Total deferred tax assets | 70,205 | 65,418 |
Valuation allowances | -4,938 | -3,961 |
Net deferred tax assets | 65,267 | 61,457 |
Property, plant and equipment | -8,935 | -10,547 |
Pension | -40,833 | -10,915 |
Intangibles | -25,212 | -21,492 |
Other | -2,455 | -1,110 |
Total deferred tax liabilities | -77,435 | -44,064 |
Net deferred taxes | ($12,168) | $17,393 |
Reconciliation_of_Change_in_Ta
Reconciliation of Change in Tax Liability for Unrecognized Tax Benefits (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' |
Beginning balance | $9,520 | $12,827 |
Adjustments for tax positions related to the current year | -3,628 | -2,672 |
Adjustments for tax positions related to prior years | 97 | -367 |
Statute expiration | -101 | -268 |
Ending balance | $5,888 | $9,520 |
Components_of_Deferred_Tax_Ass1
Components of Deferred Tax Assets and Liabilities (Parenthetical) (Detail) (Foreign) | 12 Months Ended |
Dec. 31, 2013 | |
Foreign | ' |
Schedule of Components of Deferred Tax Provision [Line Items] | ' |
Foreign tax credit carryforwards, expiration date | '2019 |
Stock_Plans_Additional_Informa
Stock Plans - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Stock options exercisable period after grant date | '3 years | ' | ' |
Restricted stock vest period after grant date | '3 years | ' | ' |
Share-based Compensation Arrangement by Share-base Payment Award, Fair Value Assumptions, Average Closing Price Used to Calculate Expected Dividend Rate, Period | '1 year | ' | ' |
Stock options expiration period | '10 years | ' | ' |
Cash proceeds from exercise of options | $9,643,000 | $4,306,000 | $1,316,000 |
Excess tax benefit (provision) related to stock plans | 2,246,000 | 2,799,000 | 632,000 |
Aggregate intrinsic value of stock options exercisable | 22,700,000 | ' | ' |
Aggregate intrinsic value of stock options outstanding | 28,200,000 | ' | ' |
Total intrinsic value of stock options exercised | 4,000,000 | 4,400,000 | 1,800,000 |
Unrecognized stock-based compensation expense | 5,400,000 | ' | ' |
Weighted average period over which unrecognized stock-based compensation expense is expected to be recognized, in years | '1 year | ' | ' |
Minimum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Percentage of target award based on achieving targeted performance conditions | 0.00% | ' | ' |
Maximum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Percentage of target award based on achieving targeted performance conditions | 200.00% | ' | ' |
Stock Options | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Excess tax benefit (provision) related to stock plans | 500,000 | 1,600,000 | 700,000 |
Restricted Stock Activity | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Fair value of stock units vested | 9,700,000 | 8,000,000 | 2,600,000 |
Performance Stock Unit Activity | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Fair value of stock units vested | $2,300,000 | ' | ' |
Management | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares reserved for future grants | 1,752,369 | ' | ' |
Non Employee Directors | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares reserved for future grants | 183,702 | ' | ' |
Schedule_of_Stock_Compensation
Schedule of Stock Compensation Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' |
Restricted stock | $4,129 | $4,744 | $4,370 |
Stock options | 2,825 | 2,435 | 2,343 |
Performance stock | 3,383 | 2,831 | 1,019 |
Total compensation expense before income taxes | 10,337 | 10,010 | 7,732 |
Income tax benefit | 3,810 | 3,700 | 2,825 |
Total compensation expense, net of income tax benefit | $6,527 | $6,310 | $4,907 |
Weighted_Average_Assumptions_a
Weighted Average Assumptions and Fair Value of Stock Option Grants (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' |
Fair value per option | $14.17 | $10.77 | $9.94 |
Risk-free interest rate | 1.20% | 1.20% | 2.60% |
Expected dividend yield | 2.80% | 3.10% | 3.60% |
Expected volatility | 39.00% | 41.00% | 40.00% |
Expected life (years) | '6 years 1 month 6 days | '6 years 1 month 6 days | '6 years 1 month 6 days |
Summary_of_Stock_Option_Activi
Summary of Stock Option Activity (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' |
Outstanding Beginning balance, Shares | 1,784,660 | 1,818,640 | 1,749,003 |
Granted, Shares | 188,407 | 196,469 | 166,247 |
Exercised, Shares | -277,687 | -223,022 | -94,115 |
Expired, Shares | ' | -5,093 | -2,495 |
Forfeited, Shares | ' | -2,334 | ' |
Outstanding Ending balance, Shares | 1,695,380 | 1,784,660 | 1,818,640 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' | ' | ' |
Outstanding Beginning balance, Weighted Average Exercise Price | $33.05 | $30.94 | $29.74 |
Granted, Weighted Average Exercise Price | $49.03 | $37.33 | $34.09 |
Exercised, Weighted Average Exercise Price | $34.72 | $18.93 | $13.99 |
Expired, Weighted Average Exercise Price | ' | $43.33 | $44.08 |
Forfeited, Weighted Average Exercise Price | ' | $36.69 | ' |
