Myers Industries (MYE) 10-Q 4 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	MYERS INDUSTRIES INC
Entity Central Index Key	69,488
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		29,895,570

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net sales	$ 144,117	$ 164,335	$ 295,322	$ 320,683
Cost of sales	99,581	113,754	202,615	224,345
Gross profit	44,536	50,581	92,707	96,338
Selling, general and administrative expenses	32,041	30,839	70,538	69,880
Impairment charges	1,329	0	9,874	0
Operating income	11,166	19,742	12,295	26,458
Interest expense, net	2,053	2,467	4,072	5,169
Income from continuing operations before income taxes	9,113	17,275	8,223	21,289
Income tax expense	3,429	6,350	5,875	7,742
Income from continuing operations	5,684	10,925	2,348	13,547
Income (loss) from discontinued operations, net of income tax	(190)	494	(247)	3,111
Net income	$ 5,494	$ 11,419	$ 2,101	$ 16,658
Income per common share from continuing operations:
Basic	$ 0.19	$ 0.35	$ 0.08	$ 0.44
Diluted	0.19	0.35	0.08	0.43
Income (loss) per common share from discontinued operations:
Basic	(0.01)	0.02	(0.01)	0.10
Diluted	(0.01)	0.02	(0.01)	0.10
Net income per share:
Basic	0.18	0.37	0.07	0.54
Diluted	0.18	0.37	0.07	0.53
Dividends declared per share	$ 0.14	$ 0.14	$ 0.27	$ 0.27

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 5,494	$ 11,419	$ 2,101	$ 16,658
Other comprehensive income (loss)
Foreign currency translation adjustment	1,917	2,125	6,832	(20,885)
Comprehensive income (loss)	$ 7,411	$ 13,544	$ 8,933	$ (4,227)

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Financial Position - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 6,499	$ 7,344
Restricted cash	8,627	8,627
Accounts receivable, less allowances of $693 and $559, respectively	77,677	77,633
Inventories
Finished and in-process products	40,711	39,840
Raw materials and supplies	14,987	14,898
Inventory net	55,698	54,738
Prepaid expenses and other assets	3,474	5,966
Total Current Assets	151,975	154,308
Other Assets
Goodwill	59,613	64,035
Intangible assets, net	53,063	58,530
Deferred income taxes	103	840
Notes receivable	18,133	17,981
Other	3,062	2,324
Total other non current assets	133,974	143,710
Property, Plant and Equipment, at Cost
Land	8,685	7,960
Buildings and leasehold improvements	63,546	62,519
Machinery and equipment	334,504	345,277
Property, Plant and Equipment, at cost	406,735	415,756
Less allowances for depreciation and amortization	(282,380)	(284,983)
Property, plant and equipment, net	124,355	130,773
Total Assets	410,304	428,791
Current Liabilities
Accounts payable	41,266	71,310
Accrued expenses
Employee compensation	14,013	17,832
Taxes, other than income taxes	2,025	1,733
Accrued interest	3,018	2,709
Other	12,795	23,228
Total Current Liabilities	73,117	116,812
Long-term debt	217,440	191,881
Other liabilities	9,401	12,354
Deferred income taxes	9,476	10,041
Shareholders’ Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	0	0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 29,674,999 and 29,521,566; net of treasury shares of 8,277,458 and 8,430,891, respectively)	18,000	17,895
Additional paid-in capital	198,979	196,743
Accumulated other comprehensive loss	(32,278)	(39,110)
Retained deficit	(83,831)	(77,825)
Total Shareholders’ Equity	100,870	97,703
Total Liabilities and Shareholders’ Equity	$ 410,304	$ 428,791

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Allowances for accounts receivable	$ 693	$ 559
Shareholders’ Equity
Preferred Shares, shares authorized (in shares)	1,000,000	1,000,000
Preferred Shares, shares issued (in shares)	0	0
Preferred Shares, shares outstanding (in shares)	0	0
Common Shares, shares authorized (in shares)	60,000,000	60,000,000
Common Shares, shares outstanding (in shares)	29,674,999	29,521,566
Common shares, treasury (in shares)	8,277,458	8,430,891

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Deficit
Beginning balance at Dec. 31, 2014				$ (11,688)
Stockholders' Equity [Roll Forward]
Net income	$ 16,658
Foreign currency translation adjustment	(20,885)
Ending balance at Jun. 30, 2015				(32,573)
Beginning balance at Dec. 31, 2015	97,703	$ 17,895	$ 196,743	(39,110)	$ (77,825)
Stockholders' Equity [Roll Forward]
Net income	2,101	0	0	0	2,101
Foreign currency translation adjustment	6,832	0	0	6,832	0
Shares issued under incentive plans, net of shares withheld for tax	573	105	468	0	0
Stock compensation expense	1,773	0	1,773	0	0
Tax deficit from stock-based compensation	(5)	0	(5)	0	0
Declared dividends - $.27 per share	(8,107)	0	0	0	(8,107)
Ending balance at Jun. 30, 2016	$ 100,870	$ 18,000	$ 198,979	$ (32,278)	$ (83,831)

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Shareholders' Equity (Parenthetical)	6 Months Ended
	Jun. 30, 2016$ / shares
Dividends declared per share (in dollars per share)	$ 0.27
Retained Deficit
Dividends declared per share (in dollars per share)	$ 0.27

