Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 162,910	$ 138,052
Receivables	89,063	76,651
Inventories:
Finished goods	34,910	31,350
Work in process	35,940	23,577
Raw materials	76,938	64,929
Total inventories	147,788	119,856
Prepaid expenses and other current assets	23,191	13,273
Total current assets	422,952	347,832
Property, plant and equipment, at cost	227,998	220,945
Less accumulated depreciation	(153,559)	(147,403)
Net property, plant and equipment	74,439	73,542
Intangible assets, at cost less accumulated amortization	54,634	53,607
Other assets	12,225	14,048
Deferred income taxes	12,809	12,757
Goodwill	112,698	101,261
Total assets	689,757	603,047
Current liabilities:
Payables	84,997	71,440
Accrued compensation and employee benefits	25,502	20,513
Warranty and after-sale costs	10,820	9,606
Other current liabilities	7,463	8,753
Total current liabilities	128,782	110,312
Other long-term liabilities	53,131	37,808
Deferred income taxes	6,441	4,648
Accrued non-pension postretirement benefits	3,647	3,917
Other accrued employee benefits	5,050	3,940
Commitments and contingencies (Note 5)
Shareholders’ equity:
Common stockCommon stock: $1 par; authorized 80,000,000 and 40,000,000 shares in 2023 and 2022, respectively; issued 37,221,098 shares in 2023 and 2022	37,221	37,221
Capital in excess of par value	57,962	53,282
Reinvested earnings	441,922	395,155
Accumulated other comprehensive (loss) income	(7,399)	5,983
Less: Treasury stock, at cost, 7,874,224 shares in 2023 and 7,928,071 shares in 2022	(37,000)	(37,253)
Total shareholders’ equity	492,706	442,422
Total liabilities and shareholders’ equity	$ 689,757	$ 603,047