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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Activities    
Net income $ 34,785 $ 30,337
Income from discontinued operations 0 1,874
Income from continuing operations 34,785 28,463
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation, depletion and amortization 14,683 12,767
Amortization of deferred financing fees 334 471
Deferred income taxes 9,281 4,089
Centennial asset impairment charge 0 982
Stock-based compensation 3,958 4,520
Gain on sale of assets (892) (5,130)
Other (7,946) 11,303
Working capital changes:    
Affiliates receivable/payable 6,771 516
Accounts receivable (3,008) (9,311)
Inventories (1,193) (1,129)
Other current assets (508) (982)
Accounts payable 60 1,049
Income taxes receivable/payable (2,478) 1,063
Other current liabilities 775 334
Net cash provided by operating activities of continuing operations 54,622 49,005
Net cash used for operating activities of discontinued operations 0 (7,700)
Net cash provided by operating activities 54,622 41,305
Investing Activities    
Expenditures for property, plant and equipment (20,930) (15,704)
Proceeds from the sale of assets 1,454 3,956
Other 1,089 1,088
Net cash used for investing activities of continuing operations (18,387) (10,660)
Net cash used for investing activities of discontinued operations 0 (4,345)
Net cash used for investing activities (18,387) (15,005)
Financing Activities    
Net reductions to revolving credit agreement (47,125) (6,047)
Additions (reductions) to long-term debt 396 (30,000)
Cash dividends paid (4,578) (6,682)
Cash dividends received from Hamilton Beach Brands Holding Co. (See Note 3) 0 38,000
Purchase of treasury shares (1,294) 0
Other 23 (1,324)
Net cash used for financing activities of continuing operations (52,578) (6,053)
Net cash provided by financing activities of discontinued operations 0 3,747
Net cash used for financing activities (52,578) (2,306)
Effect of exchange rate changes on cash of discontinued operations 0 71
Cash and Cash Equivalents    
Total (decrease) increase for the year (16,343) 24,065
Net increase related to discontinued operations 0 8,227
Balance at the beginning of the year 101,600 69,308
Balance at the end of the year $ 85,257 $ 101,600