XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 44,358 $ 30,737
Accounts receivable, less allowances of $3,325 ($3,210 in 2016) 73,972 63,415
Inventories - net 77,886 74,484
Prepaids 3,434 3,353
Prepaid taxes 5,266 8,682
Other current assets 2,214 8,436
TOTAL CURRENT ASSETS 207,130 189,107
Property, plant and equipment - net 108,598 105,104
Intangibles - net 10,020 10,475
Goodwill 16,544 15,769
Deferred income taxes 7,774 10,208
Other assets 9,719 10,274
TOTAL ASSETS 359,785 340,937
LIABILITIES AND SHAREHOLDERS' EQUITY    
Trade accounts payable 25,141 21,978
Notes payable to banks 864 1,315
Current portion of long-term debt 1,448 1,448
Accrued compensation and amounts withheld from employees 11,461 10,040
Accrued expenses and other liabilities 14,686 12,331
Accrued profit-sharing and other benefits 6,284 6,251
Dividends payable 1,046 1,037
Income taxes payable 1,903 1,055
TOTAL CURRENT LIABILITIES 62,833 55,455
Long-term debt, less current portion 34,598 42,943
Unfunded pension obligation 10,664 10,423
Deferred income taxes 2,090 2,078
Other noncurrent liabilities 11,063 6,495
Shareholders' equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,038,207 and 5,117,753 issued and outstanding, at December 31, 2017 and December 31, 2016, respectively 12,593 12,508
Common shares issued to rabbi trust, 289,026 and 297,281 shares at December 31, 2017 and December 31, 2016, respectively (11,834) (12,054)
Deferred compensation liability 11,834 12,054
Paid-in capital 29,734 24,629
Retained earnings 311,765 303,415
Treasury shares, at cost, 1,258,069 and 1,136,443 shares at December 31, 2017 and December 31, 2016, respectively (68,115) (59,640)
Accumulated other comprehensive loss (47,440) (57,369)
TOTAL SHAREHOLDERS' EQUITY 238,537 223,543
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 359,785 $ 340,937