· Financial Highlights · Consolidated Balance Sheets · Consolidated Statements of Earnings · Consolidated Statements of Shareholders' Equity · Consolidated Statements of Cash Flows · Notes to Consolidated Financial Statements · Independent Auditors' Report · Management's Discussion and Analysis of Financial Condition and Results of Operations
		Consolidated Statements of Shareholders' Equity In thousands, except share data Year ended December 31, 1995, 1994 and 1993
				Common stock					Additional paid-in capital				Retained earnings		Equity adjustments from foreign currency translation				Total
				Shares		Par Value
		Balance at December 31, 1992		11,795,642			$118			11,840			63,960			3,075			78,993
		Exercise of stock options		3,350			-			30			-			-			30
		Issuance of shares under stock purchase plan		41,688			-			452			-			-			452
		Tax benefits related to stock options and stock purchase plan		-			-			7			-			-			7
		Net earnings		-			-			-			10,167			-			10,167
		Foreign currency translation adjustments		-			-			-			-			(826	)		(826	)
		dividends paid ($.10 per share)		-			-			-			(1,182	)		-			(1,182	)
		Balance at December 31, 1993		11,840,680			$118			12,329			72,945			2,249			87,641
		Exercise of stock options, net		154,340			2			1,622			-			-			1,624
		Issuance of shares under stock purchase plan		50,999			-			556			-			-			556
		Shares repurchased under provisions of stock repurchase plan		(111,176	)		(1	)		(2,172	)		-			-			(2,173	)
		Tax benefits related to stock options and stock purchase plan		-			-			316			-			-			316
		Net earnings		-			-			-			13,217			-			13,217
		Foreign currency translation adjustments, net of deferred taxes of $196		-			-			-			-			1,120			1,120
		dividends paid ($.10 per share)		-			-			-			(1,191	)		-			(1,191	)
		Balance at December 31, 1994		11,934,843			$119			12,651			84,971			3,369			101,110
		Exercise of stock options, net		96,520			1			1,143			-			-			1,144
		Issuance of shares under stock purchase plan		60,423			1			989			-			-			990
		Shares repurchased under provisions of stock repurchase plan		(81,123	)		(1	)		(2,062	)		-			-			(2,063	)
		Tax benefits related to stock options and stock purchase plan		-			-			408			-			-			408
		Net earnings		-			-			-			17,395			-			17,395
		Foreign currency translation adjustments, net of deferred tax credit of $196		-			-			-			-			(354	)		(354	)
		dividends paid ($.12 per share)		-			-			-			(1,438	)		-			(1,438	)
		Balance at December 31, 1995		12,010,663			$120			13,129			100,928			3,015			117,192
		See accompanying notes to consolidated financial statements.

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