NN (NNBR) 10-Q 9 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	5-May-14
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Registrant Name	'NN INC	'
Entity Central Index Key	'0000918541	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	17,749,277

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'
Net sales	$102,528	$93,797
Cost of products sold (exclusive of depreciation and amortization shown separately below)	80,283	74,517
Selling, general and administrative	10,030	9,106
Depreciation and amortization	3,877	4,531
Loss on disposal of assets	'	4
Income from operations	8,338	5,639
Interest expense	564	785
Other expense, net	83	579
Income before provision for income taxes	7,691	4,275
Provision for income taxes	2,453	1,404
Net income	5,238	2,871
Other comprehensive income:	'	'
Foreign currency translation loss	-639	-1,805
Comprehensive income	$4,599	$1,066
Basic income per common share:	$0.30	$0.17
Weighted average shares outstanding	17,656	17,055
Diluted income per common share:	$0.29	$0.17
Weighted average shares outstanding	17,962	17,162
Cash dividends per common share	$0.07	$0

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$4,542	$3,039
Accounts receivable, net of allowance for doubtful accounts of $458 and $445, respectively	74,165	58,929
Inventories	57,449	54,530
Other current assets	10,221	9,176
Total current assets	146,377	125,674
Property, plant and equipment, net	125,742	121,089
Goodwill, net	8,959	8,624
Intangible asset, net	975	900
Non-current deferred tax assets	1,698	2,713
Other non-current assets	3,238	3,402
Total assets	286,989	262,402
Current liabilities:	'	'
Accounts payable	45,816	40,687
Accrued salaries, wages and benefits	11,215	11,761
Current maturities of long-term debt	13,752	10,477
Income taxes payable	2,496	1,340
Other current liabilities	6,453	5,119
Total current liabilities	79,732	69,384
Non-current deferred tax liabilities	3,936	3,844
Long-term debt, net of current portion	36,000	26,000
Other non-current liabilities	10,299	10,414
Total liabilities	129,967	109,642
Total stockholders' equity	157,022	152,760
Total liabilities and stockholders' equity	$286,989	$262,402

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Statement Of Financial Position [Abstract]	'	'
Allowance for doubtful accounts	$458	$445

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
In Thousands
Beginning Balance at Dec. 31, 2013	$152,760	$176	$63,126	$65,929	$23,529
Beginning Balance, Shares at Dec. 31, 2013	'	17,630	'	'	'
Net income	5,238	'	'	5,238	'
Dividends declared	-1,235	'	'	-1,235	'
Shares issued for option exercises	359	1	358	'	'
Shares issued for option exercises, Shares	29	28	'	'	'
Stock option expense	377	'	377	'	'
Restricted stock expense	162	'	162	'	'
Restricted stock expense, Shares	'	91	'	'	'
Foreign currency translation loss	-639	'	'	'	-639
Ending Balance at Mar. 31, 2014	$157,022	$177	$64,023	$69,932	$22,890
Ending Balance, Shares at Mar. 31, 2014	'	17,749	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating Activities:	'	'
Net income	$5,238	$2,871
Adjustments to reconcile net income to net cash used by operating activities:	'	'
Depreciation and amortization	3,877	4,531
Amortization of debt issuance costs	108	146
Loss on disposal of assets	'	4
Share-based compensation expense	539	430
Changes in operating assets and liabilities:	'	'
Accounts receivable	-15,257	-15,981
Inventories	-1,963	1,048
Accounts payable	5,241	2,700
Other assets and liabilities	920	1,755
Net cash used by operating activities	-1,297	-2,496
Investing Activities:	'	'
Acquisition of property, plant and equipment	-2,178	-3,154
Cash paid to acquire business, net of cash received	-7,312	'
Net cash used by investing activities	-9,490	-3,154
Financing Activities:	'	'
Proceeds from short-term debt, net	3,275	2,142
Principal payments on capital lease	-36	-32
Proceeds from long-term debt, net	10,000	'
Repayment of long-term debt, net	'	-8,000
Dividends paid	-1,235	'
Proceeds from issuance of stock and exercise of stock options	359	'
Net cash provided (used) by financing activities	12,363	-5,890
Effect of exchange rate changes on cash flows	-73	197
Net Change in Cash	1,503	-11,343
Cash at Beginning of Period	3,039	18,990
Cash at End of Period	$4,542	$7,647

