Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies [Abstract]

Estimated Useful Lives of Property, Plant and Equipment

These assets are recorded at historical cost and are depreciated using the straight-line method of depreciation over the estimated useful lives as follows:

	Estimated Life
Buildings	25 to 33-1/2 years
Building improvements	10 to 25 years
Machinery and equipment	7 to 12 years
Tools, dies and auxiliary equipment	3 to 8 years
Furniture and fixtures	3 to 12 years

Reconciliation of Shares Used in Calculating Basic and Dilutive Net Earnings per Common Share

We present two calculations of earnings per common share.  “Basic” earnings per common share equals net income divided by weighted average common shares outstanding during the period. “Diluted” earnings per common share equals net income divided by the sum of weighted average common shares outstanding during the period plus potentially dilutive common shares.  Potentially dilutive common shares that are anti-dilutive are excluded from net earnings per common share.  The following is a reconciliation of the shares used in calculating basic and dilutive net earnings per common share.

	2014		2013		2012
	(In thousands)
Weighted average common shares outstanding – Basic		22,900		22,975		22,812
Plus incremental shares from assumed conversions:
Dilutive effect of restricted shares and performance shares		335		287		231
Dilutive effect of stock options		5		8		7
Weighted average common shares outstanding – Diluted		23,240		23,270		23,050

Antidilutive Securities Excluded from Computation of Earnings Per Share

The average shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method.

	2014		2013		2012
	(In thousands)
Stock options		4		8		22
Restricted and performance shares		276		203		200