Alamo (ALG) 10-K 7 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 28, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	ALAMO GROUP INC
Entity Central Index Key	897,077
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		11,514,980
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 618,602,207

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 16,793	$ 26,922
Accounts receivable, net	170,329	178,305
Inventories	135,760	150,758
Prepaid expenses	4,725	5,410
Income tax receivable	11	1,491
Total current assets	327,618	362,886
Rental equipment, net	30,970	37,564
Property, plant and equipment	180,041	178,044
Less: Accumulated depreciation	(113,412)	(107,094)
Property, plant and equipment, net	66,629	70,950
Goodwill	74,825	75,509
Intangible assets, net	50,038	52,950
Deferred income taxes	619	1,475
Other assets	2,077	2,169
Total assets	552,776	603,503
Current liabilities:
Trade accounts payable	43,136	45,486
Income taxes payable	2,333	1,320
Accrued liabilities	33,158	38,141
Current maturities of long-term debt and capital lease obligations	73	77
Total current liabilities	78,700	85,024
Long-term debt and capital lease obligation, net of current maturities	70,017	144,006
Accrued pension liabilities	2,929	4,499
Other long-term liabilities	6,969	5,782
Deferred income taxes	6,444	3,723
Stockholders’ equity:
Common stock, $.10 par value, 20,000,000 shares authorized; 11,462,484 and 11,392,236 issued at December 31, 2016 and December 31, 2015, respectively	1,146	1,139
Additional paid-in capital	99,765	96,778
Treasury stock, at cost; 42,600 shares at December 31, 2016 and December 31, 2015	(426)	(426)
Retained earnings	334,988	299,057
Accumulated other comprehensive loss	(47,756)	(36,079)
Total stockholders’ equity	387,717	360,469
Total liabilities and stockholders’ equity	$ 552,776	$ 603,503

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Stockholders' equity:
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	11,462,484	11,392,236
Treasury stock, shares	42,600	42,600

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales:
Net sales:	$ 844,748	$ 879,577	$ 839,055
Cost of sales	639,649	677,129	649,827
Gross profit	205,099	202,448	189,228
Selling, general and administrative expenses	137,479	135,920	126,564
Income from operations	67,620	66,528	62,664
Interest expense	(5,914)	(6,724)	(4,037)
Interest income	214	189	211
Other income	269	6,874	1,767
Income before income taxes	62,189	66,867	60,605
Provision for income taxes	22,144	23,658	19,454
Net income	$ 40,045	$ 43,209	$ 41,151
Net income per common share:
Basic (in dollars per share)	$ 3.50	$ 3.81	$ 3.47
Diluted (in dollars per share)	$ 3.46	$ 3.76	$ 3.42
Average common shares:
Basic (in shares)	11,434	11,349	11,875
Diluted (in shares)	11,565	11,482	12,039
Industrial
Net sales:
Net sales:	$ 484,088	$ 498,761	$ 436,018
Income from operations	35,984	42,194	39,377
Agricultural
Net sales:
Net sales:	205,834	208,257	214,326
Income from operations	20,720	17,295	11,714
European
Net sales:
Net sales:	154,826	172,559	188,711
Income from operations	$ 10,916	$ 7,039	$ 11,573

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 40,045	$ 43,209	$ 41,151
Other comprehensive (loss) income:
Foreign currency translation adjustment	(13,156)	(20,112)	(16,331)
Net gain (loss) on pension and other post-retirement benefits	2,369	544	(4,938)
Other comprehensive (loss) before income tax (benefit) expense	(10,787)	(19,568)	(21,269)
Income tax (expense) benefit related to items of other comprehensive (loss) income	(890)	(152)	1,872
Other comprehensive (loss)	(11,677)	(19,720)	(19,397)
Comprehensive income	$ 28,368	$ 23,489	$ 21,754

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income
Balance at Dec. 31, 2013	$ 350,465	$ 1,211	$ 91,439	$ (426)	$ 255,203	$ 3,038
Balance (in shares) at Dec. 31, 2013		12,071
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	41,151				41,151
Translation adjustment	(16,331)					(16,331)
Net actuarial gain (loss) arising during period net of taxes	(3,066)					(3,066)
Tax effect of exercised non-qualified stock options	94		94
Stock-based compensation	1,986		1,986
Exercise of stock options (in shares)		43
Exercise of stock options	903	$ 4	899
Repurchased shares	(34,204)			(34,204)
Retirement of shares (in shares)		(850)
Retirement of shares	0	$ (85)	(569)	34,204	(33,550)
Dividends paid	(3,328)				(3,328)
Balance (in shares) at Dec. 31, 2014		11,264
Balance at Dec. 31, 2014	337,670	$ 1,130	93,849	(426)	259,476	(16,359)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	43,209				43,209
Translation adjustment	(20,112)					(20,112)
Net actuarial gain (loss) arising during period net of taxes	392					392
Tax effect of exercised non-qualified stock options	(142)		(142)
Stock-based compensation	1,057		1,057
Exercise of stock options (in shares)		86
Exercise of stock options	2,023	$ 9	2,014
Dividends paid	(3,628)				(3,628)
Balance (in shares) at Dec. 31, 2015		11,350
Balance at Dec. 31, 2015	360,469	$ 1,139	96,778	(426)	299,057	(36,079)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	40,045				40,045
Translation adjustment	(13,156)					(13,156)
Net actuarial gain (loss) arising during period net of taxes	1,479					1,479
Tax effect of exercised non-qualified stock options	230		230
Stock-based compensation	1,414		1,414
Exercise of stock options (in shares)		70
Exercise of stock options	1,369	$ 7	1,362
Repurchased shares	(19)		(19)
Dividends paid	(4,114)				(4,114)
Balance (in shares) at Dec. 31, 2016		11,420
Balance at Dec. 31, 2016	$ 387,717	$ 1,146	$ 99,765	$ (426)	$ 334,988	$ (47,756)

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Dividends paid (in dollars per share)	$ 0.36	$ 0.32	$ 0.28

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities
Net income	$ 40,045	$ 43,209	$ 41,151
Adjustments to reconcile net income to cash provided by operating activities:
Provision for doubtful accounts	482	965	469
Depreciation	17,696	18,988	10,645
Amortization of intangibles	3,104	3,113	2,005
Amortization of debt issuance	213	214	183
Stock-based compensation expense	1,414	1,057	1,986
Excess tax (benefit) expense from stock-based payment arrangements	(230)	142	(94)
Provision for deferred income tax expense (benefit)	2,620	2,804	(108)
Gain on sale of property, plant and equipment	(345)	(4,046)	(911)
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable	3,876	(9,657)	(12,596)
Inventories	12,340	9,759	(10,993)
Rental equipment	315	(11,699)	(5,184)
Prepaid expenses and other	(5,634)	(3,521)	6,661
Trade accounts payable and accrued liabilities	(5,382)	(1,708)	1,202
Income taxes payable	2,908	3,700	(3,075)
Other assets and liabilities, net	2,132	(760)	(1,131)
Net cash provided by operating activities	75,554	52,560	30,210
Investing Activities
Acquisitions, net of cash acquired	(188)	(3,465)	(196,467)
Purchase of property, plant and equipment	(9,711)	(15,479)	(9,806)
Proceeds from sale of property, plant and equipment	1,293	4,246	1,442
Purchase of patents	(50)	0	0
Net cash used in investing activities	(8,656)	(14,698)	(204,831)
Financing Activities
Borrowings on bank revolving credit facility	79,000	79,000	273,000
Repayment on bank revolving credit facility	(153,000)	(125,000)	(83,000)
Principal payments on long-term debt and capital leases	(38)	(449)	(682)
Proceeds from issuance of long-term debt	48	0	767
Debt issuance cost	(593)	0	(818)
Dividends paid	(4,114)	(3,628)	(3,328)
Proceeds from exercise of stock options	1,369	2,023	903
Treasury stock repurchased	0	0	(34,204)
Common stock repurchased	(19)	0	0
Excess tax expense (benefit) from stock-based payment arrangements	230	(142)	94
Net cash (used in) provided by financing activities	(77,117)	(48,196)	152,732
Effect of exchange rate changes on cash	90	(2,277)	(2,538)
Net change in cash and cash equivalents	(10,129)	(12,611)	(24,427)
Cash and cash equivalents at beginning of the year	26,922	39,533	63,960
Cash and cash equivalents at end of the year	16,793	26,922	39,533
Cash paid during the year for:
Interest	5,796	6,936	3,320
Income taxes	$ 16,637	$ 18,709	$ 22,243

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Description of the Business and Segments The Company manufactures, distributes and services high quality tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services. The Company manages its business through three principal reporting segments: Industrial, Agricultural and European, which are discussed in Note 14 . Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of Alamo Group Inc. and its subsidiaries (the “Company” or “Alamo Group”), all of which are wholly owned. All inter-company accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles requires management to make estimates and assumptions that affect the amount of assets, liabilities, revenues, and expenses reported in the financial statements and accompanying notes. Judgments related to asset impairment and certain reserves are particularly subject to change. Actual results could differ from those estimates. Such estimates include, but are not limited to, allowance for doubtful accounts, reserve for sales discounts, estimated realizable value on obsolete and slow-moving inventory, warranty reserve, estimates related to pension accounting; estimates related to fair value for purposes of assessing goodwill, long-lived assets and intangible assets for impairment; estimates related to income taxes; and estimates related to contingencies. Foreign Currency The Company translates the assets and liabilities of foreign-owned subsidiaries at rates in effect at the end of the year. Revenues and expenses are translated at average rates in effect during the reporting period. Translation adjustments are included in accumulated other comprehensive income (loss). The Company enters into foreign currency forward contracts to limit its exposure to certain foreign currency transactions. The Company does not hold or issue financial instruments for trading purposes. On December 31, 2016 , the Company had a notional amount of $ 1,384,000 in outstanding forward exchange contracts related to sales. Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less from the date of purchase to be cash equivalents. As of December 31, 2016 and December 31, 2015 , there was no restricted cash. Concentrations of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of accounts receivable. The credit risk is limited because of the large numbers and types of customers and their geographic dispersion. Inventories Inventories of U.S. operating subsidiaries are stated at the lower of cost (last-in, first-out method) (“LIFO”) or market, and the Company’s international subsidiaries’ inventories are stated at the lower of cost (first-in, first-out) (“FIFO”) or market. Inventory costs include those costs directly attributable to products, including raw materials, labor and overhead. Property, Plant and Equipment Property, plant, and equipment are stated on the basis of cost. Major renewals and betterments are charged to the property accounts while replacements, maintenance and repairs, which do not improve or extend the lives of the respective assets, are expensed to the current period. Depreciation is provided at amounts calculated to amortize the cost of the assets over their estimated useful economic lives using the straight-line method. Impairment of Long-Lived Assets Long-lived assets, such as property, plant and equipment, rental equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares non-discounted cash flows expected to be generated by that asset group to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on a non-discounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. Goodwill Goodwill represents the excess of the purchase price over the estimated fair value of the identifiable net assets acquired. Goodwill is not amortized but is instead tested for impairment at least annually, or whenever events or circumstances change between the annual impairment tests that make it likely that an impairment may have occurred, such as a significant adverse change in the business climate or a decision to sell all or a portion of a reporting unit. The Company performs its annual test for goodwill impairment related to its reporting units on October 1 of each fiscal year. The Company performs a quantitative test for goodwill impairment by comparing the carrying amount of each reporting unit to its estimated fair value. If the carrying amount exceeds the reporting unit’s fair value, there is a potential impairment in goodwill. Any impairment in goodwill is measured by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and comparing the notional goodwill from the fair value allocation to the carrying value of the goodwill. See Note 6 to the Consolidated Financial Statements for more information regarding goodwill. Intangible Assets The Company has intangible assets with both definite and indefinite useful lives. The definite-lived assets are trade names and trademarks, customer and dealer relationships, and patents and drawings that are subject to amortization with useful lives ranging from 12 years to 25 years. Impairment of definite-lived assets is discussed as part of the Impairment of Long-Lived Assets paragraph above. The indefinite-lived assets not subject to amortization consist of trade names. The Company tests its indefinite-lived intangible assets for impairment on an annual basis at year-end, or more frequently if an event occurs or circumstances change that indicate that the fair value of an indefinite-lived intangible asset could be below its carrying amount. The impairment test consists of comparing the fair value of the indefinite-lived intangible asset, determined using the relief from royalty method, with its carrying amount. An impairment loss would be recognized for the carrying amount in excess of its fair value. See Note 7 to the Consolidated Financial Statements for more information regarding intangible assets. Pensions The Company records annual amounts relating to its pension and post-retirement plans based on calculations that incorporate various actuarial and other assumptions, including discount rates, mortality, assumed rates of return, compensation increases, turnover rates and health care cost trend rates. The Company reviews its assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is appropriate to do so. The effect of modifications to those assumptions is recorded in accumulated other comprehensive income (loss) and amortized to net periodic cost over future periods using the corridor method. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience and market conditions. The net periodic costs are recognized as employees render the services necessary to earn the post-retirement benefits. On April 6, 2016 the Company notified all participants in the Gradall Company Hourly Employees’ Pension Plan of our decision to terminate the plan. Participants in the plan did not lose any benefits and were given a choice between obtaining continued annuity benefits that match the benefits offered under the plan or receiving an immediate one-time lump sum payment in total settlement of benefits. The Company made a final contribution of $622,000 and met all legal requirements to effectuate a proper termination of the plan before December 31, 2016 . The Company expensed $2,889,000 of accumulated pension actuarial losses relating to the closure of the Gradall Hourly Employees' Savings and Investment Plan that had been previously deferred in Other comprehensive income and deferred taxes. Related Party Transactions There were no reportable relationships or related party transactions for the years ended December 31, 2016 , 2015 , and 2014 . Revenue Recognition The Company recognizes revenue when each of the following four criteria are met: 1) a contract or sales arrangement exists; 2) products have been shipped per agreed terms and title has been transferred or services have been rendered; 3) the prices of the products or services are fixed or determinable; and 4) collectability is reasonably assured. Pre-season sales orders are solicited in the fall in advance of the dealer’s sales season in the spring and summer. Pre-season sales orders are shipped beginning in the fall and continuing through the spring and represent an opportunity for the Company’s factories to level their production/shipping volumes through the winter months. These pre-season shipments carry descending discounts in conjunction with delayed payment terms of up to eleven months from the dealer’s requested delivery date. Revenue from sales is recorded net of a provision for discounts that are anticipated to be earned and deducted at time of payment by the customer. These approximated discounts are estimated using an average of historical discounts taken and are adjusted as program terms are changed. The reserves for discounts are reviewed and adjusted quarterly. The Company enters into operating lease agreements with customers related to the rental of certain equipment. The rental income is recognized ratably over the term of the leases. Sales taxes collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from revenues in the consolidated statements of operations. Rental Equipment The Company enters into operating lease agreements with customers related to the rental of certain equipment. In accounting for these leases, the cost of the equipment purchased or manufactured by the Company is recorded as an asset, and is depreciated over its estimated useful life. Accumulated depreciation relating to the rental equipment was $10,430,000 and $8,322,000 on December 31, 2016 and December 31, 2015 , respectively. Shipping and Handling Costs The Company’s policy is to include shipping and handling costs in costs of goods sold. Advertising We charge advertising costs to expense as incurred. Advertising and marketing expense related to operations for fiscal years 2016 , 2015 , and 2014 was approximately $ 7,742,000 , $ 7,670,000 and $ 7,368,000 , respectively. Advertising and marketing expenses are included in Selling, General and Administrative expenses (“SG&A”). Research and Development Product development and engineering costs charged to SG&A amounted to $ 8,847,000 , $ 8,590,000 , and $ 8,427,000 for the years ended December 31, 2016 , 2015 , and 2014 , respectively. Commitments, Contingencies and Legal Costs Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. The Company's policy is to accrue for legal costs expected to be incurred in connection with loss contingencies. Federal Income Taxes Deferred tax assets and liabilities are determined based on differences between the financial reporting basis and tax basis of assets and liabilities, and are measured by applying enacted statutory tax rates applicable to the future years in which deferred tax assets or liabilities are expected to be settled or realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, available tax carry backs and tax planning strategies in making this assessment other than those which we have reserved. Based upon projections of future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that we will realize the benefits of these deductible differences. We do not provide for a U.S. income tax liability on undistributed earnings of our foreign subsidiaries. The earnings of non-U.S. subsidiaries, which reflect full provision for non-U.S. income taxes, are currently indefinitely reinvested in non-U.S. operations. Stock-Based Compensation The Company has granted options to purchase its common stock to certain employees and directors of the Company and its affiliates under various stock option plans at no less than the fair market value of the underlying stock on the date of grant. These options are granted for a term not exceeding ten years and are forfeited in the event the employee or director terminates his or her employment or relationship with the Company or one of its affiliates other than by retirement or death. These options generally vest over five years. All option plans contain anti-dilutive provisions that permit an adjustment of the number of shares of the Company’s common stock represented by each option for any change in capitalization. Excess tax benefits or awards that are recognized in equity related to stock option exercises are reflected as cash flows from financing activities in the statement of cash flows. The fair value of each stock option is estimated on the date of grant using the Black-Scholes valuation method with the following assumptions noted: 1. The risk-free rate is based on the U.S. Treasury rate over the expected life of the option at the time of the grant. 2. The dividend yield is calculated as the ratio of dividends paid per share of common stock to the stock price on the date of the grant. 3. The expected volatility factors are based on the historical movement of the Company’s common stock price over the expected life of the option. 4. The expected life is the average length of time in which officers, other employees, and non-employee directors are expected to exercise their options, and which are primarily based on historical experience. The Company calculated the fair value for options with the following weighted-average assumptions for 2016 , 2015 , and 2014 : December 31, 2016 2015 2014 Risk-free interest rate 1.54 % 2.00 % 2.24 % Dividend yield 0.6 % 0.6 % 0.5 % Volatility factors 48.5 % 48.8 % 48.2 % Weighted-average expected life 8.0 years 8.0 years 8.0 years Earnings per Common Share (“EPS”) Basic EPS is computed using the weighted-average number of common shares outstanding during the year. The treasury stock method is used to compute diluted EPS which gives effect to the potential dilution of earnings that could have occurred if additional shares were issued for awards granted under the Company’s incentive stock option plans. The treasury stock method assumes proceeds obtained upon exercise of awards granted under the incentive stock option plans are used to purchase outstanding common stock at the average market price during the period. Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. There is a three-tier fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. In fair value, measurements are classified under the following hierarchy: Level 1 – Quoted prices for identical assets or liabilities in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable. When measuring fair value, the Company maximizes use of observable inputs and minimizes the use of unobservable inputs. Fair value measurements are classified to the lowest level input or value-driver that is significant to the valuation. A measurement may therefore be classified within Level 3 even though there may be significant inputs that are readily observable. The carrying values of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, approximate fair value because of the short-term nature of these items. The carrying value of our debt approximates the fair value as of December 31, 2016 and 2015 , as the floating rates on our outstanding balances approximate current market rates. This conclusion was made based on Level 2 inputs. Other than the investments held by the retirement benefit plans, as described in Note 13 to the Consolidated Financial Statements, the Company does not have any other significant financial assets or liabilities measured at fair value on a recurring basis. Fair value measurements are also used in connection with nonrecurring valuations performed in connection with impairment assessments and acquisition accounting. In completing the analysis of the fair values of certain assets acquired as part of business acquisitions, discounted cash flow models were used, which were principally based upon internal assumptions. In valuing certain of the acquired intangible assets, we used an excess earnings methodology, which is a form of a discounted cash flow analysis. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share. Net income for basic and diluted calculations does not differ. (in thousands, except per share amounts) 2016 2015 2014 Net income $ 40,045 $ 43,209 $ 41,151 Average common shares: Basic (weighted-average outstanding shares) 11,434 11,349 11,875 Dilutive potential common shares from stock options 131 133 164 Diluted (weighted-average outstanding shares) 11,565 11,482 12,039 Basic earnings per share $ 3.50 $ 3.81 $ 3.47 Diluted earnings per share $ 3.46 $ 3.76 $ 3.42 Stock options totaling 21,491 shares in 2016 , 61,690 shares in 2015 , and 37,261 shares in 2014 were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
VALUATION AND QUALIFYING ACCOUNTS	VALUATION AND QUALIFYING ACCOUNTS Valuation and qualifying accounts included the following: (in thousands) Balance Beginning of Year Net Charged to Costs and Expenses Translations, Reclassifications and Acquisitions Net Write-Offs or Discounts Taken Balance End of Year 2016 Allowance for doubtful accounts $ 3,484 $ 482 $ 101 $ (1,566 ) $ 2,501 Reserve for sales discounts 15,094 77,126 (109 ) (78,623 ) 13,488 Reserve for inventory obsolescence 9,675 2,041 295 (4,749 ) 7,262 Reserve for warranty 5,566 7,867 (49 ) (8,122 ) 5,262 2015 Allowance for doubtful accounts $ 2,853 $ 965 $ (185 ) $ (149 ) $ 3,484 Reserve for sales discounts 15,999 78,304 (145 ) (79,064 ) 15,094 Reserve for inventory obsolescence 7,601 5,209 (454 ) (2,681 ) 9,675 Reserve for warranty 5,913 7,732 (325 ) (7,754 ) 5,566 2014 Allowance for doubtful accounts $ 2,738 $ 469 $ (153 ) $ (201 ) $ 2,853 Reserve for sales discounts 16,724 79,877 (98 ) (80,504 ) 15,999 Reserve for inventory obsolescence 8,596 2,938 (297 ) (3,636 ) 7,601 Reserve for warranty 4,994 7,467 843 (7,391 ) 5,913 Allowance for Doubtful Accounts The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, the Company records a specific reserve to reduce the amounts recorded to what it believes will be collected. The Company evaluates all receivables that are over 60 days old and will reserve specifically on a 90 -day basis. The Company has a secured or insured interest on most of its wholegoods that each customer purchases. This allows the Company, in times of a difficult economy when the customer is unable to pay or has filed for bankruptcy, to repossess its inventory. This also allows Alamo Group, in certain instances, to maintain only a reserve over its cost, which usually represents the margin on the original sales price. The allowance for doubtful accounts balance was $ 2,501,000 on December 31, 2016 , and $ 3,484,000 on December 31, 2015 . The decrease was primarily from the Company's U.S. operations. Sales Discounts On December 31, 2016 , the Company had $ 13,488,000 in reserves for sales discounts compared to $ 15,094,000 on December 31, 2015 on product shipped to our customers under various promotional programs. The decrease was due primarily to lower sales volume of the Company’s agricultural products during the 2015 preseason, which runs during the third and fourth quarters of each year with orders shipped through the second quarter of 2016. The Company reviews the reserve quarterly based on analysis made on each program outstanding at the time. The Company bases its reserves on historical data relating to discounts taken by the customer under each program. Historically, between 90% and 95% of the Company’s customers who qualify for each program actually take the discount that is available. Inventories – Obsolete and Slow Moving The Company had a reserve of $ 7,262,000 on December 31, 2016 and $ 9,675,000 on December 31, 2015 to cover obsolete and slow moving inventory. The decrease in the reserve was mainly from the Company's Industrial Division. The obsolete and slow moving inventory policy states that the reserve is to be calculated as follows: 1) no inventory usage over a three -year period is deemed obsolete and reserved at 100 percent ; and 2) slow moving inventory with little usage requires a 100 percent reserve on items that have a quantity greater than a three -year supply. There are exceptions to the obsolete and slow moving classifications if approved by an officer of the Company, based on specific identification of an item or items that are deemed to be either included or excluded from this classification. In cases where there is no historical data, management makes a judgment based on a specific review of the inventory in question to determine what reserves, if any, are appropriate. New products or parts are generally excluded from the reserve policy until a three -year history has been established. Warranty The Company’s warranty policy is generally to provide its customers warranty for up to one year on all wholegood units and 90 days on parts, though some components can have warranty for longer terms. Warranty reserve, as a percentage of sales, is generally calculated by looking at the current twelve months’ expenses and prorating that amount based on twelve months’ sales with a ninety -day to six -month lag period. The Company’s historical experience is that an end-user takes approximately 90 days to six months from the receipt of the unit to file a warranty claim. A warranty reserve is established for each different marketing group. Reserve balances are evaluated on a quarterly basis and adjustments made when required. The current liability warranty reserve balance was $ 5,262,000 on December 31, 2016 and $ 5,566,000 on December 31, 2015 and are included in Note 8 . The decrease was primarily in the Company's U.S. operations.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories valued at LIFO represented 49% and 45% of total inventory for the years ended December 31, 2016 and 2015 , respectively. The excess of current costs over LIFO-valued inventories was $ 8,123,000 and $ 8,712,000 on December 31, 2016 and December 31, 2015 , respectively. Inventories consisted of the following on a cost basis, net of reserves: December 31, (in thousands) 2016 2015 Finished goods and parts $ 116,667 $ 129,995 Work in process 9,431 9,561 Raw materials 9,662 11,202 $ 135,760 $ 150,758

