CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS:
Cash and cash equivalents	$ 9,799	$ 22,973
Marketable securities, at amortized cost	5,904	1,525
Accounts receivable, less allowances of $2,409 and $2,286, respectively	51,532	51,533
Inventories	86,713	72,684
Prepaid expenses and other current assets	6,047	5,380
Total current assets	159,995	154,095
Marketable securities, at amortized cost	15,814	18,702
Deferred income tax benefits	2,487	1,277
Property, plant and equipment, net	32,214	28,707
Operating lease right-of-use assets	18,753	0
Goodwill	11,112	11,112
Trademarks	32,868	32,868
Other assets	23,674	23,283
Total assets	296,917	270,044
LIABILITIES AND EQUITY:
Short-term borrowings	7,049	5,840
Accounts payable	12,455	12,764
Dividend payable	2,355	2,308
Operating lease liabilities	6,505	0
Accrued liabilities:
Accrued compensation and employee benefits	5,894	6,426
Sales and advertising allowances	3,567	3,543
Taxes other than income taxes	1,026	770
Other	2,935	3,567
Accrued income tax payable	90	912
Total current liabilities	41,876	36,130
Deferred income tax liabilities	3,085	3,724
Long-term pension liability	27,523	23,112
Operating lease liabilities	14,110	0
Other long-term liabilities	329	1,495
Total liabilities	86,923	64,461
Commitments and contingencies (Note 15)
Common stock, $1.00 par value, authorized 24,000,000 shares in 2019 and 2018, issued and outstanding 9,872,894 shares in 2019 and 10,056,929 shares in 2018	9,873	10,057
Capital in excess of par value	65,832	64,263
Reinvested earnings	158,825	152,835
Accumulated other comprehensive loss	(24,536)	(21,572)
Total equity	209,994	205,583
Total liabilities and equity	$ 296,917	$ 270,044