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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 34,903     34,903      
Pension and postretirement benefits (net of tax effect) 333       333    
Foreign currency translation (509)       (509)    
Cash dividends (13,665)     (13,665)      
Stock options exercised 963 2 832       129
Stock-based compensation 882   882        
Purchase of common stock for treasury stock (3,358)           (3,358)
Issuance of treasury stock 587   510       77
Balance at end of period at Sep. 30, 2019 323,639 37,200 40,306 278,551 404 (306) (32,516)
Balance at beginning of period at Jun. 30, 2019 316,452 37,200 39,746 270,772 1,066 (306) (32,026)
Net earnings 12,721     12,721      
Pension and postretirement benefits (net of tax effect) (16)       (16)    
Foreign currency translation (646)       (646)    
Cash dividends (4,942)     (4,942)      
Stock options exercised 215   192       23
Stock-based compensation 328   328        
Purchase of common stock for treasury stock (521)           (521)
Issuance of treasury stock 48   40       8
Balance at end of period at Sep. 30, 2019 323,639 37,200 40,306 278,551 404 (306) (32,516)
Balance at beginning of period at Dec. 31, 2019 331,068 37,200 41,956 285,879 425 (154) (34,238)
Net earnings 36,249     36,249      
Pension and postretirement benefits (net of tax effect) (9)       (9)    
Foreign currency translation 268       268    
Cash dividends (15,132)     (15,132)      
Stock options exercised 505 20 458       27
Stock-based compensation 1,041   1,041        
Purchase of common stock for treasury stock (2,934)           (2,934)
Issuance of treasury stock 487   395       92
Balance at end of period at Sep. 30, 2020 351,543 37,220 43,850 306,996 684 (154) (37,053)
Balance at beginning of period at Jun. 30, 2020 341,143 37,220 43,456 297,370 245 (154) (36,994)
Net earnings 14,861     14,861      
Pension and postretirement benefits (net of tax effect) (11)       (11)    
Foreign currency translation 450       450    
Cash dividends (5,235)     (5,235)      
Stock options exercised 27   20       7
Stock-based compensation 336   336        
Purchase of common stock for treasury stock (61)           (61)
Issuance of treasury stock 33   38       (5)
Balance at end of period at Sep. 30, 2020 $ 351,543 $ 37,220 $ 43,850 $ 306,996 $ 684 $ (154) $ (37,053)
[1] Each common share of stock equals $1 par value; therefore, the number of common shares is the same as the dollar value.