Statements of Consolidated Income - USD ($) shares in Thousands, $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Income Statement [Abstract] | |||
| Net sales | $ 336,634 | $ 354,666 | $ 388,185 |
| Cost of products sold | 227,220 | 251,214 | 267,237 |
| GROSS PROFIT | 109,414 | 103,452 | 120,948 |
| Costs and expenses | |||
| Selling | 31,799 | 30,593 | 35,655 |
| General and administrative | 42,057 | 36,878 | 42,563 |
| Research and engineering | 14,025 | 14,879 | 16,302 |
| Other operating expenses - net | 54 | 8,753 | 5,190 |
| Total costs and expenses | 87,935 | 91,103 | 99,710 |
| OPERATING INCOME | 21,479 | 12,349 | 21,238 |
| Other income (expense) | |||
| Interest income | 291 | 391 | 483 |
| Interest expense | (844) | (565) | (658) |
| Other income (expense) | 27 | (469) | 347 |
| Total other income (expense) | (526) | (643) | 172 |
| INCOME BEFORE INCOME TAXES | 20,953 | 11,706 | 21,410 |
| Income taxes | 5,698 | 5,031 | 8,549 |
| NET INCOME | $ 15,255 | $ 6,675 | $ 12,861 |
| BASIC EARNINGS PER SHARE | |||
| Net income | $ 2.95 | $ 1.25 | $ 2.39 |
| DILUTED EARNINGS PER SHARE | |||
| Net income | 2.95 | 1.24 | 2.39 |
| Cash dividends declared per share | $ 0.80 | $ 0.80 | $ 0.80 |
| Weighted-average number of shares outstanding - basic | 5,166 | 5,350 | 5,377 |
| Weighted-average number of shares outstanding - diluted | 5,178 | 5,366 | 5,382 |