Interim_Financial_Statements

Interim Financial Statements	3 Months Ended
	Mar. 31, 2014
Quarterly Financial Information Disclosure [Abstract]	'
Interim Financial Statements	'
	Note 1. Interim Financial Statements
	The accompanying condensed consolidated financial statements of NN, Inc. have not been audited, except that the condensed consolidated balance sheet at December 31, 2013 was derived from our audited consolidated financial statements. In our opinion, these financial statements reflect all adjustments necessary to fairly state the results of operations for the three month periods ended March 31, 2014 and 2013, our financial position at March 31, 2014 and December 31, 2013, and the cash flows for the three month periods ended March 31, 2014 and 2013 on a basis consistent with our audited financial statements. These adjustments are of a normal recurring nature and are, in the opinion of management, necessary for fair statement of the financial position and operating results for the interim periods. As used in this Quarterly Report on Form 10-Q, the terms “NN”, “the Company”, “we”, “our”, or “us” mean NN, Inc. and its subsidiaries.
	Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted from the interim financial statements presented in this Quarterly Report on Form 10-Q. These unaudited, condensed and consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto included in our most recent Annual Report on Form 10-K for the year ended December 31, 2013 which we filed with the Securities and Exchange Commission on March 14, 2014. The results for the three month period ended March 31, 2014 are not necessarily indicative of results for the year ending December 31, 2014 or any other future periods.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	Note 2. Acquisitions
	As of January 30, 2014, we purchased the majority of the operating assets of VS Industries, VS Precision, LLC and VS Precision SA de DV (collectively referred to as “VS Industries”) from the secured creditors of VS Industries for $5,580 in cash. In addition, we incurred fees from third parties as part of the purchase of $500, which were expensed as incurred in Selling, general and administrative within the Condensed Consolidated Statements of Comprehensive Income. The results of the operations of VS Industries have been consolidated with NN, Inc. since the date of acquisition and VS has contributed revenues and net loss of approximately $1,800 and $(450), respectively, from the date of acquisition to March 31, 2014. The pro forma impact of the VS Industries acquisition is not presented, as it is not considered material to our consolidated financial statements.
	VS Industries is a precision metal components manufacturer that supplies customers in a variety of industries including electric motors, HVAC, power tools, automotive and medical. The acquisition of VS Industries will provide us with a complementary, but broader product offering and will allow penetration into adjacent markets. VS Industries has two locations in Wheeling, Illinois and Juarez, Mexico.
	The following table summarized the estimated fair values of assets acquired and liabilities assumed at the date of acquisition. We are in the process of finalizing fair market valuations of certain tangible and intangible assets in addition to finalizing the valuation of certain assumed liabilities. We expect this process to be complete during the second quarter of 2014 and plan to disclose the final allocation within our quarterly report on Form 10-Q for the second quarter of 2014.
	As of January 30, 2014
	Current assets	$	1,263
	Property, plant, and equipment		6,902
	Intangible assets subject to amortization		75
	Goodwill		244
	Total assets acquired	$	8,484
	Current liabilities	$	2,904
	Total liabilities assumed	$	2,904
	Net asset acquired	$	5,580
	The intangible assets subject to amortization are for customer contracts and proprietary software totaling $75. The intangible assets subject to amortization have a weighted average life of approximately 10 years. Based on the Company’s analysis, all of the goodwill and intangible assets will be deductible and amortized over 15 years for federal tax purposes.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Note 3. Inventories
	Inventories are comprised of the following:
		March 31,		December 31,
		2014		2013
	Raw materials	$	16,195	$	15,448
	Work in process		10,744		9,672
	Finished goods		30,510		29,410
		$	57,449	$	54,530
	Inventories on consignment at customer locations as of March 31, 2014 and December 31, 2013 totaled $5,785 and $4,735, respectively.
	Inventories are stated at the lower of cost or market. Cost is determined using the average cost method. The inventory valuations above were developed using normalized production capacities for each of our manufacturing locations. Any costs from abnormal excess capacity or under-utilization of fixed production overheads are expensed in the period incurred and are not included as a component of inventory valuation.

Net_Income_Per_Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Net Income Per Share	'
	Note 4. Net Income Per Share
	The difference between the basic weighted average shares outstanding and the diluted weighted average shares outstanding for all periods reported are the effect of dilutive stock options calculated using the treasury stock method. The dilutive shares for the three month periods ended March 31, 2014 and 2013 were 306 and 107, respectively. Excluded from the dilutive shares outstanding for the three month period ended March 31, 2014 were 986 of anti-dilutive options which had exercise prices ranging from $8.54 to $19.63. There were 1,425 anti-dilutive options with exercise prices ranging from $8.54 to $14.13 excluded from the dilutive shares outstanding for the three month period ended March 31, 2013.