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows From Operating Activities
Net income	$ 2,101	$ 16,658
Income (loss) from discontinued operations, net of income taxes	(247)	3,111
Income from continuing operations	2,348	13,547
Adjustments to reconcile income from continuing operations to net cash provided by (used for) operating activities
Depreciation	12,283	13,290
Amortization	4,981	5,279
Non-cash stock-based compensation expense	2,064	1,638
Deferred taxes	(1,354)	(1,673)
Excess tax deficit (benefit) from stock-based compensation	5	(215)
Impairment charges	9,874	0
Other	(273)	91
Payments on performance based compensation	(1,794)	(1,332)
Accrued interest income on note receivable	(628)	0
Other long-term liabilities	(726)	2,497
Cash flows provided by (used for) working capital
Accounts receivable	1,623	(12,835)
Inventories	(12)	(4,020)
Prepaid expenses and other assets	2,475	2,511
Accounts payable and accrued expenses	(33,938)	(21,747)
Net cash provided by (used for) operating activities - continuing operations	(3,072)	(2,969)
Net cash provided by (used for) operating activities - discontinued operations	0	(11,672)
Net cash provided by (used for) operating activities	(3,072)	(14,641)
Cash Flows From Investing Activities
Capital expenditures	(10,565)	(9,381)
Proceeds from sale of property, plant and equipment	178	36
Proceeds (payments) related to sale of business	(4,034)	69,787
Net cash provided by (used for) investing activities - continuing operations	(14,421)	60,442
Net cash provided by (used for) investing activities - discontinued operations	0	(581)
Net cash provided by (used for) investing activities	(14,421)	59,861
Cash Flows From Financing Activities
Net borrowing (repayments) on credit facility	23,838	(31,548)
Cash dividends paid	(8,112)	(8,367)
Proceeds from issuance of common stock	610	1,515
Excess tax (deficit) benefit from stock-based compensation	(5)	215
Repurchase of common stock	0	(6,577)
Shares withheld for employee taxes on equity awards	(617)	(975)
Net cash provided by (used for) financing activities - continuing operations	15,714	(45,737)
Net cash provided by (used for) financing activities - discontinued operations	0	0
Net cash provided by (used for) financing activities	15,714	(45,737)
Foreign exchange rate effect on cash	934	(272)
Net increase (decrease) in cash	(845)	(789)
Cash at January 1	7,344	4,676
Cash at June 30	$ 6,499	$ 3,887

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”), and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading. These interim financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2015. In the opinion of the Company, the accompanying financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position as of June 30, 2016, and the results of operations and cash flows for the periods presented. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the results of operations that will occur for the year ending December 31, 2016. Accounting Standards Adopted In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-16, Simplifying the Accounting for Measurement-Period Adjustments In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-03) - Simplifying the Presentation of Debt Issuance Costs, Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation - Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers Translation of Foreign Currencies All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income (loss) as a separate component of shareholders' equity. Fair Value Measurement The Company follows guidance included in the Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly. Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions. The Company has financial instruments, including cash, accounts receivable, accounts payable and accrued expenses. The fair value of these financial instruments approximate carrying value due to the nature and relative short maturity of these assets and liabilities. The fair value of debt under the Company’s Loan Agreement approximates carrying value due to the floating rates and relative short maturity (less than 90 days) of the revolving borrowings under this agreement. The fair value of the Company’s fixed rate senior unsecured notes was estimated using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered level 2 inputs. At June 30, 2016 and December 31, 2015, the aggregate fair value of the Company's $100.0 million fixed rate senior unsecured notes was estimated at $107.2 million and $102.1 million, respectively. Revenue Recognition The Company recognizes revenues from the sale of products, net of estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) are as follows: Foreign Currency Defined Benefit Pension Plans Total Balance at January 1, 2016 $ (37,447 ) $ (1,663 ) $ (39,110 ) Other comprehensive income (loss) before reclassifications 6,832 — 6,832 Net current-period other comprehensive income (loss) 6,832 — 6,832 Balance at June 30, 2016 $ (30,615 ) $ (1,663 ) $ (32,278 ) Balance at January 1, 2015 $ (9,825 ) $ (1,863 ) $ (11,688 ) Other comprehensive income (loss) before reclassifications (10,394 ) — (10,394 ) Amounts reclassified from accumulated other comprehensive loss (1) (10,491 ) — (10,491 ) Net current-period other comprehensive income (loss) (20,885 ) — (20,885 ) Balance at June 30, 2015 $ (30,710 ) $ (1,863 ) $ (32,573 ) (1) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of. Cash The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.

