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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
Accumulated other comprehensive income (loss)
Employee benefit stock
Treasury stock
Balance at beginning of period at Dec. 31, 2018 $ 303,503 $ 37,198 $ 38,082 $ 257,313 $ 580 $ (306) $ (29,364)
Net earnings 47,177     47,177      
Pension and postretirement benefits (net of tax effect) (97)       (97)    
Foreign currency translation (58)       (58)    
Cash dividends (18,611)     (18,611)      
Stock options exercised 1,961 2 1,708       251
ESSOP transactions 553   401     152  
Stock-based compensation 1,214   1,214        
Purchase of common stock for treasury stock (5,207)           (5,207)
Issuance of treasury stock 633   551       82
Balance at end of period at Dec. 31, 2019 331,068 37,200 41,956 285,879 425 (154) (34,238)
Net earnings 49,343     49,343      
Pension and postretirement benefits (net of tax effect) (208)       (208)    
Foreign currency translation 1,096       1,096    
Cash dividends (20,372)     (20,372)      
Stock options exercised 1,058 21 877       160
ESSOP transactions 434   280     $ 154  
Stock-based compensation 1,415   1,415        
Purchase of common stock for treasury stock (3,116)           (3,116)
Issuance of treasury stock 541   436       105
Balance at end of period at Dec. 31, 2020 361,259 37,221 44,964 314,850 1,313   (37,089)
Net earnings 60,884     60,884      
Pension and postretirement benefits (net of tax effect) 339       339    
Foreign currency translation (1,516)       (1,516)    
Cash dividends (22,199)     (22,199)      
Stock options exercised 2,036   1,622       414
Stock-based compensation 2,330   2,330        
Purchase of common stock for treasury stock (460)           (460)
Issuance of treasury stock 397   308       89
Balance at end of period at Dec. 31, 2021 $ 403,070 $ 37,221 $ 49,224 $ 353,535 $ 136   $ (37,046)
[1] Each common share of stock equals $1 par value; therefore, the number of common shares is the same as the dollar value.