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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 22,182     22,182      
Pension and postretirement benefits (net of tax effect) 349       349    
Foreign currency translation 137       137    
Cash dividends (8,723)     (8,723)      
Stock options exercised 748 2 640       106
Stock-based compensation 554   554        
Purchase of common stock for treasury stock (2,837)           (2,837)
Issuance of treasury stock 539   470       69
Balance at end of period at Jun. 30, 2019 316,452 37,200 39,746 270,772 1,066 (306) (32,026)
Balance at beginning of period at Mar. 31, 2019 308,613 37,200 38,756 263,777 311 (306) (31,125)
Net earnings 11,358     11,358      
Pension and postretirement benefits (net of tax effect) 360       360    
Foreign currency translation 395       395    
Cash dividends (4,363)     (4,363)      
Stock options exercised 277   243       34
Stock-based compensation 289   289        
Purchase of common stock for treasury stock (964)           (964)
Issuance of treasury stock 487   458       29
Balance at end of period at Jun. 30, 2019 316,452 37,200 39,746 270,772 1,066 (306) (32,026)
Balance at beginning of period at Dec. 31, 2019 331,068 37,200 41,956 285,879 425 (154) (34,238)
Net earnings 21,388     21,388      
Pension and postretirement benefits (net of tax effect) 2       2    
Foreign currency translation (182)       (182)    
Cash dividends (9,897)     (9,897)      
Stock options exercised 478 20 438       20
Stock-based compensation 705   705        
Purchase of common stock for treasury stock (2,873)           (2,873)
Issuance of treasury stock 454   357       97
Balance at end of period at Jun. 30, 2020 341,143 37,220 43,456 297,370 245 (154) (36,994)
Balance at beginning of period at Mar. 31, 2020 335,721 37,220 42,690 292,785 (201) (154) (36,619)
Net earnings 9,534     9,534      
Pension and postretirement benefits (net of tax effect) 1       1    
Foreign currency translation 445       445    
Cash dividends (4,949)     (4,949)      
Stock-based compensation 398   398        
Purchase of common stock for treasury stock (406)           (406)
Issuance of treasury stock 399   368       31
Balance at end of period at Jun. 30, 2020 $ 341,143 $ 37,220 $ 43,456 $ 297,370 $ 245 $ (154) $ (36,994)
[1] Each common share of stock equals $1 par value; therefore, the number of common shares is the same as the dollar value.