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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 28,143 $ 30,393
Accounts receivable, less allowances of $2,485 ($2,326 in 2015) 65,060 63,626
Inventories - net 72,139 69,912
Prepaids 4,686 4,030
Prepaid taxes 6,394 5,585
Other current assets 6,209 6,343
TOTAL CURRENT ASSETS 182,631 179,889
Property, plant and equipment - net 107,235 91,965
Patents and other intangibles - net 11,400 11,288
Goodwill 16,282 15,821
Deferred income taxes 13,642 12,704
Other assets 11,055 11,703
TOTAL ASSETS 342,245 323,370
LIABILITIES AND SHAREHOLDERS' EQUITY    
Notes payable to banks 826 413
Current portion of long-term debt 1,564 110
Trade accounts payable 20,677 20,377
Accrued compensation and amounts withheld from employees 11,338 9,306
Accrued expenses and other liabilities 13,990 13,334
Accrued profit -sharing and other benefits 4,028 5,648
Dividends payable 1,059 1,057
Income taxes payable 907 1,423
TOTAL CURRENT LIABILITIES 54,389 51,668
Long-term debt, less current portion 44,593 31,754
Unfunded pension obligation 11,567 11,627
Income taxes payable 200 195
Deferred income taxes 2,529 2,467
Other noncurrent liabilities 5,950 6,675
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,170,214 and 5,221,062 issued and outstanding, at June 30, 2016 and December 31, 2015, respectively 12,484 12,478
Common shares issued to rabbi trust, 296,817 and 296,635 shares at June 30, 2016 and December 31, 2015, respectively (12,034) (12,052)
Deferred compensation liability 12,034 12,052
Paid-in capital 23,536 22,916
Retained earnings 295,618 292,311
Treasury shares, at cost, 1,071,589 and 1,018,013 shares at June 30, 2016 and December 31, 2015, respectively (56,635) (54,570)
Accumulated other comprehensive loss (51,986) (54,151)
TOTAL SHAREHOLDERS' EQUITY 223,017 218,984
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 342,245 $ 323,370