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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 128,361 $ 138,052
Receivables 84,246 76,651
Inventories:    
Finished goods 28,427 31,350
Work in process 27,920 23,577
Raw materials 75,997 64,929
Total inventories 132,344 119,856
Prepaid expenses and other current assets 15,892 13,273
Total current assets 360,843 347,832
Property, plant and equipment, at cost 224,916 220,945
Less accumulated depreciation (150,391) (147,403)
Net property, plant and equipment 74,525 73,542
Intangible assets, at cost less accumulated amortization 59,511 53,607
Other assets 11,927 14,048
Deferred income taxes 12,829 12,757
Goodwill 113,768 101,261
Total assets 633,403 603,047
Current liabilities:    
Payables 79,549 71,440
Accrued compensation and employee benefits 11,984 20,513
Warranty and after-sale costs 9,569 9,606
Other current liabilities 14,684 8,753
Total current liabilities 115,786 110,312
Other long-term liabilities 44,687 37,808
Deferred income taxes 6,744 4,648
Accrued non-pension postretirement benefits 3,859 3,917
Other accrued employee benefits 4,290 3,940
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock 37,221 37,221
Capital in excess of par value 54,245 53,282
Reinvested earnings 407,979 395,155
Accumulated other comprehensive loss (4,258) (5,983)
Less: Treasury stock, at cost (37,150) (37,253)
Total shareholders’ equity 458,037 442,422
Total liabilities and shareholders’ equity $ 633,403 $ 603,047