XML 21 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 29,851 $ 25,188 $ 35,815
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 11,914 12,692 13,749
Pension expense 4,989 7,489 2,823
Contributions to pension plan (2,000) (2,000) 0
Deferred income tax charge (benefit) 50 544 (1,198)
Stock based compensation 2,396 42 1,025
Other (103) 11 (53)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (8,702) 15,247 2,218
Inventories, net (4,290) (5,310) 11,452
Accounts payable 8,717 (6,845) (601)
Commissions payable 2,718 (1,565) (2,140)
Deferred revenue and customer deposits 1,351 2,953 (321)
Accrued expenses and other (1,631) 5,162 102
Income taxes 178 (2,446) (697)
Net cash provided by operating activities 45,438 51,162 62,174
Cash flows from investing activities:      
Capital additions (9,751) (7,999) (10,912)
Purchase of short-term investments, net (4) (4) (4)
Other 586 299 69
Net cash used for investing activities (9,169) (7,704) (10,847)
Regular cash dividends (16,586) (15,394) (14,370)
Treasury share repurchases (1,245) (361) (2,610)
Other (722) (381) (383)
Net cash used for financing activities (18,553) (16,136) (17,363)
Effect of exchange rate changes on cash (725) 326 133
Net increase (decrease) in cash and cash equivalents 16,991 27,648 34,097
Cash and cash equivalents:      
Beginning of year 108,203 80,555 46,458
End of period $ 125,194 $ 108,203 $ 80,555