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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 43,457 $ 43,609
Accounts receivable, less allowances of $3,536 ($3,178 in 2018) 73,604 73,139
Inventories - net 87,557 85,259
Prepaids 7,664 6,205
Prepaid taxes 4,597 3,169
Other current assets 4,069 2,882
TOTAL CURRENT ASSETS 220,948 214,263
Property, plant and equipment - net 103,186 102,955
Operating lease, right-of-use assets 10,067 0
Intangibles - net 8,318 8,458
Goodwill 25,465 15,621
Deferred income taxes 6,737 6,900
Other assets 12,407 10,600
TOTAL ASSETS 387,128 358,797
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Trade accounts payable 25,743 26,414
Notes payable to banks 7,778 9,042
Operating lease liabilities, current 2,005 0
Current portion of long-term debt 1,494 1,448
Accrued compensation and amounts withheld from employees 11,528 11,153
Accrued expenses and other liabilities 17,414 12,582
Accrued profit-sharing and other benefits 2,903 6,982
Dividends payable 1,055 1,051
Income taxes payable 1,018 815
TOTAL CURRENT LIABILITIES 70,938 69,487
Long-term debt, less current portion 41,769 24,960
Unfunded pension obligation 5,172 5,259
Operating lease liabilities, non-current 8,379 0
Deferred income taxes 1,731 1,711
Other noncurrent liabilities 8,936 8,010
Shareholders’ equity:    
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,059,380 and 5,020,410 issued and outstanding, at March 31, 2019 and December 31, 2018, respectively 12,821 12,662
Common shares issued to rabbi trust, 270,335 and 269,630 shares at March 31, 2019 and December 31, 2018, respectively (11,038) (11,008)
Deferred compensation liability 11,038 11,008
Paid-in capital 35,146 34,401
Retained earnings 334,947 334,170
Treasury shares, at cost, 1,351,278 and 1,310,387 shares at March 31, 2019 and December 31, 2018, respectively (74,574) (72,280)
Accumulated other comprehensive loss (58,137) (59,583)
TOTAL SHAREHOLDERS’ EQUITY 250,203 249,370
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 387,128 $ 358,797