Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 26,870	$ 29,643
Accounts receivable, less allowances of $2,135 ($2,370 in 2014)	66,195	67,942
Inventories - net	73,071	80,037
Deferred income taxes	8,886	7,249
Prepaids	5,908	6,926
Prepaid taxes	4,671	2,241
Other current assets	7,904	6,625
TOTAL CURRENT ASSETS	193,505	200,663
Property, plant and equipment - net	92,209	102,531
Patents and other intangibles - net	11,323	14,121
Goodwill	15,551	17,792
Deferred income taxes	6,656	5,773
Other assets	12,477	13,087
TOTAL ASSETS	331,721	353,967
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	1,027	1,809
Current portion of long-term debt	104	116
Trade accounts payable	22,392	22,332
Accrued compensation and amounts withheld from employees	12,318	9,876
Accrued expenses and other liabilities	12,923	13,021
Accrued profit-sharing and other benefits	5,082	5,151
Dividends payable	1,073	1,220
Income taxes payable and deferred income taxes	839	1,802
TOTAL CURRENT LIABILITIES	55,758	55,327
Long-term debt, less current portion	31,659	31,749
Unfunded pension obligation	12,336	12,503
Income taxes payable	193	1,735
Deferred income taxes	4,324	3,283
Other noncurrent liabilities	6,865	6,445
Shareholders' equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,296,036 and 5,397,138 issued and outstanding, net of 922,425 and 819,424 treasury shares at par, respectively, at September 30, 2015 and December 31, 2014	10,592	10,794
Common shares issued to rabbi trust, 291,021 and 292,609 shares at September 30, 2015 and December 31, 2014	(11,657)	(11,790)
Deferred compensation liability	11,657	11,790
Paid-in capital	22,344	22,795
Retained earnings	241,557	244,470
Accumulated other comprehensive loss	(53,907)	(35,134)
TOTAL SHAREHOLDERS' EQUITY	220,586	242,925
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 331,721	$ 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.