Impairment Charges

Impairment Charges	6 Months Ended
	Jun. 30, 2016
Asset Impairment Charges [Abstract]
Impairment Charges	2. Impairment Charges During the first quarter of 2016, the Company reviewed its long-lived assets, intangible assets and goodwill at Plasticos Novel do Nordeste S.A. (”Novel”), a reporting unit within the Material Handling Segment, for impairment. The testing for impairment was performed as a result of the presence of impairment indictors resulting from the communication of a reduction in capital spending in the near-term from a significant customer in March 2016, which resulted in a significant reduction in Novel’s forecasted revenue and income. The Company first conducted a review for impairment of indefinite-lived intangibles and other long-lived assets related to Novel, including amortizable intangible assets and fixed assets which indicated that the carrying amounts of such assets may not be recoverable and required an assessment of fair value of the assets for purposes of measuring an impairment charge. The estimated fair value of indefinite-lived intangibles was determined using a relief from royalty payments income approach method and the other long-lived assets was determined, in part, using an analysis of projected cash flows, a market approach and a cost approach. These valuation methods use Level 3 inputs under the fair value hierarchy discussed in Note 1. To test for potential impairment for goodwill, the Company performed an interim impairment test as of March 31, 2016. The step one goodwill impairment test was performed using a discounted cash flow (“DCF”) valuation model. The significant assumptions in the DCF model are the annual revenue growth rate, the annual operating income margin and the discount rate used to determine the present value of the cash flow projections. The discount rate was based on the estimated weighted average cost of capital as of the testing date for market participants in the industry in which the Novel reporting unit operates. Based on the estimated fair value generated by the DCF model, the Novel reporting unit’s fair value did not exceed its carrying value as of March 31, 2016 and therefore a step two analysis was required to be performed. The decline in fair value of the reporting unit resulted primarily from lower projected operating results and cash flows than those utilized from the 2015 annual impairment test, directly related to the triggering event outlined above. During the first quarter of 2016, a preliminary step two analysis was completed to allocate estimated fair value to assets and liabilities in order to estimate an implied value of goodwill. As a result of these impairment reviews, the Company concluded that the goodwill, intangibles and other long-lived assets related to Novel were impaired and as of March 31, 2016, recorded an estimated non-cash impairment charge of $8.5 million, which was reported in impairment charges in the Condensed Consolidated Statements of Operations (Unaudited) in the first quarter of 2016. The Company finalized the fair value analysis in the second quarter of 2016 and determined the estimated impairment charge recorded in the first quarter of 2016 was appropriate. As a result, no additional impairment charges were recorded in the three months ended June 30, 2016 related to Novel. During the second quarter of 2016, the Company recorded impairment charges of $1.3 million primarily related to long-lived assets associated with the exit of a non-strategic product line in the Material Handling Segment.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2016
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	3. Discontinued Operations During the second quarter of 2014, the Company’s Board of Directors approved the commencement of the sale process to divest its Lawn and Garden business to allow it to focus resources on its core growth platforms. The Lawn and Garden business served the North American horticulture market with plastic products such as seedling trays, nursery products, hanging baskets, custom print containers as well as decorative resin planters. The business was sold February 17, 2015 to an entity controlled by Wingate Partners V, L.P., a private equity firm, for $110.0 million, subject to a working capital adjustment. The sale of the Lawn & Garden business included manufacturing facilities and offices located in Twinsburg, Ohio; Middlefield, Ohio; Elyria, Ohio; Sparks, Nevada; Sebring, Florida; Brantford, Ontario; and Burlington, Ontario. The terms of the agreement include a $90.0 million cash payment, promissory notes totaling $20.0 million that mature in August 2020 with a 6% interest rate and approximately $8.6 million placed in escrow. The escrow was scheduled to settle by August 2016, but will be extended until indemnification claims are resolved, as described in Note 9. The fair market value of the notes at February 17, 2015 was $17.8 million and is included in notes receivable in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited), in which the carrying value represents the fair value at date of sale plus accretion as of June 30, 2016. The fair value of the notes receivable was calculated using level 2 inputs as defined in Note 1. A disagreement between the parties over the calculation of the final working capital adjustment was resolved on March 9, 2016. As a result, the Company recorded an additional gain of $0.6 million, net of tax, in the fourth quarter of 2015. The final working capital adjustment resulted in a cash payment to the buyer of approximately $4.0 million in the first quarter of 2016. A gain on sale of $3.8 million, net of tax, was included in income (loss) from discontinued operations, net of income taxes in the accompanying Condensed Consolidated Statements of Operations (Unaudited) for the six months ended June 30, 2015. Summarized selected financial information for the Lawn and Garden business for the three and six months ended June 30, 2016 and 2015 are presented in the following table: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015* 2016 2015* Net sales $ — $ — $ — $ 29,335 Loss from discontinued operations before income taxes $ — $ — $ — $ (963 ) Income tax expense (benefit) — (563 ) — (309 ) Income (loss) from discontinued operations — 563 — (654 ) Gain (loss) on sale of discontinued operations, inclusive of tax provision (benefit) of $161 and ($47) for the three months ended June 30, 2016 and 2015, respectively and $132 and ($2,238) for the six months ended June 30, 2016 and 2015, respectively (190 ) (69 ) (247 ) 3,765 Income (loss) from discontinued operations, net of income taxes $ (190 ) $ 494 $ (247 ) $ 3,111 * Includes Lawn and Garden operating results through February 17, 2015.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	4. Inventories Inventories are valued at the lower of cost or market for last-in, first-out (“LIFO”) inventory and lower of cost or net realizable value for first-in, first-out (“FIFO”) inventory. Approximately 40 percent of our inventories are valued using the LIFO method of determining cost. All other inventories are valued at the FIFO method of determining cost. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must necessarily be based on management’s estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management’s control, estimated interim results, which were immaterial, are subject to change in the final year-end LIFO inventory valuation and therefore, no adjustment was recorded as of June 30, 2016.

Other Accrued Expenses

Other Accrued Expenses	6 Months Ended
	Jun. 30, 2016
Payables And Accruals [Abstract]
Other Accrued Expenses	5. Other Accrued Expenses The balance in other accrued expenses is comprised of the following: June 30, December 31, 2016 2015 Deposits and amounts due to customers $ 2,464 $ 9,351 Dividends payable 4,186 4,190 Accrued litigation and professional fees 776 308 Other accrued expenses 5,369 9,379 $ 12,795 $ 23,228

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	6. Goodwill and Intangible Assets The change in goodwill for the six months ended June 30, 2016 was as follows: Distribution Material Handling Total January 1, 2016 $ 505 $ 63,530 $ 64,035 Foreign currency translation — 1,254 1,254 Impairment charges — (5,676 ) (5,676 ) June 30, 2016 $ 505 $ 59,108 $ 59,613 Intangible assets other than goodwill primarily consist of trade names, customer relationships, patents and technology assets established in connection with acquisitions. These intangible assets, other than certain trade names, are amortized over their estimated useful lives. The Company has indefinite-lived trade names which had a carrying value of $10.9 million at June 30, 2016 and December 31, 2015. See Note 2 for discussion of goodwill, trade name and other long-lived asset impairment charges in the first half of 2016.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share	7. Net Income (Loss) Per Common Share Net income (loss) per common share, as shown on the accompanying Condensed Consolidated Statements of Operations (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the periods as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Weighted average common shares outstanding basic 29,623,177 30,968,269 29,586,708 31,004,779 Dilutive effect of stock options and restricted stock 466,397 316,646 426,131 337,324 Weighted average common shares outstanding diluted 30,089,574 31,284,915 30,012,839 31,342,103 Options to purchase 648,084 and 780,751 Options to purchase 381,733 shares of common stock that were outstanding for the three and six months ended June 30, 2015 were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and were therefore anti-dilutive.

