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Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 108,413 $ 99,239 $ 315,467 $ 281,320
Cost of products sold 74,922 65,704 215,255 193,446
GROSS PROFIT 33,491 33,535 100,212 87,874
Costs and expenses        
Selling 8,965 8,957 27,297 25,867
General and administrative 11,655 11,042 33,859 32,143
Research and engineering 3,706 3,520 11,013 10,821
Other operating expense - net 1,150 206 2,950 681
Total costs and expenses 25,476 23,725 75,119 69,512
OPERATING INCOME 8,015 9,810 25,093 18,362
Other income (expense)        
Interest income 111 62 340 325
Interest expense (364) (255) (992) (831)
Other income - net 94 122 267 259
Total other income (expense) (159) (71) (385) (247)
INCOME BEFORE INCOME TAXES 7,856 9,739 24,708 18,115
Income tax (benefit) expense (1,198) 3,461 3,390 6,163
NET INCOME $ 9,054 $ 6,278 $ 21,318 $ 11,952
BASIC EARNINGS PER SHARE        
Net income $ 1.80 $ 1.23 $ 4.23 $ 2.34
DILUTED EARNINGS PER SHARE        
Net income 1.76 1.23 4.19 2.33
Cash dividends declared per share $ 0.20 $ 0.20 $ 0.60 $ 0.60
Weighted-average number of shares outstanding - basic 5,025 5,104 5,038 5,113
Weighted-average number of shares outstanding - diluted 5,138 5,120 5,088 5,129