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following: December 31, (in thousands) 2016 2015 Useful Lives Land $ 9,063 $ 9,478 Buildings and improvements 75,610 73,828 5-20 yrs. Machinery and equipment 71,028 70,791 3-10 yrs. Office furniture and equipment 7,165 7,128 3-7 yrs. Computer software 11,889 11,298 3-7 yrs. Transportation equipment 5,286 5,521 3 yrs. 180,041 178,044 Accumulated depreciation (113,412 ) (107,094 ) $ 66,629 $ 70,950 Property, plant and equipment on December 31, 2016 and December 31, 2015 include capital leases in the amount of zero and $ 182,000 , respectively, which are included in the listings above. Accumulated depreciation relating to the capital leases on December 31, 2016 and 2015 was zero and $ 92,000 , respectively. Amortization related to capital leases is included in depreciation expense. The decrease in capital leases in 2016 was because previously disclosed capital leases ended. The Company did not enter into any new capital leases.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL The changes in the carrying amount of goodwill for the twelve months ended December 31, 2014 , 2015 , and 2016 are as follows: (in thousands) Balance at December 31, 2013 $ 32,073 Translation adjustment (2,217 ) Goodwill acquired 45,835 Balance at December 31, 2014 $ 75,691 Translation adjustment (3,181 ) Goodwill acquired $ 2,999 Balance at December 31, 2015 $ 75,509 Translation adjustment (684 ) Balance at December 31, 2016 $ 74,825

Definite- and Indefinite-Lived

Definite- and Indefinite-Lived Intangible Assets	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
DEFINITE- AND INDEFINITE-LIVED INTANGIBLE ASSETS	DEFINITE- AND INDEFINITE-LIVED INTANGIBLE ASSETS The following is a summary of both the Company's definite- and indefinite-lived intangible assets net of the accumulated amortization: (in thousands) Estimated Useful Lives December 31, December 31, 2015 Definite: Trade names and trademarks 25 years $ 21,914 $ 21,878 Customer and dealer relationships 14 years 28,822 28,715 Patents and drawings 12 years 1,954 1,893 Total at cost 52,690 52,486 Less accumulated amortization (8,152 ) (5,036 ) Total net 44,538 47,450 Indefinite: Trade names and trademarks 5,500 5,500 Total Intangible Assets $ 50,038 $ 52,950 The Company's net carrying value at December 31, 2016 of intangible assets with definite useful lives consists of trade names and trademarks at $19,608,000 , customer and dealer relationships at $23,396,000 and patents and drawings at $1,534,000 . As of December 31, 2016 , the related accumulated amortization balance for the definite- lived assets were $2,306,000 for trade names and trademarks, $5,426,000 for customer and dealer relationships, and $420,000 for Patents and drawings. The Company estimates amortization expense to be $3,104,000 for each of the next five years. Indefinite-lived trade names and trademarks consisted of the Gradall trade name with a carrying value of $3,600,000 and the Bush Hog trade name with a carrying value of $1,900,000 .

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
ACCRUED LIABILITIES	ACCRUED LIABILITIES Accrued liabilities consist of the following balances: December 31, (in thousands) 2016 2015 Salaries, wages and bonuses $ 19,368 $ 19,270 Warranty 5,262 5,566 State taxes 2,284 2,180 Other 6,244 11,125 $ 33,158 $ 38,141

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The components of long-term debt are as follows: December 31, (in thousands) 2016 2015 Bank revolving credit facility $ 70,000 $ 144,000 Capital lease obligations — 23 Other notes payable 90 60 Total debt 70,090 144,083 Less current maturities 73 77 Total long-term debt $ 70,017 $ 144,006 Effective December 20, 2016, the Company amended it's revolving credit facility to extend the termination date, reduce LIBOR interest margin and to modify certain financial and other covenants in order to meet the ongoing needs of the Company's business and to allow for greater flexibility in relation to future acquisitions. The Company maintains an unsecured revolving credit facility with certain lenders under its Amended and Restated Revolving Credit Agreement ("Agreement"). The aggregate commitments from lenders under this Agreement are $250,000,000 and, subject to certain conditions, the Company has the option to request an increase in aggregate commitments of up to an additional $50,000,000 . The Agreement requires us to maintain various financial covenants including a minimum earnings before interest and tax to interest expense ratio, a maximum leverage ratio and a minimum asset coverage ratio. The Agreement also contains various covenants relating to limitations on indebtedness, limitations on investments and acquisitions, limitations on sale of properties, and limitations on liens and capital expenditures. The Agreement also contains other customary covenants, representations and events of defaults. The expiration date of the revolving credit facility is December 20, 2021 . As of December 31, 2016 , $70,000,000 was outstanding under the Agreement. On December 31, 2016 , $1,714,000 of the revolver capacity was committed to irrevocable standby letters of credit issued in the ordinary course of business as required by vendors' contracts resulting in $178,286,000 in available borrowings. The aggregate maturities of long-term debt, as of December 31, 2016 , are as follows: $ 73,000 in 2017 ; $17,000 in 2018 ; zero in 2019 and 2020 ; and $70,000,000 thereafter. The fair value of the Company’s debt is based on secondary market indicators. Since the Company’s debt is not quoted, estimates are based on each obligation’s characteristics, including remaining maturities, interest rate, credit rating, collateral, amortization schedule and liquidity. The carrying value of our debt approximates the fair value as of December 31, 2016 and 2015 , as the floating rates on our outstanding balances approximate current market rates. This conclusion was made based on Level 2 inputs.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The jurisdictional components of income before taxes consist of the following: December 31, (in thousands) 2016 2015 2014 Income before income taxes: Domestic $ 44,446 $ 52,313 $ 43,345 Foreign 17,743 14,554 17,260 $ 62,189 $ 66,867 $ 60,605 The components of income tax expense (benefit) consist of the following: December 31, (in thousands) 2016 2015 2014 Current: Domestic $ 11,958 $ 13,293 $ 13,495 Foreign 5,491 4,614 3,382 State 2,075 2,947 2,685 19,524 20,854 19,562 Deferred: Domestic 1,580 3,481 (600 ) Foreign 934 (718 ) 540 State 106 41 (48 ) 2,620 2,804 (108 ) Total income taxes $ 22,144 $ 23,658 $ 19,454 The difference between income tax expense (benefit) for financial statement purposes and the amount of income tax expense computed by applying the domestic statutory income tax rate of 35% to income before income taxes consists of the following: December 31, (in thousands) 2016 2015 2014 Domestic statutory rate at 35% $ 21,766 $ 23,403 $ 21,212 Increase (reduction) from: Jurisdictional rate differences (1,936 ) (2,192 ) (2,119 ) Valuation allowance 1,731 797 353 Stock based compensation 275 257 199 U.S. state taxes 1,295 1,942 1,649 Domestic production deduction (618 ) (518 ) (1,321 ) R&D credit (329 ) (475 ) (614 ) Other, net (40 ) 444 95 Provision for income taxes $ 22,144 $ 23,658 $ 19,454 Effective tax rate 36 % 35 % 32 % Deferred income taxes arise from temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. The components of the Company’s deferred income tax assets and liabilities consist of the following: December 31, (in thousands) 2016 2015 Deferred income tax assets: Inventory basis difference $ 1,568 $ 2,241 Accounts receivable reserve 231 529 Depreciation — 110 Stock based compensation 937 968 Pension liability 3,947 2,481 Employee benefit accrual 1,481 2,038 Product liability and warranty reserves 1,600 1,517 Expenses not currently deductible for tax purposes 28 60 Foreign net operating loss 3,513 2,726 State net operating loss 102 49 Other 94 194 Total deferred income tax assets $ 13,501 $ 12,913 Less: Valuation allowance (3,382 ) (1,651 ) Net deferred income tax assets $ 10,119 $ 11,262 Deferred income tax liabilities: Inventory basis differences $ (16 ) $ (310 ) Depreciation (5,289 ) (4,624 ) Intangible assets (10,046 ) (7,934 ) Deferred revenue — — Expenses not currently deductible for tax purposes (593 ) (642 ) Total deferred income tax liabilities $ (15,944 ) $ (13,510 ) Net deferred income taxes $ (5,825 ) $ (2,248 ) As of December 31, 2016 , the Company had foreign deferred tax assets consisting of foreign net operating losses and other tax benefits available to reduce future taxable income in a foreign jurisdiction. These foreign jurisdictions’ net operating loss carryforwards are in the approximate amount of $10,200,000 with an unlimited carryforward period, and $900,000 with a carryforward expiring in 2035. The Company also has U.S. state net operating loss carryforwards in the amount of $2,600,000 which will expire between 2017 and 2028. The company recorded a valuation allowance as of December 31, 2016 and 2015 due to uncertainties related to the ability to utilize some of the deferred income tax assets, primarily consisting of certain U.S. state NOLs and income tax credits, and international NOLs, before they expire. The valuation allowance is based on estimates of taxable income in the various jurisdictions in which we operate and the period over which deferred income tax assets will be recoverable. The realization of net deferred income tax assets recorded as of December 31, 2016 is primarily dependent upon the ability to generate future taxable income in certain U.S. states and international jurisdictions. Deferred income taxes have not been provided on the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and the respective tax bases of the Company’s foreign subsidiaries, based on the determination that such differences are essentially permanent in duration in that the earnings of the subsidiaries are expected to be indefinitely reinvested in foreign operations. As of December 31, 2016 , the cumulative undistributed earnings of these subsidiaries approximated $ 173,844,000 . If these earnings were not considered indefinitely reinvested, deferred income taxes would have been recorded after the consideration of foreign tax credits. At this time, it is not practicable to estimate the amount of additional income taxes that might be payable on those earnings, if distributed. Unrecognized tax benefits in the amount of $235,000 and $301,000 for 2016 and 2015 , respectively, are included in other non-current liabilities on the balance sheet. The unrecognized tax benefits, if recognized, would favorably impact our effective tax rate in a future period. We do not expect our unrecognized tax benefits disclosed above to change significantly over the next 12 months. December 31, 2016 2015 Balance as of beginning of year $ 301,000 $ 388,000 Additions for tax positions related to the current year 51,000 63,000 Additions for tax positions related to prior years — — Reduction due to lapse of statute of limitations (117,000 ) (150,000 ) Balance as of end of year $ 235,000 $ 301,000 The Company adopted the policy to include interest and penalty expense related to income taxes as interest and other expense, respectively. As of December 31, 2016, no interest or penalties has been accrued. The Company’s open tax years for its federal and state income tax returns are for the tax years ended 2012 through 2016. The Company’s open tax years for its foreign income tax returns are for the tax years ended 2012 through 2016. On March 2016, the FASB issued ASU No. 2016-09, "Compensation-Stock Compensation," to simplify the accounting and reporting for employee share-based payments. Currently excess gains on exercises of stock are not expensed as additional expense, but are typically adjusted through the Additional Paid In Capital account. The amendment requires, the expensing of excess gains when they occur. This may result in some fluctuations in our quarterly tax rates. We are adopting beginning in 2017 and the change will be reflected on our consolidated financial statements beginning in fiscal year 2017.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
COMMON STOCK	COMMON STOCK On September 24, 2014, the Company was authorized by its Board of Directors to enter into a Share Repurchase Agreement with Capital Southwest Corporation and Capital Southwest Venture Corporation (“Capital Southwest”). Pursuant to the Repurchase Agreement, the Company repurchased 849,690 shares of the Company’s common stock owned by Capital Southwest at a purchase price of $40.255 per share . The closing price of the Company’s common stock on the New York Stock Exchange on September 24, 2014 was $41.50 per share. The Company financed the repurchase through borrowings under its revolving credit facility. The Company completed the transaction on September 25, 2014 and subsequently retired all 849,690 shares. In November 2014, the Company successfully completed a public offering of our shares on behalf of Capital Southwest Corporation. On January 3, 2017, the Board of Directors of the Company declared a quarterly dividend of $0.10 per share which was paid on January 27, 2017 to holders of record as of January 16, 2017.

