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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table summarizes compensation paid to the Company’s principal executive officer (“PEO”) as set forth in the Summary Compensation Table, compensation actually paid to the PEO, average compensation paid to the Company’s
Non-PEO
named executive officers (“NEOs”) as set forth in the Summary Compensation Table, and average compensation actually paid to the Company’s
Non-PEO
NEOs, each as calculated in accordance with SEC rules, and certain Company and peer group performance measures for the periods indicated:
 
                              
Value of Initial Fixed $100
Investment Based on (3):
 
            
000’s
 
  
Year
 
   
Summary
Compensation
Table Total
for PEO
($) (1)
 
   
Compensation
Actually Paid
to PEO
($) (2)
 
     
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs ($) (1)
 
     
Average
Compensation
Actually Paid
to Non-PEO
NEOs
($) (2)
 
     
Total
Shareholder
Return ($)
 
     
Peer Group
Total
Shareholder
Return ($)
 
            
Net
Income
($) (4)
 
     
Operating
Income
($) (4)
 
  
2023
    1,707,848      2,109,366        894,343        1,029,150        102.92        152.18           34,951        87,041  
2022
    1,712,818      1,231,468        781,145        450,930        72.41        120.71           11,195        40,183  
2021
    1,078,110      920,864        835,208        823,730        123.11        141.86           29,851        39,356  
2020
    1,170,814      655,926        612,641        437,188        88.13        115.38     
 
 
 
      25,188        35,753  
 
(1)
For 2020 and 2021, the PEO was Jeffrey S. Gorman. Scott A. King was promoted to Chief Executive Officer on January 1, 2022 and was the PEO for 2022 and 2023. For 2020 and 2021,
Non-PEO
NEOs include Scott A. King, James C. Kerr and Brigette A. Burnell. For 2022 and 2023,
Non-PEO
NEOs include Jeffrey S. Gorman, James C. Kerr and Brigette A. Burnell.
(2)
The “Reconciliation of Actual Compensation Paid” table below details the additions to and deductions from the Summary Compensation Table totals to calculate the Compensation Actually Paid amounts.
(3)
Represents cumulative shareholder total returns (assuming reinvestment of dividends) on $100 invested on December 31, 2019 through December 31, 2023 in the Company’s common shares and the Peer Group, S&P Industrial Machinery index.
(4)
2022 and 2023 results include the acquisition of Fill-Rite, a division of Tuthill, which was acquired on May 31, 2022. As further described in the Company’s Form
10-K,
Fill-Rite’s results are included in the Company’s results beginning June 1, 2022. Certain
one-time
acquisition costs, as well as amortization of the set up in value of acquired inventories and backlog, are also included in the 2022 results.
Reconciliation of Actual Compensation Paid
The following table reconciles the PEO Summary Compensation Table total and the
Non-PEO
NEOs average Summary Compensation Table total to PEO Compensation Actually Paid and NEOs average Compensation Actually Paid for the periods indicated:
 
         
Increase (Decrease) in Value of
 
                    
   
Total
Compensation
Paid from
Summary
Compensation
Table ($)
 
    
Current Year
Grants ($)
 
    
Prior Year
Grants ($)
 
    
Grants
Vesting in
Current Year
($)
 
    
Grants from
Prior Years
Forfeited in
Current Year ($)
 
    
Change in
Pension Value,
net of Service
Cost ($)
 
    
Compensation
Actually Paid ($)
 
  
PEO
              
2023
     1,707,848       120,887       276,954       44,399       -       (40,722 )      2,109,366  
2022
     1,712,818       (242,563 )      (126,506 )      -       (148,648 )      36,367       1,231,468  
2021
     1,078,110       82,833       72,757       766       (188,535 )      (157,246 )      920,864  
2020
     1,170,814       (4,878 )      (32,264 )      (14,313 )      (199,313 )      (257,121 )      655,926  
 
         
Increase (Decrease) in Value of
 
                    
   
Total
Compensation
Paid from
Summary
Compensation
Table ($)
 
    
Current Year
Grants ($)
 
    
Prior Year
Grants ($)
 
    
Grants
Vesting in
Current Year
($)
 
    
Grants from
Prior Years
Forfeited in
Current Year ($)
 
    
Change in
Pension Value,
net of Service
Cost ($)
 
    
Compensation
Actually Paid ($)
 
  
NEO Average
              
2023
     894,343       42,301       102,519       31,857       -       (41,870 )      1,029,150  
2022
     781,145       (59,617 )      (121,939 )      -       (148,659 )      -       450,930  
2021
     835,208       63,501       48,497       447       (125,679 )      1,757       823,730  
2020
     612,641       (3,274 )      (25,346 )      (6,368 )      (116,275 )      (24,191 )      437,188  
 
