Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash	$ 13,086	$ 11,164
Receivables	66,300	58,210
Inventories:
Finished goods	23,476	23,125
Work in process	17,097	22,035
Raw materials	40,231	40,012
Total inventories	80,804	85,172
Prepaid expenses and other current assets	4,469	4,077
Total current assets	164,659	158,623
Property, plant and equipment, at cost:
Land and improvements	9,066	9,119
Buildings and improvements	67,932	67,604
Machinery and equipment	136,724	135,762
Property, plant and equipment, at cost	213,722	212,485
Less accumulated depreciation	(123,401)	(118,884)
Net property, plant and equipment	90,321	93,601
Intangible assets, at cost less accumulated amortization	55,418	59,326
Other assets	8,872	9,897
Deferred income taxes	2,163	2,856
Goodwill	71,258	67,424
Total assets	392,691	391,727
Current liabilities:
Short-term debt	18,060	44,550
Payables and other current liabilities	22,469	28,601
Accrued compensation and employee benefits	13,768	15,509
Warranty and after-sale costs	4,206	3,367
Income and other taxes	1,512	1,082
Total current liabilities	60,015	93,109
Other long-term liabilities	13,972	4,073
Deferred income taxes	3,332	3,434
Accrued non-pension postretirement benefits	5,184	5,703
Other accrued employee benefits	6,685	7,956
Commitments and contingencies (Note 6)
Shareholders’ equity:
Common Stock, $1 par; authorized 40,000,000 shares; issued 37,198,298 shares in 2018 and 37,164,698 shares in 2017	37,198	37,165
Capital in excess of par value	38,082	32,182
Reinvested earnings	257,313	244,224
Accumulated other comprehensive income (loss)	580	(10,893)
Less: Employee benefit stock	(306)	(460)
Treasury stock, at cost; 8,079,727 shares in 2018 and 8,046,166 shares in 2017	(29,364)	(24,766)
Total shareholders’ equity	303,503	277,452
Total liabilities and shareholders’ equity	$ 392,691	$ 391,727