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Consolidated Condensed 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)
Employee benefit stock
Treasury stock (at cost)
Balance at beginning of period at Dec. 31, 2018 $ 303,503 $ 37,198 $ 38,082 $ 257,313 $ 580 $ (306) $ (29,364)
Net earnings 10,824     10,824      
Pension and postretirement benefits (net of tax effect) (12)       (12)    
Foreign currency translation (257)       (257)    
Cash dividends (4,360)     (4,360)      
Stock options exercised 471 2 397       72
Stock-based compensation 265   265        
Purchase of common stock for treasury stock (1,873)           (1,873)
Issuance of treasury stock 52   12       40
Balance at end of period at Mar. 31, 2019 308,613 37,200 38,756 263,777 311 (306) (31,125)
Balance at beginning of period at Dec. 31, 2019 331,068 37,200 41,956 285,879 425 (154) (34,238)
Net earnings 11,854     11,854      
Pension and postretirement benefits (net of tax effect) 1       1    
Foreign currency translation (627)       (627)    
Cash dividends (4,948)     (4,948)      
Stock options exercised 478 20 438       20
Stock-based compensation 307   307        
Purchase of common stock for treasury stock (2,467)           (2,467)
Issuance of treasury stock 55   (11)       66
Balance at end of period at Mar. 31, 2020 $ 335,721 $ 37,220 $ 42,690 $ 292,785 $ (201) $ (154) $ (36,619)
[1] Each common share of stock equals $1 par value; therefore, the number of common shares is the same as the dollar value.