Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 13,850	$ 7,338
Receivables	64,426	59,818
Inventories:
Finished goods	17,446	18,087
Work in process	17,407	17,157
Raw materials	39,035	42,457
Total inventories	73,888	77,701
Prepaid expenses and other current assets	4,335	6,155
Total current assets	156,499	151,012
Property, plant and equipment, at cost	207,761	200,978
Less accumulated depreciation	(116,303)	(110,784)
Net property, plant and equipment	91,458	90,194
Intangible assets, at cost less accumulated amortization	60,027	51,872
Other assets	9,606	6,607
Deferred income taxes	0	700
Goodwill	61,156	49,314
Total assets	378,746	349,699
Current liabilities:
Short-term debt	45,560	37,950
Payables	23,891	18,350
Accrued compensation and employee benefits	11,116	13,861
Warranty and after-sale costs	3,064	2,779
Income and other taxes	6,641	2,898
Total current liabilities	90,272	75,838
Other long-term liabilities	5,813	4,019
Deferred income taxes	1,638	1,901
Accrued non-pension postretirement benefits	5,864	5,753
Other accrued employee benefits	5,753	5,979
Commitments and contingencies (Note 6)
Shareholders’ equity:
Common stock	37,158	37,122
Capital in excess of par value	30,148	28,022
Reinvested earnings	236,563	223,876
Accumulated other comprehensive loss	(10,141)	(11,635)
Less: Employee benefit stock	(614)	(614)
Treasury stock, at cost	(23,708)	(20,562)
Total shareholders’ equity	269,406	256,209
Total liabilities and shareholders’ equity	$ 378,746	$ 349,699