Stock Compensation

Stock Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Compensation	8. Stock Compensation The Company’s Amended and Restated 2008 Incentive Stock Plan (the “2008 Plan”) authorizes the Compensation Committee of the Board of Directors to issue up to 4,000,000 shares of various types of stock-based awards including stock options, restricted stock, restricted stock units and stock appreciation rights to key employees and directors. Options granted and outstanding vest over the requisite service period and expire ten years from the date of grant. In March 2016, the Company granted 271,350 stock options with a weighted average exercise price of $11.62 and a weighted average fair value of $3.45. The fair value of options granted is estimated using a binomial lattice option pricing model. Also in March 2016, the Company granted 124,150 and 91,700 time-based and performance-based restricted stock units, respectively, with a weighted average fair value of $11.62. There were no stock-based awards granted in the second quarter of 2016. Stock compensation expense reduced income before taxes approximately $0.8 million and $0.7 million for the three months ended June 30, 2016 and 2015, respectively and $2.1 million and $1.6 million for the six months ended June 30, 2016 and 2015, respectively. These expenses are included in selling, general and administrative expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited). Total unrecognized compensation cost related to non-vested stock-based compensation arrangements at June 30, 2016 was approximately $3.5 million which will be recognized over the next three years, as such compensation is earned.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Contingencies	9. Contingencies The Company is a defendant in various lawsuits and a party to various other legal proceedings, in the ordinary course of business, some of which are covered in whole or in part by insurance. New Idria Mercury Mine In September 2015, the U.S. Environmental Protection Agency (“EPA”) formally informed a subsidiary of the Company, Buckhorn, Inc. (“Buckhorn”) via a notice letter and related documents (the “Notice Letter”) that it considers Buckhorn to be a potentially responsible party (“PRP”) in connection with the New Idria Mercury Mine site (“New Idria Mine”). New Idria Mining & Chemical Company (“NIMCC”) which owned and/or operated the New Idria Mine through 1976 was merged into Buckhorn Metal Products Inc. in 1981, which was subsequently acquired by Myers Industries in 1987. As a result of the EPA Notice Letter, Buckhorn and the Company are engaged in negotiations with EPA with respect to a draft Administrative Order proposed by EPA for the Remedial Investigation/Feasibility Study (“RI/FS”) to determine the extent of remediation necessary and the screening of alternatives. The New Idria Mine is located near Hollister, California and was added to the Superfund National Priorities List by the EPA in October 2011, at which time the Company recognized expense of $1.9 million related to performing the RI/FS. In the second quarter of 2016, the Company, based on discussions with the EPA, determined that the RI/FS will begin within the next twelve months and therefore obtained updated estimated costs to perform the RI/FS. As a result of the updated estimated costs, the Company recorded additional expense of $1.0 million in the second quarter of 2016. As part of the Notice Letter, the EPA also made a claim for approximately $1.6 million in past costs for actions it claims it has taken in connection with the New Idria Mine since 1993. While the Company is challenging these past cost claims, in 2015 the Company recognized expense of $1.3 million related to these past claims. As of June 30, 2016, the Company has a total accrual balance of $2.7 million related to the New Idria Mine, classified in Other Liabilities on the Condensed Consolidated Statements of Financial Position (Unaudited). As negotiations with the EPA proceed it is possible that adjustments to the aforementioned reserves will be necessary to reflect new information. Estimates of the Company’s liability are based on current facts, laws, regulations and technology. Estimates of the Company’s environmental liabilities are further subject to uncertainties regarding the negotiations with EPA, the nature and extent of site contamination, the range of remediation alternatives available, evolving remediation standards, imprecise engineering evaluation and cost estimates, the extent of remedial actions that may be required, the number and financial condition of other PRPs that may be named as well as the extent of their responsibility for the remediation, and the availability of insurance coverage for these expenses. At this time, we have not accrued for remediation costs in connection with this site as we are unable to estimate the liability, given the circumstances referred to above, including the fact the final remediation strategy has not yet been determined. New Almaden Mine (formerly referred to as Guadelupe River Watershed) A number of parties, including the Company and its subsidiary, Buckhorn (as successor to NIMCC), were alleged by trustee agencies of the United States and the State of California to be responsible for natural resource damages due to environmental contamination of areas comprising the historical New Almaden mercury mines located in the Guadalupe River Watershed region in Santa Clara County, California (“County”). In 2005, Buckhorn and the Company, without admitting liability or chain of ownership of NIMCC, resolved the trustees’ claim against them through a consent decree that required them to contribute financially to the implementation by the County of an environmentally beneficial project within the impacted area. Buckhorn and the Company negotiated an agreement with the County, whereby Buckhorn and the Company agreed to reimburse one-half of the County’s original cost estimate of $1.6 million of implementing the project. As a result, in 2005, the Company recognized expense of $0.8 million $0.3 $3.3 million and $4.4 million. $0.6 $1.1 The project has not yet been implemented though significant work on design and planning has been performed. Field work on the project is expected to commence in 2017. As the Company completes its review of the support provided by the County and as work on the project occurs, it is possible that adjustments to the aforementioned reserves will be necessary to reflect new information. Lawn and Garden Indemnification Claim In connection with the sale of the Lawn and Garden business, as described in Note 3, the Company received a Notice of Indemnification Claims in April 2015, and a Second Notice of Indemnification Claims in July 2016 (collectively, the “Claims”), alleging breaches of certain representations and warranties under the agreement resulting in losses in the amount of approximately $10 million. The Company believes these Claims are without merit and intends to vigorously defend its position. As described in Note 3, approximately $8.6 million of the sale proceeds that were placed in escrow were due to be settled in August 2016, but will be extended until the Claims are resolved. Other Buckhorn and Schoeller Arca Systems, Inc. (“SAS”) were plaintiffs in a patent infringement lawsuit against Orbis Corp. and Orbis Material Handling, Inc. (“Orbis”) for alleged breach by Orbis of an exclusive patent license agreement from SAS to Buckhorn. SAS is an affiliate of Schoeller Arca Systems Services B.V. (“SASS B.V.”), a Dutch company. SAS manufactures and sells plastic returnable packaging systems for material handling. In the course of the litigation, it was discovered that SAS had given a patent license agreement to a predecessor of Orbis that pre-dated the one that SAS sold to Buckhorn. As a result, judgment was entered in favor of Orbis, and the court awarded attorney fees and costs to Orbis in the amount of $3.1 million, plus interest and costs. In May 2014, Orbis made demand to SAS that SAS pay the judgment in full, and subsequently in July 2014, Orbis made the same demand to Buckhorn. Buckhorn believed it was not responsible for any of the judgment because it was not a party to the Orbis license. Despite this belief, the Company recorded expense of $3.0 million during the third quarter of 2014 for the entire amount of the unpaid judgement. The United States Court of Appeals for the Federal Circuit reversed the judgment against Buckhorn on July 2, 2015, and found that Buckhorn was not liable to Orbis for any portion of the judgment entered in favor of Orbis. Accordingly, Myers reversed the accrual of $3.0 million during the second quarter of 2015, which was reflected as a reduction of general and administrative expenses. The Federal Circuit Court of Appeals rejected Orbis' petition for rehearing and rehearing en banc. All opportunities for Orbis to appeal have expired. The United States District Court for the Southern District of Ohio has now released Buckhorn’s appellate bond. Buckhorn is also pursuing legal action against SAS and SASS B.V. for fraudulently selling an exclusive patent license they could not sell and related claims. That case is now pending in United States District Court for the Southern District of New York. On April 12, 2016, SAS and SASS B.V. filed their answer and counterclaim to the complaint in the New York Court, seeking to recover from Buckhorn $1.5 million plus additional interest and attorneys’ fees in unspecified amounts. Buckhorn believes it has sound defenses to this claim. The New York litigation is in the early stages and the parties are presently in settlement discussions. In August 2014, SASS B.V. informed Buckhorn that SAS may not have the financial ability to pay any judgment against it and provided financial statements to Buckhorn indicating SAS was in financial distress while SASS B.V. was financially stable. Given the uncertainty of SAS’s financial status, it is not known at this time what the likelihood of recovering from SAS (or SASS B.V.) would be in the event that there is a favorable outcome for Buckhorn in the New York court. When a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the estimated loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable of occurrence than another. As additional information becomes available, any potential liability related to these matters will be assessed and the estimates will be revised, if necessary. Based on current available information, management believes that the ultimate outcome of these matters will not have a material adverse effect on our financial position, cash flows or overall trends in our results of operations. However, these matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which the ruling occurs, or in future periods.

