Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash	$ 8,163	$ 6,656
Receivables	56,643	53,967
Inventories:
Finished goods	28,548	25,362
Work in process	13,184	13,047
Raw materials	36,864	33,365
Total inventories	78,596	71,774
Prepaid expenses and other current assets	5,926	4,538
Deferred income taxes	0	4,170
Total current assets	149,328	141,105
Property, plant and equipment, at cost:
Land and improvements	9,033	9,182
Buildings and improvements	59,839	57,872
Machinery and equipment	125,197	110,346
Property, plant and equipment, at cost:	194,069	177,400
Less accumulated depreciation	(103,149)	(95,594)
Net property, plant and equipment	90,920	81,806
Intangible assets, at cost less accumulated amortization	57,348	61,672
Prepaid pension	0	456
Other assets	8,485	8,397
Deferred income taxes	1,421	0
Goodwill	47,978	47,722
Total assets	355,480	341,158
Current liabilities:
Short-term debt	71,360	75,927
Payables	19,155	16,059
Accrued compensation and employee benefits	9,663	11,901
Warranty and after-sale costs	3,133	1,739
Income and other taxes	1,233	1,449
Total current liabilities	104,544	107,075
Other long-term liabilities	4,809	1,735
Deferred income taxes	774	6,399
Accrued non-pension postretirement benefits	5,709	6,342
Other accrued employee benefits	$ 7,369	$ 5,276
Commitments and contingencies (Note 6)
Shareholders’ equity:
Common Stock, $1 par; authorized 40,000,000 shares; issued 20,551,269 shares in 2015 and 20,522,864 shares in 2014	$ 20,551	$ 20,523
Capital in excess of par value	52,178	48,353
Reinvested earnings	204,044	189,365
Accumulated other comprehensive loss	(12,780)	(11,856)
Less: Employee benefit stock	(768)	(922)
Treasury stock, at cost; 6,026,447 shares in 2015 and 6,061,671 shares in 2014	(30,950)	(31,132)
Total shareholders’ equity	232,275	214,331
Total liabilities and shareholders’ equity	$ 355,480	$ 341,158