XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 10,011 $ 9,856
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 4,714 5,152
Deferred income taxes (230) 671
Amortization of marketable security premiums 593 748
Changes in operating assets and liabilities:    
Accounts receivable 4,783 10,627
Other receivables (1,297) 109
Inventories (9,926) (6,706)
Prepaid expenses and other assets 1,758 1,353
Accounts payable and accrued liabilities (2,384) (4,406)
Income taxes payable 3,546 (2,619)
Postretirement health care benefits 12 (312)
Deferred compensation and other liabilities 282 507
Net cash from operating activities 11,862 14,980
CASH FLOWS FROM INVESTING ACTIVITIES:    
Restricted cash 4 1
Capital expenditures (4,845) (8,376)
Purchases of trading securities (2,584) (2,485)
Sales of trading securities 435 613
Purchase of available for sale securities (27,227) (23,348)
Sale and maturity of available for sale securities 1,759 4,871
Net cash used in investing activities (32,458) (28,724)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (9,985) (6,576)
Dividends paid in cash (11,128) (10,943)
Proceeds from bank loans 324 809
Repayment of bank loans (570) (612)
Net cash used in financing activities (21,359) (17,322)
Effect of exchange rate changes on cash 1,365 (22)
Decrease in cash and cash equivalents (40,590) (31,088)
Cash and cash equivalents at beginning of year 119,145 126,145
Cash and cash equivalents at end of year 78,555 95,057
Supplemental cash flow information:    
Income taxes paid 784 6,352
Interest paid 14 1
Stock dividend issued $ 69,739 $ 61,671