Long-Term Debt and Loan Agreeme

Long-Term Debt and Loan Agreements	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-Term Debt and Loan Agreements	10. Long-Term Debt and Loan Agreements Long-term debt consisted of the following: June 30, December 31, 2016 2015 Loan Agreement $ 118,837 $ 93,512 4.67% Senior Unsecured Notes due 2021 40,000 40,000 5.25% Senior Unsecured Notes due 2024 11,000 11,000 5.30% Senior Unsecured Notes due 2024 29,000 29,000 5.45% Senior Unsecured Notes due 2026 20,000 20,000 218,837 193,512 Less unamortized deferred financing costs 1,397 1,631 $ 217,440 $ 191,881 On December 13, 2013, the Company entered into a Fourth Amended and Restated Loan Agreement (the “Loan Agreement”). The Loan Agreement provided for a $200 million senior revolving credit facility expiring on December 13, 2018, which replaced the then existing $180 million facility. In addition, on May 30, 2014, the Company entered into a First Amendment to the Loan Agreement (the “Loan Amendment”). The Loan Amendment increased the senior revolving credit facility from $200 million to $300 million through December 2018 and provided for an additional subsidiary of the Company as a borrower and as a guarantor of the credit facility. Amounts borrowed under the agreement are secured by pledges of stock of certain of our foreign and domestic subsidiaries. Under the terms of the Loan Agreement, the Company may borrow up to $300.0 million, reduced for letters of credit issued. As of June 30, 2016, the Company had $176.9 million available under the Loan Agreement. The Company had $4.3 million of letters of credit issued related to insurance and other financing contracts in the ordinary course of business at June 30, 2016. Borrowings under the Loan Agreement bear interest at the LIBOR rate, prime rate, federal funds effective rate, the Canadian deposit offered rate, or the eurocurrency reference rate depending on the type of loan requested by the Company, in each case plus the applicable margin as set forth in the Loan Agreement. The average interest rate on borrowings under our loan agreements were 4.51% and 4.61% for the three months ended June 30, 2016 and 2015, respectively and 4.58% for both the six months ended June 30, 2016 and 2015, which includes a quarterly facility fee on the used and unused portion. Long-term debt of $217.4 million at June 30, 2016 includes $1.4 million of unamortized deferred financing costs, which is accounted for as a debt valuation account. Amounts outstanding at June 30, 2016 under the Loan Agreement and note purchase agreement mature in 2018 and 2021 to 2026, respectively.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2016
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	11. Retirement Plans The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s frozen defined benefit pension plan (“The Pension Agreement between Akro-Mils and United Steelworkers of America Local No. 1761-02”) provides benefits primarily based upon a fixed amount for each year of service as of the date the plan was frozen. Net periodic pension cost are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Interest cost $ 68 $ 68 $ 136 $ 136 Expected return on assets (80 ) (83 ) (160 ) (166 ) Amortization of net loss 21 22 41 44 Net periodic pension cost $ 9 $ 7 $ 17 $ 14 Company contributions $ — $ 70 $ — $ 148 The Company does not expect to make a contribution to the plan in 2016.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes The Company recognized $3.4 million and $5.9 million of tax expense on pre-tax income of $9.1 million and $8.2 million for the three and six months ended June 30, 2016, respectively. The effective income tax rate for the first half of 2016 was different than the Company’s statutory rate and the effective tax rate for the same period in the prior year, primarily due to losses in jurisdictions where the tax benefits are not currently recognized, including the impairment charges in Brazil. The total amount of gross unrecognized tax benefit that would reduce the Company's effective tax rates at June 30, 2016 and June 30, 2015, was $0.2 million and $0.5 million, respectively. Accrued interest expense included within accrued income taxes in the Company's Condensed Consolidated Statements of Financial Position (Unaudited) was less than $0.1 million at both June 30, 2016 and December 31, 2015. The June 30, 2016 balance of unrecognized tax benefits includes approximately $0.2 million of unrecognized tax benefits for which it is reasonably possible that they will be recognized within the next twelve months. The Company and its subsidiaries file U.S. Federal, state and local, and non-U.S. income tax returns. As of June 30, 2016, the Company is no longer subject to U.S. Federal examination by tax authorities for tax years before 2012. The Company is subject to state and local examinations for tax years of 2011 through 2015. In addition, the Company is subject to non-U.S. income tax examinations for tax years of 2010 through 2015.

Industry Segments

Industry Segments	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Industry Segments	13. Industry Segments Using the criteria of ASC 280, Segment Reporting The Material Handling Segment manufactures a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products and rotationally-molded plastic tanks for water, fuel and waste handling. This segment conducts its primary operations in the United States, but also operates in Brazil and Canada. Markets served encompass various niches of industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and others. Products are sold both directly to end-users and through distributors. The Distribution Segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products. The product line includes categories such as tire valves and accessories, tire changing and balancing equipment, lifts and alignment equipment, service equipment and tools, and tire repair/retread supplies. The Distribution Segment operates domestically through sales offices, and four regional distribution centers in the United States and in foreign countries through export sales. In addition, the Distribution Segment operates directly in certain foreign markets, principally Central America, through foreign branch operations. Markets served include retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies. Summarized segment detail for the three and six months ended For the Three Months Ended June 30, For the Six Months Ended June 30, Net Sales 2016 2015 2016 2015 Material Handling $ 100,907 $ 115,774 $ 209,931 $ 228,055 Distribution 43,234 48,592 85,455 92,697 Inter-company sales (24 ) (31 ) (64 ) (69 ) Total net sales $ 144,117 $ 164,335 $ 295,322 $ 320,683 For the Three Months Ended June 30, For the Six Months Ended June 30, Operating Income 2016 2015 2016 2015 Material Handling $ 14,333 $ 20,846 $ 21,774 $ 34,253 Distribution 3,966 4,508 6,502 7,999 Corporate (7,133 ) (5,612 ) (15,981 ) (15,794 ) Total operating income 11,166 19,742 12,295 26,458 Interest expense, net (2,053 ) (2,467 ) (4,072 ) (5,169 ) Income from continuing operations before income taxes $ 9,113 $ 17,275 $ 8,223 $ 21,289

