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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 31,363 $ 30,393
Accounts receivable, less allowances of $2,469 ($2,326 in 2015) 67,728 63,626
Inventories - net 70,302 69,912
Prepaids 5,047 4,030
Prepaid taxes 6,086 5,585
Other current assets 1,738 6,343
TOTAL CURRENT ASSETS 182,264 179,889
Property, plant and equipment - net 96,708 91,965
Patents and other intangibles - net 11,465 11,288
Goodwill 16,290 15,821
Deferred income taxes 12,746 12,704
Other assets 11,297 11,703
TOTAL ASSETS 330,770 323,370
LIABILITIES AND SHAREHOLDERS' EQUITY    
Notes payable to banks 825 413
Current portion of long-term debt 117 110
Trade accounts payable 21,455 20,377
Accrued compensation and amounts withheld from employees 9,481 9,306
Accrued expenses and other liabilities 13,373 13,334
Accrued profit-sharing and other benefits 3,019 5,648
Dividends payable 1,067 1,057
Income taxes payable 1,183 1,423
TOTAL CURRENT LIABILITIES 50,520 51,668
Long-term debt, less current portion 35,845 31,754
Unfunded pension obligation 11,597 11,627
Income taxes payable 197 195
Deferred income taxes 2,602 2,467
Other noncurrent liabilities 5,741 6,675
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,204,950 and 5,221,062 issued and outstanding, at March 31, 2016 and December 31, 2015 12,483 12,478
Common shares issued to rabbi trust, 296,326 and 296,635 shares at March 31, 2016 and December 31, 2015 (12,014) (12,052)
Deferred compensation liability 12,014 12,052
Paid-in capital 23,299 22,916
Retained earnings 293,923 292,311
Treasury shares, at cost, 1,036,362 and 1,018,013 shares at March 31, 2016 and December 31, 2015 (55,230) (54,570)
Accumulated other comprehensive loss (50,207) (54,151)
TOTAL SHAREHOLDERS' EQUITY 224,268 218,984
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 330,770 $ 323,370