Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 70,376	$ 48,871
Receivables	59,164	61,365
Inventories:
Finished goods	19,469	22,946
Work in process	16,776	17,728
Raw materials	38,185	41,274
Total inventories	74,430	81,948
Prepaid expenses and other current assets	7,459	7,910
Total current assets	211,429	200,094
Property, plant and equipment, at cost	211,457	209,825
Less accumulated depreciation	(126,887)	(124,064)
Net property, plant and equipment	84,570	85,761
Intangible assets, at cost less accumulated amortization	46,396	48,163
Other assets	15,288	15,875
Deferred income taxes	2,015	742
Goodwill	71,258	71,258
Total assets	430,956	421,893
Current liabilities:
Short-term debt	4,400	4,480
Payables	35,915	31,523
Accrued compensation and employee benefits	9,181	12,754
Warranty and after-sale costs	5,981	5,583
Other current liabilities	4,979	2,907
Total current liabilities	60,456	57,247
Other long-term liabilities	23,093	22,980
Deferred income taxes	2,428	876
Accrued non-pension postretirement benefits	5,721	5,711
Other accrued employee benefits	3,537	4,011
Commitments and contingencies (Note 6)
Shareholders’ equity:
Common stock	37,220	37,200
Capital in excess of par value	42,690	41,956
Reinvested earnings	292,785	285,879
Accumulated other comprehensive (loss) income	(201)	425
Less: Employee benefit stock	(154)	(154)
Treasury stock, at cost	(36,619)	(34,238)
Total shareholders’ equity	335,721	331,068
Total liabilities and shareholders’ equity	$ 430,956	$ 421,893