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”), and have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures are adequate to make the information not misleading. These interim financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2015. In the opinion of the Company, the accompanying financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position as of June 30, 2016, and the results of operations and cash flows for the periods presented. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the results of operations that will occur for the year ending December 31, 2016.
Recent Accounting Pronouncements	Accounting Standards Adopted In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-16, Simplifying the Accounting for Measurement-Period Adjustments In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-03) - Simplifying the Presentation of Debt Issuance Costs, Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation - Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers
Translation of Foreign Currencies	Translation of Foreign Currencies All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income (loss) as a separate component of shareholders' equity.
Fair Value Measurement	Fair Value Measurement The Company follows guidance included in the Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly. Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions. The Company has financial instruments, including cash, accounts receivable, accounts payable and accrued expenses. The fair value of these financial instruments approximate carrying value due to the nature and relative short maturity of these assets and liabilities. The fair value of debt under the Company’s Loan Agreement approximates carrying value due to the floating rates and relative short maturity (less than 90 days) of the revolving borrowings under this agreement. The fair value of the Company’s fixed rate senior unsecured notes was estimated using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered level 2 inputs. At June 30, 2016 and December 31, 2015, the aggregate fair value of the Company's $100.0 million fixed rate senior unsecured notes was estimated at $107.2 million and $102.1 million, respectively.
Revenue Recognition	Revenue Recognition The Company recognizes revenues from the sale of products, net of estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) are as follows: Foreign Currency Defined Benefit Pension Plans Total Balance at January 1, 2016 $ (37,447 ) $ (1,663 ) $ (39,110 ) Other comprehensive income (loss) before reclassifications 6,832 — 6,832 Net current-period other comprehensive income (loss) 6,832 — 6,832 Balance at June 30, 2016 $ (30,615 ) $ (1,663 ) $ (32,278 ) Balance at January 1, 2015 $ (9,825 ) $ (1,863 ) $ (11,688 ) Other comprehensive income (loss) before reclassifications (10,394 ) — (10,394 ) Amounts reclassified from accumulated other comprehensive loss (1) (10,491 ) — (10,491 ) Net current-period other comprehensive income (loss) (20,885 ) — (20,885 ) Balance at June 30, 2015 $ (30,710 ) $ (1,863 ) $ (32,573 ) (1) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of.
Cash	Cash The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
The balances in the Company's accumulated other comprehensive income (loss)	Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) are as follows: Foreign Currency Defined Benefit Pension Plans Total Balance at January 1, 2016 $ (37,447 ) $ (1,663 ) $ (39,110 ) Other comprehensive income (loss) before reclassifications 6,832 — 6,832 Net current-period other comprehensive income (loss) 6,832 — 6,832 Balance at June 30, 2016 $ (30,615 ) $ (1,663 ) $ (32,278 ) Balance at January 1, 2015 $ (9,825 ) $ (1,863 ) $ (11,688 ) Other comprehensive income (loss) before reclassifications (10,394 ) — (10,394 ) Amounts reclassified from accumulated other comprehensive loss (1) (10,491 ) — (10,491 ) Net current-period other comprehensive income (loss) (20,885 ) — (20,885 ) Balance at June 30, 2015 $ (30,710 ) $ (1,863 ) $ (32,573 ) (1) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2016
Lawn and Garden Business
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement	Summarized selected financial information for the Lawn and Garden business for the three and six months ended June 30, 2016 and 2015 are presented in the following table: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015* 2016 2015* Net sales $ — $ — $ — $ 29,335 Loss from discontinued operations before income taxes $ — $ — $ — $ (963 ) Income tax expense (benefit) — (563 ) — (309 ) Income (loss) from discontinued operations — 563 — (654 ) Gain (loss) on sale of discontinued operations, inclusive of tax provision (benefit) of $161 and ($47) for the three months ended June 30, 2016 and 2015, respectively and $132 and ($2,238) for the six months ended June 30, 2016 and 2015, respectively (190 ) (69 ) (247 ) 3,765 Income (loss) from discontinued operations, net of income taxes $ (190 ) $ 494 $ (247 ) $ 3,111 * Includes Lawn and Garden operating results through February 17, 2015.

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2016
Payables And Accruals [Abstract]
Schedule of Other Accrued Expenses	The balance in other accrued expenses is comprised of the following: June 30, December 31, 2016 2015 Deposits and amounts due to customers $ 2,464 $ 9,351 Dividends payable 4,186 4,190 Accrued litigation and professional fees 776 308 Other accrued expenses 5,369 9,379 $ 12,795 $ 23,228

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
The change in goodwill	The change in goodwill for the six months ended June 30, 2016 was as follows: Distribution Material Handling Total January 1, 2016 $ 505 $ 63,530 $ 64,035 Foreign currency translation — 1,254 1,254 Impairment charges — (5,676 ) (5,676 ) June 30, 2016 $ 505 $ 59,108 $ 59,613

Net Income (Loss) Per Common 27

Net Income (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Weighted average number of common shares outstanding during the period	Net income (loss) per common share, as shown on the accompanying Condensed Consolidated Statements of Operations (Unaudited), is determined on the basis of the weighted average number of common shares outstanding during the periods as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Weighted average common shares outstanding basic 29,623,177 30,968,269 29,586,708 31,004,779 Dilutive effect of stock options and restricted stock 466,397 316,646 426,131 337,324 Weighted average common shares outstanding diluted 30,089,574 31,284,915 30,012,839 31,342,103

Long-Term Debt and Loan Agree28

Long-Term Debt and Loan Agreements (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Long Term Debt	Long-term debt consisted of the following: June 30, December 31, 2016 2015 Loan Agreement $ 118,837 $ 93,512 4.67% Senior Unsecured Notes due 2021 40,000 40,000 5.25% Senior Unsecured Notes due 2024 11,000 11,000 5.30% Senior Unsecured Notes due 2024 29,000 29,000 5.45% Senior Unsecured Notes due 2026 20,000 20,000 218,837 193,512 Less unamortized deferred financing costs 1,397 1,631 $ 217,440 $ 191,881