Stock Options

Stock Options	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK OPTIONS	STOCK OPTIONS Incentive Options On May 7, 2015, the stockholders of the Company approved the 2015 Incentive Stock Option Plan (“2015 ISO Plan”) and the Company reserved 400,000 shares of common stock for options to be issued under the 2015 ISO Plan. During the years ended December 31, 2016 and December 31, 2015 , options to purchase 21,000 and 29,500 , respectively, shares were granted under this plan. Each option becomes vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. On May 3, 2005, the stockholders of the Company approved the 2005 Incentive Stock Option Plan (“2005 ISO Plan”) and the Company reserved 500,000 shares of common stock for options to be issued under the 2005 ISO Plan. During the year ended December 31, 2014, options to purchase 48,250 shares were granted under this plan. Each option becomes vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. No further option grants can be made under this plan as of 2015. Following is a summary of activity in the Incentive Stock Option Plans for the periods indicated: 2016 2015 2014 Shares Exercise Price* Shares Exercise Price* Shares Exercise Price* Options outstanding at beginning of year 254,195 $ 34.64 301,800 $ 30.73 292,350 $ 26.68 Granted 21,000 54.87 29,500 53.95 48,250 52.67 Exercised (43,775 ) 26.59 (75,355 ) 26.11 (27,700 ) 24.33 Canceled (10,600 ) 50.68 (1,750 ) 53.61 (11,100 ) 35.42 Options outstanding at end of year 220,820 37.39 254,195 34.64 301,800 30.73 Options exercisable at end of year 136,220 $ 29.66 143,345 $ 25.69 172,450 $ 22.30 Options available for grant at end of year 353,450 370,750 28,950 *Weighted Averages Options outstanding and exercisable at December 31, 2016 were as follows: Qualified Stock Options Options Outstanding Options Exercisable Shares Remaining Contractual Life (yrs)* Exercise Price* Shares Exercise Price* Range of Exercise Price $11.45 - $22.55 44,320 2.03 $ 15.08 44,320 $ 15.08 $24.69 - $42.70 96,350 5.30 $ 34.07 73,750 $ 32.64 $49.44 - $54.87 80,150 8.21 $ 53.72 18,150 $ 53.17 Total 220,820 136,220 *Weighted Averages The weighted-average grant-date fair values of options granted during 2016 , 2015 , and 2014 were $ 27.48 , $ 27.63 and $ 27.23 , respectively. As of December 31, 2016 , there was $ 1,302,000 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a period of five years. Non-Qualified Options On May 3, 2001, the stockholders of the Company approved the First Amended and Restated 1999 Non-Qualified Stock Option Plan ("FAR 1999 NQSO Plan") to add non-employee directors as eligible persons to receive grants of stock options. The Company reserved 400,000 shares of common stock for options to be issued under this plan. Options become vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. No further option grants can be made under this plan as of 2009. On May 7, 2009, the stockholders of the Company approved the 2009 Equity Incentive Plan and the Company reserved 400,000 shares of common stock for this plan. Options become vested and exercisable for up to 20% of the total optioned shares one year following the grant of the option and for an additional 20% of the total optioned shares after each succeeding year until the option is fully exercisable at the end of the fifth year. Following is a summary of activity in the Non-Qualified Stock Option Plans for the periods indicated: 2016 2015 2014 Shares Exercise Price* Shares Exercise Price* Shares Exercise Price* Options outstanding at beginning of year 127,300 $ 32.05 132,100 $ 31.30 114,700 $ 24.87 Granted — — — — 29,000 53.51 Exercised (14,900 ) 13.73 (4,800 ) 11.45 (11,600 ) 23.29 Canceled — — — — — — Options outstanding at end of year 112,400 34.48 127,300 32.05 132,100 31.30 Options exercisable at end of year 85,000 $ 29.61 83,100 $ 24.54 71,100 $ 19.85 Options available for grant at end of year 207,608 232,522 258,526 *Weighted Averages Options outstanding and exercisable as of December 31, 2016 were as follows: Non-Qualified Stock Options Options Outstanding Options Exercisable Shares Remaining Contractual Life (yrs)* Exercise Price* Shares Exercise Price* Range of Exercise Price $11.45 - $22.55 18,400 2.36 $ 11.45 18,400 $ 11.45 $24.69 - $42.70 65,000 4.51 32.50 55,000 30.65 $49.44 - $54.87 29,000 7.37 $ 53.51 11,600 $ 53.51 Total 112,400 85,000 *Weighted Averages The weighted-average grant-date fair value of options granted during 2014 were $27.72 . There were no options granted in 2015 or 2016 . As of December 31, 2016 , there was $ 53,000 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a period of five years. During 2016 , 2015 , and 2014 , 14,900 , 4,800 , and 11,600 non-qualified options were exercised, respectively, $ 205,000 , $ 55,000 , and $ 270,000 of cash receipts were received, respectively, and tax deductions of $ 657,000 , $ 187,000 , and $ 262,000 were realized, respectively, for the tax deductions from option exercises. Restricted Stock Awards Following is a summary of activity in the Restricted Stock Awards for the periods indicated: 2016 2015 2014 Shares Exercise Price* Shares Exercise Price* Shares Exercise Price* Options outstanding at beginning of year 32,616 $ 53.31 12,043 $ 44.10 10,724 $ 32.49 Granted 27,440 55.17 26,004 54.14 6,000 53.51 Exercised (11,909 ) 52.67 (5,431 ) 36.85 (4,681 ) 29.56 Canceled (2,526 ) 53.57 — — — — Options outstanding at end of year 45,621 54.58 32,616 53.31 12,043 44.10 *Weighted Averages Restricted stock awards vest 25% after one year following the award date and for an additional 25% of total awarded shares each succeeding year until fully vested. The weighted-average remaining contractual life in years for 2016 , 2015 , and 2014 was 2.89 , 3.11 and 2.39 , respectively. As of December 31, 2016 , there was $ 1,959,000 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a period of four years.

Retirement Benefit Plans

Retirement Benefit Plans	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
RETIREMENT BENEFIT PLANS	RETIREMENT BENEFIT PLANS Defined Benefit Plans In connection with the February 3, 2006 purchase of all the net assets of the Gradall excavator business, the Company assumed sponsorship of two Gradall non-contributory defined benefit pension plans, both of which are frozen with respect to both future benefit accruals and future new entrants. The Gradall Company Employees’ Retirement Plan covers approximately 245 former employees and 78 current employees who (i) were formerly employed by JLG Industries, Inc., (ii) were not covered by a collective bargaining agreement and (iii) first participated in the plan before December 31, 2004. An amendment ceasing future benefit accruals for certain participants was effective December 31, 2004. A second amendment discontinued all future benefit accruals for all participants effective April 24, 2006. The Gradall Company Hourly Employees’ Pension Plan covered former employees and current employees who (i) were formerly employed by JLG Industries, Inc., (ii) were covered by a collective bargaining agreement and (iii) first participated in the plan before April 6, 1997. An amendment ceasing all future benefit accruals was effective April 6, 1997. On April 6, 2016, the Company notified all participants in the Gradall Company Hourly Employees’ Pension Plan of our decision to terminate the plan. Participants in the plan did not lose any benefits but were given a choice between obtaining certain continued annuity benefits that match the benefits offered under the plan or receiving an immediate one-time lump sum payment in total settlement of benefits. The Company made a final contribution of $622,000 and met all legal requirements to effectuate a proper termination of the plan before December 31, 2016. The Company expensed $2,889,000 related to accumulative pension actuarial losses relating to the closure of the Gradall Hourly Employees' Savings and Investment Plan that had been previously deferred in Other comprehensive income and deferred taxes. The following tables set forth the change in plan assets, change in projected benefit obligation, rate assumptions and components of net periodic benefit cost as of December 31 with respect to these plans. The measurement dates of the assets and liabilities of both plans were December 31 of the respective years presented. Year Ended December 31, 2016 (in thousands) Hourly Employees’ Retirement Plan Total Change in projected benefit obligation Benefit obligation at beginning of year $ 9,649 $ 20,561 $ 30,210 Service cost 8 4 12 Interest cost 401 886 1,287 Liability actuarial (gain) loss (148 ) 204 56 Benefits paid (575 ) (868 ) (1,443 ) Settlements (9,335 ) — (9,335 ) Benefit obligation at end of year — 20,787 20,787 Change in fair value of plan assets Fair value of plan assets at beginning of year 9,019 16,692 25,711 Return on plan assets 119 1,284 1,403 Employer contributions 772 750 1,522 Benefits paid (575 ) (868 ) (1,443 ) Settlements (9,335 ) — (9,335 ) Fair value of plan assets at end of year — 17,858 17,858 Underfunded status – December 31, 2016 $ — $ (2,929 ) $ (2,929 ) Year Ended December 31, 2015 (in thousands) Hourly Employees’ Pension Plan Employees’ Retirement Plan Total Change in projected benefit obligation Benefit obligation at beginning of year $ 10,456 $ 21,595 $ 32,051 Service cost 9 4 13 Interest cost 405 868 1,273 Liability actuarial (gain) (574 ) (1,125 ) (1,699 ) Benefits paid (647 ) (781 ) (1,428 ) Benefit obligation at end of year 9,649 20,561 30,210 Change in fair value of plan assets Fair value of plan assets at beginning of year 9,223 17,114 26,337 Return on plan assets (149 ) (273 ) (422 ) Employer contributions 592 632 1,224 Benefits paid (647 ) (781 ) (1,428 ) Fair value of plan assets at end of year 9,019 16,692 25,711 Underfunded status – December 31, 2015 $ (630 ) $ (3,869 ) $ (4,499 ) The Company recognizes the overfunded or underfunded status (i.e., the difference between the fair value of plan assets and the projected benefit obligations) of defined benefit postretirement plans as an asset or liability in its consolidated balance sheet and recognizes changes in the funded status in the year in which the changes occur. The Company measures the funded status of a plan as of the date of the year-end consolidated balance sheet. The underfunded status of the plans of $2,929,000 and $4,499,000 as of December 31, 2016 and 2015 , respectively, is recognized in the accompanying consolidated balance sheets as long-term accrued pension liability because plan assets are less than the value of benefit obligations expected to be paid. The accumulated benefit obligation for our pension plans represents the actuarial present value of benefits based on employee service and compensation as of a certain date and does not include an assumption about future compensation levels. In determining the projected benefit obligation and the net pension cost, we used the following significant weighted-average assumptions: Assumptions used to determine benefit obligations at December 31: Hourly Employees’ Pension Plan Employees’ Retirement Plan 2016 2015 2016 2015 Discount rate N/A 4.30% 4.10% 4.40% Composite rate of compensation increase N/A N/A N/A N/A Assumptions used to determine net periodic benefit cost for the years ended December 31: Hourly Employees’ Pension Plan Employees’ Retirement Plan 2016 2015 2016 2015 Discount rate 4.30% 4.00% 4.40% 4.10% Long-term rate of return on plan assets 7.25% 7.25% 7.25% 7.25% Composite rate of compensation increase N/A N/A N/A N/A The Company employs a building block approach in determining the expected long-term rate of return on plan assets. Historical markets are studied and long-term historical relationships between equities and fixed income are preserved consistent with the widely accepted capital market principle that assets with higher volatility generate a greater return over the long run. Current market factors such as inflation and interest rates are evaluated before long-term market assumptions are determined. The long-term portfolio return is established via a building block approach with proper consideration of diversification and rebalancing. Peer data and historical returns are reviewed to check for reasonability and appropriateness. The following tables present the components of net periodic benefit cost (gains are denoted with parentheses and losses are not): Year Ended December 31, 2016 (in thousands) Hourly Employees’ Pension Plan Employees’ Retirement Plan Total Service cost $ 8 $ 4 $ 12 Interest cost 401 886 1,287 Expected return on plan assets (648 ) (1,196 ) (1,844 ) Amortization of net loss 284 440 724 Recognition of Settlement 2,889 — 2,889 Net periodic benefit cost $ 2,934 $ 134 $ 3,068 Year Ended December 31, 2015 (in thousands) Hourly Employees’ Pension Plan Employees’ Retirement Plan Total Service cost $ 9 $ 4 $ 13 Interest cost 405 868 1,273 Expected return on plan assets (661 ) (1,229 ) (1,890 ) Amortization of net loss 248 401 649 Net periodic benefit cost $ 1 $ 44 $ 45 The Company estimates that $ 433,000 of unrecognized actuarial expense will be amortized from accumulated other comprehensive income (loss) into net periodic benefit costs during 2017 . The Company employs a total return investment approach whereby a mix of equities and fixed income investments are used to maximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is established through careful consideration of plan liabilities, plan funded status, and corporate financial condition. The investment portfolio contains a diversified blend of equity and fixed income investments. Furthermore, equity investments are diversified across U.S. and non-U.S. stocks, as well as growth, value, and small and large capitalizations. Other assets such as real estate, private equity, and hedge funds are used judiciously to enhance long-term returns while improving portfolio diversification. Derivatives may be used to gain market exposure in an efficient and timely manner; however, derivatives may not be used to leverage the portfolio beyond the market value of the underlying investments. Investment risk is measured and monitored on an ongoing basis through quarterly investment portfolio reviews, annual liability measurements, and periodic asset/liability studies. Our current asset allocations are consistent with our targeted allocations. The pension plans' weighted-average asset allocations as a percentage of plan assets at December 31 are as follows: Hourly Employees’ Pension Plan Employees’ Retirement Plan 2016 2015 2016 2015 Equity securities —% 55% 54% 55% Debt securities —% 37% 38% 37% Short-term investments —% 3% 3% 3% Other —% 5% 5% 5% Total —% 100% 100% 100% The following table presents the hierarchy levels for our postretirement benefit plan investments as of December 31 as described in Note 1 to the Consolidated Financial Statements: December 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Mutual Funds: Mid Cap $ 680 $ 680 $ — $ — Large Cap 3,553 3,553 — — International 2,010 2,010 — — Common/Collective: Liability Driven Solution 2,522 — 2,522 — Wells Fargo BlackRock International Equity 727 — 727 — Wells Fargo Core Bond 1,254 — 1,254 — Wells Fargo/Causeway 741 — 741 — Wells Fargo BlackRock Large Cap Growth Index Fund 1,009 — 1,009 — Wells Fargo BlackRock Large Cap Value Index Fund 1,006 — 1,006 — Wells Fargo Multi-Manager Small Cap 1,189 — 1,189 — Wells Fargo Russell 2000 Index Fund 560 — 560 — Wells Fargo S&P Mid Cap Index Fund 630 — 630 — Wells Fargo/MFS Value CIT F 501 — 501 — Wells Fargo/T. Rowe Price I Large-Cap Growth Managed CIT 505 — 505 — T. Rowe Price Equity Income 504 — 504 — Cash & Short-term Investments 467 467 — — Total $ 17,858 $ 6,710 $ 11,148 $ — December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Mutual Funds: Mid Cap $ 1,623 $ 1,623 $ — $ — Large Cap 4,411 4,411 — — International 2,915 2,915 — — Common/Collective: Liability Driven Solution 3,543 — 3,543 — Wells Fargo International Equity Index Fund 1,080 — 1,080 — Wells Fargo Core Bond 1,774 — 1,774 — Wells Fargo/Causeway 1,112 — 1,112 — Wells Fargo Large Cap Growth Index Fund 1,429 — 1,429 — Wells Fargo Large Cap Value Index Fund 1,415 — 1,415 — Wells Fargo Multi-Manager Small Cap 1,707 — 1,707 — Wells Fargo Russell 2000 Index Fund 800 — 800 — Wells Fargo S&P Mid Cap Index Fund 942 — 942 — Wells Fargo/MFS Value CIT F 736 — 736 — Wells Fargo/T. Rowe Price I Large-Cap Growth Managed CIT 749 — 749 — T. Rowe Price Equity Income 738 — 738 — Cash & Short-term Investments 737 737 — — Total $ 25,711 $ 9,686 $ 16,025 $ — Our interests in the common collective trust investments are managed by one custodian. Consistent with our investment policy, the custodian has invested the assets across a widely diversified portfolio of U.S. and international equity and fixed income securities. Fair values of each security within the collective trust as of December 31, 2016 were obtained from the custodian and are based on quoted market prices of individual investments; however, since the fund itself does not have a quoted market price, these assets are considered Level 2. The common collective funds noted in the above table have estimated fair value using the net asset value per share of investments. Investments can be redeemed immediately at the current net asset value per share based on the fair value of the underlying assets. Redemption frequency is daily. The categories contain investments in equity securities of smaller growing companies, medium-sized U.S. companies, large value-oriented and growth-oriented companies, and foreign companies traded on international markets. Expected benefit payments are estimated using the same assumptions used in determining our benefit obligation as of December 31, 2016 . The following table illustrates the estimated pension benefit payments that are projected to be paid: (in thousands) Employees’ Retirement Plan 2017 $ 1,033 2018 1,130 2019 1,149 2020 1,192 2021 1,249 Years 2022 through 2026 6,473 Supplemental Retirement Plan The Board of Directors of the Company adopted the Alamo Group Inc. Supplemental Executive Retirement Plan (the “SERP”), effective as of January 3, 2011. The SERP will benefit certain key management or other highly compensated employees of the Company and/or certain subsidiaries who are selected by the Compensation Committee and approved by the Board to participate. The SERP is intended to provide a benefit from the Company upon retirement, death or disability, or a change in control of the Company. Accordingly, the SERP obligates the Company to pay to a participant a Retirement Benefit (as defined in the SERP) upon the occurrence of certain payment events to the extent a participant has a vested right thereto. A participant’s right to his or her Retirement Benefit becomes vested in the Company’s contributions upon 10 years of Credited Service (as defined in the SERP) or a change in control of the Company. The Retirement Benefit is based on 20% of the final three -year average salary of each participant on or after his or her normal retirement age ( 65 years of age). In the event of the participant’s death or a change in control, the participant’s vested retirement benefit will be paid in a lump sum to the participant or his or her estate, as applicable, within 90 days after the participant’s death or a change in control, as applicable. In the event the participant is entitled to a benefit from the SERP due to disability, retirement or other termination of employment, the benefit will be paid in monthly installments over a period of fifteen years. The Company records amounts relating to the SERP based on calculations that incorporate various actuarial and other assumptions, including discount rates, rate of compensation increases, retirement dates and life expectancies. The net periodic costs are recognized as employees render the services necessary to earn the SERP benefits. In May of 2015, the Board amended the SERP to allow the Board to modify the retirement benefit percentage either higher or lower than 20%. In May of 2016, the Board added additional highly compensated employees to the plan. As of December 31, 2016 , the current retirement benefit (as defined in the plan) for the participants ranges from 10% to 20% . The change in the Projected Benefit Obligation (PBO) as of December 31, 2016 and 2015 , is shown below, in thousands: Year Ended December 31, (in thousands) 2016 2015 Benefit obligation at January 1, $ 3,962 $ 3,732 Service cost 176 121 Interest cost 175 137 Liability actuarial loss (gain) 183 (24 ) Benefits Paid (67 ) (4 ) Plan amendments 958 — Benefit obligation at December 31, $ 5,387 $ 3,962 The components of net periodic pension expense were as follows, in thousands: Year Ended December 31, (in thousands) 2016 2015 Service cost $ 176 $ 121 Interest cost 175 137 Amortization of prior service cost 364 342 Net periodic benefit cost $ 715 $ 600 The Company estimates that $406,000 of unrecognized actuarial expense will be amortized from accumulated other comprehensive income into net periodic benefit costs during 2017 . In determining the projected benefit obligation and the net pension cost, we used the following significant weighted-average assumptions: Assumptions used to determine benefit obligations at December 31: 2016 2015 Discount rate 3.85% 4.05% Composite rate of compensation increase 3.00% 3.00% Assumptions used to determine net periodic benefit cost for the years ended December 31: 2016 2015 Discount rate 4.05% 3.70% Composite rate of compensation increase 3.00% 3.00% Long-term rate of return on plan assets N/A N/A Future estimated benefits expected to be paid from the plan over the next ten years as follows in thousands: 2017 $ 174 2018 287 2019 290 2020 310 2021 312 Years 2022 through 2026 2,114 Defined Contribution Plans The Company has two defined contribution plans, The Gradall Salaried Employees’ Savings and Investment Plan (“Salary Plan”) and The International Association of Machinist and Aerospace Workers Retirement Plan (“IAM Plan”). The Company contributed $ 435,000 and $ 414,000 to the IAM Plan for the plan years ended December 31, 2016 and 2015 , respectively. The Company converted the Salary Plan into its 401(k) retirement and savings plan and put the Hourly Plan into a separate 401(k) retirement and savings plan. The Company provides a defined contribution 401(k) retirement and savings plan for eligible U.S. employees. Company matching contributions are based on a percentage of employee contributions. Company contributions to the plan during 2016 , 2015 and 2014 were $ 1,900,000 , $ 1,871,000 , and $ 1,466,000 , respectively. Three of the Company’s international subsidiaries also participate in a defined contribution and savings plan covering eligible employees. The Company’s international subsidiaries contribute between 3% and 10% of the participant’s salary up to a specific limit. Total contributions made to the above plans were $ 735,000 , $ 864,000 , and $ 806,000 for the years ended December 31, 2016 , 2015 and 2014 , respectively.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Company has three reportable segments: Industrial, Agricultural and European. The Company’s sales are principally within the United States, United Kingdom, France, Canada and Australia. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets. The Company has included a summary of the financial information by reporting segment. The following table presents the revenues and income from operations by reporting segment for the years ended December 31, 2016 , 2015 , and 2014 : December 31, (in thousands) 2016 2015 2014 Net Revenue Industrial $ 484,088 $ 498,761 $ 436,018 Agricultural 205,834 208,257 214,326 European 154,826 172,559 188,711 Consolidated $ 844,748 $ 879,577 $ 839,055 Income from Operations Industrial $ 35,984 $ 42,194 $ 39,377 Agricultural 20,720 17,295 11,714 European 10,916 7,039 11,573 Consolidated $ 67,620 $ 66,528 $ 62,664 The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2016 and 2015 : (in thousands) December 31, 2016 December 31, 2015 Goodwill Industrial $ 56,447 $ 56,293 Agricultural 3,489 2,984 European 14,889 16,232 Consolidated $ 74,825 $ 75,509 Total Identifiable Assets Industrial $ 339,064 $ 370,642 Agricultural 111,120 110,489 European 102,592 122,372 Consolidated $ 552,776 $ 603,503 INTERNATIONAL OPERATIONS AND GEOGRAPHIC INFORMATION Following is selected financial information on the Company’s international operations which include Europe, Canada and Australia: December 31, (in thousands) 2016 2015 2014 Net sales $ 232,291 $ 243,108 $ 260,874 Income from operations 18,544 9,682 15,840 Income before income taxes 18,720 15,840 17,315 Identifiable assets 167,990 194,839 219,036 Following is other selected geographic financial information on the Company’s operations: December 31, (in thousands) 2016 2015 2014 Geographic net sales: United States $ 615,028 $ 635,923 $ 571,817 United Kingdom 45,184 59,621 58,976 France 79,070 80,762 93,699 Canada 48,357 44,388 54,087 Australia 13,580 13,801 13,702 Other 43,529 45,082 46,774 Total net sales $ 844,748 $ 879,577 $ 839,055 Geographic location of long-lived assets: United States $ 166,707 $ 174,811 $ 168,404 United Kingdom 16,254 20,338 20,840 France 16,772 18,755 21,728 Canada 19,435 21,466 23,354 Australia 1,401 1,189 1,358 Brazil 3,621 2,742 — Total long-lived assets $ 224,190 $ 239,301 $ 235,684 Net sales are attributed to countries based on the location of customers.

