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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 31,034 $ 30,737
Accounts receivable, less allowances of $3,276 ($3,210 in 2016) 70,513 63,415
Inventories - net 77,440 74,484
Prepaids 4,248 3,353
Prepaid taxes 6,389 8,682
Other current assets 6,385 8,436
TOTAL CURRENT ASSETS 196,009 189,107
Property, plant and equipment - net 106,812 105,104
Intangibles - net 10,504 10,475
Goodwill 16,145 15,769
Deferred income taxes 10,469 10,208
Other assets 10,601 10,274
TOTAL ASSETS 350,540 340,937
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Trade accounts payable 23,893 21,978
Notes payable to banks 664 1,315
Current portion of long-term debt 1,448 1,448
Accrued compensation and amounts withheld from employees 10,465 10,040
Accrued expenses and other liabilities 14,690 12,331
Accrued profit-sharing and other benefits 2,703 6,251
Dividends payable 1,055 1,037
Income taxes payable 972 1,055
TOTAL CURRENT LIABILITIES 55,890 55,455
Long-term debt, less current portion 45,319 42,943
Unfunded pension obligation 10,368 10,423
Deferred income taxes 2,126 2,078
Other noncurrent liabilities 6,704 6,495
Shareholders’ equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,118,088 and 5,117,753 issued and outstanding, at March 31, 2017 and December 31, 2016, respectively 12,513 12,508
Common shares issued to rabbi trust, 297,408 and 297,281 shares at March 31, 2017 and December 31, 2016, respectively (12,069) (12,054)
Deferred compensation liability 12,069 12,054
Paid-in capital 25,315 24,629
Retained earnings 303,877 303,415
Treasury shares, at cost, 1,138,277 and 1,136,443 shares at March 31, 2017 and December 31, 2016, respectively (59,747) (59,640)
Accumulated other comprehensive loss (51,825) (57,369)
TOTAL SHAREHOLDERS’ EQUITY 230,133 223,543
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 350,540 $ 340,937