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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 8,411 $ 11,054
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities -    
Depreciation 2,708 2,700
Amortization 288 334
Bad debt expense 96 190
Deferred income taxes 1,537 456
Net foreign currency transaction (gains) losses (389) 783
Stock-based compensation 1,121 1,112
Pension contribution (2,400) (2,633)
Pension expense 2,500 2,811
Increase in cash surrender value of life insurance (250) (250)
Changes in operating assets and liabilities -    
Accounts receivable (3,714) (12,223)
Inventories 26,641 (23,844)
Prepaid expenses and other assets 800 4,122
Accounts payable (7,699) (7,584)
Accrued liabilities and other (1,023) (4,807)
Accrued income taxes (839) 553
Net cash provided by (used for) operating activities 27,788 (27,226)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (3,605) (2,300)
Proceeds from maturities of marketable securities 4,190 6,305
Life insurance premiums paid (155) (155)
Purchases of property, plant and equipment (4,872) (1,457)
Net cash (used for) provided by investing activities (4,442) 2,393
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (8,678) (8,414)
Cash dividends paid to noncontrolling interest of subsidiary (170) 0
Shares purchased and retired (9,368) (4,760)
Proceeds from stock options exercised 585 2,696
Payment of contingent consideration (5,217) 0
Proceeds from bank borrowings 91,729 127,253
Repayments of bank borrowings (95,568) (90,684)
Income tax benefits from stock-based compensation 3 463
Net cash (used for) provided by financing activities (26,684) 26,554
Effect of exchange rate changes on cash and cash equivalents 252 (320)
Net (decrease) increase in cash and cash equivalents (3,086) 1,401
CASH AND CASH EQUIVALENTS at beginning of period 17,926 12,499
CASH AND CASH EQUIVALENTS at end of period 14,840 13,900
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 4,083 5,155
Interest paid $ 228 $ 97