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	Note 5. Segment Information
	The segment information and the accounting policies of each segment are the same as those described in the notes to the consolidated financial statements entitled “Segment Information” and “Summary of Significant Accounting Policies and Practices,” respectively, included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013. We evaluate segment performance based on segment net income (loss). The 2013 segment net income (loss) amounts were amended to remove interest costs, net of taxes formerly allocated to the segments prior to the third quarter of 2013. We account for inter-segment sales and transfers at current market prices. We did not have any significant inter-segment transactions during the three month periods ended March 31, 2014 and 2013.
	(In Thousands of Dollars)	Metal Bearing		Precision		Plastic and		Corporate			Total
		Components		Metal		Rubber		and
		Segment		Components		Components		Consolidations
				Segment		Segment
	Three Months ended March 31, 2014
	Revenues from external customers	$	70,900	$	23,738	$	7,890	$	—		$	102,528
	Net income (loss)	$	5,956	$	1,641	$	151	$	(2,510	)	$	5,238
	Total assets	$	206,825	$	54,812	$	16,939	$	8,413		$	286,989
	(In Thousands of Dollars)	Metal Bearing		Precision		Plastic and		Corporate			Total
		Components		Metal		Rubber		and
		Segment		Components		Components		Consolidations
				Segment		Segment
	Three Months ended March 31, 2013
	Revenues from external customers	$	63,688	$	20,743	$	9,366	$	—		$	93,797
	Net income (loss)	$	4,024	$	1,049	$	259	$	(2,461	)	$	2,871
	Total assets	$	192,768	$	43,774	$	19,945	$	8,160		$	264,647

PostEmployment_Benefit_Liabili

Post-Employment Benefit Liabilities	3 Months Ended
	Mar. 31, 2014
Compensation And Retirement Disclosure [Abstract]	'
Post-Employment Benefit Liabilities	'
	Note 6. Post-Employment Benefit Liabilities
	We provide certain post-employment benefits to employees at our Pinerolo and Veenendaal Plants that are either required by law or are local labor practice. These plans are described below.
	In accordance with Italian law, we have an unfunded severance plan covering our Pinerolo Plant employees under which all employees at that location are entitled to receive severance indemnities upon termination of their employment.
	We have certain plans that cover our Veenendaal Plant employees that provide awards for employees who achieve 25 or 40 years of service and awards for employees upon retirement. The plans are unfunded and the benefits are based on years of service and rate of compensation at the time the award is paid.
	The amounts shown in the table below represent the combined actual liabilities at March 31, 2014 and December 31, 2013, reported as a component of Other non-current liabilities in the Condensed Consolidated Balance Sheets.
		March 31,			December 31,
		2014			2013
	Beginning balance	$	6,920		$	6,930
	Amounts accrued		162			1,019
	Payments to employees/government managed plan		(148	)		(1,331	)
	Foreign currency impacts		(2	)		302
	Ending balance	$	6,932		$	6,920

LongTerm_Debt_and_ShortTerm_De

Long-Term Debt and Short-Term Debt	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Long-Term Debt and Short-Term Debt	'
	Note 7. Long-Term Debt and Short-Term Debt
	Long-term debt and short-term debt at March 31, 2014 and December 31, 2013 consisted of the following:
		March 31,		December 31,
		2014		2013
	Borrowings under our $100,000 revolving credit facility bearing interest at a floating rate equal to LIBOR (0.1875% at March 31, 2014) plus an applicable margin of 1.25% at March 31, 2014, expiring October 26, 2017.	$	24,038	$	10,763
	Borrowings under our $40,000 aggregate principal amount of fixed rate notes bearing interest at a fixed rate of 4.89% maturing on April 26, 2014. Annual principal payments of $5,714 began on April 26, 2008 and extend through the date of maturity.		5,714		5,714
	Borrowings under our $20,000 aggregate principal amount of fixed rate notes bearing interest at a fixed rate of 4.64% maturing on December 20, 2018. Annual principal payments of $4,000 will begin on December 22, 2014 and extend through the date of maturity.		20,000		20,000
	Total debt		49,752		36,477
	Less current maturities of long-term debt		13,752		10,477
	Long-term debt, excluding current maturities of long-term debt	$	36,000	$	26,000
	The $100,000 revolving credit facility may be expanded upon our request with approval of the lenders by up to $35,000 under the same terms and conditions. The loan agreement contains customary restrictions on, among other things, additional indebtedness, liens on our assets, sales or transfers of assets, investments, issuance of equity securities, and merger, acquisition and other fundamental changes in our business including a “material adverse change” clause, which if triggered would give the lenders the right to accelerate the maturity of the debt. The facility has a $10,000 swing line feature to meet short term cash flow needs. Any borrowings under this swing line are considered short term. Costs associated with entering into the revolving credit facility were capitalized and will be amortized into interest expense over the life of the facility. As of March 31, 2014 and December 31, 2013, $1,510 and $1,617, respectively of net capitalized loan origination costs related to the revolving credit facility were recorded on the condensed consolidated balance sheet within other non-current assets.
	The $40,000 and $20,000 fixed rate agreements contain customary restrictions on, among other things, additional indebtedness, liens on our assets, sales or transfers of assets, investments, issuance of equity securities, and mergers, acquisitions and other fundamental changes in our business including a “material adverse change” clause, which if triggered would give the lenders the right to accelerate the maturity of the debt. We incurred costs as a result of issuing these notes which have been recorded on the condensed consolidated balance sheet within other non-current assets and are being amortized over the term of the notes. The unamortized balance at March 31, 2014 and December 31, 2013 was $32 and $34, respectively.

