Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Total
Balance at Dec. 31, 2012 $ 221 $ 133,072 $ 27,523 $ (7,084) $ 153,732
Balance (in shares) at Dec. 31, 2012 22,130,996        
Increase (Decrease) in Stockholders' Equity          
Net income     11,639   11,639
Dividends paid     (18,699)   (18,699)
Adjustment for pension and postretirement benefit liability, net of tax of ($495) in 2015, $3,346 in 2014 and ($3,838) in 2013       6,062 6,062
Adjustment for interest rate swap, net of tax of $564 in 2015, ($114) in 2014 and ($102) in 2013       160 160
Shares withheld on restricted stock vesting   (160)     (160)
Stock based compensation $ 1 2,586     2,587
Stock based compensation (in shares) 92,458        
Balance at Dec. 31, 2013 $ 222 135,498 20,463 (862) 155,321
Balance (in shares) at Dec. 31, 2013 22,223,454        
Increase (Decrease) in Stockholders' Equity          
Net income     39,961   39,961
Dividends paid     (19,598)   (19,598)
Adjustment for pension and postretirement benefit liability, net of tax of ($495) in 2015, $3,346 in 2014 and ($3,838) in 2013       (5,350) (5,350)
Adjustment for interest rate swap, net of tax of $564 in 2015, ($114) in 2014 and ($102) in 2013       184 184
Shares withheld on restricted stock vesting   (97)     (97)
Stock based compensation $ 1 2,867     2,868
Stock based compensation (in shares) 59,174        
Balance at Dec. 31, 2014 $ 223 138,268 40,826 (6,028) 173,289
Balance (in shares) at Dec. 31, 2014 22,282,628        
Increase (Decrease) in Stockholders' Equity          
Net income     44,176   44,176
Dividends paid     (20,173)   (20,173)
Adjustment for pension and postretirement benefit liability, net of tax of ($495) in 2015, $3,346 in 2014 and ($3,838) in 2013       782 782
Adjustment for interest rate swap, net of tax of $564 in 2015, ($114) in 2014 and ($102) in 2013       (937) (937)
Shares withheld on restricted stock vesting   (27)     (27)
Shares issued from exercise of stock options   111     $ 111
Shares issued from exercise of stock options (in shares) 26,350       26,350
Stock based compensation $ 1 3,274     $ 3,275
Stock based compensation (in shares) 78,819        
Balance at Dec. 31, 2015 $ 224 $ 141,626 $ 64,829 $ (6,183) $ 200,496
Balance (in shares) at Dec. 31, 2015 22,387,797