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Statements of Consolidated Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 420,878 $ 378,212 $ 336,634
Cost of products sold 288,647 259,584 227,220
GROSS PROFIT 132,231 118,628 109,414
Costs and expenses      
Selling 36,358 34,048 31,799
General and administrative 45,398 43,160 42,057
Research and engineering 15,107 14,327 14,025
Other operating expenses - net 2,434 985 54
Total costs and expenses 99,297 92,520 87,935
OPERATING INCOME 32,934 26,108 21,479
Other income (expense)      
Interest income 486 430 291
Interest expense (1,290) (1,061) (844)
Other income (expense) 458 329 27
Total other income (expense) (346) (302) (526)
INCOME BEFORE INCOME TAXES 32,588 25,806 20,953
Income taxes 6,007 13,152 5,698
NET INCOME $ 26,581 $ 12,654 $ 15,255
BASIC EARNINGS PER SHARE      
Net income $ 5.28 $ 2.48 $ 2.95
DILUTED EARNINGS PER SHARE      
Net income 5.21 2.47 2.95
Cash dividends declared per share $ 0.80 $ 0.80 $ 0.80
Weighted-average number of shares outstanding - basic 5,032 5,102 5,166
Weighted-average number of shares outstanding - diluted 5,107 5,133 5,178