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Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 108,915 $ 97,512 $ 207,054 $ 182,081
Cost of products sold 73,712 67,839 140,333 127,743
GROSS PROFIT 35,203 29,673 66,721 54,338
Costs and expenses        
Selling 9,471 8,626 18,332 16,910
General and administrative 11,288 10,772 22,203 21,101
Research and engineering 3,646 3,612 7,307 7,301
Other operating expense - net 1,465 369 1,800 474
Total costs and expenses 25,870 23,379 49,642 45,786
OPERATING INCOME 9,333 6,294 17,079 8,552
Other income (expense)        
Interest income 134 160 229 264
Interest expense (348) (277) (628) (577)
Other income - net 105 81 173 137
Total other income (expense) (109) (36) (226) (176)
INCOME BEFORE INCOME TAXES 9,224 6,258 16,853 8,376
Income taxes 2,489 2,102 4,590 2,702
NET INCOME $ 6,735 $ 4,156 $ 12,263 $ 5,674
BASIC EARNINGS PER SHARE        
Net income $ 1.34 $ 0.81 $ 2.43 $ 1.11
DILUTED EARNINGS PER SHARE        
Net income 1.33 0.81 2.42 1.11
Cash dividends declared per share $ 0.20 $ 0.20 $ 0.40 $ 0.40
Weighted-average number of shares outstanding - basic 5,044 5,116 5,045 5,117
Weighted-average number of shares outstanding - diluted 5,064 5,127 5,064 5,132