Outstanding Ending balance,Weighted Average Exercise Price | $34.55 | $33.05 | $30.94 |
Exercisable at end of period | 1,178,657 | 1,100,300 | 907,598 |
Schedule_of_Exercise_Price_Ran
Schedule of Exercise Price Ranges, Characteristics of Outstanding Stock Options (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
$17.83-$29.33 | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, minimum | $17.83 |
Range of Exercise Prices, maximum | $29.33 |
Stock Options Outstanding, Shares | 609,820 |
Stock Options Outstanding, Weighted-Average Exercise Price | $21.76 |
Stock Options Outstanding, Weighted-Average Remaining Life, in years | '5 years 6 months |
Stock Options Exercisable, Shares | 609,820 |
Exercisable, Weighted-Average Exercise Price | $21.76 |
Stock Options Exercisable, Weighted-Average Remaining Life, in years | '5 years 6 months |
$33.55-$40.88 | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, minimum | $33.55 |
Range of Exercise Prices, maximum | $40.88 |
Stock Options Outstanding, Shares | 560,795 |
Stock Options Outstanding, Weighted-Average Exercise Price | $37.34 |
Stock Options Outstanding, Weighted-Average Remaining Life, in years | '5 years 6 months 30 days |
Stock Options Exercisable, Shares | 246,903 |
Exercisable, Weighted-Average Exercise Price | $39.80 |
Stock Options Exercisable, Weighted-Average Remaining Life, in years | '2 years 10 months 24 days |
$41.26-$49.92 | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, minimum | $41.26 |
Range of Exercise Prices, maximum | $49.92 |
Stock Options Outstanding, Shares | 524,765 |
Stock Options Outstanding, Weighted-Average Exercise Price | $46.42 |
Stock Options Outstanding, Weighted-Average Remaining Life, in years | '5 years 4 months 30 days |
Stock Options Exercisable, Shares | 321,934 |
Exercisable, Weighted-Average Exercise Price | $45.10 |
Stock Options Exercisable, Weighted-Average Remaining Life, in years | '3 years 1 month 6 days |
$17.83-$49.92 | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices, minimum | $17.83 |
Range of Exercise Prices, maximum | $49.92 |
Stock Options Outstanding, Shares | 1,695,380 |
Stock Options Outstanding, Weighted-Average Exercise Price | $34.55 |
Stock Options Outstanding, Weighted-Average Remaining Life, in years | '5 years 5 months 30 days |
Stock Options Exercisable, Shares | 1,178,657 |
Exercisable, Weighted-Average Exercise Price | $31.91 |
Stock Options Exercisable, Weighted-Average Remaining Life, in years | '4 years 3 months 18 days |
Summary_of_Restricted_Stock_Ac
Summary of Restricted Stock Activity (Detail) (Restricted Stock Activity, USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock Activity | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' |
Unvested Shares, Beginning Balance | 417,843 | 512,254 | 473,637 |
Granted, Shares | 92,448 | 130,985 | 125,603 |
Vested, Shares | -197,465 | -209,897 | -76,505 |
Forfeited, Shares | -9,407 | -15,499 | -10,481 |
Unvested Shares, Ending Balance | 303,419 | 417,843 | 512,254 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' | ' | ' |
Unvested Weighted Average Grant Date Fair value, Beginning Balance | $31.92 | $25.66 | $26.56 |
Granted, Weighted Average Grant Date Fair Value | $48.98 | $37.61 | $33.61 |
Vested, Weighted Average Grant Date Fair Value | $27.42 | $20.44 | $44.39 |
Forfeited, Weighted Average Grant Date Fair value | $40.23 | $28.37 | $24.87 |
Unvested Weighted Average Grant Date Fair value, Ending Balance | $39.79 | $31.92 | $25.66 |
Summary_of_Performance_Stock_U
Summary of Performance Stock Unit Activity (Detail) (Performance Stock Unit Activity, USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Performance Stock Unit Activity | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' |
Unvested Shares, Beginning Balance | 137,672 | 125,443 | 85,629 |
Granted, Shares | 53,357 | 54,928 | 48,820 |
Vested, Shares | -45,809 | -47,706 | ' |
Performance adjustments, Shares | -4,169 | -5,679 | -7,506 |
Forfeited, Shares | ' | -672 | -1,500 |
Unvested Shares, Ending Balance | 149,389 | 137,672 | 125,443 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' | ' | ' |
Unvested Weighted Average Grant Date Fair value, Beginning Balance | $35.85 | $25.27 | $20.53 |
Granted, Weighted Average Grant Date Fair Value | $57.58 | $41.33 | $33.09 |
Vested, Weighted Average Grant Date Fair Value | $26.08 | $18.23 | ' |
Performance adjustments, Weighted Average Grant Date Fair value | $25.84 | $26.39 | $21.14 |
Forfeited, Weighted Average Grant Date Fair value | ' | $41.45 | $30.53 |
Unvested Weighted Average Grant Date Fair value, Ending Balance | $46.32 | $35.85 | $25.27 |
ShortTerm_Debt_Additional_Info
Short-Term Debt - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Disclosure [Abstract] | ' | ' | ' |
Short-term borrowings with banks, which excludes the current portion of long-term debt | ' | $0.80 | $0.20 |
Average month-end balance | ' | 0.4 | ' |
Maximum month-end balance | $1.30 | ' | ' |
