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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 6,650 $ 7,445
Adjustments to reconcile net earnings to net cash provided by operating activities -    
Depreciation 584 643
Amortization 66 69
Bad debt expense (recovery) 44 (13)
Deferred income taxes (35) (23)
Net foreign currency transaction gains (9) (48)
Share-based compensation expense 367 338
Pension expense 220 347
Loss on disposal of fixed assets 18  
Increase in cash surrender value of life insurance (105) (105)
Changes in operating assets and liabilities -    
Accounts receivable (2,865) 520
Inventories 12,928 21,297
Prepaid expenses and other assets 2,633 1,943
Accounts payable (3,053) (8,411)
Accrued liabilities and other (5,301) (3,208)
Accrued income taxes 2,194 2,192
Net cash provided by operating activities 14,336 22,986
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 215 510
Purchases of property, plant and equipment (170) (659)
Net cash provided by (used for) investing activities 45 (149)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (4,664) (4,561)
Shares purchased and retired (5) (1,540)
Net proceeds from stock options exercised   16
Payment of contingent consideration   (500)
Proceeds from bank borrowings   29,018
Repayments of bank borrowings   (39,514)
Net cash used for financing activities (4,669) (17,081)
Effect of exchange rate changes on cash and cash equivalents (676) (67)
Net increase in cash and cash equivalents 9,036 5,689
CASH AND CASH EQUIVALENTS at beginning of year 69,312 16,876
CASH AND CASH EQUIVALENTS at end of year 78,348 22,565
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds $ 207 205
Interest paid   $ 423