International Operations and Ge

International Operations and Geographic Information	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
INTERNATIONAL OPERATIONS AND GEOGRAPHIC INFORMATION	SEGMENT REPORTING The Company has three reportable segments: Industrial, Agricultural and European. The Company’s sales are principally within the United States, United Kingdom, France, Canada and Australia. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets. The Company has included a summary of the financial information by reporting segment. The following table presents the revenues and income from operations by reporting segment for the years ended December 31, 2016 , 2015 , and 2014 : December 31, (in thousands) 2016 2015 2014 Net Revenue Industrial $ 484,088 $ 498,761 $ 436,018 Agricultural 205,834 208,257 214,326 European 154,826 172,559 188,711 Consolidated $ 844,748 $ 879,577 $ 839,055 Income from Operations Industrial $ 35,984 $ 42,194 $ 39,377 Agricultural 20,720 17,295 11,714 European 10,916 7,039 11,573 Consolidated $ 67,620 $ 66,528 $ 62,664 The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2016 and 2015 : (in thousands) December 31, 2016 December 31, 2015 Goodwill Industrial $ 56,447 $ 56,293 Agricultural 3,489 2,984 European 14,889 16,232 Consolidated $ 74,825 $ 75,509 Total Identifiable Assets Industrial $ 339,064 $ 370,642 Agricultural 111,120 110,489 European 102,592 122,372 Consolidated $ 552,776 $ 603,503 INTERNATIONAL OPERATIONS AND GEOGRAPHIC INFORMATION Following is selected financial information on the Company’s international operations which include Europe, Canada and Australia: December 31, (in thousands) 2016 2015 2014 Net sales $ 232,291 $ 243,108 $ 260,874 Income from operations 18,544 9,682 15,840 Income before income taxes 18,720 15,840 17,315 Identifiable assets 167,990 194,839 219,036 Following is other selected geographic financial information on the Company’s operations: December 31, (in thousands) 2016 2015 2014 Geographic net sales: United States $ 615,028 $ 635,923 $ 571,817 United Kingdom 45,184 59,621 58,976 France 79,070 80,762 93,699 Canada 48,357 44,388 54,087 Australia 13,580 13,801 13,702 Other 43,529 45,082 46,774 Total net sales $ 844,748 $ 879,577 $ 839,055 Geographic location of long-lived assets: United States $ 166,707 $ 174,811 $ 168,404 United Kingdom 16,254 20,338 20,840 France 16,772 18,755 21,728 Canada 19,435 21,466 23,354 Australia 1,401 1,189 1,358 Brazil 3,621 2,742 — Total long-lived assets $ 224,190 $ 239,301 $ 235,684 Net sales are attributed to countries based on the location of customers.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Leases The Company leases office space and equipment under various operating leases, which generally are expected to be renewed or replaced by other leases. In 2016, all previously disclosed capital leases ended. The Company did not enter into any new capital leases. As of December 31, 2016 , future minimum lease payments under these non-cancelable leases are: (in thousands) Operating Leases 2017 $ 3,130 2018 2,110 2019 1,241 2020 734 2021 333 Thereafter 36 Total minimum lease payments $ 7,584 Rental expense for operating leases was $ 4,060,000 for 2016 , $ 4,295,000 for 2015 , and $ 3,666,000 for 2014 . Purchase obligations of $ 89,355,000 represent an estimate of goods and services to be purchased under outstanding purchase orders not reflected on the Company’s balance sheet as of December 31, 2016 . New purchase obligations should be received and paid for during the current fiscal year. Other Like other manufacturers, the Company is subject to a broad range of federal, state, local and foreign laws and requirements, including those concerning air emissions, discharges into waterways, and the generation, handling, storage, transportation, treatment and disposal of hazardous substances and waste materials, as well as the remediation of contamination associated with releases of hazardous substances at the Company’s facilities and off-site disposal locations, workplace safety and equal employment opportunities. These laws and regulations are constantly changing, and it is impossible to predict with accuracy the effect that changes to such laws and regulations may have on the Company in the future. Like other industrial concerns, the Company’s manufacturing operations entail the risk of noncompliance, and there can be no assurance that the Company will not incur material costs or other liabilities as a result thereof. The Company knows that its Indianola, Iowa property is contaminated with chromium which most likely resulted from chrome plating operations which were discontinued before the Company purchased the property. Chlorinated volatile organic compounds have also been detected in water samples on the property, though the source is unknown at this time. The Company voluntarily worked with an environmental consultant and the state of Iowa with respect to these issues and believes it completed its remediation program in June 2006. The work was accomplished within the Company’s environmental liability reserve balance. We requested a “no further action” classification from the state. We received a conditional “no further action” letter in January of 2009. When we demonstrate stable or improving conditions below residential standards for a certain period of time by monitoring existing wells, we will request an unconditional “no further action” letter. Alamo Group Inc. and Bush Hog, Inc. were added as defendants in 2013 to litigation by Deere & Company as plaintiff against Bush Hog, LLC (now Duroc, LLC) and Great Plains Manufacturing Incorporated, in which Deere alleged infringement of a mower-related patent. The jury concluded that not only did the defendants not infringe the patent, but that the patent was invalid as well. The Company expensed $2,100,000 in legal fees related to this lawsuit in 2013. Deere & Company appealed and requested a new trial. A hearing on the appeal was held on October 8, 2015. On May 26, 2016 the Federal Circuit Court of Appeals affirmed the lower court ruling and validating the jury’s finding that the defendants did not infringe the patent, and that the Deere & Company patent was invalid. This matter has been finally adjudicated and is no longer subject to further appeal by Deere & Company or any other parties. Certain assets of the Company contain asbestos that may have to be remediated over time. The Company believes that any subsequent change in the liability associated with the asbestos removal will not have a material adverse effect on the Company’s consolidated financial position or results of operations. The Company is subject to various other federal, state, and local laws affecting its business, as well as a variety of regulations relating to such matters as working conditions, equal employment opportunities, and product safety. A variety of state laws regulate the Company’s contractual relationships with its dealers, some of which impose restrictive standards on the relationship between the Company and its dealers, including events of default, grounds for termination, non-renewal of dealer contracts, and equipment repurchase requirements. The Company believes it is currently in material compliance with all such applicable laws and regulations.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (Unaudited)	QUARTERLY FINANCIAL DATA (Unaudited) Summarized quarterly financial data for 2016 and 2015 are presented below. Seasonal influences affect the Company’s sales and profits, with peak business occurring in May through August. (in thousands, except per share amounts) 2016 2015 First Second Third Fourth First Second Third Fourth Sales $ 210,971 $ 211,489 $ 216,766 $ 205,522 $ 207,798 $ 215,734 $ 231,614 $ 224,431 Gross profit 50,277 52,178 54,711 47,933 45,537 50,665 57,509 48,737 Net income 8,659 10,562 13,236 7,588 7,359 9,710 14,756 11,384 Earnings per share Diluted $ 0.75 $ 0.92 $ 1.14 $ 0.65 $ 0.64 $ 0.84 $ 1.28 $ 0.99 Average shares Diluted 11,507 11,550 11,595 11,608 11,436 11,498 11,496 11,500 Dividends per share $ 0.09 $ 0.09 $ 0.09 $ 0.09 $ 0.08 $ 0.08 $ 0.08 $ 0.08 Market price of common stock High $ 61.82 $ 66.01 $ 68.04 $ 78.91 $ 63.39 $ 64.45 $ 55.12 $ 57.51 Low $ 48.26 $ 52.82 $ 61.49 $ 59.55 $ 44.74 $ 48.10 $ 44.48 $ 43.98 The sum of quarterly earnings per share may not equal total year earnings per share due to rounding of earnings per share amounts, and differences in weighted-average shares and equivalent shares outstanding for each of the periods presented.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On February 8, 2017, the Company announced that it had entered into an agreement to acquire substantially all of the assets of Old Dominion Brush Company, Inc. (ODB). ODB manufactures and sells replacement brooms for street sweepers and leaf vacuum units primarily sold to municipalities, contractors and commercial landscape markets. The purchase is expected to close in the near future and is subject to pre-closing requirements.

