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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 39,163 $ 30,737
Accounts receivable, less allowances of $3,440 ($3,210 in 2016) 80,370 63,415
Inventories - net 75,675 74,484
Prepaids 4,814 3,353
Prepaid taxes 4,889 8,682
Other current assets 1,861 8,436
TOTAL CURRENT ASSETS 206,772 189,107
Property, plant and equipment - net 108,307 105,104
Intangibles - net 10,404 10,475
Goodwill 16,689 15,769
Deferred income taxes 10,321 10,208
Other assets 10,132 10,274
TOTAL ASSETS 362,625 340,937
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Trade accounts payable 24,725 21,978
Notes payable to banks 562 1,315
Current portion of long-term debt 1,448 1,448
Accrued compensation and amounts withheld from employees 13,849 10,040
Accrued expenses and other liabilities 17,199 12,331
Accrued profit-sharing and other benefits 5,578 6,251
Dividends payable 1,050 1,037
Income taxes payable 1,157 1,055
TOTAL CURRENT LIABILITIES 65,568 55,455
Long-term debt, less current portion 32,828 42,943
Unfunded pension obligation 10,058 10,423
Deferred income taxes 2,244 2,078
Other noncurrent liabilities 7,275 6,495
Shareholders’ equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,091,381 and 5,117,753 issued and outstanding, at September 30, 2017 and December 31, 2016, respectively 12,514 12,508
Common shares issued to rabbi trust, 298,160 and 297,281 shares at September 30, 2017 and December 31, 2016, respectively (12,109) (12,054)
Deferred compensation liability 12,109 12,054
Paid-in capital 26,983 24,629
Retained earnings 312,206 303,415
Treasury shares, at cost, 1,165,736 and 1,136,443 shares at September 30, 2017 and December 31, 2016, respectively (61,129) (59,640)
Accumulated other comprehensive loss (45,922) (57,369)
TOTAL SHAREHOLDERS’ EQUITY 244,652 223,543
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 362,625 $ 340,937