Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

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

The following is a reconciliation of the shares used in calculating basic and dilutive net earnings per common share.

	2016		2015		2014
	(In thousands)
Weighted average common shares outstanding – Basic		22,723		22,812		22,900
Plus incremental shares from assumed conversions:
Dilutive effect of restricted shares and performance shares		360		330		335
Dilutive effect of stock options		—		—		5
Weighted average common shares outstanding – Diluted		23,083		23,142		23,240

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.

	2016		2015		2014
	(In thousands)
Restricted and performance shares		304		307		276