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation And Retirement Disclosure [Abstract]
Net periodic pension cost	Net periodic pension cost are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Interest cost $ 68 $ 68 $ 136 $ 136 Expected return on assets (80 ) (83 ) (160 ) (166 ) Amortization of net loss 21 22 41 44 Net periodic pension cost $ 9 $ 7 $ 17 $ 14 Company contributions $ — $ 70 $ — $ 148

Industry Segments (Tables)

Industry Segments (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Reporting Information by Segment	Summarized segment detail for the three and six months ended For the Three Months Ended June 30, For the Six Months Ended June 30, Net Sales 2016 2015 2016 2015 Material Handling $ 100,907 $ 115,774 $ 209,931 $ 228,055 Distribution 43,234 48,592 85,455 92,697 Inter-company sales (24 ) (31 ) (64 ) (69 ) Total net sales $ 144,117 $ 164,335 $ 295,322 $ 320,683 For the Three Months Ended June 30, For the Six Months Ended June 30, Operating Income 2016 2015 2016 2015 Material Handling $ 14,333 $ 20,846 $ 21,774 $ 34,253 Distribution 3,966 4,508 6,502 7,999 Corporate (7,133 ) (5,612 ) (15,981 ) (15,794 ) Total operating income 11,166 19,742 12,295 26,458 Interest expense, net (2,053 ) (2,467 ) (4,072 ) (5,169 ) Income from continuing operations before income taxes $ 9,113 $ 17,275 $ 8,223 $ 21,289

Summary of Significant Accoun31

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Unamortized debt issuance cost	$ 1,397	$ 1,631
Carrying (Reported) Amount, Fair Value Disclosure | Less unamortized deferred financing fees
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Notes payable, carrying amount	100,000	100,000
Estimate of Fair Value, Fair Value Disclosure | Less unamortized deferred financing fees
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Notes payable, fair value disclosure	$ 107,200	102,100
Adjustments for New Accounting Pronouncement
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Unamortized debt issuance cost		$ 1,125

Summary of Significant Accoun32

Summary of Significant Accounting Policies - The Balances in the Company's Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 97,703
Ending balance	100,870
Foreign Currency [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(37,447)	$ (9,825)
Other comprehensive income (loss) before reclassifications	6,832	(10,394)
Amounts reclassified from accumulated other comprehensive income, net of tax		(10,491)
Net current-period other comprehensive income (loss)	6,832	(20,885)
Ending balance	(30,615)	(30,710)
Defined Benefit Pension Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,663)	(1,863)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income, net of tax		0
Net current-period other comprehensive income (loss)	0	0
Ending balance	(1,663)	(1,863)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(39,110)	(11,688)
Other comprehensive income (loss) before reclassifications	6,832	(10,394)
Amounts reclassified from accumulated other comprehensive income, net of tax		(10,491)
Net current-period other comprehensive income (loss)	6,832	(20,885)
Ending balance	$ (32,278)	$ (32,573)

Impairment Charges - Additional

Impairment Charges - Additional Information (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Impairment charges	$ 1,329,000	$ 8,500,000	$ 0	$ 9,874,000	$ 0
Material Handling
Impairment charges	1,329,000
Novel
Impairment charges	$ 0

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Details) - Lawn and Garden Business - USD ($) $ in Millions	Feb. 17, 2015	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Interest rate	6.00%
Notes Receivable, Fair Value Disclosure	$ 17.8
Amount of consideration received	110
Proceeds from divestiture of businesses	90
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Gain sale of business				$ 3.8
Promissory note receivable	$ 20
Maturity date of promissory note receivable	2020-08
Escrow deposit	$ 8.6
Escrow deposit due to be settled date	2016-08
Additional gain on sale of business			$ 0.6
Adjustment to working capital		$ 4

Discontinued Operations (Income

Discontinued Operations (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Income (loss) from discontinued operations, net of income taxes	$ (190)	$ 494	$ (247)	$ 3,111
Lawn and Garden Business
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net sales	0	0	0	29,335
Loss from discontinued operations before income taxes	0	0	0	(963)
Income tax expense (benefit)	0	(563)	0	(309)
Income (loss) from discontinued operations	0	563	0	(654)
Gain (loss) on sale of discontinued operations, inclusive of tax provision (benefit) of $161 and ($47) for the three months ended June 30, 2016 and 2015, respectively and $132 and ($2,238) for the six months ended June 30, 2016 and 2015, respectively	(190)	(69)	(247)	3,765
Income (loss) from discontinued operations, net of income taxes	$ (190)	$ 494	$ (247)	$ 3,111

Discontinued Operations (Inco36

Discontinued Operations (Income Statement) (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Lawn and Garden Business
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Tax expense (benefit) from provision for gain (Loss) on disposal	$ 161	$ (47)	$ 132	$ (2,238)

Inventories - Additional Inform

Inventories - Additional Information (Details)	Jun. 30, 2016
Inventory Disclosure [Abstract]
Percentage of LIFO Inventory	40.00%

Other Accrued Expenses (Details

Other Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Payables And Accruals [Abstract]
Deposits and amounts due to customers	$ 2,464	$ 9,351
Dividends payable	4,186	4,190
Accrued litigation and professional fees	776	308
Other accrued expenses	5,369	9,379
Other accrued expenses, Total	$ 12,795	$ 23,228

Goodwill and Intangible Asset39

Goodwill and Intangible Assets - Change in Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 64,035
Foreign currency translation	1,254
Impairment charges	(5,676)
Ending balance	59,613
Distribution
Goodwill [Roll Forward]
Beginning balance	505
Foreign currency translation	0
Impairment charges	0
Ending balance	505
Material Handling
Goodwill [Roll Forward]
Beginning balance	63,530
Foreign currency translation	1,254
Impairment charges	(5,676)
Ending balance	$ 59,108

Goodwill and Intangible Asset40

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Carrying value of indefinite-lived intangible assets	$ 10.9	$ 10.9

Net Income (Loss) Per Common 41

Net Income (Loss) Per Common Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Weighted average common shares outstanding basic	29,623,177	30,968,269	29,586,708	31,004,779
Dilutive effect of stock options and restricted stock (in shares)	466,397	316,646	426,131	337,324
Weighted average common shares outstanding diluted (in shares)	30,089,574	31,284,915	30,012,839	31,342,103
Anti-dilutive securities excluded from computation of net earnings or loss per common share	648,084	381,733	780,751	381,733