Goodwill_net

Goodwill, net	3 Months Ended
	Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]	'
Goodwill, net	'
	Note 8. Goodwill, net
	The changes in the carrying amount of goodwill, net for the three month period ended March 31, 2014 are as follows:
	(In Thousands of Dollars)	Metal Bearing		Precision		Total
		Components		Metal
		Segment		Components
				Segment
	Balance as of January 1, 2014	$	8,624	$	—	$	8,624
	Currency translation impacts		90		—		90
	Goodwill acquired in acquisition		—		245		245
	Balance as of March 31, 2014	$	8,714	$	245	$	8,959
	The goodwill balance is tested for impairment on an annual basis during the fourth quarter and between annual tests if a triggering event occurs. As of March 31, 2014, there are no indications of impairment at the remaining reporting unit with a goodwill balance.
	The goodwill in the Precision Metal Components Segment was acquired during the three months ended March 31, 2014 with the acquisition of VS Industries (see Note 2 of the Notes to Condensed Consolidated Financial Statements).

Intangible_Assets_Net

Intangible Assets, Net	3 Months Ended
	Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]	'
Intangible Assets, Net	'
	Note 9. Intangible Assets, Net
	The Precision Metal Components Segment has an indefinite lived intangible asset not subject to amortization of $900 related to the value of the trade names of Whirlaway. The intangible asset balance is tested for impairment on an annual basis during the fourth quarter and between annual tests if a triggering event occurs. There are no indicators of impairment for the intangible asset as of March 31, 2014.
	Additionally, the Precision Metal Components Segment acquired a customer contract intangible asset and proprietary software intangible assets related to the acquisition of VS Industries during the three months ended of March 31, 2014 of $75. These intangible assets have a weighted average useful life of 10 years and are subject to amortization of approximately $8 a year (see Note 2 of the Notes to Condensed Consolidated Financial Statements).

SharedBased_Compensation

Shared-Based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Shared-Based Compensation	'
	Note 10. Shared-Based Compensation
	During the three month periods ended March 31, 2014 and 2013, approximately $539 and $430, respectively, of compensation expense was recognized in selling, general and administrative expense for all share-based awards. During the three month period ended March 31, 2014, there were 93 share awards and 96 options awards to non-executive directors, officers and certain other key employees.
	The restricted shares granted during the three month periods ended March 31, 2014 and 2013, vest pro-rata over three years. During the three month periods ended March 31, 2014 and 2013, we incurred $162 and $163, respectively, in expense related to restricted stock. The fair value of the shares issued was determined by using the grant date closing price of our common stock.
	We incurred $377 and $267 of stock option expense in the three month periods ended March 31, 2014 and 2013, respectively. The fair value of our options cannot be determined by market value, as our options are not traded in an open market. Accordingly, the Black Scholes financial pricing model is utilized to estimate the fair value.
	The following table provides a reconciliation of option activity for the three month period ended March 31, 2014:
	Options		Shares (000)			Weighted-		Weighted-		Aggregate
						Average		Average		Intrinsic Value
						Exercise		Remaining		$0
						Price		Contractual
								Term
	Outstanding at January 1, 2014			1,233		$	10.65
	Granted			96		$	19.63
	Exercised			(29	)	$	12.62
	Forfeited or expired			(8	)	$	12.62
	Outstanding at March 31, 2014			1,292		$	11.26		6.6	$	10,900	(1)
	Exercisable at March 31, 2014			840		$	10.79		5.4	$	7,474	(1)
	(1)	The intrinsic value is the amount by which the market price of our stock was greater than the exercise price of any individual option grant at March 31, 2014.