Significant Accounting Polici27

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of Alamo Group Inc. and its subsidiaries (the “Company” or “Alamo Group”), all of which are wholly owned. All inter-company accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles requires management to make estimates and assumptions that affect the amount of assets, liabilities, revenues, and expenses reported in the financial statements and accompanying notes. Judgments related to asset impairment and certain reserves are particularly subject to change. Actual results could differ from those estimates. Such estimates include, but are not limited to, allowance for doubtful accounts, reserve for sales discounts, estimated realizable value on obsolete and slow-moving inventory, warranty reserve, estimates related to pension accounting; estimates related to fair value for purposes of assessing goodwill, long-lived assets and intangible assets for impairment; estimates related to income taxes; and estimates related to contingencies.
Foreign Currency	Foreign Currency The Company translates the assets and liabilities of foreign-owned subsidiaries at rates in effect at the end of the year. Revenues and expenses are translated at average rates in effect during the reporting period. Translation adjustments are included in accumulated other comprehensive income (loss). The Company enters into foreign currency forward contracts to limit its exposure to certain foreign currency transactions. The Company does not hold or issue financial instruments for trading purposes.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less from the date of purchase to be cash equivalents.
Concentration of Credit Risk	Concentrations of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of accounts receivable. The credit risk is limited because of the large numbers and types of customers and their geographic dispersion.
Inventories	Inventories Inventories of U.S. operating subsidiaries are stated at the lower of cost (last-in, first-out method) (“LIFO”) or market, and the Company’s international subsidiaries’ inventories are stated at the lower of cost (first-in, first-out) (“FIFO”) or market. Inventory costs include those costs directly attributable to products, including raw materials, labor and overhead.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant, and equipment are stated on the basis of cost. Major renewals and betterments are charged to the property accounts while replacements, maintenance and repairs, which do not improve or extend the lives of the respective assets, are expensed to the current period. Depreciation is provided at amounts calculated to amortize the cost of the assets over their estimated useful economic lives using the straight-line method.
Impairment of Long-lived assets	Impairment of Long-Lived Assets Long-lived assets, such as property, plant and equipment, rental equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares non-discounted cash flows expected to be generated by that asset group to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on a non-discounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the estimated fair value of the identifiable net assets acquired. Goodwill is not amortized but is instead tested for impairment at least annually, or whenever events or circumstances change between the annual impairment tests that make it likely that an impairment may have occurred, such as a significant adverse change in the business climate or a decision to sell all or a portion of a reporting unit. The Company performs its annual test for goodwill impairment related to its reporting units on October 1 of each fiscal year. The Company performs a quantitative test for goodwill impairment by comparing the carrying amount of each reporting unit to its estimated fair value. If the carrying amount exceeds the reporting unit’s fair value, there is a potential impairment in goodwill. Any impairment in goodwill is measured by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and comparing the notional goodwill from the fair value allocation to the carrying value of the goodwill.
Intangible Assets	Intangible Assets The Company has intangible assets with both definite and indefinite useful lives. The definite-lived assets are trade names and trademarks, customer and dealer relationships, and patents and drawings that are subject to amortization with useful lives ranging from 12 years to 25 years. Impairment of definite-lived assets is discussed as part of the Impairment of Long-Lived Assets paragraph above. The indefinite-lived assets not subject to amortization consist of trade names. The Company tests its indefinite-lived intangible assets for impairment on an annual basis at year-end, or more frequently if an event occurs or circumstances change that indicate that the fair value of an indefinite-lived intangible asset could be below its carrying amount. The impairment test consists of comparing the fair value of the indefinite-lived intangible asset, determined using the relief from royalty method, with its carrying amount. An impairment loss would be recognized for the carrying amount in excess of its fair value.
Pensions	Pensions The Company records annual amounts relating to its pension and post-retirement plans based on calculations that incorporate various actuarial and other assumptions, including discount rates, mortality, assumed rates of return, compensation increases, turnover rates and health care cost trend rates. The Company reviews its assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is appropriate to do so. The effect of modifications to those assumptions is recorded in accumulated other comprehensive income (loss) and amortized to net periodic cost over future periods using the corridor method. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience and market conditions. The net periodic costs are recognized as employees render the services necessary to earn the post-retirement benefits.
Related Party Transactions	Related Party Transactions There were no reportable relationships or related party transactions for the years ended December 31, 2016 , 2015 , and 2014 .
Revenue Recognition	Revenue Recognition The Company recognizes revenue when each of the following four criteria are met: 1) a contract or sales arrangement exists; 2) products have been shipped per agreed terms and title has been transferred or services have been rendered; 3) the prices of the products or services are fixed or determinable; and 4) collectability is reasonably assured. Pre-season sales orders are solicited in the fall in advance of the dealer’s sales season in the spring and summer. Pre-season sales orders are shipped beginning in the fall and continuing through the spring and represent an opportunity for the Company’s factories to level their production/shipping volumes through the winter months. These pre-season shipments carry descending discounts in conjunction with delayed payment terms of up to eleven months from the dealer’s requested delivery date. Revenue from sales is recorded net of a provision for discounts that are anticipated to be earned and deducted at time of payment by the customer. These approximated discounts are estimated using an average of historical discounts taken and are adjusted as program terms are changed. The reserves for discounts are reviewed and adjusted quarterly. The Company enters into operating lease agreements with customers related to the rental of certain equipment. The rental income is recognized ratably over the term of the leases. Sales taxes collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from revenues in the consolidated statements of operations.
Rental Equipment	Rental Equipment The Company enters into operating lease agreements with customers related to the rental of certain equipment. In accounting for these leases, the cost of the equipment purchased or manufactured by the Company is recorded as an asset, and is depreciated over its estimated useful life.
Shipping and Handling Costs	Shipping and Handling Costs The Company’s policy is to include shipping and handling costs in costs of goods sold.
Advertising	Advertising We charge advertising costs to expense as incurred.
Commitments, Contingencies and Legal Costs	Commitments, Contingencies and Legal Costs Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. The Company's policy is to accrue for legal costs expected to be incurred in connection with loss contingencies.
Federal Income Taxes	Federal Income Taxes Deferred tax assets and liabilities are determined based on differences between the financial reporting basis and tax basis of assets and liabilities, and are measured by applying enacted statutory tax rates applicable to the future years in which deferred tax assets or liabilities are expected to be settled or realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, available tax carry backs and tax planning strategies in making this assessment other than those which we have reserved. Based upon projections of future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that we will realize the benefits of these deductible differences. We do not provide for a U.S. income tax liability on undistributed earnings of our foreign subsidiaries. The earnings of non-U.S. subsidiaries, which reflect full provision for non-U.S. income taxes, are currently indefinitely reinvested in non-U.S. operations.
Stock-based Compensation	Stock-Based Compensation The Company has granted options to purchase its common stock to certain employees and directors of the Company and its affiliates under various stock option plans at no less than the fair market value of the underlying stock on the date of grant. These options are granted for a term not exceeding ten years and are forfeited in the event the employee or director terminates his or her employment or relationship with the Company or one of its affiliates other than by retirement or death. These options generally vest over five years. All option plans contain anti-dilutive provisions that permit an adjustment of the number of shares of the Company’s common stock represented by each option for any change in capitalization. Excess tax benefits or awards that are recognized in equity related to stock option exercises are reflected as cash flows from financing activities in the statement of cash flows. The fair value of each stock option is estimated on the date of grant using the Black-Scholes valuation method with the following assumptions noted: 1. The risk-free rate is based on the U.S. Treasury rate over the expected life of the option at the time of the grant. 2. The dividend yield is calculated as the ratio of dividends paid per share of common stock to the stock price on the date of the grant. 3. The expected volatility factors are based on the historical movement of the Company’s common stock price over the expected life of the option. 4. The expected life is the average length of time in which officers, other employees, and non-employee directors are expected to exercise their options, and which are primarily based on historical experience.
Earnings per Common Share (EPS)	Earnings per Common Share (“EPS”) Basic EPS is computed using the weighted-average number of common shares outstanding during the year. The treasury stock method is used to compute diluted EPS which gives effect to the potential dilution of earnings that could have occurred if additional shares were issued for awards granted under the Company’s incentive stock option plans. The treasury stock method assumes proceeds obtained upon exercise of awards granted under the incentive stock option plans are used to purchase outstanding common stock at the average market price during the period.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. There is a three-tier fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. In fair value, measurements are classified under the following hierarchy: Level 1 – Quoted prices for identical assets or liabilities in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs or significant value-drivers are observable in active markets. Level 3 – Model-derived valuations in which one or more significant inputs or significant value-drivers are unobservable. When measuring fair value, the Company maximizes use of observable inputs and minimizes the use of unobservable inputs. Fair value measurements are classified to the lowest level input or value-driver that is significant to the valuation. A measurement may therefore be classified within Level 3 even though there may be significant inputs that are readily observable. The carrying values of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, approximate fair value because of the short-term nature of these items. The carrying value of our debt approximates the fair value as of December 31, 2016 and 2015 , as the floating rates on our outstanding balances approximate current market rates. This conclusion was made based on Level 2 inputs. Other than the investments held by the retirement benefit plans, as described in Note 13 to the Consolidated Financial Statements, the Company does not have any other significant financial assets or liabilities measured at fair value on a recurring basis. Fair value measurements are also used in connection with nonrecurring valuations performed in connection with impairment assessments and acquisition accounting. In completing the analysis of the fair values of certain assets acquired as part of business acquisitions, discounted cash flow models were used, which were principally based upon internal assumptions. In valuing certain of the acquired intangible assets, we used an excess earnings methodology, which is a form of a discounted cash flow analysis. All of our nonrecurring valuations use significant unobservable inputs and therefore fall under Level 3 of the fair value hierarchy.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company evaluates the collectability of its accounts receivable based on a combination of factors. In circumstances where it is aware of a specific customer’s inability to meet its financial obligations, the Company records a specific reserve to reduce the amounts recorded to what it believes will be collected. The Company evaluates all receivables that are over 60 days old and will reserve specifically on a 90 -day basis. The Company has a secured or insured interest on most of its wholegoods that each customer purchases. This allows the Company, in times of a difficult economy when the customer is unable to pay or has filed for bankruptcy, to repossess its inventory. This also allows Alamo Group, in certain instances, to maintain only a reserve over its cost, which usually represents the margin on the original sales price.
Inventories - Obsolete and Slow Moving	Inventories – Obsolete and Slow Moving The Company had a reserve of $ 7,262,000 on December 31, 2016 and $ 9,675,000 on December 31, 2015 to cover obsolete and slow moving inventory. The decrease in the reserve was mainly from the Company's Industrial Division. The obsolete and slow moving inventory policy states that the reserve is to be calculated as follows: 1) no inventory usage over a three -year period is deemed obsolete and reserved at 100 percent ; and 2) slow moving inventory with little usage requires a 100 percent reserve on items that have a quantity greater than a three -year supply. There are exceptions to the obsolete and slow moving classifications if approved by an officer of the Company, based on specific identification of an item or items that are deemed to be either included or excluded from this classification. In cases where there is no historical data, management makes a judgment based on a specific review of the inventory in question to determine what reserves, if any, are appropriate. New products or parts are generally excluded from the reserve policy until a three -year history has been established.
Warranty	Warranty The Company’s warranty policy is generally to provide its customers warranty for up to one year on all wholegood units and 90 days on parts, though some components can have warranty for longer terms. Warranty reserve, as a percentage of sales, is generally calculated by looking at the current twelve months’ expenses and prorating that amount based on twelve months’ sales with a ninety -day to six -month lag period. The Company’s historical experience is that an end-user takes approximately 90 days to six months from the receipt of the unit to file a warranty claim. A warranty reserve is established for each different marketing group. Reserve balances are evaluated on a quarterly basis and adjustments made when required.
New Accounting Pronouncements	On March 2016, the FASB issued ASU No. 2016-09, "Compensation-Stock Compensation," to simplify the accounting and reporting for employee share-based payments. Currently excess gains on exercises of stock are not expensed as additional expense, but are typically adjusted through the Additional Paid In Capital account. The amendment requires, the expensing of excess gains when they occur. This may result in some fluctuations in our quarterly tax rates. We are adopting beginning in 2017 and the change will be reflected on our consolidated financial statements beginning in fiscal year 2017.

Significant Accounting Polici28

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The Company calculated the fair value for options with the following weighted-average assumptions for 2016 , 2015 , and 2014 : December 31, 2016 2015 2014 Risk-free interest rate 1.54 % 2.00 % 2.24 % Dividend yield 0.6 % 0.6 % 0.5 % Volatility factors 48.5 % 48.8 % 48.2 % Weighted-average expected life 8.0 years 8.0 years 8.0 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share. Net income for basic and diluted calculations does not differ. (in thousands, except per share amounts) 2016 2015 2014 Net income $ 40,045 $ 43,209 $ 41,151 Average common shares: Basic (weighted-average outstanding shares) 11,434 11,349 11,875 Dilutive potential common shares from stock options 131 133 164 Diluted (weighted-average outstanding shares) 11,565 11,482 12,039 Basic earnings per share $ 3.50 $ 3.81 $ 3.47 Diluted earnings per share $ 3.46 $ 3.76 $ 3.42

Valuation and Qualifying Acco30

Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule Of Valuation And Qualifying Accounts	Valuation and qualifying accounts included the following: (in thousands) Balance Beginning of Year Net Charged to Costs and Expenses Translations, Reclassifications and Acquisitions Net Write-Offs or Discounts Taken Balance End of Year 2016 Allowance for doubtful accounts $ 3,484 $ 482 $ 101 $ (1,566 ) $ 2,501 Reserve for sales discounts 15,094 77,126 (109 ) (78,623 ) 13,488 Reserve for inventory obsolescence 9,675 2,041 295 (4,749 ) 7,262 Reserve for warranty 5,566 7,867 (49 ) (8,122 ) 5,262 2015 Allowance for doubtful accounts $ 2,853 $ 965 $ (185 ) $ (149 ) $ 3,484 Reserve for sales discounts 15,999 78,304 (145 ) (79,064 ) 15,094 Reserve for inventory obsolescence 7,601 5,209 (454 ) (2,681 ) 9,675 Reserve for warranty 5,913 7,732 (325 ) (7,754 ) 5,566 2014 Allowance for doubtful accounts $ 2,738 $ 469 $ (153 ) $ (201 ) $ 2,853 Reserve for sales discounts 16,724 79,877 (98 ) (80,504 ) 15,999 Reserve for inventory obsolescence 8,596 2,938 (297 ) (3,636 ) 7,601 Reserve for warranty 4,994 7,467 843 (7,391 ) 5,913

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consisted of the following on a cost basis, net of reserves: December 31, (in thousands) 2016 2015 Finished goods and parts $ 116,667 $ 129,995 Work in process 9,431 9,561 Raw materials 9,662 11,202 $ 135,760 $ 150,758

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consist of the following: December 31, (in thousands) 2016 2015 Useful Lives Land $ 9,063 $ 9,478 Buildings and improvements 75,610 73,828 5-20 yrs. Machinery and equipment 71,028 70,791 3-10 yrs. Office furniture and equipment 7,165 7,128 3-7 yrs. Computer software 11,889 11,298 3-7 yrs. Transportation equipment 5,286 5,521 3 yrs. 180,041 178,044 Accumulated depreciation (113,412 ) (107,094 ) $ 66,629 $ 70,950

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the twelve months ended December 31, 2014 , 2015 , and 2016 are as follows: (in thousands) Balance at December 31, 2013 $ 32,073 Translation adjustment (2,217 ) Goodwill acquired 45,835 Balance at December 31, 2014 $ 75,691 Translation adjustment (3,181 ) Goodwill acquired $ 2,999 Balance at December 31, 2015 $ 75,509 Translation adjustment (684 ) Balance at December 31, 2016 $ 74,825

Definite- and Indefinite-Live34

Definite- and Indefinite-Lived Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite Lived Intangible Assets	The following is a summary of both the Company's definite- and indefinite-lived intangible assets net of the accumulated amortization: (in thousands) Estimated Useful Lives December 31, December 31, 2015 Definite: Trade names and trademarks 25 years $ 21,914 $ 21,878 Customer and dealer relationships 14 years 28,822 28,715 Patents and drawings 12 years 1,954 1,893 Total at cost 52,690 52,486 Less accumulated amortization (8,152 ) (5,036 ) Total net 44,538 47,450 Indefinite: Trade names and trademarks 5,500 5,500 Total Intangible Assets $ 50,038 $ 52,950

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following balances: December 31, (in thousands) 2016 2015 Salaries, wages and bonuses $ 19,368 $ 19,270 Warranty 5,262 5,566 State taxes 2,284 2,180 Other 6,244 11,125 $ 33,158 $ 38,141

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Components of Long-Term Debt	The components of long-term debt are as follows: December 31, (in thousands) 2016 2015 Bank revolving credit facility $ 70,000 $ 144,000 Capital lease obligations — 23 Other notes payable 90 60 Total debt 70,090 144,083 Less current maturities 73 77 Total long-term debt $ 70,017 $ 144,006

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	The jurisdictional components of income before taxes consist of the following: December 31, (in thousands) 2016 2015 2014 Income before income taxes: Domestic $ 44,446 $ 52,313 $ 43,345 Foreign 17,743 14,554 17,260 $ 62,189 $ 66,867 $ 60,605
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) consist of the following: December 31, (in thousands) 2016 2015 2014 Current: Domestic $ 11,958 $ 13,293 $ 13,495 Foreign 5,491 4,614 3,382 State 2,075 2,947 2,685 19,524 20,854 19,562 Deferred: Domestic 1,580 3,481 (600 ) Foreign 934 (718 ) 540 State 106 41 (48 ) 2,620 2,804 (108 ) Total income taxes $ 22,144 $ 23,658 $ 19,454
Schedule of Effective Income Tax Rate Reconciliation	The difference between income tax expense (benefit) for financial statement purposes and the amount of income tax expense computed by applying the domestic statutory income tax rate of 35% to income before income taxes consists of the following: December 31, (in thousands) 2016 2015 2014 Domestic statutory rate at 35% $ 21,766 $ 23,403 $ 21,212 Increase (reduction) from: Jurisdictional rate differences (1,936 ) (2,192 ) (2,119 ) Valuation allowance 1,731 797 353 Stock based compensation 275 257 199 U.S. state taxes 1,295 1,942 1,649 Domestic production deduction (618 ) (518 ) (1,321 ) R&D credit (329 ) (475 ) (614 ) Other, net (40 ) 444 95 Provision for income taxes $ 22,144 $ 23,658 $ 19,454 Effective tax rate 36 % 35 % 32 %
Schedule of Deferred Tax Assets and Liabilities	The components of the Company’s deferred income tax assets and liabilities consist of the following: December 31, (in thousands) 2016 2015 Deferred income tax assets: Inventory basis difference $ 1,568 $ 2,241 Accounts receivable reserve 231 529 Depreciation — 110 Stock based compensation 937 968 Pension liability 3,947 2,481 Employee benefit accrual 1,481 2,038 Product liability and warranty reserves 1,600 1,517 Expenses not currently deductible for tax purposes 28 60 Foreign net operating loss 3,513 2,726 State net operating loss 102 49 Other 94 194 Total deferred income tax assets $ 13,501 $ 12,913 Less: Valuation allowance (3,382 ) (1,651 ) Net deferred income tax assets $ 10,119 $ 11,262 Deferred income tax liabilities: Inventory basis differences $ (16 ) $ (310 ) Depreciation (5,289 ) (4,624 ) Intangible assets (10,046 ) (7,934 ) Deferred revenue — — Expenses not currently deductible for tax purposes (593 ) (642 ) Total deferred income tax liabilities $ (15,944 ) $ (13,510 ) Net deferred income taxes $ (5,825 ) $ (2,248 )
Schedule of Unrecognized Tax Benefits Roll Forward	December 31, 2016 2015 Balance as of beginning of year $ 301,000 $ 388,000 Additions for tax positions related to the current year 51,000 63,000 Additions for tax positions related to prior years — — Reduction due to lapse of statute of limitations (117,000 ) (150,000 ) Balance as of end of year $ 235,000 $ 301,000

