Distribution Solutions (DSGR) 10-Q 30 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 15, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	LAWSON PRODUCTS INC/NEW/DE/
Entity Central Index Key	703604
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,708,469

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$1,990	$4,207
Restricted Cash	800	800
Accounts receivable, less allowance for doubtful accounts	33,068	31,546
Inventories, net	44,241	44,517
Miscellaneous receivables and prepaid expenses	4,020	5,433
Total current assets	84,119	86,503
Property, plant and equipment, net	39,684	41,588
Cash value of life insurance	9,349	9,188
Deferred income taxes	51	51
Other assets	491	510
Total assets	133,694	137,840
Current liabilities:
Revolving line of credit	0
Accounts payable	12,099	7,867
Accrued expenses and other liabilities	24,910	30,861
Total current liabilities	37,009	38,728
Noncurrent liabilities and deferred credits:
Security bonus plan	15,403	15,857
Financing lease obligation	9,203	9,414
Deferred compensation	5,037	5,102
Deferred Rent Liability	4,246	4,361
Other liabilities	2,526	2,523
Total liabilities	73,424	75,985
Stockholders' equity:
Authorized - 500,000 shares, Issued and outstanding — None	0	0
Authorized - 35,000,000 shares Issued - 8,722,352 and 8,720,350 shares, respectively Outstanding - 8,708,469 and 8,706,467 shares, respectively	8,722	8,720
Capital in excess of par value	8,973	8,701
Retained earnings	41,904	43,275
Treasury stock – 13,883 shares	-236	-267
Accumulated other comprehensive income	907	1,426
Stockholders’ equity	60,270	61,855
Total liabilities and stockholders’ equity	$133,694	$137,840

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$1	$1
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	8,722,352	8,720,350
Common stock, shares outstanding	8,708,469	8,706,467
Treasury Stock, Shares	13,883	13,883

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net sales	$69,904	$69,204
Cost of goods sold	27,021	27,926
Gross profit	42,883	41,278
Operating expenses:
Selling expenses	24,401	21,280
General and administrative expenses	19,429	21,797
Selling, General and Administrative Expense	43,830	43,077
Impairment loss	0	2,914
Operating expenses	43,830	45,991
Operating loss	-947	-4,713
Interest expense	-136	-244
Other expenses, net	-233	-148
Loss from continuing operations before income taxes	-1,316	-5,105
Income tax expense (benefit)	55	-783
Loss from continuing operations	-1,371	-4,322
Income and gain from discontinued operations, net of income taxes	0	1,367
Net loss	-1,371	-2,955
Basic and diluted income (loss) per share of common stock:
Continuing operations	($0.16)	($0.50)
Discontinued operations	$0	$0.16
Net loss per share	($0.16)	($0.34)
Basic and diluted weighted average shares outstanding	8,706	8,659
Adjustment for foreign currency translation	-519	-245
Net Comprehensive loss	($1,890)	($3,200)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating activities:
Net loss	($1,371)	($2,955)
Less income and gain from discontinued operations	0	-1,367
Loss from continuing operations	-1,371	-4,322
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:
Depreciation and amortization	2,096	2,295
Stock based compensation	-747	1,125
Impairment loss	0	2,914
Changes in operating assets and liabilities:
Accounts receivable	-1,994	-3,030
Inventories	-68	2,255
Prepaid expenses and other assets	1,137	-1,484
Accounts payable and other liabilities	-1,071	-7,110
Other	179	250
Net cash used in operating activities of continuing operations	-1,839	-7,107
Investing activities:
Additions to property, plant and equipment	-352	-335
Proceeds from Sale of Equipment	3	0
Proceeds related to sale of business, net	0	12,125
Net cash (used in) provided by investing activities	-349	11,790
Financing activities:
Net payments on revolving line of credit	0	-4,443
Net cash used in financing activities	0	-4,443
Discontinued operations:
Operating cash flows	-29	50
Net cash (used in) provided by discontinued operations	-29	50
Increase (decrease) in cash and cash equivalents	-2,217	290
Cash and cash equivalents at beginning of period	4,207	698
Cash and cash equivalents at end of period	$1,990	$988

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies
	The accompanying unaudited condensed consolidated financial statements of Lawson Products, Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not contain all disclosures required by generally accepted accounting principles. Reference should be made to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. In the opinion of the Company, all normal recurring adjustments have been made that are necessary to present fairly the results of operations for the interim periods. Operating results for the three month period ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. Certain reclassifications have been made to the Condensed Consolidated Balance Sheet for December 31, 2014 to conform to current period presentation.
	The Company operates in one reportable segment; the Maintenance, Repair and Operations ("MRO") segment as a distributor of products and services to the industrial, commercial, institutional, and governmental maintenance, repair and operations marketplace.
	The effect of restricted stock awards, market stock units and future stock option exercises equivalent to approximately 184,000 and 117,000 shares for the three months ended March 31, 2015 and 2014, respectively, would have been anti-dilutive and therefore were excluded from the computation of diluted earnings per share.
	There have been no material changes in the Company's significant accounting policies during the three months ended March 31, 2015 as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2014.

