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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 45,488 $ 44,358
Accounts receivable, less allowances of $3,302 ($3,325 in 2017) 77,421 73,972
Inventories - net 83,342 77,886
Prepaids 5,274 3,434
Prepaid taxes 3,658 5,266
Other current assets 2,592 2,214
TOTAL CURRENT ASSETS 217,775 207,130
Property, plant and equipment - net 109,836 108,598
Intangibles - net 9,818 10,020
Goodwill 16,622 16,544
Deferred income taxes 7,908 7,774
Other assets 14,002 9,719
TOTAL ASSETS 375,961 359,785
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Trade accounts payable 27,653 25,141
Notes payable to banks 1,835 864
Current portion of long-term debt 1,448 1,448
Accrued compensation and amounts withheld from employees 11,653 11,461
Accrued expenses and other liabilities 13,329 14,686
Accrued profit-sharing and other benefits 2,718 6,284
Dividends payable 1,058 1,046
Income taxes payable 1,898 1,903
TOTAL CURRENT LIABILITIES 61,592 62,833
Long-term debt, less current portion 43,793 34,598
Unfunded pension obligation 10,583 10,664
Deferred income taxes 2,046 2,090
Other noncurrent liabilities 10,926 11,063
Shareholders’ equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,048,758 and 5,038,207 issued and outstanding, at March 31, 2018 and December 31, 2017, respectively 12,635 12,593
Common shares issued to rabbi trust, 289,138 and 289,026 shares at March 31, 2018 and December 31, 2017, respectively (11,849) (11,834)
Deferred compensation liability 11,849 11,834
Paid-in capital 30,576 29,734
Retained earnings 316,275 311,765
Treasury shares, at cost, 1,268,976 and 1,258,069 shares at March 31, 2018 and December 31, 2017, respectively (68,948) (68,115)
Accumulated other comprehensive loss (43,517) (47,440)
TOTAL SHAREHOLDERS’ EQUITY 247,021 238,537
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 375,961 $ 359,785