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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock at $1 par value
[1]
Capital in excess of par value
Reinvested earnings
Accumulated other comprehensive income (loss)
Treasury stock (at cost)
Balance at beginning of period at Dec. 31, 2020 $ 361,259 $ 37,221 $ 44,964 $ 314,850 $ 1,313 $ (37,089)
Net earnings 60,884     60,884    
Pension and postretirement benefits (net of tax effect) 339       339  
Foreign currency translation (1,516)       (1,516)  
Cash dividends (22,199)     (22,199)    
Stock options exercised 2,036   1,622     414
Stock-based compensation 2,330   2,330      
Purchase of common stock for treasury stock (460)         (460)
Issuance of treasury stock 397   308     89
Balance at end of period at Dec. 31, 2021 403,070 37,221 49,224 353,535 136 (37,046)
Net earnings 66,496     66,496    
Pension and postretirement benefits (net of tax effect) 600       600  
Foreign currency translation (6,719)       (6,719)  
Cash dividends (24,876)     (24,876)    
Stock options exercised 703   581     122
Stock-based compensation 3,148   3,148      
Purchase of common stock for treasury stock (427)         (427)
Issuance of treasury stock 427   329     98
Balance at end of period at Dec. 31, 2022 442,422 37,221 53,282 395,155 (5,983) (37,253)
Net earnings 92,598     92,598    
Pension and postretirement benefits (net of tax effect) (74)       (74)  
Foreign currency translation 4,411       4,411  
Cash dividends (29,034)     (29,034)    
Stock options exercised 967   824     143
Stock-based compensation 5,188   5,188      
Issuance of treasury stock 4   (109)     113
Balance at end of period at Dec. 31, 2023 $ 516,482 $ 37,221 $ 59,185 $ 458,719 $ (1,646) $ (36,997)
[1] Each common share of stock equals $1 par value; therefore, the number of common shares is the same as the dollar value.