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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 56,805 $ 80,654 $ 67,319
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 18,669 18,991 19,627
Deferred income taxes 2,063 (2,337) 199
Impairment of majority-owned foreign subsidiaries 1,126 2,371  
Amortization of marketable security premiums 1,755 2,386 2,830
Changes in operating assets and liabilities:      
Accounts receivable (2,445) (4,012) 6,869
Other receivables 2,220 (3,146) 473
Inventories 303 1,558 4,183
Prepaid expenses and other assets 9,489 (22,052) 2,999
Accounts payable and accrued liabilities 1,648 (557) (2,061)
Income taxes payable 7,953 (11,899) (5,797)
Postretirement health care benefits (2,484) (1,192) (1,216)
Deferred compensation and other liabilities 3,827 (17,792) 3,125
Net cash provided by operating activities 100,929 42,973 98,550
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (27,612) (16,673) (16,090)
Purchases of trading securities (4,378) (5,089) (4,569)
Sales of trading securities 1,255 22,396 1,433
Purchase of available for sale securities (78,377) (89,364) (81,835)
Sale and maturity of available for sale securities 64,602 79,410 49,177
Net cash used in investing activities (44,510) (9,320) (51,884)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Shares purchased and retired (19,317) (34,133) (29,093)
Dividends paid in cash (22,978) (22,621) (22,266)
Proceeds from bank loans 2,491 2,162 2,760
Repayment of bank loans (2,549) (2,289) (2,788)
Net cash used in financing activities (42,353) (56,881) (51,387)
Effect of exchange rate changes on cash 501 421 (2,292)
Increase (decrease) in cash and cash equivalents 14,567 (22,807) (7,013)
Cash, cash equivalents, and restricted cash at beginning of year 96,720 119,527 126,540
Cash, cash equivalents, and restricted cash at end of year 111,287 96,720 119,527
Supplemental cash flow information:      
Income taxes paid 5,676 18,854 36,365
Interest paid 112 68 34
Stock dividend issued $ 60,538 $ 69,739 $ 61,671