Restricted_Cash_Restricted_Cas

Restricted Cash Restricted Cash (Notes)	3 Months Ended
	Mar. 31, 2015
Restricted Cash [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	Restricted Cash
	The Company has agreed to maintain $0.8 million in a money market account as collateral for an outside party that is providing certain commercial card processing services for the Company. The Company is restricted from withdrawing this balance without the prior consent of the outside party during the term of the agreement.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories
	Inventories, consisting primarily of purchased goods which are offered for resale, were as follows:
		(Dollars in thousands)
		31-Mar-15			31-Dec-14
	Inventories, gross	$	49,917		$	50,063
	Reserve for obsolete and excess inventory	(5,676		)	(5,546		)
	Inventories, net	$	44,241		$	44,517

Loan_Agreement

Loan Agreement	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Loan Agreement	In 2012, the Company entered into a Loan and Security Agreement (“Loan Agreement”) which expires in August 2017. Due to the lock box arrangement and a subjective acceleration clause contained in the borrowing agreement, any outstanding borrowings under the revolving line of credit is classified as a current liability. The Loan Agreement consists of a $40.0 million revolving line of credit facility, which includes a $10.0 million sub-facility for letters of credit. In December 2013, the Company entered into a Second Amendment to Loan and Security Agreement ("Second Amendment") which revised certain terms of the original Loan Agreement.
	Credit available under the Loan Agreement is based upon:
	a)	80% of the face amount of the Company’s eligible accounts receivable, generally less than 60 days past due, and
	b)	the lesser of 50% of the lower of cost or market value of the Company’s eligible inventory, generally inventory expected to be sold within 18 months, or $20.0 million.
	The applicable interest rates for borrowings are at the Prime rate or, if the Company elects, the LIBOR rate plus 1.50% to 1.85% based on the Company’s debt to EBITDA ratio. The Loan Agreement is secured by a first priority perfected security interest in substantially all existing assets of the Company. Dividends are restricted to amounts not to exceed $7.0 million annually.
	At March 31, 2015, the Company had no borrowings under its revolving line of credit facility and additional borrowing availability of $33.4 million. The Company paid interest of $0.1 million and $0.3 million for the three months ended March 31, 2015 and 2014, respectively. The weighted average interest rate was 3.25% for the three months ended March 31, 2015.
	In addition to other customary representations, warranties and covenants, we are required to meet a minimum trailing twelve month EBITDA to fixed charges ratio, as defined in the Loan Agreement, and a minimum quarterly tangible net worth level as defined in the Second Amendment. On March 31, 2015, we were in compliance with all financial covenants as detailed below:
	Quarterly Financial Covenants		Requirement	Actual
	EBITDA to fixed charges ratio		1.10 : 1.00	2.37 : 1.00
	Minimum tangible net worth		$45.0 million	$52.8 million

Reserve_for_Severance

Reserve for Severance	3 Months Ended
	Mar. 31, 2015
Severance Reserve [Abstract]
Reserve for Severance	Severance Reserve
	Changes in the Company’s reserve for severance as of March 31, 2015 and 2014 were as follows:
		(Dollars in thousands)
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	311		$	1,769
	Charged to earnings	571			728
	Payments	(216		)	(754		)
	Balance at end of period	$	666		$	1,743