Provision_for_Income_Taxes

Provision for Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Provision for Income Taxes	'
	Note 11. Provision for Income Taxes
	For the three month periods ended March 31, 2014 and 2013, our effective tax rates were 32% and 33%, respectively, which were consistent with the U.S. federal statutory tax rate of 34%. The difference between the U.S. federal statutory tax rate of 34% and our effective tax rates for the three months ended March 31, 2014 and 2013 was primarily due to the effective tax rate being impacted by non-U.S. based earnings being taxed at lower rates.
	As of March 31, 2014, we do not foresee any significant changes to our unrecognized tax benefits within the next twelve months.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Note 12. Commitments and Contingencies
	All legal proceedings, with the exception of the bankruptcy of our German subsidiary discussed below, are of an ordinary and routine nature and are incidental to our operations. Management believes that such proceedings should not, individually or in the aggregate, have a material adverse effect on our business, financial condition, results of operations, or cash flows. In making that determination, we analyze the facts and circumstances of each case at least quarterly in consultation with our attorneys and determine a range of reasonably possible outcomes. The procedures performed include reviewing attorney and plaintiff correspondence, reviewing any filings made and discussing the facts of the case with local management and legal counsel. We have recognized loss contingencies of approximately $200 and $200 at March 31, 2014 and December 31, 2013, respectively, which we believe are adequate to cover all probable liabilities to be incurred by all of the cases in the aggregate.
	As discussed more fully in our Annual Report on Form 10-K filed March 14, 2014, the ultimate impact on NN of our wholly owned German subsidiary Kugelfertigung Eltmann GbmH (“Eltmann” or “Eltmann Plant”) filing for bankruptcy will depend on the findings of the bankruptcy court. We do not expect any further significant impacts on our condensed consolidated financial statements as a result of the liquidation of this subsidiary.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments	'
	Note 13. Fair Value of Financial Instruments
	The fair values of our fixed rate long-term borrowings are calculated by using a discounted cash flow analysis factoring in current market borrowing rates for similar types of borrowing arrangements considering our credit profile. The carrying value of our variable rate long-term borrowings is a reasonable approximation of fair value due to the variable interest rates. The fair value of our fixed rate and variable rate borrowings is determined using Level 2 inputs under the U.S. GAAP fair value hierarchy. The carrying amounts and fair values of our long-term debt are in the table below:
		March 31, 2014				December 31, 2013
	(In Thousands of Dollars)	Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
	Variable rate long-term debt	$	24,038	$	24,038	$	10,763	$	10,763
	Fixed rate long-term debt	$	25,714	$	26,001	$	25,714	$	26,507

Acquisitions_Tables

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed	'
	The following table summarized the estimated fair values of assets acquired and liabilities assumed at the date of acquisition.
	As of January 30, 2014
	Current assets	$	1,263
	Property, plant, and equipment		6,902
	Intangible assets subject to amortization		75
	Goodwill		244
	Total assets acquired	$	8,484
	Current liabilities	$	2,904
	Total liabilities assumed	$	2,904
	Net asset acquired	$	5,580

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Summary of Inventories	'
	Inventories are comprised of the following:
		March 31,		December 31,
		2014		2013
	Raw materials	$	16,195	$	15,448
	Work in process		10,744		9,672
	Finished goods		30,510		29,410
		$	57,449	$	54,530

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	We did not have any significant inter-segment transactions during the three month periods ended March 31, 2014 and 2013.
	(In Thousands of Dollars)	Metal Bearing		Precision		Plastic and		Corporate			Total
		Components		Metal		Rubber		and
		Segment		Components		Components		Consolidations
				Segment		Segment
	Three Months ended March 31, 2014
	Revenues from external customers	$	70,900	$	23,738	$	7,890	$	—		$	102,528
	Net income (loss)	$	5,956	$	1,641	$	151	$	(2,510	)	$	5,238
	Total assets	$	206,825	$	54,812	$	16,939	$	8,413		$	286,989
	(In Thousands of Dollars)	Metal Bearing		Precision		Plastic and		Corporate			Total
		Components		Metal		Rubber		and
		Segment		Components		Components		Consolidations
				Segment		Segment
	Three Months ended March 31, 2013
	Revenues from external customers	$	63,688	$	20,743	$	9,366	$	—		$	93,797
	Net income (loss)	$	4,024	$	1,049	$	259	$	(2,461	)	$	2,871
	Total assets	$	192,768	$	43,774	$	19,945	$	8,160		$	264,647