Weighted average interest rate | ' | 7.00% | ' |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 28, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Forecast | Minimum | Maximum | Revolving Credit Facility | Unspecified Arrangement | ||||
Industrial Development Debt Issues Payable Through 2022, 0.30% | ||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured senior revolving credit facility | $300 | ' | ' | ' | ' | ' | ' | ' |
Unsecured senior revolving credit facility, maturity date | 1-Nov-16 | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility Interest Rate | ' | ' | ' | ' | 1.42% | 1.71% | ' | ' |
Increase in the senior credit facility | 50 | ' | ' | ' | ' | ' | ' | ' |
Unused senior revolving credit facility | 184 | ' | ' | ' | ' | ' | ' | ' |
Letters of Credit and Bank Guarantees Outstanding, Amount | 9 | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | ' | ' | 6 | ' |
Restricted Cash and Cash Equivalents | 2.8 | 0 | 0 | ' | ' | ' | ' | 2.2 |
Voluntary Retirement Payments Guaranteed | 4.1 | ' | ' | ' | ' | ' | ' | ' |
Maturity obligation, 2014 | 6.7 | ' | ' | ' | ' | ' | ' | ' |
Maturity obligation, 2015 | 6.7 | ' | ' | ' | ' | ' | ' | ' |
Maturity obligation, 2016 | 116.7 | ' | ' | ' | ' | ' | ' | ' |
Maturity obligation, 2017 | 26.7 | ' | ' | ' | ' | ' | ' | ' |
Maturity obligation, 2018 | 26.7 | ' | ' | ' | ' | ' | ' | ' |
Maturity obligation, thereafter | 83.8 | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Debt Amount Expected to be Redeemed | ' | ' | ' | $4 | ' | ' | ' | ' |
Schedule_of_Outstanding_Debt_D
Schedule of Outstanding Debt (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Senior revolving credit facility maturing in 2016 | $110,000 | $115,000 |
Total | 267,334 | 279,000 |
Amounts due within one year | 6,667 | 6,667 |
Long-term debt | 260,667 | 272,333 |
Industrial Development Debt Issues Payable Through 2022, 0.30% | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Industrial development debt issues payable through 2022, 0.30% | 4,000 | 4,000 |
Senior Notes Payable Through 2021, 5.41% | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior Notes payable | 53,334 | 60,000 |
Senior Notes Payable Through 2021, 4.00% | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior Notes payable | $100,000 | $100,000 |
Schedule_of_Outstanding_Debt_P
Schedule of Outstanding Debt (Parenthetical) (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Debt Instrument [Line Items] | ' | ' |
Debt instruments maturity date | '2016 | '2016 |
Industrial Development Debt Issues Payable Through 2022, 0.30% | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instruments maturity date | '2022 | '2022 |
Senior Notes, interest rate | 0.30% | 0.30% |
Senior Notes Payable Through 2021, 5.41% | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instruments maturity date | '2021 | '2021 |
Senior Notes, interest rate | 5.41% | 5.41% |
Senior Notes Payable Through 2021, 4.00% | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instruments maturity date | '2021 | '2021 |
Senior Notes, interest rate | 4.00% | 4.00% |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill | $258,400,000 | $260,134,000 | $259,084,000 |
Intangible assets totaled | ' | 67,000,000 | ' |
Intangible assets, accumulated amortization | ' | 32,000,000 | ' |
Impairment loss recognized | 4,300,000 | ' | ' |
Disposals of goodwill | 1,800,000 | ' | ' |
Intangible Assets | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Future amortization expense, 2014 | ' | 3,500,000 | ' |
Future amortization expense, 2015 | ' | 3,500,000 | ' |
Future amortization expense, 2016 | ' | 3,300,000 | ' |
Future amortization expense, 2017 | ' | 2,900,000 | ' |
Future amortization expense, 2018 | ' | 1,900,000 | ' |
North American | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill | ' | 196,500,000 | ' |
European | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill | ' | 61,300,000 | ' |
International | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill | ' | 2,300,000 | ' |
Distribution Rights | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible assets totaled | ' | 27,600,000 | ' |
Intangible assets, accumulated amortization | ' | 5,500,000 | ' |
Intellectual Property | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible assets totaled | ' | 14,300,000 | ' |
Intangible assets, accumulated amortization | ' | 8,800,000 | ' |
Technology-Based Intangible Assets | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible assets totaled | ' | 11,000,000 | ' |
Intangible assets, accumulated amortization | ' | 4,700,000 | ' |
Licensing Agreements | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible assets totaled | ' | 7,100,000 | ' |
Intangible assets, accumulated amortization | ' | 7,000,000 | ' |
Other Intangible Assets | ' | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Intangible assets totaled | ' | 7,000,000 | ' |
Intangible assets, accumulated amortization | ' | $6,000,000 | ' |
Schedule_of_Changes_in_Goodwil
