Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 30,393	$ 29,643
Accounts receivable, less allowances of $2,326 ($2,370 in 2014)	63,626	67,942
Inventories - net	69,912	80,037
Deferred income taxes	8,608	7,249
Prepaids	4,030	6,926
Prepaid taxes	5,585	2,241
Other current assets	6,343	6,625
TOTAL CURRENT ASSETS	188,497	200,663
Property, plant and equipment - net	91,965	102,531
Patents and other intangibles - net	11,288	14,121
Goodwill	15,821	17,792
Deferred income taxes	5,299	5,773
Other assets	11,703	13,087
TOTAL ASSETS	324,573	353,967
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable to banks	413	1,809
Current portion of long-term debt	110	116
Trade accounts payable	20,377	22,332
Accrued compensation and amounts withheld from employees	9,306	9,876
Accrued expenses and other liabilities	13,334	13,021
Accrued profit-sharing and other benefits	5,648	5,151
Dividends payable	1,057	1,220
Income taxes payable and deferred income taxes	1,646	1,802
TOTAL CURRENT LIABILITIES	51,891	55,327
Long-term debt, less current portion	31,754	31,749
Unfunded pension obligation	11,627	12,503
Income taxes payable	195	1,735
Deferred income taxes	3,447	3,283
Other noncurrent liabilities	6,675	6,445
Shareholders' equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,221,062 and 5,397,138 issued and outstanding, at December 31, 2015 and December 31, 2014	12,478	12,433
Common shares issued to rabbi trust, 296,635 and 292,609 shares at December 31, 2015 and December 31, 2014, respectively	(12,052)	(11,790)
Deferred compensation liability	12,052	11,790
Paid-in capital	22,916	22,795
Retained earnings	292,311	289,849
Treasury shares, at cost, 1,018,013 and 819,424 shares at December 31, 2015 and December 31, 2014	(54,570)	(47,018)
Accumulated other comprehensive loss	(54,151)	(35,134)
TOTAL SHAREHOLDERS' EQUITY	218,984	242,925
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 324,573	$ 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.