Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 30,730	$ 29,643
Accounts receivable, less allowances of $2,499 ($2,370 in 2014)	63,270	67,942
Inventories - net	78,133	80,037
Deferred income taxes	8,334	7,249
Prepaids	6,480	6,926
Prepaid taxes	5,629	2,241
Other current assets	7,899	6,625
TOTAL CURRENT ASSETS	200,475	200,663
Property, plant and equipment - net	97,543	102,531
Patents and other intangibles - net	12,484	14,121
Goodwill	16,575	17,792
Deferred income taxes	7,220	5,773
Other assets	10,747	13,087
TOTAL ASSETS	345,044	353,967
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	2,431	1,809
Current portion of long-term debt	112	116
Trade accounts payable	23,582	22,332
Accrued compensation and amounts withheld from employees	10,924	9,876
Accrued expenses and other liabilities	12,555	13,021
Accrued profit-sharing and other benefits	3,886	5,151
Dividends payable	1,109	1,220
Income taxes payable and deferred income taxes	737	1,802
TOTAL CURRENT LIABILITIES	55,336	55,327
Long-term debt, less current portion	30,743	31,749
Unfunded pension obligation	12,343	12,503
Income taxes payable	191	1,735
Deferred income taxes	4,564	3,283
Other noncurrent liabilities	6,434	6,445
Shareholders' equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,391,671 and 5,397,138 issued and outstanding, net of 827,211 and 819,424 treasury shares at par, respectively, at June 30, 2015 and December 31, 2014	10,781	10,794
Common shares issued to rabbi trust, 290,470 and 292,609 shares at June 30, 2015 and December 31, 2014	(11,637)	(11,790)
Deferred compensation liability	11,637	11,790
Paid-in capital	23,311	22,795
Retained earnings	245,346	244,470
Accumulated other comprehensive loss	(44,005)	(35,134)
TOTAL SHAREHOLDERS' EQUITY	235,433	242,925
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 345,044	$ 353,967

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Also represents the current portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A current taxable temporary difference is a difference between the tax basis and the carrying amount of a current asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carry forwards, is classified according to the expected reversal date of the temporary difference.

No definition available.