Schedule of Changes in Goodwill (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill [Roll Forward] | ' | ' |
Net balance at January 1 | $258,400 | $259,084 |
Disposals | 0 | -1,800 |
Currency translation | 1,734 | 1,116 |
Net balance at December 31 | $260,134 | $258,400 |
Schedule_of_Changes_in_Intangi
Schedule of Changes in Intangible Assets, Net of Accumulated Amortization (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Finite-lived Intangible Assets [Roll Forward] | ' | ' | ' |
Net balance at January 1 | $38,648 | $47,119 | ' |
Amortization expense | -3,708 | -4,181 | ' |
Impairment losses | 0 | -4,272 | 0 |
Currency translation | 89 | -18 | ' |
Net balance at December 31 | $35,029 | $38,648 | $47,119 |
Pensions_and_Other_Postretirem2
Pensions and Other Postretirement Benefits - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Estimated contributions by employer to pension plans | $4.50 | ' | ' |
Percentage increase in health care benefits cost | 7.50% | ' | ' |
Percentage decrease in health care benefits for successive year | 0.50% | ' | ' |
Estimated future percentage of health care benefits | 4.50% | ' | ' |
Percentage of change in assumed health care cost trend rate | 1.00% | ' | ' |
Increase or decrease in other postretirement obligations | 1.5 | ' | ' |
Increase or decrease in current year plan expense | 1.7 | ' | ' |
Expense for defined contribution pension plans | 5.8 | 5.9 | 5.7 |
Pension Benefits | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Estimated benefit payments, 2014 | 20.4 | ' | ' |
Estimated benefit payments, 2015 | 20.6 | ' | ' |
Estimated benefit payments, 2016 | 21.2 | ' | ' |
Estimated benefit payments, 2017 | 22.3 | ' | ' |
Estimated benefit payments, 2018 | 23.2 | ' | ' |
Estimated benefit payments, thereafter | 133.3 | ' | ' |
Other Benefits | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Estimated benefit payments, 2014 | 1.7 | ' | ' |
Estimated benefit payments, 2015 | 1.8 | ' | ' |
Estimated benefit payments, 2016 | 1.9 | ' | ' |
Estimated benefit payments, 2017 | 2 | ' | ' |
Estimated benefit payments, 2018 | 2.1 | ' | ' |
Estimated benefit payments, thereafter | $11 | ' | ' |
Schedule_of_Defined_Benefit_Pe
Schedule of Defined Benefit Pension Plans and Other Postretirement Benefits Plan (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Change in Plan Assets | ' | ' | ' |
Fair value of plan assets at December 31 | $434,569 | $384,452 | ' |
Funded Status | ' | ' | ' |
Noncurrent assets | 121,054 | 42,818 | ' |
Noncurrent liabilities | -152,084 | -151,536 | ' |
Pension Benefits | ' | ' | ' |
Change in Benefit Obligations | ' | ' | ' |
Service cost | 11,132 | 9,511 | 8,674 |
Interest cost | 17,934 | 19,018 | 19,531 |
Actuarial (gains) losses | 13,323 | 6,235 | 793 |
Termination benefits | 0 | -387 | 0 |
Funded Status | ' | ' | ' |
Funded status at December 31 | -5,790 | -79,354 | ' |
Unrecognized transition losses | 21 | 24 | ' |
Unrecognized prior service cost | 374 | 712 | ' |
Unrecognized net actuarial losses | 116,945 | 198,169 | ' |
Net amount recognized | 111,550 | 119,551 | ' |
Noncurrent assets | 121,054 | 42,818 | ' |
Current liabilities | -5,518 | -5,021 | ' |
Noncurrent liabilities | -121,326 | -117,151 | ' |
Net amount recognized | -5,790 | -79,354 | ' |
Amounts Recognized in Accumulated Other Comprehensive Income | ' | ' | ' |
Net actuarial losses | 116,945 | 198,169 | ' |
Prior service cost (credit) | 374 | 712 | ' |
Unrecognized net initial obligation | 21 | 24 | ' |
Total (before tax effects) | 117,340 | 198,905 | ' |
Accumulated Benefit Obligations for all Defined Benefit Plans | 403,682 | 414,957 | ' |
Pension Benefits | Benefit Obligations | ' | ' | ' |
Change in Benefit Obligations | ' | ' | ' |
Benefit obligations at January 1 | 463,806 | 394,269 | ' |
Service cost | 11,132 | 9,511 | ' |
Interest cost | 17,934 | 19,018 | ' |
Participant contributions | 136 | 137 | ' |
Plan Amendments | -239 | 0 | ' |
Actuarial (gains) losses | -34,248 | 58,102 | ' |
Benefits paid | -19,232 | -17,804 | ' |
Settlements | -1,474 | -2,542 | ' |
Termination benefits | 0 | 387 | ' |
Currency translation | 2,544 | 2,728 | ' |
Benefit obligations at December 31 | 440,359 | 463,806 | ' |
Change in Plan Assets | ' | ' | ' |
Settlements | -1,474 | -2,542 | ' |
Benefits paid | -19,232 | -17,804 | ' |
Currency translation | 2,544 | 2,728 | ' |
Pension Benefits | Plan Assets | ' | ' | ' |
Change in Benefit Obligations | ' | ' | ' |
Benefits paid | -16,316 | -15,198 | ' |
Settlements | -1,474 | -2,542 | ' |
Currency translation | -757 | 768 | ' |
Change in Plan Assets | ' | ' | ' |
Fair value of plan assets at January 1 | 384,452 | 357,967 | ' |
Actual return on plan assets | 67,391 | 41,478 | ' |
Employer contributions | 4,053 | 4,448 | ' |
Participant contributions | 136 | 137 | ' |
Settlements | -1,474 | -2,542 | ' |
Benefits paid | -16,316 | -15,198 | ' |
Reimbursement of German benefits | -2,916 | -2,606 | ' |
Currency translation | -757 | 768 | ' |