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Following is a summary of activity in the Restricted Stock Awards for the periods indicated: 2016 2015 2014 Shares Exercise Price* Shares Exercise Price* Shares Exercise Price* Options outstanding at beginning of year 32,616 $ 53.31 12,043 $ 44.10 10,724 $ 32.49 Granted 27,440 55.17 26,004 54.14 6,000 53.51 Exercised (11,909 ) 52.67 (5,431 ) 36.85 (4,681 ) 29.56 Canceled (2,526 ) 53.57 — — — — Options outstanding at end of year 45,621 54.58 32,616 53.31 12,043 44.10 *Weighted Averages
Qualified Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Stock Options, Activity	Following is a summary of activity in the Incentive Stock Option Plans for the periods indicated: 2016 2015 2014 Shares Exercise Price* Shares Exercise Price* Shares Exercise Price* Options outstanding at beginning of year 254,195 $ 34.64 301,800 $ 30.73 292,350 $ 26.68 Granted 21,000 54.87 29,500 53.95 48,250 52.67 Exercised (43,775 ) 26.59 (75,355 ) 26.11 (27,700 ) 24.33 Canceled (10,600 ) 50.68 (1,750 ) 53.61 (11,100 ) 35.42 Options outstanding at end of year 220,820 37.39 254,195 34.64 301,800 30.73 Options exercisable at end of year 136,220 $ 29.66 143,345 $ 25.69 172,450 $ 22.30 Options available for grant at end of year 353,450 370,750 28,950 *Weighted Averages
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	Options outstanding and exercisable at December 31, 2016 were as follows: Qualified Stock Options Options Outstanding Options Exercisable Shares Remaining Contractual Life (yrs)* Exercise Price* Shares Exercise Price* Range of Exercise Price $11.45 - $22.55 44,320 2.03 $ 15.08 44,320 $ 15.08 $24.69 - $42.70 96,350 5.30 $ 34.07 73,750 $ 32.64 $49.44 - $54.87 80,150 8.21 $ 53.72 18,150 $ 53.17 Total 220,820 136,220 *Weighted Averages
Non Qualified Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Stock Options, Activity	Following is a summary of activity in the Non-Qualified Stock Option Plans for the periods indicated: 2016 2015 2014 Shares Exercise Price* Shares Exercise Price* Shares Exercise Price* Options outstanding at beginning of year 127,300 $ 32.05 132,100 $ 31.30 114,700 $ 24.87 Granted — — — — 29,000 53.51 Exercised (14,900 ) 13.73 (4,800 ) 11.45 (11,600 ) 23.29 Canceled — — — — — — Options outstanding at end of year 112,400 34.48 127,300 32.05 132,100 31.30 Options exercisable at end of year 85,000 $ 29.61 83,100 $ 24.54 71,100 $ 19.85 Options available for grant at end of year 207,608 232,522 258,526 *Weighted Averages
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	Options outstanding and exercisable as of December 31, 2016 were as follows: Non-Qualified Stock Options Options Outstanding Options Exercisable Shares Remaining Contractual Life (yrs)* Exercise Price* Shares Exercise Price* Range of Exercise Price $11.45 - $22.55 18,400 2.36 $ 11.45 18,400 $ 11.45 $24.69 - $42.70 65,000 4.51 32.50 55,000 30.65 $49.44 - $54.87 29,000 7.37 $ 53.51 11,600 $ 53.51 Total 112,400 85,000 *Weighted Averages

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Schedule of Defined Benefit Plans Disclosures	The following tables set forth the change in plan assets, change in projected benefit obligation, rate assumptions and components of net periodic benefit cost as of December 31 with respect to these plans. The measurement dates of the assets and liabilities of both plans were December 31 of the respective years presented. Year Ended December 31, 2016 (in thousands) Hourly Employees’ Retirement Plan Total Change in projected benefit obligation Benefit obligation at beginning of year $ 9,649 $ 20,561 $ 30,210 Service cost 8 4 12 Interest cost 401 886 1,287 Liability actuarial (gain) loss (148 ) 204 56 Benefits paid (575 ) (868 ) (1,443 ) Settlements (9,335 ) — (9,335 ) Benefit obligation at end of year — 20,787 20,787 Change in fair value of plan assets Fair value of plan assets at beginning of year 9,019 16,692 25,711 Return on plan assets 119 1,284 1,403 Employer contributions 772 750 1,522 Benefits paid (575 ) (868 ) (1,443 ) Settlements (9,335 ) — (9,335 ) Fair value of plan assets at end of year — 17,858 17,858 Underfunded status – December 31, 2016 $ — $ (2,929 ) $ (2,929 ) Year Ended December 31, 2015 (in thousands) Hourly Employees’ Pension Plan Employees’ Retirement Plan Total Change in projected benefit obligation Benefit obligation at beginning of year $ 10,456 $ 21,595 $ 32,051 Service cost 9 4 13 Interest cost 405 868 1,273 Liability actuarial (gain) (574 ) (1,125 ) (1,699 ) Benefits paid (647 ) (781 ) (1,428 ) Benefit obligation at end of year 9,649 20,561 30,210 Change in fair value of plan assets Fair value of plan assets at beginning of year 9,223 17,114 26,337 Return on plan assets (149 ) (273 ) (422 ) Employer contributions 592 632 1,224 Benefits paid (647 ) (781 ) (1,428 ) Fair value of plan assets at end of year 9,019 16,692 25,711 Underfunded status – December 31, 2015 $ (630 ) $ (3,869 ) $ (4,499 )
Schedule of Assumptions Used	Assumptions used to determine benefit obligations at December 31: Hourly Employees’ Pension Plan Employees’ Retirement Plan 2016 2015 2016 2015 Discount rate N/A 4.30% 4.10% 4.40% Composite rate of compensation increase N/A N/A N/A N/A Assumptions used to determine net periodic benefit cost for the years ended December 31: Hourly Employees’ Pension Plan Employees’ Retirement Plan 2016 2015 2016 2015 Discount rate 4.30% 4.00% 4.40% 4.10% Long-term rate of return on plan assets 7.25% 7.25% 7.25% 7.25% Composite rate of compensation increase N/A N/A N/A N/A
Schedule of Net Benefit Costs	The following tables present the components of net periodic benefit cost (gains are denoted with parentheses and losses are not): Year Ended December 31, 2016 (in thousands) Hourly Employees’ Pension Plan Employees’ Retirement Plan Total Service cost $ 8 $ 4 $ 12 Interest cost 401 886 1,287 Expected return on plan assets (648 ) (1,196 ) (1,844 ) Amortization of net loss 284 440 724 Recognition of Settlement 2,889 — 2,889 Net periodic benefit cost $ 2,934 $ 134 $ 3,068 Year Ended December 31, 2015 (in thousands) Hourly Employees’ Pension Plan Employees’ Retirement Plan Total Service cost $ 9 $ 4 $ 13 Interest cost 405 868 1,273 Expected return on plan assets (661 ) (1,229 ) (1,890 ) Amortization of net loss 248 401 649 Net periodic benefit cost $ 1 $ 44 $ 45
Schedule of Allocation of Plan Assets	The pension plans' weighted-average asset allocations as a percentage of plan assets at December 31 are as follows: Hourly Employees’ Pension Plan Employees’ Retirement Plan 2016 2015 2016 2015 Equity securities —% 55% 54% 55% Debt securities —% 37% 38% 37% Short-term investments —% 3% 3% 3% Other —% 5% 5% 5% Total —% 100% 100% 100%
Fair Value, Assets Measured on Recurring Basis	The following table presents the hierarchy levels for our postretirement benefit plan investments as of December 31 as described in Note 1 to the Consolidated Financial Statements: December 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Mutual Funds: Mid Cap $ 680 $ 680 $ — $ — Large Cap 3,553 3,553 — — International 2,010 2,010 — — Common/Collective: Liability Driven Solution 2,522 — 2,522 — Wells Fargo BlackRock International Equity 727 — 727 — Wells Fargo Core Bond 1,254 — 1,254 — Wells Fargo/Causeway 741 — 741 — Wells Fargo BlackRock Large Cap Growth Index Fund 1,009 — 1,009 — Wells Fargo BlackRock Large Cap Value Index Fund 1,006 — 1,006 — Wells Fargo Multi-Manager Small Cap 1,189 — 1,189 — Wells Fargo Russell 2000 Index Fund 560 — 560 — Wells Fargo S&P Mid Cap Index Fund 630 — 630 — Wells Fargo/MFS Value CIT F 501 — 501 — Wells Fargo/T. Rowe Price I Large-Cap Growth Managed CIT 505 — 505 — T. Rowe Price Equity Income 504 — 504 — Cash & Short-term Investments 467 467 — — Total $ 17,858 $ 6,710 $ 11,148 $ — December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Mutual Funds: Mid Cap $ 1,623 $ 1,623 $ — $ — Large Cap 4,411 4,411 — — International 2,915 2,915 — — Common/Collective: Liability Driven Solution 3,543 — 3,543 — Wells Fargo International Equity Index Fund 1,080 — 1,080 — Wells Fargo Core Bond 1,774 — 1,774 — Wells Fargo/Causeway 1,112 — 1,112 — Wells Fargo Large Cap Growth Index Fund 1,429 — 1,429 — Wells Fargo Large Cap Value Index Fund 1,415 — 1,415 — Wells Fargo Multi-Manager Small Cap 1,707 — 1,707 — Wells Fargo Russell 2000 Index Fund 800 — 800 — Wells Fargo S&P Mid Cap Index Fund 942 — 942 — Wells Fargo/MFS Value CIT F 736 — 736 — Wells Fargo/T. Rowe Price I Large-Cap Growth Managed CIT 749 — 749 — T. Rowe Price Equity Income 738 — 738 — Cash & Short-term Investments 737 737 — — Total $ 25,711 $ 9,686 $ 16,025 $ —
Schedule of Expected Benefit Payments	The following table illustrates the estimated pension benefit payments that are projected to be paid: (in thousands) Employees’ Retirement Plan 2017 $ 1,033 2018 1,130 2019 1,149 2020 1,192 2021 1,249 Years 2022 through 2026 6,473
Supplemental Employee Retirement Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used	Assumptions used to determine benefit obligations at December 31: 2016 2015 Discount rate 3.85% 4.05% Composite rate of compensation increase 3.00% 3.00% Assumptions used to determine net periodic benefit cost for the years ended December 31: 2016 2015 Discount rate 4.05% 3.70% Composite rate of compensation increase 3.00% 3.00% Long-term rate of return on plan assets N/A N/A
Schedule of Net Benefit Costs	The components of net periodic pension expense were as follows, in thousands: Year Ended December 31, (in thousands) 2016 2015 Service cost $ 176 $ 121 Interest cost 175 137 Amortization of prior service cost 364 342 Net periodic benefit cost $ 715 $ 600
Schedule of Expected Benefit Payments	Future estimated benefits expected to be paid from the plan over the next ten years as follows in thousands: 2017 $ 174 2018 287 2019 290 2020 310 2021 312 Years 2022 through 2026 2,114
Schedule of Defined Benefit Plans Disclosures	The change in the Projected Benefit Obligation (PBO) as of December 31, 2016 and 2015 , is shown below, in thousands: Year Ended December 31, (in thousands) 2016 2015 Benefit obligation at January 1, $ 3,962 $ 3,732 Service cost 176 121 Interest cost 175 137 Liability actuarial loss (gain) 183 (24 ) Benefits Paid (67 ) (4 ) Plan amendments 958 — Benefit obligation at December 31, $ 5,387 $ 3,962

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents the revenues and income from operations by reporting segment for the years ended December 31, 2016 , 2015 , and 2014 : December 31, (in thousands) 2016 2015 2014 Net Revenue Industrial $ 484,088 $ 498,761 $ 436,018 Agricultural 205,834 208,257 214,326 European 154,826 172,559 188,711 Consolidated $ 844,748 $ 879,577 $ 839,055 Income from Operations Industrial $ 35,984 $ 42,194 $ 39,377 Agricultural 20,720 17,295 11,714 European 10,916 7,039 11,573 Consolidated $ 67,620 $ 66,528 $ 62,664 The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2016 and 2015 : (in thousands) December 31, 2016 December 31, 2015 Goodwill Industrial $ 56,447 $ 56,293 Agricultural 3,489 2,984 European 14,889 16,232 Consolidated $ 74,825 $ 75,509 Total Identifiable Assets Industrial $ 339,064 $ 370,642 Agricultural 111,120 110,489 European 102,592 122,372 Consolidated $ 552,776 $ 603,503

International Operations and 41

International Operations and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Following is selected financial information on the Company’s international operations which include Europe, Canada and Australia: December 31, (in thousands) 2016 2015 2014 Net sales $ 232,291 $ 243,108 $ 260,874 Income from operations 18,544 9,682 15,840 Income before income taxes 18,720 15,840 17,315 Identifiable assets 167,990 194,839 219,036
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	Following is other selected geographic financial information on the Company’s operations: December 31, (in thousands) 2016 2015 2014 Geographic net sales: United States $ 615,028 $ 635,923 $ 571,817 United Kingdom 45,184 59,621 58,976 France 79,070 80,762 93,699 Canada 48,357 44,388 54,087 Australia 13,580 13,801 13,702 Other 43,529 45,082 46,774 Total net sales $ 844,748 $ 879,577 $ 839,055 Geographic location of long-lived assets: United States $ 166,707 $ 174,811 $ 168,404 United Kingdom 16,254 20,338 20,840 France 16,772 18,755 21,728 Canada 19,435 21,466 23,354 Australia 1,401 1,189 1,358 Brazil 3,621 2,742 — Total long-lived assets $ 224,190 $ 239,301 $ 235,684

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule	As of December 31, 2016 , future minimum lease payments under these non-cancelable leases are: (in thousands) Operating Leases 2017 $ 3,130 2018 2,110 2019 1,241 2020 734 2021 333 Thereafter 36 Total minimum lease payments $ 7,584

Quarterly Financial Data (Una43

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Summarized quarterly financial data for 2016 and 2015 are presented below. Seasonal influences affect the Company’s sales and profits, with peak business occurring in May through August. (in thousands, except per share amounts) 2016 2015 First Second Third Fourth First Second Third Fourth Sales $ 210,971 $ 211,489 $ 216,766 $ 205,522 $ 207,798 $ 215,734 $ 231,614 $ 224,431 Gross profit 50,277 52,178 54,711 47,933 45,537 50,665 57,509 48,737 Net income 8,659 10,562 13,236 7,588 7,359 9,710 14,756 11,384 Earnings per share Diluted $ 0.75 $ 0.92 $ 1.14 $ 0.65 $ 0.64 $ 0.84 $ 1.28 $ 0.99 Average shares Diluted 11,507 11,550 11,595 11,608 11,436 11,498 11,496 11,500 Dividends per share $ 0.09 $ 0.09 $ 0.09 $ 0.09 $ 0.08 $ 0.08 $ 0.08 $ 0.08 Market price of common stock High $ 61.82 $ 66.01 $ 68.04 $ 78.91 $ 63.39 $ 64.45 $ 55.12 $ 57.51 Low $ 48.26 $ 52.82 $ 61.49 $ 59.55 $ 44.74 $ 48.10 $ 44.48 $ 43.98

Significant Accounting Polici44

Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Accounting Policies [Line Items]
Number of principal reporting segments | segment	3
Period of delayed payment terms	11 months
Accumulated depreciation relating to rental equipment	$ 113,412	$ 107,094
Options
Accounting Policies [Line Items]
Award vesting period (years)	5 years
Minimum
Accounting Policies [Line Items]
Estimated useful lives	12 years
Maximum
Accounting Policies [Line Items]
Estimated useful lives	25 years
Option term (years)	10 years
Rental Equipment
Accounting Policies [Line Items]
Accumulated depreciation relating to rental equipment	$ 10,430	8,322
Selling, General and Administrative expenses
Accounting Policies [Line Items]
Advertising expense	7,742	7,670	$ 7,368
Product development and engineering costs	8,847	$ 8,590	$ 8,427
Pension Plans, Defined Benefit
Accounting Policies [Line Items]
Amount expenses of accumulated pension actuarial losses	2,889
Pension Plans, Defined Benefit | Hourly Employees’ Pension Plan
Accounting Policies [Line Items]
Amount of final contribution	622
Amount expenses of accumulated pension actuarial losses	2,889
Foreign Currency Forward
Accounting Policies [Line Items]
Outstanding forward exchange contracts related to sales	$ 1,384

Significant Accounting Polici45

Significant Accounting Policies (Schedule of Fair Value Assumptions and Methodology) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Risk-free interest rate (percentage)	1.54%	2.00%	2.24%
Dividend yield (percentage)	0.60%	0.60%	0.50%
Volatility factors (percentage)	48.50%	48.80%	48.20%
Weighted-average expected life	8 years	8 years	8 years

Earnings Per Share (Calculation

Earnings Per Share (Calculation of Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Net income	$ 7,588	$ 13,236	$ 10,562	$ 8,659	$ 11,384	$ 14,756	$ 9,710	$ 7,359	$ 40,045	$ 43,209	$ 41,151
Average common shares:
Basic (weighted-average outstanding shares)									11,434,000	11,349,000	11,875,000
Dilutive potential common shares from stock options (in shares)									131,000	133,000	164,000
Diluted (weighted-average outstanding shares)	11,608,000	11,595,000	11,550,000	11,507,000	11,500,000	11,496,000	11,498,000	11,436,000	11,565,000	11,482,000	12,039,000
Basic earnings per share (in dollars per share)									$ 3.50	$ 3.81	$ 3.47
Diluted earnings per share (in dollars per share)	$ 0.65	$ 1.14	$ 0.92	$ 0.75	$ 0.99	$ 1.28	$ 0.84	$ 0.64	$ 3.46	$ 3.76	$ 3.42
Stock options excluded from diluted earnings per share calculation (in shares)									21,491	61,690	37,261