Stock Compensation - Additional

Stock Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Granted During Period	0
Stock compensation expense	$ 0.8	$ 0.7	$ 2.1	$ 1.6
Total unrecognized compensation cost related to non-vested share based compensation arrangements	$ 3.5		$ 3.5
Unrecognized compensation cost period for recognition			3 years
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of expiration, term			10 years
Options Granted			271,350
Options, Granted, Average exercise Price			$ 11.62
Options Granted, Average Fair Value price			$ 3.45
Time Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Granted During Period			124,150
Granted, Average Granted Date Fair Value			$ 11.62
Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Granted During Period			91,700
Granted, Average Granted Date Fair Value			$ 11.62
2008 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under plan (in shares)	4,000,000		4,000,000

Contingencies - Additional Info

Contingencies - Additional Information (Details) - USD ($) $ in Millions	Apr. 12, 2016	Apr. 30, 2016	Oct. 31, 2011	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2005	Sep. 30, 2015
New Almaden Mine (Formerly Referred to as Guadelupe River Watershed) | Natural Resource Damage Claim
Loss Contingencies [Line Items]
Expense recognized				$ 0.6					$ 0.8
Total contingency accrued				1.1			$ 1.1
Accrued balance							0.3
Original estimated project costs		$ 1.6
Revised estimated project costs, Low Estimate		3.3
Revised estimated project costs, High Estimate		$ 4.4
Lawn and Garden Indemnification Claim
Loss Contingencies [Line Items]
Indemnification claims							10
Escrow deposit				8.6			$ 8.6
Escrow deposit due to be settled date							2016-08
Pending Litigation | New Idria Mercury Mine | E P A Notice Letter
Loss Contingencies [Line Items]
Expense recognized			$ 1.9	1
Loss contingency costs										$ 1.6
Accrued balance								$ 1.3
Total contingency accrued				$ 2.7			$ 2.7
Pending Litigation | Patent Infringement Against Orbis Corp | Loss From Patent Infringement
Loss Contingencies [Line Items]
Plaintiff counter claim amount	$ 1.5
Settled Litigation | Patent Infringement Against Orbis Corp | Loss From Patent Infringement
Loss Contingencies [Line Items]
Accrued balance						$ 3
Contingency accrual reversal					$ 3
Settled Litigation | Patent Infringement Against Orbis Corp | Loss From Patent Infringement | Maximum
Loss Contingencies [Line Items]
Litigation settlement, amount							$ 3.1

Long-Term Debt and Loan Agree44

Long-Term Debt and Loan Agreements - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt	$ 218,837	$ 193,512
Less unamortized deferred financing fees	1,397	1,631
Long-term Debt, net of deferred financing costs	217,440	191,881
Loan Agreement
Debt Instrument [Line Items]
Long-term Debt	118,837	93,512
4.67% Senior Unsecured Notes due 2021 [Member]
Debt Instrument [Line Items]
Long-term Debt	40,000	40,000
5.25% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt	11,000	11,000
5.30% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt	29,000	29,000
5.45% Senior Unsecured Notes due 2026 [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 20,000	$ 20,000

Long-Term Debt and Loan Agree45

Long-Term Debt and Loan Agreements - Schedule of Long Term Debt (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2016
4.67% Senior Unsecured Notes due 2021 [Member]
Debt Instrument [Line Items]
Interest rate	4.67%
Debt instrument maturity period	2,021
5.25% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Interest rate	5.25%
Debt instrument maturity period	2,024
5.30% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Interest rate	5.30%
Debt instrument maturity period	2,024
5.45% Senior Unsecured Notes due 2026 [Member]
Debt Instrument [Line Items]
Interest rate	5.45%
Debt instrument maturity period	2,026

Long-Term Debt and Loan Agree46

Long-Term Debt and Loan Agreements - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	May 30, 2014	Dec. 13, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Letters of credit	$ 4,300,000		$ 4,300,000
Long-term debt, excluding unamortized deferred financing costs	217,440,000		217,440,000		$ 191,881,000
Less unamortized deferred financing fees	1,397,000		1,397,000		$ 1,631,000
Loan Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity on line of credit						$ 300,000,000	$ 200,000,000	$ 180,000,000
Remaining amount available under the line of credit	$ 176,900,000		$ 176,900,000
Interest rate during period	4.51%	4.61%	4.58%	4.58%

Retirement Plans - Periodic Pen

Retirement Plans - Periodic Pension Cost (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 68	$ 68	$ 136	$ 136
Expected return on assets	(80)	(83)	(160)	(166)
Amortization of net loss	21	22	41	44
Net periodic pension cost	9	7	17	14
Company contributions	$ 0	$ 70	$ 0	$ 148

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Taxes [Line Items]
Income tax expense	$ 3,429	$ 6,350	$ 5,875	$ 7,742
Pre-tax income	9,113	17,275	8,223	21,289
Unrecognized tax benefits that would impact effective tax rate	200	$ 500	200	$ 500
Unrecognized tax benefits	200		200
Maximum
Income Taxes [Line Items]
Amount of accrued interest expense included as a liability within the Company's Condensed Consolidated Statements of Financial Position	$ 100		$ 100		$ 100

Industry Segments - Additional

Industry Segments - Additional Information (Details)	6 Months Ended
	Jun. 30, 2016Segment
Segment Reporting [Abstract]
Number of operating segments	2

Industry Segments - Schedule of

Industry Segments - Schedule of reporting information by segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Net sales	$ 144,117	$ 164,335	$ 295,322	$ 320,683
Operating Income	11,166	19,742	12,295	26,458
Interest expense, net	(2,053)	(2,467)	(4,072)	(5,169)
Income from continuing operations before income taxes	9,113	17,275	8,223	21,289
Operating Segments | Material Handling
Segment Reporting Information [Line Items]
Net sales	100,907	115,774	209,931	228,055
Operating Income	14,333	20,846	21,774	34,253
Operating Segments | Distribution
Segment Reporting Information [Line Items]
Net sales	43,234	48,592	85,455	92,697
Operating Income	3,966	4,508	6,502	7,999
Inter-company sales
Segment Reporting Information [Line Items]
Net sales	(24)	(31)	(64)	(69)
Corporate
Segment Reporting Information [Line Items]
Operating Income	$ (7,133)	$ (5,612)	$ (15,981)	$ (15,794)