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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
Employee benefit stock
Accumulated other comprehensive income (loss)
Treasury stock
Balance at beginning of period at Dec. 31, 2015 $ 232,275 $ 41,103 $ 31,626 $ 204,044 $ (768) $ (12,780) $ (30,950)
Increase (Decrease) in Stockholders' Equity              
Net earnings 32,295     32,295      
Pension and postretirement benefits (net of tax effect) 1,473         1,473  
Foreign currency translation (328)         (328)  
Cash dividends (12,463)     (12,463)      
Stock options exercised 569 19 528       22
Tax benefit on stock options and dividends (110)   (110)        
ESSOP transactions 443   289   154    
Stock-based compensation 1,537   1,537        
Retirement of treasury stock 0 (4,000) (6,260)       10,260
Issuance of treasury stock 518   412       106
Balance at end of period at Dec. 31, 2016 256,209 37,122 28,022 223,876 (614) (11,635) (20,562)
Increase (Decrease) in Stockholders' Equity              
Net earnings 34,571     34,571      
Pension and postretirement benefits (net of tax effect) (1,102)         (1,102)  
Foreign currency translation 1,844         1,844  
Cash dividends (14,223)     (14,223)      
Stock options exercised 1,871 43 1,798       30
ESSOP transactions 359   205   154    
Stock-based compensation 1,725   1,725        
Purchase of common stock for treasury stock (4,402)           (4,402)
Issuance of treasury stock 600   432       168
Balance at end of period at Dec. 31, 2017 277,452 37,165 32,182 244,224 (460) (10,893) (24,766)
Increase (Decrease) in Stockholders' Equity              
Net earnings 27,790     27,790      
Pension and postretirement benefits (net of tax effect) 13,657         13,657  
Foreign currency translation (484)         (484)  
Cash dividends (16,273)     (16,273)      
ASU adoption impact | Accounting Standards Update 2014-09 (128)     (128)      
ASU adoption impact | Accounting Standards Update 2018-02 1,700     1,700   (1,700)  
Stock options exercised 1,511 33 1,410       68
ESSOP transactions 76   (78)   154    
Stock-based compensation 4,174   4,174        
Purchase of common stock for treasury stock (4,795)           (4,795)
Issuance of treasury stock 523   394       129
Balance at end of period at Dec. 31, 2018 $ 303,503 $ 37,198 $ 38,082 $ 257,313 $ (306) $ 580 $ (29,364)
[1] Each common share of stock equals $1 par value; therefore, the number of common shares is the same as the dollar value.