Fair value of plan assets at December 31 | 434,569 | 384,452 | ' |
Other Benefits | ' | ' | ' |
Change in Benefit Obligations | ' | ' | ' |
Service cost | 687 | 694 | 785 |
Interest cost | 1,050 | 1,265 | 1,501 |
Actuarial (gains) losses | 552 | 529 | 710 |
Termination benefits | 0 | 0 | 0 |
Funded Status | ' | ' | ' |
Funded status at December 31 | -26,732 | -30,551 | ' |
Unrecognized transition losses | 0 | 0 | ' |
Unrecognized prior service cost | -2,193 | -2,618 | ' |
Unrecognized net actuarial losses | 6,832 | 11,492 | ' |
Net amount recognized | -22,093 | -21,677 | ' |
Noncurrent assets | 0 | 0 | ' |
Current liabilities | -1,695 | -1,882 | ' |
Noncurrent liabilities | -25,037 | -28,669 | ' |
Net amount recognized | -26,732 | -30,551 | ' |
Amounts Recognized in Accumulated Other Comprehensive Income | ' | ' | ' |
Net actuarial losses | 6,832 | 11,492 | ' |
Prior service cost (credit) | -2,193 | -2,618 | ' |
Unrecognized net initial obligation | 0 | 0 | ' |
Total (before tax effects) | 4,639 | 8,874 | ' |
Accumulated Benefit Obligations for all Defined Benefit Plans | 0 | 0 | ' |
Other Benefits | Benefit Obligations | ' | ' | ' |
Change in Benefit Obligations | ' | ' | ' |
Benefit obligations at January 1 | 30,551 | 30,425 | ' |
Service cost | 687 | 694 | ' |
Interest cost | 1,050 | 1,265 | ' |
Participant contributions | 0 | 0 | ' |
Plan Amendments | 144 | 0 | ' |
Actuarial (gains) losses | -4,107 | -191 | ' |
Benefits paid | -1,593 | -1,642 | ' |
Settlements | 0 | 0 | ' |
Termination benefits | 0 | 0 | ' |
Currency translation | 0 | 0 | ' |
Benefit obligations at December 31 | 26,732 | 30,551 | ' |
Change in Plan Assets | ' | ' | ' |
Settlements | 0 | 0 | ' |
Benefits paid | -1,593 | -1,642 | ' |
Currency translation | 0 | 0 | ' |
Other Benefits | Plan Assets | ' | ' | ' |
Change in Benefit Obligations | ' | ' | ' |
Benefits paid | -1,592 | -1,864 | ' |
Settlements | 0 | 0 | ' |
Currency translation | 0 | 0 | ' |
Change in Plan Assets | ' | ' | ' |
Fair value of plan assets at January 1 | 0 | 0 | ' |
Actual return on plan assets | 0 | 0 | ' |
Employer contributions | 1,449 | 1,642 | ' |
Participant contributions | 143 | 222 | ' |
Settlements | 0 | 0 | ' |
Benefits paid | -1,592 | -1,864 | ' |
Reimbursement of German benefits | 0 | 0 | ' |
Currency translation | 0 | 0 | ' |
Fair value of plan assets at December 31 | $0 | $0 | ' |
Components_of_Net_Periodic_Ben
Components of Net Periodic Benefit Cost (Credit) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Pension Benefits | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | $11,132 | $9,511 | $8,674 |
Interest cost | 17,934 | 19,018 | 19,531 |
Expected return on plan assets | -30,884 | -32,328 | -34,125 |
Amortization of transition amounts | 3 | 2 | 4 |
Amortization of prior service cost | 102 | 101 | 104 |
Recognized net actuarial losses | 13,323 | 6,235 | 793 |
Curtailment loss | 658 | 747 | 52 |
Termination benefits | 0 | 387 | 0 |
Net periodic benefit cost (credit) | 12,268 | 3,673 | -4,967 |
Other Benefits | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Service cost | 687 | 694 | 785 |
Interest cost | 1,050 | 1,265 | 1,501 |
Expected return on plan assets | 0 | 0 | 0 |
Amortization of transition amounts | 0 | 0 | 0 |
Amortization of prior service cost | -424 | -454 | -455 |
Recognized net actuarial losses | 552 | 529 | 710 |
Curtailment loss | 0 | 0 | 0 |
Termination benefits | 0 | 0 | 0 |
Net periodic benefit cost (credit) | $1,865 | $2,034 | $2,541 |
Schedule_of_Amounts_Included_i
Schedule of Amounts Included in Accumulated Other Comprehensive Income Expected To Be Recognized In Net Periodic Benefit Costs (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Pension Benefits | ' |
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items] | ' |
Loss recognition | $9,039 |
Prior service cost (credit) recognition | 84 |
Transition obligation recognition | 2 |
Other Benefits | ' |
Schedule of Pension and Other Postretirement Benefits Recognized in Accumulated Other Comprehensive Income (Loss) [Line Items] | ' |
Loss recognition | 332 |
Prior service cost (credit) recognition | -335 |
Transition obligation recognition | $0 |
Schedule_of_Assumptions_Used_t
Schedule of Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Pension Benefits | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Assumptions used to determine benefit obligations, Discount rate | 4.50% | 4.00% |
Assumptions used to determine benefit obligations, Rate of compensation increase | 3.10% | 3.80% |
Assumptions used to determine net periodic benefit cost, Discount rate | 4.00% | 5.00% |
Assumptions used to determine net periodic benefit cost, Expected return on plan assets | 8.20% | 8.20% |
Assumptions used to determine net periodic benefit cost, Rate of compensation increases | 3.80% | 3.90% |
Other Benefits | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Assumptions used to determine benefit obligations, Discount rate | 4.60% | 3.80% |