Stock_Based_Compensation_Stock

Stock Based Compensation Stock Based Compensation (Notes)	3 Months Ended
	Mar. 31, 2015
Stock Based Compensation [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Stock-Based Compensation
	The Company recorded a stock-based compensation benefit of $0.5 million in the first quarter of 2015 reflecting a decline in the price of the Company's common stock during the period. A $1.1 million expense was recorded in the first quarter of 2014 as the price of the Company's common stock increased during that period. A summary of stock based awards issued during the three months ended March 31, 2015 follows:
	Stock Performance Rights ("SPRs")
	The Company issued 380,000 SPRs to a key employee with an average exercise price of $28.40 per share that vest ratably on January 12, 2016, 2017 and 2018, and have a termination date of January 12, 2022. The Company also issued 29,373 SPRs to key employees with an exercise price of $25.16 per share that cliff vest on December 31, 2017 and have a termination date of December 31, 2022.
	Market Stock Units ("MSUs")
	The Company issued 30,633 MSUs to key employees with a vesting date of December 31, 2017. MSU's are exchangeable for the Company's common shares at the end of the vesting period. The number of shares of common stock that will be issued upon vesting, ranging from zero to 45,951, will be determined based upon the trailing thirty-day average closing price of the Company's common stock on December 31, 2017.
	Stock Options
	The Company issued 40,000 nonqualified stock options to a key employee with a weighted average exercise price of $28.40. The stock options vest ratably on January 12, 2016, 2017 and 2018, and have a term of 7 years.

Income_Tax

Income Tax	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	Primarily due to the cumulative losses that the Company has incurred over the past three years, the Company determined that it was more likely than not that it will not be able to utilize its deferred tax assets to offset future taxable income. Therefore, substantially all deferred tax assets are subject to a tax valuation allowance until the Company can establish that the recoverability of its deferred tax assets is more likely than not to be realized. Although the Company is in a full tax valuation allowance position, a tax expense of $0.1 million was recorded in continuing operations for the three months ended March 31, 2015, primarily due to state taxes and reserves for uncertain tax positions. The tax benefit of $0.8 million for the three months ended March 31, 2014 was due to the allocation of income taxes between continuing and discontinued operations partly offset by state taxes and reserves for uncertain tax positions.
	The Company and its subsidiaries are subject to U.S. Federal income tax, as well as income tax of multiple state and foreign jurisdictions. As of March 31, 2015, the Company is subject to U.S. Federal income tax examinations for the years 2011 through 2013 and income tax examinations from various other jurisdictions for the years 2006 through 2013. The Company is also currently under examination by the Canada Revenue Authority ("CRA") for the years 2006 through 2010. The CRA examination was completed during May 2013 and resulted in proposed adjustments which amount to $1.3 million of additional tax for the 2008 and 2009 tax years. The Company is not in agreement with these adjustments and filed a request with Competent Authority programs in both the U.S. and Canada in October, 2013. The Competent Authority program assists taxpayers with respect to matters covered in the mutual agreement procedure provisions of tax treaties. Management has not recorded a reserve and is confident that the Company will prevail in this matter. The Company is unable to establish an estimated time frame in which this issue will be resolved through Competent Authority.
	Earnings from the Company’s foreign subsidiaries are considered to be indefinitely reinvested. A distribution of these non-U.S. earnings in the form of dividends or otherwise would subject the Company to both U.S. Federal and state income taxes, as adjusted for foreign tax credits.

Impairment_Loss_and_Property_H

Impairment Loss and Property Held for Sale Impairment Loss and Property Held for Sale (Notes)	3 Months Ended
	Mar. 31, 2015
Impairment loss and property held for sale [Abstract]
Asset Impairment Charges [Text Block]	Impairment loss
	In the first quarter of 2014 the Company committed to a plan to sell its Reno distribution center. As part of the review of the potential impact of a sale, the Company determined that the full carrying amount of the asset was not recoverable. Therefore, the Company recorded a $2.9 million non-cash impairment charge. In the second quarter of 2014, the Company completed the sale of the distribution center and entered into a 10-year agreement to leaseback approximately one-half of the facility that we had been utilizing.

Discontunued_Operations_Discon

Discontunued Operations Discontunued Operations (Notes)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations
	On February 14, 2014, the Company completed the sale of substantially all of the assets of Automatic Screw Machine Products Company, Inc. ("ASMP"), a wholly-owned subsidiary, to Nelson Stud Welding, Inc. (“Buyer”), an indirect subsidiary of Doncasters Group Limited, for a purchase price of $12.5 million. In addition, the Buyer agreed to lease the real property located in Decatur, Alabama currently used by ASMP. The Company classified ASMP's operating results as discontinued operations.
	The following table details the components of income from discontinued operations:
		(Dollars in thousands, except per share data)
		Three Months Ended March 31,
		2015		2014
	Net sales	$	—	$	2,462
	Pre-tax income from discontinued operations	$	—	$	346
	Income tax expense	—		(133		)
	Income from discontinued operations	$	—	$	213
	Pre-tax gain on sale of ASMP	$	—	$	1,877
	Income tax expense	—		(723		)
	Net gain on sale of ASMP	$	—	$	1,154
	Income from discontinued operations, net of taxes	$	—	$	1,367
	Basic and diluted income per share	$	—	$	0.16