    
12/31/23
 
     
12/31/22
 
     
12/31/21
 
     
12/31/20
 
  
Closing Share Price
    $ 35.53      $ 25.62      $ 44.55      $ 32.45  
     
Company Selected Measure Name Operating income      
Named Executive Officers, Footnote For 2020 and 2021,
Non-PEO
NEOs include Scott A. King, James C. Kerr and Brigette A. Burnell. For 2022 and 2023,
Non-PEO
NEOs include Jeffrey S. Gorman, James C. Kerr and Brigette A. Burnell. 		     
Peer Group Issuers, Footnote Represents cumulative shareholder total returns (assuming reinvestment of dividends) on $100 invested on December 31, 2019 through December 31, 2023 in the Company’s common shares and the Peer Group, S&P Industrial Machinery index.      
PEO Total Compensation Amount $ 1,707,848 $ 1,712,818 $ 1,078,110 $ 1,170,814
PEO Actually Paid Compensation Amount $ 2,109,366 1,231,468 920,864 655,926
Adjustment To PEO Compensation, Footnote
Reconciliation of Actual Compensation Paid
The following table reconciles the PEO Summary Compensation Table total and the
Non-PEO
NEOs average Summary Compensation Table total to PEO Compensation Actually Paid and NEOs average Compensation Actually Paid for the periods indicated:
         
Increase (Decrease) in Value of
 
                    
   
Total
Compensation
Paid from
Summary
Compensation
Table ($)
 
    
Current Year
Grants ($)
 
    
Prior Year
Grants ($)
 
    
Grants
Vesting in
Current Year
($)
 
    
Grants from
Prior Years
Forfeited in
Current Year ($)
 
    
Change in
Pension Value,
net of Service
Cost ($)
 
    
Compensation
Actually Paid ($)
 
  
PEO
              
2023
     1,707,848       120,887       276,954       44,399       -       (40,722 )      2,109,366  
2022
     1,712,818       (242,563 )      (126,506 )      -       (148,648 )      36,367       1,231,468  
2021
     1,078,110       82,833       72,757       766       (188,535 )      (157,246 )      920,864  
2020
     1,170,814       (4,878 )      (32,264 )      (14,313 )      (199,313 )      (257,121 )      655,926  
     
Non-PEO NEO Average Total Compensation Amount $ 894,343 781,145 835,208 612,641
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,029,150 450,930 823,730 437,188
Adjustment to Non-PEO NEO Compensation Footnote
Reconciliation of Actual Compensation Paid
The following table reconciles the PEO Summary Compensation Table total and the
Non-PEO
NEOs average Summary Compensation Table total to PEO Compensation Actually Paid and NEOs average Compensation Actually Paid for the periods indicated:
         
Increase (Decrease) in Value of
 
                    
   
Total
Compensation
Paid from
Summary
Compensation
Table ($)
 
    
Current Year
Grants ($)
 
    
Prior Year
Grants ($)
 
    
Grants
Vesting in
Current Year
($)
 
    
Grants from
Prior Years
Forfeited in
Current Year ($)
 
    
Change in
Pension Value,
net of Service
Cost ($)
 
    
Compensation
Actually Paid ($)
 
  
NEO Average
              
2023
     894,343       42,301       102,519       31,857       -       (41,870 )      1,029,150  
2022
     781,145       (59,617 )      (121,939 )      -       (148,659 )      -       450,930  
2021
     835,208       63,501       48,497       447       (125,679 )      1,757       823,730  
2020
     612,641       (3,274 )      (25,346 )      (6,368 )      (116,275 )      (24,191 )      437,188  
     
Compensation Actually Paid vs. Total Shareholder Return
 
LOGO
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
     
Total Shareholder Return Vs Peer Group
 
LOGO
     
Tabular List, Table
The three items listed below are, in the Company’s assessment, the most important financial performance measures used by the Company to link Compensation Actually Paid for 2023 to Company performance:
 
1.
Operating income
 
2.
Adjusted operating income
 
3.
Adjusted shareholders’ equity
     
Total Shareholder Return Amount $ 102.92 72.41 123.11 88.13
Peer Group Total Shareholder Return Amount 152.18 120.71 141.86 115.38
Net Income (Loss) $ 34,951,000 $ 11,195,000 $ 29,851,000 $ 25,188,000
Company Selected Measure Amount 87,041,000 40,183,000 39,356,000 35,753,000
PEO Name Scott A. King Scott A. King Jeffrey S. Gorman Jeffrey S. Gorman
Closing Share Price $ 35.53 $ 25.62 $ 44.55 $ 32.45
Measure:: 1        
Pay vs Performance Disclosure        
Name Operating income      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted operating income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted shareholders’ equity      
PEO | Current Year Grants [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 120,887 (242,563) 82,833 (4,878)
PEO | Prior Year Grants [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 276,954 (126,506) 72,757 (32,264)
PEO | Grants Vesting in Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 44,399 0 766 (14,313)
PEO | Grants from Prior Years Forfeited in Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 (148,648) (188,535) (199,313)
PEO | Change in Pension Value, net of Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (40,722) 36,367 (157,246) (257,121)
Non-PEO NEO | Current Year Grants [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 42,301 (59,617) 63,501 (3,274)
Non-PEO NEO | Prior Year Grants [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 102,519 (121,939) 48,497 (25,346)
Non-PEO NEO | Grants Vesting in Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 31,857 0 447 (6,368)
Non-PEO NEO | Grants from Prior Years Forfeited in Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 (148,659) (125,679) (116,275)
Non-PEO NEO | Change in Pension Value, net of Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (41,870) $ 0 $ 1,757 $ (24,191)