Assumptions used to determine benefit obligations, Rate of compensation increase | 0.00% | 0.00% |
Assumptions used to determine net periodic benefit cost, Discount rate | 3.80% | 4.80% |
Assumptions used to determine net periodic benefit cost, Expected return on plan assets | 0.00% | 0.00% |
Assumptions used to determine net periodic benefit cost, Rate of compensation increases | 0.00% | 0.00% |
Schedule_of_Expected_Return_on
Schedule of Expected Return on Assets for Net Periodic Pension Cost (Detail) | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Total | 100.00% | 100.00% |
Equity Securities | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Total | 71.00% | 64.00% |
Fixed Income Securities | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Total | 19.00% | 25.00% |
Pooled Investment Funds | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Total | 5.00% | 6.00% |
Insurance Contracts | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Total | 3.00% | 3.00% |
Cash and Cash Equivalents | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Total | 2.00% | 2.00% |
Summary_of_Pension_Plan_Assets
Summary of Pension Plan Assets Measured at Fair Value on Recurring Basis by Fair Value Hierarchy (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | $434,569 | $384,452 | ' |
Equity Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 307,914 | 245,840 | ' |
Fixed Income Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 84,294 | 96,362 | ' |
Pooled Investment Funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 22,430 | 22,030 | ' |
Insurance Contracts | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 13,512 | 12,254 | ' |
Cash and Cash Equivalents | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 6,419 | 7,966 | ' |
Fair Value, Inputs, Level 1 | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 350,302 | 297,406 | ' |
Fair Value, Inputs, Level 1 | Equity Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 307,486 | 245,840 | ' |
Fair Value, Inputs, Level 1 | Fixed Income Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 36,749 | 43,600 | ' |
Fair Value, Inputs, Level 1 | Pooled Investment Funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 1 | Insurance Contracts | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 1 | Cash and Cash Equivalents | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 6,067 | 7,966 | ' |
Fair Value, Inputs, Level 2 | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 69,975 | 74,792 | ' |
Fair Value, Inputs, Level 2 | Equity Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 2 | Fixed Income Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 47,545 | 52,762 | ' |
Fair Value, Inputs, Level 2 | Pooled Investment Funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 22,430 | 22,030 | ' |
Fair Value, Inputs, Level 2 | Insurance Contracts | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 2 | Cash and Cash Equivalents | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 3 | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 14,292 | 12,254 | ' |
Fair Value, Inputs, Level 3 | Equity Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 428 | 0 | ' |
Fair Value, Inputs, Level 3 | Fixed Income Securities | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 3 | Pooled Investment Funds | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 3 | Insurance Contracts | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | 13,512 | 12,254 | 11,562 |
Fair Value, Inputs, Level 3 | Cash and Cash Equivalents | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total pension plan assets measured at fair value | $352 | $0 | ' |
Schedule_of_Reconciliation_of_
Schedule of Reconciliation of Level Three Assets (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' |
Fair value of plan assets at December 31 | $434,569 | $384,452 |
Insurance Contracts | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' |
Fair value of plan assets at December 31 | 13,512 | 12,254 |
Fair Value, Inputs, Level 3 | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' |
Fair value of plan assets at December 31 | 14,292 | 12,254 |
Fair Value, Inputs, Level 3 | Insurance Contracts | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' |
Fair value of plan assets at January 1 | 12,254 | 11,562 |
Net realized and unrealized gains included in earnings | 1,074 | 1,933 |
Net purchases, issuances and settlements | 173 | -1,241 |
Transfers into Level 3 | 11 | ' |
Fair value of plan assets at December 31 | 13,512 | 12,254 |
Fair Value, Inputs, Level 3 | Other Contract | ' | ' |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' |
Fair value of plan assets at January 1 | 0 | 0 |
Net realized and unrealized gains included in earnings | 780 | 0 |
Net purchases, issuances and settlements | 0 | 0 |
Transfers into Level 3 | 0 | ' |
Fair value of plan assets at December 31 | $780 | $0 |
Schedule_of_Other_Income_Detai
Schedule of Other Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Income and Expenses [Abstract] | ' | ' | ' |