Valuation and Qualifying Acco47

Valuation and Qualifying Accounts (Schedule of Valuation and Qualifying Accounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning of Year	$ 3,484	$ 2,853	$ 2,738
Net Charged to Costs and Expenses	482	965	469
Translations, Reclassifications and Acquisitions	101	(185)	(153)
Net Write-Offs or Discounts Taken	(1,566)	(149)	(201)
Balance End of Year	2,501	3,484	2,853
Reserve for sales discounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning of Year	15,094	15,999	16,724
Net Charged to Costs and Expenses	77,126	78,304	79,877
Translations, Reclassifications and Acquisitions	(109)	(145)	(98)
Net Write-Offs or Discounts Taken	(78,623)	(79,064)	(80,504)
Balance End of Year	13,488	15,094	15,999
Reserve for inventory obsolescence
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning of Year	9,675	7,601	8,596
Net Charged to Costs and Expenses	2,041	5,209	2,938
Translations, Reclassifications and Acquisitions	295	(454)	(297)
Net Write-Offs or Discounts Taken	(4,749)	(2,681)	(3,636)
Balance End of Year	7,262	9,675	7,601
Reserve for warranty
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance Beginning of Year	5,566	5,913	4,994
Net Charged to Costs and Expenses	7,867	7,732	7,467
Translations, Reclassifications and Acquisitions	(49)	(325)	843
Net Write-Offs or Discounts Taken	(8,122)	(7,754)	(7,391)
Balance End of Year	$ 5,262	$ 5,566	$ 5,913

Valuation and Qualifying Acco48

Valuation and Qualifying Accounts (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables aging period	60 days
Accounts receivable reserve period	90 days
Allowance for doubtful accounts	$ 2,501	$ 3,484
Reserves for sales discounts	13,488	15,094
Inventory obsolescence reserves	$ 7,262	9,675
Inventory usage period	3 years
Inventory reserve percentage	100.00%
Product warranty accrual period of expenses used in calculation	12 months
Product warranty accrual period for sales used in calculation	12 months
Warranty	$ 5,262	$ 5,566
Parts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Product warranty period	90 days
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales discount percentage of customers who qualify for each program that discount available	90.00%
Product warranty accrual lag period	90 days
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales discount percentage of customers who qualify for each program that discount available	95.00%
Product warranty accrual lag period	6 months
Maximum | Wholegood Units
Accounts, Notes, Loans and Financing Receivable [Line Items]
Product warranty period	1 year

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Percentage of LIFO inventory	49.00%	45.00%
Excess of current costs over stated LIFO value	$ 8,123	$ 8,712

Inventories (Schedule of Invent

Inventories (Schedule of Inventory, Current) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished goods and parts	$ 116,667	$ 129,995
Work in process	9,431	9,561
Raw materials	9,662	11,202
Inventory, Net	$ 135,760	$ 150,758

Property, Plant and Equipment51

Property, Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 180,041	$ 178,044
Less: Accumulated depreciation	(113,412)	(107,094)
Property, plant and equipment, net	66,629	70,950
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment	9,063	9,478
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 75,610	73,828
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	20 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 71,028	70,791
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	10 years
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 7,165	7,128
Office furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Office furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Computer software
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 11,889	11,298
Computer software | Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Computer software | Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Transportation equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 5,286	$ 5,521
Useful Lives	3 years

Property, Plant and Equipment52

Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Capital leases	$ 0	$ 182
Accumulated depreciation related to capital leases	$ 0	$ (92)

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Goodwill, balance at the beginning of the period	$ 75,509	$ 75,691	$ 32,073
Translation adjustment	(684)	(3,181)	(2,217)
Goodwill acquired		2,999	45,835
Goodwill, balance at the end of the period	$ 74,825	$ 75,509	$ 75,691

Definite- and Indefinite-Live54

Definite- and Indefinite-Lived Intangible Assets (Schedule of Definite and Indefinite Lived Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Definite:	$ 52,690	$ 52,486
Less accumulated amortization	(8,152)	(5,036)
Total net	44,538	47,450
Intangible assets, net	50,038	52,950
Trade names and trademarks
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Indefinite:	$ 5,500	5,500
Trade names and trademarks
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Estimated Useful Lives	25 years
Definite:	$ 21,914	21,878
Less accumulated amortization	$ (2,306)
Customer and dealer relationships
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Estimated Useful Lives	14 years
Definite:	$ 28,822	28,715
Less accumulated amortization	$ (5,426)
Patents and drawings
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Estimated Useful Lives	12 years
Definite:	$ 1,954	$ 1,893
Less accumulated amortization	$ (420)

Definite- and Indefinite-Live55

Definite- and Indefinite-Lived Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Accumulated amortization	$ 8,152	$ 5,036
2,017	3,104
2,018	3,104
2,019	3,104
2,020	3,104
2,021	3,104
Trade names and trademarks
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Carrying values of indefinite lived trade names	5,500	$ 5,500
Trade Names | Gradall
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Carrying values of indefinite lived trade names	3,600
Trade Names | Bush Hog
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Carrying values of indefinite lived trade names	1,900
Trade names and trademarks
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Net carrying value of intangibles with definite useful lives	19,608
Accumulated amortization	2,306
Customer and dealer relationships
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Net carrying value of intangibles with definite useful lives	23,396
Accumulated amortization	5,426
Patents and drawings
Schedule of Acquired Indefinite-lived and Finite Intangible Assets by Major Class [Line Items]
Net carrying value of intangibles with definite useful lives	1,534
Accumulated amortization	$ 420

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Salaries, wages and bonuses	$ 19,368	$ 19,270
Warranty	5,262	5,566
State taxes	2,284	2,180
Other	6,244	11,125
Accrued liabilities	$ 33,158	$ 38,141

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt	$ 70,090	$ 144,083
Less current maturities	73	77
Total long-term debt	70,017	144,006
Capital lease obligations
Debt Instrument [Line Items]
Total debt	0	23
Other notes payable
Debt Instrument [Line Items]
Total debt	90	60
Bank revolving credit facility | Amended and Restated Revolving Credit Agreement | Unsecured Debt
Debt Instrument [Line Items]
Total debt	$ 70,000	$ 144,000

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Amount outstanding under revolving credit facility	$ 70,090,000	$ 144,083,000
2,017	73,000
2,018	17,000
2,019	0
2,020	0
Thereafter	70,000,000
Amended and Restated Revolving Credit Agreement | Bank revolving credit facility | Unsecured Debt
Debt Instrument [Line Items]
Aggregate commitments	250,000,000
Maximum amount of aggregate commitments	50,000,000
Amount outstanding under revolving credit facility	70,000,000	$ 144,000,000
Available borrowings	178,286,000
Amended and Restated Revolving Credit Agreement | Standby Letters of Credit | Unsecured Debt
Debt Instrument [Line Items]
Amount of capacity	$ 1,714,000

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income (Loss) before Provision for Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Domestic	$ 44,446	$ 52,313	$ 43,345
Foreign	17,743	14,554	17,260
Income before income taxes	$ 62,189	$ 66,867	$ 60,605

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Domestic	$ 11,958	$ 13,293	$ 13,495
Foreign	5,491	4,614	3,382
State	2,075	2,947	2,685
Provision for current income tax expense (benefit)	19,524	20,854	19,562
Deferred:
Domestic	1,580	3,481	(600)
Foreign	934	(718)	540
State	106	41	(48)
Provision for deferred income tax expense (benefit)	2,620	2,804	(108)
Total income taxes	$ 22,144	$ 23,658	$ 19,454

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Federal statutory percentage rate	35.00%	35.00%	35.00%
Undistributed earnings of foreign subsidiaries	$ 173,844
Additional unrecognized tax benefit that would affect our annual effective tax rate	$ 235	$ 301
Federal
Operating Loss Carryforwards [Line Items]
Federal statutory percentage rate	35.00%
Foreign
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards with unlimited carryforward period	$ 10,200
Net operating loss carryforwards expiring in 2035	900
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 2,600

Income Taxes (Income Tax Reconc

Income Taxes (Income Tax Reconciliation) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Federal statutory percentage rate	35.00%	35.00%	35.00%
Domestic statutory rate at 35%	$ 21,766,000	$ 23,403,000	$ 21,212,000
Increase (reduction) from:
Jurisdictional rate differences	(1,936,000)	(2,192,000)	(2,119,000)
Valuation allowance	1,731,000	797,000	353,000
Stock based compensation	275,000	257,000	199,000
U.S. state taxes	1,295,000	1,942,000	1,649,000
Domestic production deduction	(618,000)	(518,000)	(1,321,000)
R&D credit	(329,000)	(475,000)	(614,000)
Other, net	(40,000)	444,000	95,000
Total income taxes	$ 22,144,000	$ 23,658,000	$ 19,454,000
Effective tax percentage rate	36.00%	35.00%	32.00%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred income tax assets:
Inventory basis difference	$ 1,568	$ 2,241
Accounts receivable reserve	231	529
Depreciation	0	110
Stock based compensation	937	968
Pension liability	3,947	2,481
Employee benefit accrual	1,481	2,038
Product liability and warranty reserves	1,600	1,517
Expenses not currently deductible for tax purposes	28	60
Foreign net operating loss	3,513	2,726
State net operating loss	102	49
Other	94	194
Total deferred income tax assets	13,501	12,913
Less: Valuation allowance	(3,382)	(1,651)
Net deferred income tax assets	10,119	11,262
Deferred income tax liabilities:
Inventory basis differences	(16)	(310)
Depreciation	(5,289)	(4,624)
Intangible assets	(10,046)	(7,934)
Deferred revenue	0	0
Expenses not currently deductible for tax purposes	(593)	(642)
Total deferred income tax liabilities	(15,944)	(13,510)
Net deferred income taxes	$ (5,825)	$ (2,248)

Income Taxes (Schedule of Unrec

Income Taxes (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance as of beginning of year	$ 301	$ 388
Additions for tax positions related to the current year	51	63
Additions for tax positions related to prior years	0	0
Reduction due to lapse of statute of limitations	(117)	(150)
Balance as of end of year	$ 235	$ 301

Common Stock (Details)

Common Stock (Details) - $ / shares

Jan. 27, 2017

Jan. 03, 2017

Sep. 25, 2014

Sep. 24, 2014

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Class of Stock [Line Items]

Dividends declared (in dollars per share)

$ 0.09

$ 0.09

$ 0.09

$ 0.09

$ 0.08

$ 0.08

$ 0.08

$ 0.08

Dividends paid (in dollars per share)

$ 0.36

$ 0.32

$ 0.28

Subsequent Event

Class of Stock [Line Items]

Dividends declared (in dollars per share)

$ 0.10

Dividends paid (in dollars per share)

$ 0.10

Share Repurchase Agreement with Capital Southwest Corporation and Capital Southwest Venture Corporation

Class of Stock [Line Items]

Authorized shares to be repurchased (in shares)

849,690

Purchase price per share (in dollars per share)

$ 40.255

Share Price (in dollars per share)

$ 41.50

Retirement of shares (in shares)

849,690

Stock Options (Narrative) (Deta

Stock Options (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 07, 2015	May 07, 2009	May 03, 2005	May 03, 2001
Qualified Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	21,000	29,500	48,250
Weighted average grant date fair value of options granted (in dollars per share)	$ 27.48	$ 27.63	$ 27.23
Total unrecognized compensation cost related to non-vested share-based compensation arrangements	$ 1,302
Period cost is expected to be recognized (years)	5 years
Exercise of stock options (in shares)	(43,775)	(75,355)	(27,700)
Non Qualified Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	0	0	29,000
Weighted average grant date fair value of options granted (in dollars per share)			$ 27.72
Total unrecognized compensation cost related to non-vested share-based compensation arrangements	$ 53
Period cost is expected to be recognized (years)	5 years
Exercise of stock options (in shares)	(14,900)	(4,800)	(11,600)
Proceeds from stock options exercised	$ 205	$ 55	$ 270
Tax deductions from the exercise of stock options	657	$ 187	$ 262
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to non-vested share-based compensation arrangements	$ 1,959
Period cost is expected to be recognized (years)	4 years
Weighted average remaining contractual life (years)	2 years 10 months 21 days	3 years 1 month 10 days	2 years 4 months 21 days
Restricted Stock Units (RSUs) | Year One after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	25.00%
Award vesting period (years)	1 year
Restricted Stock Units (RSUs) | Year Two after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	25.00%
Restricted Stock Units (RSUs) | Year Three after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	25.00%
Restricted Stock Units (RSUs) | Year Four after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	25.00%
2015 ISO Plan | Qualified Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved for options to be issued (in shares)				400,000
Granted (in shares)	21,000	29,500
2015 ISO Plan | Qualified Stock Options | Year One after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	1 year
2015 ISO Plan | Qualified Stock Options | Year One after Grant Date | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2015 ISO Plan | Qualified Stock Options | Year Two after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2015 ISO Plan | Qualified Stock Options | Year Three after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2015 ISO Plan | Qualified Stock Options | Year Four after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2015 ISO Plan | Qualified Stock Options | Year Five after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2005 Incentive Stock Option Plan | Qualified Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved for options to be issued (in shares)						500,000
Granted (in shares)			48,250
2005 Incentive Stock Option Plan | Qualified Stock Options | Year One after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	1 year
2005 Incentive Stock Option Plan | Qualified Stock Options | Year One after Grant Date | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2005 Incentive Stock Option Plan | Qualified Stock Options | Year Two after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2005 Incentive Stock Option Plan | Qualified Stock Options | Year Three after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2005 Incentive Stock Option Plan | Qualified Stock Options | Year Four after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2005 Incentive Stock Option Plan | Qualified Stock Options | Year Five after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
FAR 1999 NQSO Plan | Non Qualified Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved for options to be issued (in shares)							400,000
FAR 1999 NQSO Plan | Non Qualified Options | Year One after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	1 year
FAR 1999 NQSO Plan | Non Qualified Options | Year One after Grant Date | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
FAR 1999 NQSO Plan | Non Qualified Options | Year Two after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
FAR 1999 NQSO Plan | Non Qualified Options | Year Three after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
FAR 1999 NQSO Plan | Non Qualified Options | Year Four after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
FAR 1999 NQSO Plan | Non Qualified Options | Year Five after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2009 Equity Incentive Plan | Non Qualified Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved for options to be issued (in shares)					400,000
2009 Equity Incentive Plan | Non Qualified Options | Year One after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (years)	1 year
2009 Equity Incentive Plan | Non Qualified Options | Year One after Grant Date | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2009 Equity Incentive Plan | Non Qualified Options | Year Two after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2009 Equity Incentive Plan | Non Qualified Options | Year Three after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2009 Equity Incentive Plan | Non Qualified Options | Year Four after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%
2009 Equity Incentive Plan | Non Qualified Options | Year Five after Grant Date
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual vesting percentage of award	20.00%

Stock Options (Schedule of Qual

Stock Options (Schedule of Qualified Stock Option Activity) (Details) - Qualified Stock Options - $ / shares		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of year (in shares)		254,195	301,800	292,350
Granted (in shares)		21,000	29,500	48,250
Exercised (in shares)		(43,775)	(75,355)	(27,700)
Canceled (in shares)		(10,600)	(1,750)	(11,100)
Options outstanding at end of year (in shares)		220,820	254,195	301,800
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of year, Exercise Price (in dollars per share)	[1]	$ 34.64	$ 30.73	$ 26.68
Granted, Exercise Price (in dollars per share)	[1]	54.87	53.95	52.67
Exercised, Exercise Price (in dollars per share)	[1]	26.59	26.11	24.33
Canceled, Exercise Price (in dollars per share)	[1]	50.68	53.61	35.42
Outstanding at end of year, Exercise Price (in dollars per share)	[1]	$ 37.39	$ 34.64	$ 30.73
Options exercisable at end of year (in shares)		136,220	143,345	172,450
Exercisable at end of year, Exercise Price (in dollars per share)	[1]	$ 29.66	$ 25.69	$ 22.30
Options available for grant at end of year (in shares)		353,450	370,750	28,950
[1]	Weighted Averages

Stock Options (Schedule of Qu68

Stock Options (Schedule of Qualified Stock Options Outstanding and Exercisable) (Details) - Qualified Stock Options - $ / shares		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding (in shares)		220,820	254,195	301,800	292,350
Options Exercisable (in shares)		136,220	143,345	172,450
$11.45 - $22.55
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Range Limit (in dollars per share)		$ 11.45
Range of Exercise Price, Upper Range Limit (in dollars per share)		$ 22.55
Options Outstanding, Exercise price range (in shares)		44,320
Options Outstanding, Remaining Contractual Life	[1]	2 years 11 days
Options, Outstanding, Exercise Price (in dollars per share)	[1]	$ 15.08
Options Exercisable, Exercise price range (in shares)		44,320
Options Exercisable, Exercise Price (in dollars per share)	[1]	$ 15.08
$24.69 - $42.70
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Range Limit (in dollars per share)		24.69
Range of Exercise Price, Upper Range Limit (in dollars per share)		$ 42.70
Options Outstanding, Exercise price range (in shares)		96,350
Options Outstanding, Remaining Contractual Life	[1]	5 years 3 months 18 days
Options, Outstanding, Exercise Price (in dollars per share)	[1]	$ 34.07
Options Exercisable, Exercise price range (in shares)		73,750
Options Exercisable, Exercise Price (in dollars per share)	[1]	$ 32.64
$49.44 - $54.87
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Range Limit (in dollars per share)		49.44
Range of Exercise Price, Upper Range Limit (in dollars per share)		$ 54.87
Options Outstanding, Exercise price range (in shares)		80,150
Options Outstanding, Remaining Contractual Life	[1]	8 years 2 months 16 days
Options, Outstanding, Exercise Price (in dollars per share)	[1]	$ 53.72
Options Exercisable, Exercise price range (in shares)		18,150
Options Exercisable, Exercise Price (in dollars per share)	[1]	$ 53.17
[1]	Weighted Averages

