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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 30,737 $ 30,393
Accounts receivable, less allowances of $3,210 ($2,326 in 2015) 63,415 63,626
Inventories - net 74,484 69,912
Prepaids 3,353 4,030
Prepaid taxes 8,682 5,585
Other current assets 8,436 6,343
TOTAL CURRENT ASSETS 189,107 179,889
Property, plant and equipment - net 105,104 91,965
Intangibles - net 10,475 11,288
Goodwill 15,769 15,821
Deferred income taxes 10,208 12,704
Other assets 10,274 11,703
TOTAL ASSETS 340,937 323,370
LIABILITIES AND SHAREHOLDERS' EQUITY    
Notes payable to banks 1,315 413
Current portion of long-term debt 1,448 110
Trade accounts payable 21,978 20,377
Accrued compensation and amounts withheld from employees 10,040 9,306
Accrued expenses and other liabilities 12,331 13,334
Accrued profit-sharing and other benefits 6,251 5,648
Dividends payable 1,037 1,057
Income taxes payable 1,055 1,423
TOTAL CURRENT LIABILITIES 55,455 51,668
Long-term debt, less current portion 42,943 31,754
Unfunded pension obligation 10,423 11,627
Deferred income taxes 2,078 2,467
Other noncurrent liabilities 6,495 6,870
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,117,753 and 5,221,062 issued and outstanding, at December 31, 2016 and December 31, 2015, respectively 12,508 12,478
Common shares issued to rabbi trust, 297,281 and 296,635 shares at December 31, 2016 and December 31, 2015, respectively (12,054) (12,052)
Deferred compensation liability 12,054 12,052
Paid-in capital 24,629 22,916
Retained earnings 303,415 292,311
Treasury shares, at cost, 1,136,443 and 1,018,013 shares at December 31, 2016 and December 31, 2015, respectively (59,640) (54,570)
Accumulated other comprehensive loss (57,369) (54,151)
TOTAL SHAREHOLDERS' EQUITY 223,543 218,984
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 340,937 $ 323,370