Interest income | $1,142 | $1,411 | $1,809 |
Land impairment loss | -1,557 | 0 | 0 |
Gain on asset dispositions, net | 436 | 8,396 | 3,328 |
Escrow settlement | 0 | 4,790 | 0 |
Intangible asset impairment loss | 0 | -4,272 | 0 |
Other, net | -196 | 551 | 321 |
Total | ($175) | $10,876 | $5,458 |
Leases_Additional_Information_
Leases - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Leases [Abstract] | ' | ' | ' |
Rent expense | $12.90 | $12.50 | $12.20 |
Minimum rent commitments in 2014 | 11.9 | ' | ' |
Minimum rent commitments in 2015 | 9.8 | ' | ' |
Minimum rent commitments in 2016 | 4.2 | ' | ' |
Minimum rent commitments in 2017 | 2.4 | ' | ' |
Minimum rent commitments in 2018 | 1.8 | ' | ' |
Minimum rent commitments, thereafter | $2.80 | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instrument - Additional Information (Detail) (Foreign Exchange Forward [Member], USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Foreign Exchange Forward [Member] | ' |
Derivative [Line Items] | ' |
Notional amount of open forward contracts | $54.40 |
Unrealized gain on contract | $1.30 |
Balance_Sheet_Location_And_Fai
Balance Sheet Location And Fair Value Of Assets And Liabilities Associated With Derivative Financial Instruments (Detail) (Foreign Exchange Contract, USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Foreign Exchange Contract | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Foreign exchange contracts - Prepaid expenses and other current assets | $1,308 | $801 |
Income_Statement_Location_And_
Income Statement Location And Impact Of Derivative Financial Instruments (Detail) (Derivatives Not Designated As Hedging Instruments, Foreign Exchange Contract, USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Derivatives Not Designated As Hedging Instruments | Foreign Exchange Contract | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Currency exchange (gains), net | ($755) | ($1,139) |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Fair Value Disclosures [Abstract] | ' |
Carrying amount of fixed rate long-term debt | $153.30 |
Fair value of long-term debt | $160.30 |
Contingencies_Additional_Infor
Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 36 Months Ended | 12 Months Ended | |||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
Vendor | LegalMatter | LegalMatter | LegalMatter | Uninsured Cumulative Trauma | Uninsured Cumulative Trauma | Uninsured Cumulative Trauma | Cumulative Trauma | Single Incident | Single Incident | Single Incident | |
LegalMatter | |||||||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reserves for product liability claims | ' | ' | ' | ' | ' | ' | ' | ' | $4.40 | ' | $4 |
Product Liability Expense | ' | ' | ' | ' | 1.7 | 2.1 | 1.1 | 104.2 | 0.7 | 1.5 | ' |
Number of lawsuits | 2,840 | 2,609 | 2,321 | 1,900 | ' | ' | ' | ' | ' | ' | ' |
Years of Activity | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of insurance carriers | 20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Insurance receivables | $124.80 | $130 | $112.10 | $89 | ' | ' | ' | ' | ' | ' | ' |
Summary_of_Cumulative_Trauma_P
Summary of Cumulative Trauma Product Liability Claims Activity (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
LegalMatter | LegalMatter | LegalMatter | |
Loss Contingency, Quantities [Roll Forward] | ' | ' | ' |
Open claims, January 1 | 2,609 | 2,321 | 1,900 |
New lawsuits | 489 | 750 | 479 |
Settled and dismissed lawsuits | -258 | -462 | -58 |
Open claims, December 31 | 2,840 | 2,609 | 2,321 |
Summary_of_Insurance_Receivabl
Summary of Insurance Receivable Balances and Activity Related to Cumulative Trauma Product Liability Losses (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Movement in Loss Contingency Receivable, Increase (Decrease) [Roll Forward] | ' | ' | ' |
Balance January 1 | $130 | $112.10 | $89 |
Additions | 34 | 29.7 | 35.6 |
Collections and settlements | -39.2 | -11.8 | -12.5 |
Balance December 31 | $124.80 | $130 | $112.10 |
Schedule_of_Assets_Held_for_Sa
Schedule of Assets Held for Sale (Detail) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Assets Held for Sale and Discontinued Operations [Abstract] | ' |
Inventory | $1.40 |
Property, net of depreciation | 0.2 |
Total assets | $1.60 |
Assets_Held_for_Sale_and_Disco2
Assets Held for Sale and Discontinued Operations Discontinued Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Assets Held for Sale and Discontinued Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Sales | $12,142 | $13,361 | $13,836 | $13,353 | $11,773 | $16,087 | $15,371 | $15,230 | $52,692 | $58,461 | $60,414 |
Other income (loss), net | ' | ' | ' | ' | ' | ' | ' | ' | 40 | 115 | -78 |
Cost of products sold | ' | ' | ' | ' | ' | ' | ' | ' | 41,181 | 45,277 | 48,544 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 7,389 | 8,376 | 8,588 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 17 | 1 |
Currency exchange losses, net | ' | ' | ' | ' | ' | ' | ' | ' | -325 | -41 | -540 |
