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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 12,257 $ 12,309
Adjustments to reconcile net earnings to net cash provided by operating activities -    
Depreciation 1,204 1,279
Amortization 133 137
Bad debt (recovery) expense (2) 88
Deferred income taxes (11) 55
Net foreign currency transaction losses (gains) 28 (9)
Share-based compensation expense 698 675
Pension expense 441 647
Loss on disposal of fixed assets 20  
Increase in cash surrender value of life insurance (210) (210)
Changes in operating assets and liabilities -    
Accounts receivable 1,948 18,982
Inventories 6,941 24,115
Prepaid expenses and other assets 2,800 2,167
Accounts payable (4,264) (9,305)
Accrued liabilities and other (4,225) (5,273)
Accrued income taxes (90) (2,003)
Excess tax benefits from share-based compensation   (73)
Net cash provided by operating activities 17,668 43,581
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 215 1,010
Purchases of property, plant and equipment (344) (1,381)
Net cash used for investing activities (129) (371)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (7,162) (6,920)
Shares purchased and retired (514) (2,134)
Net proceeds from stock options exercised   24
Payment of contingent consideration   (500)
Taxes paid related to the net share settlement of equity awards   (173)
Proceeds from bank borrowings   63,047
Repayments of bank borrowings   (91,613)
Net cash used for financing activities (7,676) (38,269)
Effect of exchange rate changes on cash and cash equivalents (768) 145
Net increase in cash and cash equivalents 9,095 5,086
CASH AND CASH EQUIVALENTS at beginning of period 69,312 16,876
CASH AND CASH EQUIVALENTS at end of period 78,407 21,962
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds $ 4,337 6,273
Interest paid   $ 808