PostEmployment_Benefit_Liabili1

Post-Employment Benefit Liabilities (Tables)	3 Months Ended
	Mar. 31, 2014
Compensation And Retirement Disclosure [Abstract]	'
Schedule of Changes to Post-Employment Benefits	'
	The amounts shown in the table below represent the combined actual liabilities at March 31, 2014 and December 31, 2013, reported as a component of Other non-current liabilities in the Condensed Consolidated Balance Sheets.
		March 31,			December 31,
		2014			2013
	Beginning balance	$	6,920		$	6,930
	Amounts accrued		162			1,019
	Payments to employees/government managed plan		(148	)		(1,331	)
	Foreign currency impacts		(2	)		302
	Ending balance	$	6,932		$	6,920

LongTerm_Debt_and_ShortTerm_De1

Long-Term Debt and Short-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Summary of Long-Term Debt and Short-Term Debt	'
	Long-term debt and short-term debt at March 31, 2014 and December 31, 2013 consisted of the following:
		March 31,		December 31,
		2014		2013
	Borrowings under our $100,000 revolving credit facility bearing interest at a floating rate equal to LIBOR (0.1875% at March 31, 2014) plus an applicable margin of 1.25% at March 31, 2014, expiring October 26, 2017.	$	24,038	$	10,763
	Borrowings under our $40,000 aggregate principal amount of fixed rate notes bearing interest at a fixed rate of 4.89% maturing on April 26, 2014. Annual principal payments of $5,714 began on April 26, 2008 and extend through the date of maturity.		5,714		5,714
	Borrowings under our $20,000 aggregate principal amount of fixed rate notes bearing interest at a fixed rate of 4.64% maturing on December 20, 2018. Annual principal payments of $4,000 will begin on December 22, 2014 and extend through the date of maturity.		20,000		20,000
	Total debt		49,752		36,477
	Less current maturities of long-term debt		13,752		10,477
	Long-term debt, excluding current maturities of long-term debt	$	36,000	$	26,000

Goodwill_net_Tables

Goodwill, net (Tables)	3 Months Ended
	Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]	'
Changes in Carrying Amount of Goodwill	'
	The changes in the carrying amount of goodwill, net for the three month period ended March 31, 2014 are as follows:
	(In Thousands of Dollars)	Metal Bearing		Precision		Total
		Components		Metal
		Segment		Components
				Segment
	Balance as of January 1, 2014	$	8,624	$	—	$	8,624
	Currency translation impacts		90		—		90
	Goodwill acquired in acquisition		—		245		245
	Balance as of March 31, 2014	$	8,714	$	245	$	8,959

SharedBased_Compensation_Table

Shared-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Reconciliation of Option Activity	'
	The following table provides a reconciliation of option activity for the three month period ended March 31, 2014:
	Options		Shares (000)			Weighted-		Weighted-		Aggregate
						Average		Average		Intrinsic Value
						Exercise		Remaining		$0
						Price		Contractual
								Term
	Outstanding at January 1, 2014			1,233		$	10.65
	Granted			96		$	19.63
	Exercised			(29	)	$	12.62
	Forfeited or expired			(8	)	$	12.62
	Outstanding at March 31, 2014			1,292		$	11.26		6.6	$	10,900	(1)
	Exercisable at March 31, 2014			840		$	10.79		5.4	$	7,474	(1)
	(1)	The intrinsic value is the amount by which the market price of our stock was greater than the exercise price of any individual option grant at March 31, 2014.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Summary of Carrying Amounts and Fair Values of Long-term Debt	'
	The carrying amounts and fair values of our long-term debt are in the table below:
		March 31, 2014				December 31, 2013
	(In Thousands of Dollars)	Carrying		Fair		Carrying		Fair
		Amount		Value		Amount		Value
	Variable rate long-term debt	$	24,038	$	24,038	$	10,763	$	10,763
	Fixed rate long-term debt	$	25,714	$	26,001	$	25,714	$	26,507

Acquisitions_Additional_Inform

Acquisitions - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Jan. 30, 2014	Mar. 31, 2014
			VS [Member]	VS [Member]	VS [Member]
					Customer Contracts And Proprietary Software [Member]
Business Acquisition [Line Items]	'	'	'	'	'
Date of acquisition	'	'	30-Jan-14	'	'
Operating assets acquired in cash	$7,312	'	$5,580	'	'
Fees incurred from third parties as part of acquisition	'	'	500	'	'
Business combinations revenue during period from acquired business	'	'	1,800	'	'
Business combinations net income during period from acquired business	5,238	2,871	-450	'	'
Intangible assets subject to amortization	'	'	'	$75	$75
Weighted average life of intangible assets subject to amortization	'	'	'10 years	'	'
Goodwill and intangible assets remaining amortized period	'	'	'15 years	'	'

