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CONSOLIDATED STATEMENTS OF Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 48,748 $ 49,527
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 14,364 14,651
Deferred income taxes 153 23
Amortization of marketable security premiums 1,840 2,221
Changes in operating assets and liabilities:    
Accounts receivable (51,270) (31,367)
Other receivables (4,265) 2,622
Inventories (10,018) (2,826)
Prepaid expenses and other assets 3,313 3,678
Accounts payable and accrued liabilities 8,249 6,906
Income taxes payable 8,706 3
Postretirement health care benefits (677) (902)
Deferred compensation and other liabilities (723) 2,496
Net cash from operating activities 18,420 47,032
CASH FLOWS FROM INVESTING ACTIVITIES:    
Restricted cash (17)  
Capital expenditures (11,699) (13,067)
Purchases of trading securities (3,387) (3,064)
Sales of trading securities 3,544 645
Purchase of available for sale securities (51,935) (45,298)
Sale and maturity of available for sale securities 21,328 26,517
Net cash used in investing activities (42,166) (34,267)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (30,027) (26,293)
Dividends paid in cash (16,965) (16,694)
Proceeds from bank loans 1,182 2,156
Repayment of bank loans (1,345) (2,339)
Net cash used in financing activities (47,155) (43,170)
Effect of exchange rate changes on cash 1,268 (1,501)
Decrease in cash and cash equivalents (69,633) (31,906)
Cash and cash equivalents at beginning of year 119,145 126,145
Cash and cash equivalents at end of year 49,512 94,239
Supplemental cash flow information:    
Income taxes paid 12,360 22,622
Interest paid 49 19
Stock dividend issued $ 69,739 $ 61,671