Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 32,940 $ 30,393
Accounts receivable, less allowances of $3,149 ($2,326 in 2015) 69,473 63,626
Inventories - net 73,665 69,912
Prepaids 4,433 4,030
Prepaid taxes 5,511 5,585
Other current assets 6,203 6,343
TOTAL CURRENT ASSETS 192,225 179,889
Property, plant and equipment - net 107,327 91,965
Patents and other intangibles - net 11,245 11,288
Goodwill 16,556 15,821
Deferred income taxes 13,910 12,704
Other assets 11,355 11,703
TOTAL ASSETS 352,618 323,370
LIABILITIES AND SHAREHOLDERS' EQUITY    
Notes payable to banks 324 413
Current portion of long-term debt 1,569 110
Trade accounts payable 26,373 20,377
Accrued compensation and amounts withheld from employees 12,717 9,306
Accrued expenses and other liabilities 13,931 13,334
Accrued profit-sharing and other benefits 5,643 5,648
Dividends payable 1,040 1,057
Income taxes payable 1,221 1,423
TOTAL CURRENT LIABILITIES 62,818 51,668
Long-term debt, less current portion 44,227 31,754
Unfunded pension obligation 10,518 11,627
Income taxes payable 0 195
Deferred income taxes 2,516 2,467
Other noncurrent liabilities 6,073 6,675
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,125,849 and 5,221,062 issued and outstanding, at September 30, 2016 and December 31, 2015, respectively 12,498 12,478
Common shares issued to rabbi trust, 297,281 and 296,635 shares at September 30, 2016 and December 31, 2015, respectively (12,054) (12,052)
Deferred compensation liability 12,054 12,052
Paid-in capital 24,200 22,916
Retained earnings 299,351 292,311
Treasury shares, at cost, 1,122,290 and 1,018,013 shares at September 30, 2016 and December 31, 2015, respectively (58,974) (54,570)
Accumulated other comprehensive loss (50,609) (54,151)
TOTAL SHAREHOLDERS' EQUITY 226,466 218,984
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 352,618 $ 323,370