Acquisitions_Summary_of_Estima

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Jan. 30, 2014
In Thousands, unless otherwise specified			VS [Member]
Business Acquisition [Line Items]	'	'	'
Current assets	'	'	$1,263
Property, plant, and equipment	'	'	6,902
Intangible assets subject to amortization	'	'	75
Goodwill	8,959	8,624	244
Total assets acquired	'	'	8,484
Current liabilities	'	'	2,904
Total liabilities assumed	'	'	2,904
Net asset acquired	'	'	$5,580

Inventories_Summary_of_Invento

Inventories - Summary of Inventories (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Raw materials	$16,195	$15,448
Work in process	10,744	9,672
Finished goods	30,510	29,410
Inventories	$57,449	$54,530

Inventories_Additional_Informa

Inventories - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]	'	'
Inventory on consignment at customers' location	$5,785	$4,735

Net_Income_Per_share_Additiona

Net Income Per share - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'
Dilutive shares	306	107
Anti-dilutive options	986	1,425
Anti-dilutive securities excluded from computation of earnings per share minimum price range	$8.54	$8.54
Anti-dilutive securities excluded from computation of earnings per share maximum price range one	$19.63	$14.13

Segment_Information_Segment_In

Segment Information - Segment Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	$102,528	$93,797	'
Net income (loss)	5,238	2,871	'
Total assets	286,989	264,647	262,402
Metal Bearing Components Segment [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	70,900	63,688	'
Net income (loss)	5,956	4,024	'
Total assets	206,825	192,768	'
Precision Metal Components Segment [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	23,738	20,743	'
Net income (loss)	1,641	1,049	'
Total assets	54,812	43,774	'
Plastic and Rubber Components Segment [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	7,890	9,366	'
Net income (loss)	151	259	'
Total assets	16,939	19,945	'
Corporate and Consolidations [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Revenues from external customers	'	'	'
Net income (loss)	-2,510	-2,461	'
Total assets	$8,413	$8,160	'

PostEmployment_Benefit_Liabili2

Post-Employment Benefit Liabilities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014
Minimum [Member]	'
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'
Awards for employees	'25 years
Maximum [Member]	'
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'
Awards for employees	'40 years

PostEmployment_Benefit_Liabili3

Post-Employment Benefit Liabilities - Schedule of Changes to Post-Employment Benefits (Detail) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Compensation And Retirement Disclosure [Abstract]	'	'
Beginning balance	$6,920	$6,930
Amounts accrued	162	1,019
Payments to employees/government managed plan	-148	-1,331
Foreign currency impacts	-2	302
Ending balance	$6,932	$6,920

LongTerm_Debt_and_ShortTerm_De2

Long-Term Debt and Short-Term Debt - Summary of Long-Term Debt and Short-Term Debt (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Total debt	$49,752	$36,477
Less current maturities of long-term debt	13,752	10,477
Long-term debt, excluding current maturities of long-term debt	36,000	26,000
October 26, 2017 [Member]	'	'
Debt Instrument [Line Items]	'	'
Borrowings under our $100,000 revolving credit facility bearing interest at a floating rate equal to LIBOR (0.1875% at March 31, 2014) plus an applicable margin of 1.25% at March 31, 2014, expiring October 26, 2017.	24,038	10,763
April 26, 2014 [Member]	'	'
Debt Instrument [Line Items]	'	'
Borrowings under our $40,000 aggregate principal amount of fixed rate notes bearing interest at a fixed rate of 4.89% maturing on April 26, 2014. Annual principal payments of $5,714 began on April 26, 2008 and extend through the date of maturity.	5,714	5,714
December 20, 2018 [Member]	'	'
Debt Instrument [Line Items]	'	'
Borrowings under our $20,000 aggregate principal amount of fixed rate notes bearing interest at a fixed rate of 4.64% maturing on December 20, 2018. Annual principal payments of $4,000 will begin on December 22, 2014 and extend through the date of maturity.	$20,000	$20,000

