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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 7,445 $ 4,053
Adjustments to reconcile net earnings to net cash provided by operating activities -    
Depreciation 643 604
Amortization 69 71
Bad debt (recovery) expense (13) 15
Deferred income taxes (23) (111)
Net foreign currency transaction (gains) losses (48) 32
Share-based compensation expense 338 350
Pension expense 347  
Increase in cash surrender value of life insurance (105) (150)
Changes in operating assets and liabilities -    
Accounts receivable 520 1,395
Inventories 21,297 8,980
Prepaid expenses and other assets 1,943 89
Accounts payable (8,411) (12,966)
Accrued liabilities and other (3,208) (3,578)
Accrued income taxes 2,192 1,447
Net cash provided by operating activities 22,986 231
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 510 475
Proceeds from sale of investment securities   8,050
Purchases of property, plant and equipment (659) (352)
Net cash (used for) provided by investing activities (149) 8,173
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (4,561) (2,297)
Shares purchased and retired (1,540) (1,797)
Net proceeds from stock options exercised 16 11
Payment of contingent consideration (500)  
Proceeds from bank borrowings 29,018  
Repayments of bank borrowings (39,514)  
Net cash used for financing activities (17,081) (4,083)
Effect of exchange rate changes on cash and cash equivalents (67) 118
Net increase in cash and cash equivalents 5,689 4,439
CASH AND CASH EQUIVALENTS at beginning of period 16,876 19,711
CASH AND CASH EQUIVALENTS at end of period 22,565 24,150
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 205 75
Interest paid $ 423 $ 1