XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 25,654,000 $ 46,958,000 $ 42,220,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Provision for depreciation 2,764,000 2,784,000 3,606,000
Intangibles amortization 214,000 221,000 83,000
Deferred income tax (benefit) (1,612,000) (1,718,000) (224,000)
Noncash income tax expense     1,370,000
Loss on disposal and impairment of property, plant and equipment 493,000 2,000 322,000
Provision for doubtful notes and accounts receivable 7,665,000   7,000
Proceeds from insurance claim 823,000   0
Noncash retirement plan expense 752,000 721,000 680,000
Gain on legal settlement     (2,300,000)
Other 100,000 131,000 464,000
Changes in operating accounts, net of effects of acquisition:      
Accounts receivable, net 1,083,000 (12,203,000) 10,915,000
Inventories (10,139,000) (6,952,000) (34,241,000)
Other assets and current assets 9,737,000 (5,655,000) (2,803,000)
Accounts payable and accrued liabilities (1,232,000) 15,706,000 (11,561,000)
Federal and state income taxes receivable/payable (1,614,000) 978,000 1,045,000
Net cash provided by operating activities 34,688,000 40,973,000 9,583,000
Cash flows from investing activities:      
Marketable securities purchased (3,918,000) (48,047,000) (105,409,000)
Marketable securities - maturities and sales 38,539,000 57,823,000 161,420,000
Proceeds from divestiture of businesses, net of cash paid 0 0 0
Purchase of property, plant and equipment (2,866,000) (2,621,000) (3,138,000)
Proceeds from notes receivable 543,000 0 2,146,000
Acquisition of business, net of cash acquired 0 0 (3,733,000)
Proceeds from legal settlement 0 0 2,300,000
Proceeds from insurance claim 250,000 0 807,000
Sale of property, plant and equipment 0 0 767,000
Net cash provided by investing activities 32,548,000 7,155,000 55,160,000
Cash flows from financing activities:      
Dividends paid (44,083,000) (42,172,000) (42,087,000)
Proceeds from sale of treasury stock 571,000 528,000 518,000
Other 45,000 (27,000) (442,000)
Net cash used in financing activities (43,467,000) (41,671,000) (42,011,000)
Net increase in cash and cash equivalents 23,769,000 6,457,000 22,732,000
Cash and cash equivalents at beginning of year 86,036,000 79,579,000 56,847,000
Cash and cash equivalents at end of year 109,805,000 86,036,000 79,579,000
Supplemental disclosures of cash flow information:      
Income taxes $ 10,071,000 $ 13,803,000 $ 10,187,000