Stock Options (Schedule of Non-

Stock Options (Schedule of Non-Qualified Stock Options Activity) (Details) - Non Qualified Options - $ / shares		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of year (in shares)		127,300	132,100	114,700
Granted (in shares)		0	0	29,000
Exercised (in shares)		(14,900)	(4,800)	(11,600)
Canceled (in shares)		0	0	0
Options outstanding at end of year (in shares)		112,400	127,300	132,100
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of year, Exercise Price (in dollars per share)	[1]	$ 32.05	$ 31.30	$ 24.87
Granted, Exercise Price (in dollars per share)	[1]	0	0	53.51
Exercised, Exercise Price (in dollars per share)	[1]	13.73	11.45	23.29
Canceled, Exercise Price (in dollars per share)	[1]	0	0	0
Outstanding at end of year, Exercise Price (in dollars per share)	[1]	$ 32.05	$ 31.30	$ 24.87	$ 34.48	$ 32.05	$ 31.30
Options exercisable at end of year (in shares)					85,000	83,100	71,100
Exercisable at end of year, Exercise Price (in dollars per share)	[1]				$ 29.61	$ 24.54	$ 19.85
Options available for grant at end of year (in shares)					207,608	232,522	258,526
[1]	Weighted Averages

Stock Options (Schedule of No70

Stock Options (Schedule of Non-Qualified Stock Options Outstanding and Exercisable) (Details) - Non Qualified Options - $ / shares		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding (in shares)		112,400	127,300	132,100	114,700
Options Exercisable (in shares)		85,000	83,100	71,100
$11.45 - $22.55
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Range Limit (in dollars per share)		$ 11.45
Range of Exercise Price, Upper Range Limit (in dollars per share)		$ 22.55
Options Outstanding, Exercise price range (in shares)		18,400
Options Outstanding, Remaining Contractual Life	[1]	2 years 4 months 10 days
Options Outstanding, Exercise Price (in dollars per share)	[1]	$ 11.45
Options Exercisable, Exercise price range (in shares)		18,400
Options Exercisable, Exercise Price (in dollars per share)	[1]	$ 11.45
$24.69 - $42.70
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Range Limit (in dollars per share)		24.69
Range of Exercise Price, Upper Range Limit (in dollars per share)		$ 42.70
Options Outstanding, Exercise price range (in shares)		65,000
Options Outstanding, Remaining Contractual Life	[1]	4 years 6 months 4 days
Options Outstanding, Exercise Price (in dollars per share)	[1]	$ 32.50
Options Exercisable, Exercise price range (in shares)		55,000
Options Exercisable, Exercise Price (in dollars per share)	[1]	$ 30.65
$49.44 - $54.87
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Range Limit (in dollars per share)		49.44
Range of Exercise Price, Upper Range Limit (in dollars per share)		$ 54.87
Options Outstanding, Exercise price range (in shares)		29,000
Options Outstanding, Remaining Contractual Life	[1]	7 years 4 months 13 days
Options Outstanding, Exercise Price (in dollars per share)	[1]	$ 53.51
Options Exercisable, Exercise price range (in shares)		11,600
Options Exercisable, Exercise Price (in dollars per share)	[1]	$ 53.51
[1]	Weighted Averages

Stock Options (Schedule of Rest

Stock Options (Schedule of Restricted Stock Award Activity) (Details) - Restricted Stock - $ / shares		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year (in shares)		32,616	12,043	10,724
Granted (in shares)		27,440	26,004	6,000
Exercised (in shares)		(11,909)	(5,431)	(4,681)
Canceled (in shares)		(2,526)	0	0
Outstanding at end of year (in shares)		45,621	32,616	12,043
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Intrinsic Value [Roll Forward]
Outstanding at beginning of year (in dollars per share)	[1]	$ 53.31	$ 44.10	$ 32.49
Granted (in dollars per share)	[1]	55.17	54.14	53.51
Exercised (in dollars per share)	[1]	52.67	36.85	29.56
Canceled (in dollars per share)	[1]	53.57	0	0
Outstanding at end of year (in dollars per share)	[1]	$ 54.58	$ 53.31	$ 44.10
[1]	Weighted Averages

Retirement Benefit Plans (Narra

Retirement Benefit Plans (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)employeeplansubsidiary	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Feb. 03, 2006plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of non-contributory defined benefit pension plans | plan				2
Estimate of amount of unrecognized actuarial expense	$ 433
Number of defined contribution plans | plan	2
United States
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Annual contribution amount	$ 1,900	$ 1,871	$ 1,466
Non-US
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Annual contribution amount	$ 735	864	$ 806
Number of international subsidiaries that participate in defined contribution and savings plan | subsidiary	3
IAM Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Annual contribution amount	$ 435	414
Minimum | Non-US
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contribution percentage	3.00%
Maximum | Non-US
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contribution percentage	10.00%
Pension Plans, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Amount expenses of accumulated pension actuarial losses	$ 2,889
Underfunded status	(2,929)	(4,499)
Supplemental Employee Retirement Plans, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Estimate of amount of unrecognized actuarial expense	$ 406
SERP credited service period	10 years
Percentage of final 3 year average salary in which retirement benefit is based (percentage)	20.00%
Number of final years in which the Retirement Benefit is based	3 years
Retirement age	65 years
Period of time that vested retirement benefit will be paid after death or change in control	90 days
Years of monthly installments associated with SERP disability	15 years
Supplemental Employee Retirement Plans, Defined Benefit | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Current retirement benefit percentage	10.00%
Supplemental Employee Retirement Plans, Defined Benefit | Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Current retirement benefit percentage	20.00%
Hourly Employees’ Pension Plan | Pension Plans, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Amount of final contribution	$ 622
Amount expenses of accumulated pension actuarial losses	2,889
Underfunded status	$ 0	(630)
Employees’ Retirement Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Former employees | employee	245
Current employees | employee	78
Employees’ Retirement Plan | Pension Plans, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Amount expenses of accumulated pension actuarial losses	$ 0
Underfunded status	$ (2,929)	$ (3,869)

Retirement Benefit Plans (Sched

Retirement Benefit Plans (Schedule of Changes in Plan Assets, Changes in Projected Benefit Obligation, Rate Assumptions, and Components of Net Periodic Benefit Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Change in fair value of plan assets
Fair value of plan assets at beginning of year	$ 25,711
Fair value of plan assets at end of year	17,858	$ 25,711
Pension Plans, Defined Benefit
Change in projected benefit obligation
Benefit obligation at beginning of year	30,210	32,051
Service cost	12	13
Interest cost	1,287	1,273
Liability actuarial (gain) loss	56	(1,699)
Benefits paid	(1,443)	(1,428)
Settlements	(9,335)
Benefit obligation at end of year	20,787	30,210
Change in fair value of plan assets
Fair value of plan assets at beginning of year	25,711	26,337
Return on plan assets	1,403	(422)
Employer contributions	1,522	1,224
Benefits paid	(1,443)	(1,428)
Settlements	(9,335)
Fair value of plan assets at end of year	17,858	25,711
Underfunded status	(2,929)	(4,499)
Supplemental Employee Retirement Plans, Defined Benefit
Change in projected benefit obligation
Benefit obligation at beginning of year	3,962	3,732
Service cost	176	121
Interest cost	175	137
Liability actuarial (gain) loss	183	(24)
Benefits paid	(67)	(4)
Plan amendments	958	0
Benefit obligation at end of year	5,387	3,962
Change in fair value of plan assets
Benefits paid	(67)	(4)
Hourly Employees’ Pension Plan | Pension Plans, Defined Benefit
Change in projected benefit obligation
Benefit obligation at beginning of year	9,649	10,456
Service cost	8	9
Interest cost	401	405
Liability actuarial (gain) loss	(148)	(574)
Benefits paid	(575)	(647)
Settlements	(9,335)
Benefit obligation at end of year	0	9,649
Change in fair value of plan assets
Fair value of plan assets at beginning of year	9,019	9,223
Return on plan assets	119	(149)
Employer contributions	772	592
Benefits paid	(575)	(647)
Settlements	(9,335)
Fair value of plan assets at end of year	0	9,019
Underfunded status	0	(630)
Employees’ Retirement Plan | Pension Plans, Defined Benefit
Change in projected benefit obligation
Benefit obligation at beginning of year	20,561	21,595
Service cost	4	4
Interest cost	886	868
Liability actuarial (gain) loss	204	(1,125)
Benefits paid	(868)	(781)
Settlements	0
Benefit obligation at end of year	20,787	20,561
Change in fair value of plan assets
Fair value of plan assets at beginning of year	16,692	17,114
Return on plan assets	1,284	(273)
Employer contributions	750	632
Benefits paid	(868)	(781)
Settlements	0
Fair value of plan assets at end of year	17,858	16,692
Underfunded status	$ (2,929)	$ (3,869)

Retirement Benefit Plans (Sch74

Retirement Benefit Plans (Schedule of Assumptions Used) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Supplemental Employee Retirement Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Discount rate (percentage)	3.85%	4.05%
Composite rate of compensation increase (percentage)	3.00%	3.00%
Net periodic pension expense, discount rate (percentage)	4.05%	3.70%
Net periodic pension expense, rate of compensation increase (percentage)	3.00%	3.00%
Hourly Employees’ Pension Plan | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Discount rate (percentage)		4.30%
Net periodic pension expense, discount rate (percentage)	4.30%	4.00%
Net periodic pension expense, Long-term rate of return on plan assets (percentage)	7.25%	7.25%
Employees’ Retirement Plan | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Discount rate (percentage)	4.10%	4.40%
Net periodic pension expense, discount rate (percentage)	4.40%	4.10%
Net periodic pension expense, Long-term rate of return on plan assets (percentage)	7.25%	7.25%

Retirement Benefit Plans (Sch75

Retirement Benefit Plans (Schedule of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 12	$ 13
Interest cost	1,287	1,273
Expected return on plan assets	(1,844)	(1,890)
Amortization of net loss	724	649
Recognition of Settlement	2,889
Net periodic benefit cost	3,068	45
Supplemental Employee Retirement Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Service cost	176	121
Interest cost	175	137
Amortization of prior service cost	364	342
Net periodic benefit cost	715	600
Hourly Employees’ Pension Plan | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Service cost	8	9
Interest cost	401	405
Expected return on plan assets	(648)	(661)
Amortization of net loss	284	248
Recognition of Settlement	2,889
Net periodic benefit cost	2,934	1
Employees’ Retirement Plan | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Service cost	4	4
Interest cost	886	868
Expected return on plan assets	(1,196)	(1,229)
Amortization of net loss	440	401
Recognition of Settlement	0
Net periodic benefit cost	$ 134	$ 44

Retirement Benefit Plans (Weigh

Retirement Benefit Plans (Weighted Average Asset Allocations) (Details) - Pension Plans, Defined Benefit	Dec. 31, 2016	Dec. 31, 2015
Hourly Employees’ Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	0.00%	100.00%
Hourly Employees’ Pension Plan | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	0.00%	55.00%
Hourly Employees’ Pension Plan | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	0.00%	37.00%
Hourly Employees’ Pension Plan | Short-term investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	0.00%	3.00%
Hourly Employees’ Pension Plan | Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	0.00%	5.00%
Employees’ Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	100.00%	100.00%
Employees’ Retirement Plan | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	54.00%	55.00%
Employees’ Retirement Plan | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	38.00%	37.00%
Employees’ Retirement Plan | Short-term investments
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	3.00%	3.00%
Employees’ Retirement Plan | Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocations as a percentage of plan assets	5.00%	5.00%

Retirement Benefit Plans (Sch77

Retirement Benefit Plans (Schedule of Fair Value of Plan Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 17,858	$ 25,711
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6,710	9,686
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	11,148	16,025
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Mid Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	680	1,623
Mid Cap | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	680	1,623
Large Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,553	4,411
Large Cap | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,553	4,411
International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,010	2,915
International | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,010	2,915
Liability Driven Solution
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,522	3,543
Liability Driven Solution | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,522	3,543
Wells Fargo BlackRock International Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	727	1,080
Wells Fargo BlackRock International Equity | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	727	1,080
Wells Fargo Core Bond
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,254	1,774
Wells Fargo Core Bond | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,254	1,774
Wells Fargo/Causeway
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	741	1,112
Wells Fargo/Causeway | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	741	1,112
Wells Fargo BlackRock Large Cap Growth Index Fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,009	1,429
Wells Fargo BlackRock Large Cap Growth Index Fund | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,009	1,429
Wells Fargo BlackRock Large Cap Value Index Fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,006	1,415
Wells Fargo BlackRock Large Cap Value Index Fund | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,006	1,415
Wells Fargo Multi-Manager Small Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,189	1,707
Wells Fargo Multi-Manager Small Cap | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,189	1,707
Wells Fargo Russell 2000 Index Fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	560	800
Wells Fargo Russell 2000 Index Fund | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	560	800
Wells Fargo S&P Mid Cap Index Fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	630	942
Wells Fargo S&P Mid Cap Index Fund | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	630	942
Wells Fargo/MFS Value CIT F
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	501	736
Wells Fargo/MFS Value CIT F | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	501	736
Wells Fargo/T. Rowe Price I Large-Cap Growth Managed CIT
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	505	749
Wells Fargo/T. Rowe Price I Large-Cap Growth Managed CIT | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	505	749
T. Rowe Price Equity Income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	504	738
T. Rowe Price Equity Income | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	504	738
Cash & Short-term Investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	467	737
Cash & Short-term Investments | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 467	$ 737

Retirement Benefit Plans (Sch78

Retirement Benefit Plans (Schedule of Expected Benefit Payments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Supplemental Employee Retirement Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
2,017	$ 174
2,018	287
2,019	290
2,020	310
2,021	312
Years 2022 through 2026	2,114
Employees’ Retirement Plan | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
2,017	1,033
2,018	1,130
2,019	1,149
2,020	1,192
2,021	1,249
Years 2022 through 2026	$ 6,473

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting Information [Line Items]
Number of principal reporting segments | segment	3
Net Revenue	$ 844,748	$ 879,577	$ 839,055
Income from Operations	67,620	66,528	62,664
Goodwill	74,825	75,509	75,691	$ 32,073
Total Identifiable Assets	552,776	603,503
Industrial
Segment Reporting Information [Line Items]
Net Revenue	484,088	498,761	436,018
Income from Operations	35,984	42,194	39,377
Goodwill	56,447	56,293
Total Identifiable Assets	339,064	370,642
Agricultural
Segment Reporting Information [Line Items]
Net Revenue	205,834	208,257	214,326
Income from Operations	20,720	17,295	11,714
Goodwill	3,489	2,984
Total Identifiable Assets	111,120	110,489
European
Segment Reporting Information [Line Items]
Net Revenue	154,826	172,559	188,711
Income from Operations	10,916	7,039	$ 11,573
Goodwill	14,889	16,232
Total Identifiable Assets	$ 102,592	$ 122,372

International Operations and 80

International Operations and Geographic Information (Schedule of Selected Financial Information for International Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 844,748	$ 879,577	$ 839,055
Income from operations	67,620	66,528	62,664
Identifiable assets	552,776	603,503
Non-US
Segment Reporting Information [Line Items]
Net sales	232,291	243,108	260,874
Income from operations	18,544	9,682	15,840
Income before income taxes	18,720	15,840	17,315
Identifiable assets	$ 167,990	$ 194,839	$ 219,036

International Operations and 81

International Operations and Geographic Information (Schedule of Geographic Net Sales and Location of Long-lived assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 844,748	$ 879,577	$ 839,055
Long-lived assets	224,190	239,301	235,684
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	615,028	635,923	571,817
Long-lived assets	166,707	174,811	168,404
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	45,184	59,621	58,976
Long-lived assets	16,254	20,338	20,840
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	79,070	80,762	93,699
Long-lived assets	16,772	18,755	21,728
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	48,357	44,388	54,087
Long-lived assets	19,435	21,466	23,354
Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	13,580	13,801	13,702
Long-lived assets	1,401	1,189	1,358
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	43,529	45,082	46,774
Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 3,621	$ 2,742	$ 0

Commitments and Contingencies82

Commitments and Contingencies (Schedule of Future Commitments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating Leases, 2017	$ 3,130
Operating Leases, 2018	2,110
Operating Leases, 2019	1,241
Operating Leases, 2020	734
Operating Leases, 2021	333
Operating Leases, Thereafter	36
Total minimum lease payments	$ 7,584

Commitments and Contingencies83

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loss Contingencies [Line Items]
Rental expense for operating leases	$ 4,060	$ 4,295	$ 3,666
Purchase obligations	$ 89,355
Deere and Company v Bush Hog LLC and Great Plains Manufacturing Inc
Loss Contingencies [Line Items]
Legal fees incurred				$ 2,100

Quarterly Financial Data (Una84

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Quarterly Financial Information Disclosure [Line Items]
Sales	$ 205,522	$ 216,766	$ 211,489	$ 210,971	$ 224,431	$ 231,614	$ 215,734	$ 207,798
Gross profit	47,933	54,711	52,178	50,277	48,737	57,509	50,665	45,537	$ 205,099	$ 202,448	$ 189,228
Net income	$ 7,588	$ 13,236	$ 10,562	$ 8,659	$ 11,384	$ 14,756	$ 9,710	$ 7,359	$ 40,045	$ 43,209	$ 41,151
Per common share - diluted
Diluted (in dollars per share)	$ 0.65	$ 1.14	$ 0.92	$ 0.75	$ 0.99	$ 1.28	$ 0.84	$ 0.64	$ 3.46	$ 3.76	$ 3.42
Average shares
Diluted (in shares)	11,608	11,595	11,550	11,507	11,500	11,496	11,498	11,436	11,565	11,482	12,039
Dividends per share (in dollars per share)	$ 0.09	$ 0.09	$ 0.09	$ 0.09	$ 0.08	$ 0.08	$ 0.08	$ 0.08
High
Market price of common stock
Share Price (in dollars per share)	78.91	68.04	66.01	61.82	57.51	55.12	64.45	63.39	$ 78.91	$ 57.51
Low
Market price of common stock
Share Price (in dollars per share)	$ 59.55	$ 61.49	$ 52.82	$ 48.26	$ 43.98	$ 44.48	$ 48.1	$ 44.74	$ 59.55	$ 43.98