Income from discontinued operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 4,487 | 4,947 | 3,743 |
Provision for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 1,426 | 1,128 | 966 |
Income from discontinued operations, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | $3,061 | $3,819 | $2,777 |
Assets_Held_for_Sale_and_Disco3
Assets Held for Sale and Discontinued Operations Discontinued Operations Assets and Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets Held for Sale and Discontinued Operations [Abstract] | ' | ' |
Cash and Cash Equivalents | $2,980 | $2,465 |
Trade receivables, less allowance for doubtful accounts | 7,452 | 8,870 |
Inventories | 11,359 | 11,875 |
Net property | 317 | 286 |
Other assets | 1,326 | 2,252 |
Total assets | 23,434 | 25,748 |
Accounts Payable | 5,447 | 3,356 |
Accrued and other liabilities | 930 | 1,685 |
Total liabilities | 6,377 | 5,041 |
Net Assets | $17,057 | $20,707 |
Assets_Held_for_Sale_and_Disco4
Assets Held for Sale and Discontinued Operations Discontinued Operations Related to Net Loss (Income) Related to Noncontrolling Interest (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Assets Held for Sale and Discontinued Operations [Abstract] | ' | ' | ' |
Loss (income) from continuing operations | $870 | ($385) | $250 |
(Income) from discontinued operations | -672 | -739 | -443 |
Net loss (income) | $198 | ($1,124) | ($193) |
Schedule_of_Quarterly_Financia
Schedule of Quarterly Financial Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Net sales | $291,429 | $264,884 | $285,859 | $269,886 | $282,341 | $270,480 | $279,367 | $278,255 | $1,112,058 | $1,110,443 | $1,112,814 | ||||||||||
Gross profit | 130,050 | 115,426 | 129,665 | 121,704 | 128,242 | 118,391 | 119,538 | 123,377 | 496,845 | 489,548 | ' | ||||||||||
Continuing operations | 24,929 | 18,987 | 23,315 | 18,627 | 19,216 | 18,173 | 27,078 | 23,090 | 85,858 | 87,557 | 67,518 | ||||||||||
Income from continuing operations, Basic (dollars per share) | $0.67 | [1] | $0.51 | [1] | $0.63 | [1] | $0.50 | [1] | $0.52 | [1] | $0.49 | [1] | $0.74 | [1] | $0.63 | [1] | $2.31 | [1] | $2.37 | [1] | $1.85 |
Income from continuing operations, Diluted (dollars per share) | $0.66 | [1] | $0.51 | [1] | $0.62 | [1] | $0.49 | [1] | $0.51 | [1] | $0.48 | [1] | $0.73 | [1] | $0.62 | [1] | $2.28 | [1] | $2.34 | [1] | $1.81 |
Net Sales | 12,142 | 13,361 | 13,836 | 13,353 | 11,773 | 16,087 | 15,371 | 15,230 | 52,692 | 58,461 | 60,414 | ||||||||||
Gross profit | 2,428 | 2,790 | 3,215 | 3,078 | 2,119 | 3,863 | 3,588 | 3,614 | 11,511 | 13,184 | ' | ||||||||||
Income from discontinued operations | $482 | $514 | $734 | $659 | $271 | $1,060 | $917 | $832 | $2,389 | $3,080 | $2,334 | ||||||||||
Income from discontinued operations, Basic (dollars per share) | $0.01 | [1] | $0.01 | [1] | $0.02 | [1] | $0.02 | [1] | $0.01 | [1] | $0.03 | [1] | $0.02 | [1] | $0.02 | [1] | $0.06 | [1] | $0.08 | [1] | $0.06 |
Income from discontinued operations, Diluted (dollars per share) | $0.01 | [1] | $0.01 | [1] | $0.02 | [1] | $0.02 | [1] | $0.01 | [1] | $0.03 | [1] | $0.02 | [1] | $0.02 | [1] | $0.06 | [1] | $0.08 | [1] | $0.06 |
[1] | Per share amounts are calculated independently for each period presented; therefore, the sum of the quarterly per share amounts may not equal the per share amounts for the year. |
Schedule_of_Valuation_and_Qual1
Schedule of Valuation and Qualifying Accounts (Detail) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Allowance for Doubtful Accounts | ' | ' | ' | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' | |||
Balance at beginning of year | $7,402 | $7,043 | $9,391 | |||
Charged to costs and expenses | 763 | 1,289 | 1,148 | |||
Deductions from reserves, net | 859 | [1],[2] | 930 | [1],[2] | 3,496 | [1],[2] |
Balance at end of year | 7,306 | 7,402 | 7,043 | |||
Income Tax Valuation Allowance | ' | ' | ' | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | ' | ' | ' | |||
Balance at beginning of year | 3,961 | 2,777 | 4,323 | |||
Charged to costs and expenses | 977 | [3] | 1,184 | [3] | 0 | [3] |
Deductions from reserves, net | 0 | [3] | 0 | [3] | 1,546 | [3] |
Balance at end of year | $4,938 | $3,961 | $2,777 | |||
[1] | Bad debts written off, net of recoveries. | |||||
[2] | Activity for 2013, 2012 and 2011 includes currency translation gains (losses) of $(121), $428 and $(387), respectively. | |||||
[3] | Activity for 2013, 2012 and 2011 includes currency translation gains (losses) of $242, $97 and $(123), respectively. |
Schedule_of_Valuation_and_Qual2
Schedule of Valuation and Qualifying Accounts (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for Doubtful Accounts | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Currency translation gains (losses) | ($121) | $428 | ($387) |
Income Tax Valuation Allowance | ' | ' | ' |
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' |
Currency translation gains (losses) | $242 | $97 | ($123) |