Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 138,052	$ 87,174
Receivables	76,651	65,866
Inventories:
Finished goods	31,350	25,991
Work in process	23,577	24,747
Raw materials	64,929	48,873
Total inventories	119,856	99,611
Prepaid expenses and other current assets	13,273	8,709
Total current assets	347,832	261,360
Property, plant and equipment, at cost:
Land and improvements	8,947	9,183
Building and improvements	70,845	71,103
Machinery and equipment	141,153	136,510
Property, plant and equipment, at cost	220,945	216,796
Less accumulated depreciation	(147,403)	(138,746)
Net property, plant and equipment	73,542	78,050
Intangible assets, at cost less accumulated amortization	53,607	64,176
Other assets	14,048	15,390
Deferred income taxes	12,757	7,529
Goodwill	101,261	104,313
Total assets	603,047	530,818
Current liabilities:
Payables	71,440	41,859
Accrued compensation and employee benefits	20,513	20,644
Warranty and after-sale costs	9,606	12,868
Other current liabilities	8,753	6,775
Total current liabilities	110,312	82,146
Other long-term liabilities	37,808	29,804
Deferred income taxes	4,648	5,385
Accrued non-pension postretirement benefits	3,917	5,214
Other accrued employee benefits	3,940	5,199
Commitments and contingencies (Note 6)
Shareholders’ equity:
Common stock, $1 par, authorized 40,000,000 shares, issued 37,221,098 shares in 2022 and 2021	37,221	37,221
Capital in excess of par value	53,282	49,224
Reinvested earnings	395,155	353,535
Accumulated other comprehensive (loss) income	(5,983)	136
Less: Treasury stock, at cost, 7,928,071 shares in 2022 and 7,971,367 shares in 2021	(37,253)	(37,046)
Total shareholders’ equity	442,422	403,070
Total liabilities and shareholders’ equity	$ 603,047	$ 530,818