Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash	$ 12,125	$ 11,164
Receivables	65,303	58,210
Inventories:
Finished goods	25,199	23,125
Work in process	19,643	22,035
Raw materials	40,814	40,012
Total inventories	85,656	85,172
Prepaid expenses and other current assets	5,070	4,077
Total current assets	168,154	158,623
Property, plant and equipment, at cost	215,513	212,485
Less accumulated depreciation	(122,838)	(118,884)
Net property, plant and equipment	92,675	93,601
Intangible assets, at cost less accumulated amortization	59,113	59,326
Other assets	9,240	9,897
Deferred income taxes	816	2,856
Goodwill	71,109	67,424
Total assets	401,107	391,727
Current liabilities:
Short-term debt	42,430	44,550
Payables and other current liabilities	28,092	28,601
Accrued compensation and employee benefits	9,632	15,509
Warranty and after-sale costs	4,110	3,367
Income and other taxes	1,363	1,082
Total current liabilities	85,627	93,109
Other long-term liabilities	13,657	4,073
Deferred income taxes	1,294	3,434
Accrued non-pension postretirement benefits	5,718	5,703
Other accrued employee benefits	6,341	7,956
Commitments and contingencies (Note 6)
Shareholders’ equity:
Common stock	37,177	37,165
Capital in excess of par value	33,681	32,182
Reinvested earnings	250,242	244,224
Accumulated other comprehensive loss	(5,508)	(10,893)
Less: Employee benefit stock	(461)	(460)
Treasury stock, at cost	(26,661)	(24,766)
Total shareholders’ equity	288,470	277,452
Total liabilities and shareholders’ equity	$ 401,107	$ 391,727