Delaware		06-0865505
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

Common stock $.10 par value per share.
Total Shares outstanding July 26, 2002		16,007,055

								Page No.
Part I.				Financial Information
				Item 1.		Financial Statements
						Consolidated Condensed Balance Sheets		3
						Consolidated Condensed Statements of Income and Comprehensive Income		4-5
						Consolidated Condensed Statements of Cash Flows		6
						Notes to Consolidated Condensed Financial Statements		7-10
				Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		10-13
				Item 3.		Quantitative and Qualitative Disclosures about Market Risk		13
Part II.				Other Information
				Item 1.		Legal Proceedings		14
				Item 4.		Submission of Matters to a Vote of Security Holders		14
				Item 6.		Exhibits and Reports on Form 8-K		15
Signature								16

		June 30, 2002				December 31, 2001
		(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	1,041			$	955
Accounts receivable, net			46,241				35,458
Inventories:
Finished goods			10,704				10,306
Work in progress			11,233				8,135
Raw materials and supplies			9,358				9,799
LIFO reserve			(483	)			(483	)
Total inventories			30,812				27,757
Income taxes receivable			—				611
Prepaid expenses			2,268				2,363
Net investment in discontinued operations			1,118				1,165
Assets held for sale			410				1,515
Deferred tax assets			1,779				1,770
Total current assets			83,669				71,594
Property, plant and equipment, at cost			148,137				138,976
Accumulated depreciation			(67,459	)			(61,187	)
			80,678				77,789
Other assets, net			39,179				37,788
Total assets		$	203,526			$	187,171
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt		$	10,640			$	9,473
Accounts payable			15,827				14,497
Accrued taxes			2,529				792
Accrued payroll and other compensation			5,983				3,144
Other accrued liabilities			5,437				6,929
Total current liabilities			40,416				34,835
Long-term debt			19,985				18,210
Deferred tax liabilities			6,978				6,818
Other long-term liabilities			8,283				8,273
Commitments and contingencies
Stockholders’ equity:
Preferred stock			—				—
Common stock			2,210				2,208
Capital in excess of par value			41,676				41,439
Retained earnings			152,103				145,083
Accumulated other comprehensive loss			(6,483	)			(8,053	)
			189,506				180,677
Treasury stock, at cost			(61,642	)			(61,642	)
Total stockholders’ equity			127,864				119,035
Total liabilities and stockholders’ equity		$	203,526			$	187,171

		Three Months Ended June 30,
		2002				2001
		(Unaudited)
Net sales		$	66,259			$	58,940
Cost of sales			47,541				42,133
Gross margin			18,718				16,807
Selling, product development and administrative expenses			12,545				11,595
Impairment and restructuring charges			—				2,629
Operating income			6,173				2,583
Other (income) expense:
Investment income			(9	)			(54	)
Interest expense			202				243
Foreign currency transaction (gains) losses, net			(61	)			50
Other, net			—				10
			132				249
Income from continuing operations before income taxes			6,041				2,334
Income tax expense			2,121				757
Income from continuing operations			3,920				1,577
Discontinued operations:
Loss from disposal of discontinued segments, net of tax benefit of $49			—				(79	)
Loss from discontinued operations			—				(79	)
Net income		$	3,920			$	1,498
Basic earnings (loss) per common share:
Continuing operations		$	.25			$	.10
Discontinued operations			—				(.01	)
Net income		$	.25			$	.09
Diluted earnings (loss) per common share:
Continuing operations		$	.24			$	.10
Discontinued operations			—				(.01	)
Net income		$	.24			$	.09
Weighted average common stock outstanding			15,995				15,889
Weighted average common stock and equivalents outstanding			16,430				16,117
Net income		$	3,920			$	1,498
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments			2,731				(325	)
Change in fair value of derivative instrument			(42	)			(15	)
Other comprehensive income (loss), before tax			2,689				(340	)
Income tax (expense) benefit related to other comprehensive income (loss)			(941	)			118
Other comprehensive income (loss), net of tax			1,748				(222	)
Comprehensive income		$	5,668			$	1,276

		Six Months Ended June 30,
		2002				2001
		(Unaudited)
Net sales		$	125,944			$	117,205
Cost of sales			90,852				83,805
Gross margin			35,092				33,400
Selling, product development and administrative expenses			23,993				25,104
Impairment and restructuring charges			—				3,389
Operating income			11,099				4,907
Other (income) expense:
Investment income			(24	)			(91	)