Contingent_Liability_Contingen

Contingent Liability Contingent Liability (Notes)	3 Months Ended
	Mar. 31, 2015
Contingent Liability [Abstract]
Legal Matters and Contingencies [Text Block]	Contingent Liabilities
	In 2012, the Company identified that a site it owns in Decatur, Alabama contains hazardous substances in the soil and groundwater as a result of historical operations prior to the Company's ownership. The Company has retained an environmental consulting firm to further investigate the contamination including the measurement and monitoring of the site. In August 2013, the site was enrolled in Alabama's voluntary cleanup program. On October 30, 2014, the Company received estimates from its environmental consulting firm with three potential remediation solutions. The estimates include a range of viable remedial approaches, but agreement with Alabama’s voluntary cleanup program has not yet been reached. The first solution includes limited excavation and removal of the contaminated soil along with monitoring for a period up to 10 years. The second solution includes the first solution plus the installation of a groundwater extraction system. The third scenario includes the first and second solutions plus treatment injections to reduce the degradation time. The estimated expenditures over a 10-year period under the three scenarios range from $0.3 million to $1.4 million, of which up to $0.3 million may be capitalized. As the Company has determined that a loss is probable, however no scenario is more likely than the other at this time, a liability in the amount of $0.3 million was established in 2014. As of March 31, 2015, approximately $0.3 million remains accrued for remediation in other long-term liabilities on the accompanying consolidated balance sheet.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Inventory Disclosure [Abstract]
Components of inventories	Inventories, consisting primarily of purchased goods which are offered for resale, were as follows:
		(Dollars in thousands)
		31-Mar-15			31-Dec-14
	Inventories, gross	$	49,917		$	50,063
	Reserve for obsolete and excess inventory	(5,676		)	(5,546		)
	Inventories, net	$	44,241		$	44,517

Loan_Agreement_Tables

Loan Agreement (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Quarterly Financial Covenants [Table Text Block]	In addition to other customary representations, warranties and covenants, we are required to meet a minimum trailing twelve month EBITDA to fixed charges ratio, as defined in the Loan Agreement, and a minimum quarterly tangible net worth level as defined in the Second Amendment. On March 31, 2015, we were in compliance with all financial covenants as detailed below:
	Quarterly Financial Covenants	Requirement	Actual
	EBITDA to fixed charges ratio	1.10 : 1.00	2.37 : 1.00
	Minimum tangible net worth	$45.0 million	$52.8 million

Reserve_for_Severance_Tables

Reserve for Severance (Tables)	3 Months Ended
	Mar. 31, 2015
Severance Reserve [Abstract]
Changes in the Company's reserve for severance and related payments	Changes in the Company’s reserve for severance as of March 31, 2015 and 2014 were as follows:
		(Dollars in thousands)
		Three Months Ended March 31,
		2015			2014
	Balance at beginning of period	$	311		$	1,769
	Charged to earnings	571			728
	Payments	(216		)	(754		)
	Balance at end of period	$	666		$	1,743

Discontunued_Operations_Discon1

Discontunued Operations Discontunued Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations Table [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The following table details the components of income from discontinued operations:
		(Dollars in thousands, except per share data)
		Three Months Ended March 31,
		2015		2014
	Net sales	$	—	$	2,462
	Pre-tax income from discontinued operations	$	—	$	346
	Income tax expense	—		(133		)
	Income from discontinued operations	$	—	$	213
	Pre-tax gain on sale of ASMP	$	—	$	1,877
	Income tax expense	—		(723		)
	Net gain on sale of ASMP	$	—	$	1,154
	Income from discontinued operations, net of taxes	$	—	$	1,367
	Basic and diluted income per share	$	—	$	0.16

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accounting Policies [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	184,000	117,000

Restricted_Cash_Restricted_Cas1

Restricted Cash Restricted Cash (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Restricted Cash [Abstract]
Restricted Cash	$800	$800

Inventories_Details

Inventories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Components of inventories
Inventory, Gross	$49,917	$50,063
Inventory Valuation Reserves	5,676	5,546
Inventories, net	$44,241	$44,517