LongTerm_Debt_and_ShortTerm_De3

Long-Term Debt and Short-Term Debt - Summary of Long-Term Debt and Short-Term Debt (Parenthetical) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
October 26, 2017 [Member]	'
Debt Instrument [Line Items]	'
Borrowings	$100,000
Line of credit LIBOR rate	0.19%
Applicable margin added to the interest rate post amendment	1.25%
April 26, 2014 [Member]	'
Debt Instrument [Line Items]	'
Percentage of fixed interest rate bearing	4.89%
December 20, 2018 [Member]	'
Debt Instrument [Line Items]	'
Percentage of fixed interest rate bearing	4.64%
Fixed Rate Notes [Member] | April 26, 2014 [Member]	'
Debt Instrument [Line Items]	'
Fixed rate notes payable	40,000
Annual principal payment of fixed rate notes	5,714
Fixed Rate Notes [Member] | December 20, 2018 [Member]	'
Debt Instrument [Line Items]	'
Fixed rate notes payable	20,000
Annual principal payment of fixed rate notes	$4,000

LongTerm_Debt_and_ShortTerm_De4

Long-Term Debt and Short-Term Debt - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Line of Credit Facility [Line Items]	'	'
Potential to expand credit facility under credit agreement	$35,000	'
Amount of credit facility to meet short term cash flow needs	10,000	'
December 20, 2018 [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Notes Payable	20,000	'
Fixed Rate Notes [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Unamortized balance	32	34
Notes Payable	40,000	'
Revolving Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Borrowings	100,000	'
Unamortized balance	$1,510	$1,617

Goodwill_Net_Changes_in_Carryi

Goodwill, Net - Changes in Carrying Amount of Goodwill (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Goodwill [Line Items]	'
Beginning Balance	$8,624
Currency translation impacts	90
Goodwill acquired in acquisition	245
Ending Balance	8,959
Metal Bearing Components Segment [Member]	'
Goodwill [Line Items]	'
Beginning Balance	8,624
Currency translation impacts	90
Goodwill acquired in acquisition	'
Ending Balance	8,714
Precision Metal Components Segment [Member]	'
Goodwill [Line Items]	'
Beginning Balance	'
Currency translation impacts	'
Goodwill acquired in acquisition	245
Ending Balance	$245

Goodwill_Net_Additional_Inform

Goodwill, Net - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]	'
Impairment of goodwill	$0

Intangible_Assets_Net_Addition

Intangible Assets, Net - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified			Customer Contracts [Member]	Whirlaway [Member]
Goodwill And Intangible Assets [Line Items]	'	'	'	'
Indefinite lived intangible asset not subject to amortization	$975	$900	'	$900
Finite-Lived Intangible Assets, Net	'	'	75	'
Finite-Lived Intangible Asset, Useful Life	'	'	'10 years	'
Amortization of Intangible Assets	'	'	$8	'

SharedBased_Compensation_Addit

Shared-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'
Share-based compensation expense	$539	$430
Number of Options, Granted	96	'
Shares granted other than options	93	'
Expenses related to issuance of restricted stock	162	163
Vesting period of stock issue	'3 years	'3 years
Stock or Unit Option Plan Expense	$377	$267

SharedBased_Compensation_Recon

Shared-Based Compensation - Reconciliation of Option Activity (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Number of options, Outstanding, Beginning Balance	1,233
Number of Options, Granted	96
Number of Options, Exercised	-29
Number of Options, Forfeited or expired	-8
Number of Options, Outstanding, Ending Balance	1,292
Number of Options, Options Exercisable	840
Weighted-Average Exercise Price, Outstanding, Beginning Balance	$10.65
Weighted-Average Exercise Price, Granted	$19.63
Weighted-Average Exercise Price, Exercised	$12.62
Weighted-Average Exercise Price, Forfeited or expired	$12.62
Weighted-Average Exercise Price, Outstanding, Ending Balance	$11.26
Weighted-Average Exercise Price, Options exercisable	$10.79
Weighted-Average Remaining Contractual Term, Outstanding, Ending Balance	'6 years 7 months 6 days
Weighted- Average Remaining Contractual Term, Options exercisable	'5 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding, Ending Balance	$10,900
Aggregate Intrinsic Value, Options exercisable	$7,474

Provision_for_Income_Taxes_Add

Provision for Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]	'	'
State and Local effective income tax rate	32.00%	33.00%
U.S. federal statutory rate	34.00%	34.00%

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Commitments And Contingencies Disclosure [Abstract]	'	'
Recognized loss contingency	$200	$200

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Summary of Carrying Amounts and Fair Values of Long-term Debt (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Variable Rate Long-Term Debt [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt carrying amount	$24,038	$10,763
Long-term debt fair value	24,038	10,763
Fixed Rate Long-Term Debt [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term debt carrying value	25,714	25,714
Long-term debt fair value	$26,001	$26,507