Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 43,609	$ 44,358
Accounts receivable, less allowances of $3,178 ($3,325 in 2017)	73,139	73,972
Inventories - net	85,259	77,886
Prepaids	6,205	3,434
Prepaid taxes	3,169	5,266
Other current assets	2,882	2,214
TOTAL CURRENT ASSETS	214,263	207,130
Property, plant and equipment - net	102,955	108,598
Intangibles - net	8,458	10,020
Goodwill	15,621	16,544
Deferred income taxes	6,900	7,774
Other assets	10,600	9,719
TOTAL ASSETS	358,797	359,785
LIABILITIES AND SHAREHOLDERS' EQUITY
Trade accounts payable	26,414	25,141
Notes payable to banks	9,042	864
Current portion of long-term debt	1,448	1,448
Accrued compensation and amounts withheld from employees	11,153	11,461
Accrued expenses and other liabilities	12,582	14,686
Accrued profit-sharing and other benefits	6,982	6,284
Dividends payable	1,051	1,046
Income taxes payable	815	1,903
TOTAL CURRENT LIABILITIES	69,487	62,833
Long-term debt, less current portion	24,960	34,598
Unfunded pension obligation	5,259	10,664
Deferred income taxes	1,711	2,090
Other noncurrent liabilities	8,010	11,063
Shareholders' equity:
Common shares - $2 par value per share, 15,000,000 shares authorized, 5,020,410 and 5,038,207 issued and outstanding, at December 31, 2018 and December 31, 2017, respectively	12,662	12,593
Common shares issued to rabbi trust, 269,630 and 289,026 shares at December 31, 2018 and December 31, 2017, respectively	(11,008)	(11,834)
Deferred compensation liability	11,008	11,834
Paid-in capital	34,401	29,734
Retained earnings	334,170	311,765
Treasury shares, at cost, 1,310,387 and 1,258,069 shares at December 31, 2018 and December 31, 2017, respectively	(72,280)	(68,115)
Accumulated other comprehensive loss	(59,583)	(47,440)
TOTAL SHAREHOLDERS' EQUITY	249,370	238,537
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 358,797	$ 359,785