Loan_Agreement_Covenant_Detail

Loan Agreement Covenant (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Actual Value [Member]
Loan Agreement [Line Items]
MinTangibleNetWorth	$52,828
Required Minimum Value [Member]
Loan Agreement [Line Items]
MinTangibleNetWorth	$45,000
Maximum [Member] | Actual Value [Member]
Loan Agreement [Line Items]
Minimum Debt Service Coverage Ratio	2.37
Maximum [Member] | Required Minimum Value [Member]
Loan Agreement [Line Items]
Minimum Debt Service Coverage Ratio	1.1
Minimum [Member] | Actual Value [Member]
Loan Agreement [Line Items]
Minimum Debt Service Coverage Ratio	1
Minimum [Member] | Required Minimum Value [Member]
Loan Agreement [Line Items]
Minimum Debt Service Coverage Ratio	1

Loan_Agreement_Details

Loan Agreement (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Credit Facility (Textual) [Abstract]
Eligible accounts receivables percentage	80.00%
Eligible accounts receivables past due days	60 days
Eligible inventory percentage	50.00%
Eligible inventory expected to be sold period	18 months
Maximum borrowing amount based on inventory	$20,000,000
Secured Debt, Current	0
Credit Facility, remaining borrowing capacity	33,400,000
Interest Paid	100,000	300,000
Weighted average interest rate	3.25%
Maximum
Credit Facility (Textual) [Abstract]
Spread on LIBOR	1.85%
Restricted Dividends	7
Minimum
Credit Facility (Textual) [Abstract]
Spread on LIBOR	1.50%
Revolving Credit Facility [Member]
Credit Facility (Textual) [Abstract]
Credit facility, borrowing capacity	40,000,000
Letter of Credit [Member]
Credit Facility (Textual) [Abstract]
Credit facility, borrowing capacity	$10,000,000

Reserve_for_Severance_Activity

Reserve for Severance Activity in reserve (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Reserve for Off-balance Sheet Activities [Member]
Reserve for severance and related payments
Balance at beginning of period			$311
Balance at end of the period			311
Employee Severance [Member]
Reserve for severance and related payments
Balance at beginning of period		1,769
Charged to earnings		728
Cash paid	-216	-754
Balance at end of the period	666	1,743
Restructuring Charges [Member]
Reserve for severance and related payments
Charged to earnings	$571

Stock_Based_Compensation_Stock1

Stock Based Compensation Stock Based Compensation (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock Based Compensation
Share-based Compensation	($747)	$1,125
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	40,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$28.40
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	7 years
Minimum [Member]
Stock Based Compensation
Equity Share Payout Range	0
Maximum [Member]
Stock Based Compensation
Equity Share Payout Range	45,951
MSU [Member]
Stock Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	30,633
Share-based Compensation Award, Tranche One [Member]
Stock Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	380,000
Share Based Compensation Non Option Equity Instruments Granted Weighted Average Exercise Price	$28.40
Share-based Compensation Award, Tranche Two [Member]
Stock Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	29,373
Share Based Compensation Non Option Equity Instruments Granted Weighted Average Exercise Price	$25.16

Income_Tax_Income_Tax_Details

Income Tax Income Tax (Details) (USD $)	0 Months Ended	3 Months Ended
	2-May-13	Mar. 31, 2015	Mar. 31, 2014
Income Tax [Abstract]
Income Tax Expense (Benefit)		$55,000	($783,000)
Proposed Tax Adjustment Including Penalties	$1,300,000

Impairment_Loss_and_Property_H1

Impairment Loss and Property Held for Sale Impairment Loss and Property Held for Sale (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Impairment loss and property held for sale [Abstract]
Impairment loss	$0	$2,914

Discontunued_Operations_Discon2

Discontunued Operations Discontunued Operations (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses		$12,500,000
Net sales	0	2,462,000
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	1,367,000
Income from discontinued operations	0	213,000
Pre-tax income from discontinued operations	0	346,000
Income tax expense	0	-133,000
Net gain on sale of ASMP	0	1,154,000
Pre-tax gain on sale of ASMP	0	1,877,000
Income tax expense	$0	($723,000)
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share	$0	$0.16

Contingent_Liability_Contingen1

Contingent Liability Contingent Liability (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Environmental Remediation Term	10 years
Environmental Exit Costs, Reasonably Possible Additional Losses, Low Estimate	$0.30
Environmental Exit Costs, Anticipated Cost	1.4
Capitalizable Environmental Exit Costs	0.3
Environmental Exit Costs, Assets Previously Disposed, Liability for Remediation	$0.30	$0.30