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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 64,839 $ 56,805 $ 80,654
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 18,779 18,669 18,991
Deferred income taxes 2,832 2,063 (2,337)
Impairment of majority-owned foreign subsidiaries 377 1,126 2,371
Amortization of marketable security premiums 1,282 1,755 2,386
Changes in operating assets and liabilities:      
Accounts receivable 5,086 (2,445) (4,012)
Other receivables (313) 2,220 (3,146)
Inventories (4,383) 303 1,558
Prepaid expenses and other assets 4,362 9,489 (22,052)
Accounts payable and accrued liabilities 1,080 1,648 (557)
Income taxes payable 4,336 7,953 (11,899)
Postretirement health care benefits (1,478) (2,484) (1,192)
Deferred compensation and other liabilities 3,422 3,827 (17,792)
Net cash provided by operating activities 100,221 100,929 42,973
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (20,258) (27,612) (16,673)
Purchases of trading securities (3,427) (4,378) (5,089)
Sales of trading securities 795 1,255 22,396
Purchase of available for sale securities (67,730) (78,377) (89,364)
Sale and maturity of available for sale securities 75,611 64,602 79,410
Net cash used in investing activities (15,009) (44,510) (9,320)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Shares purchased and retired (34,116) (19,317) (34,133)
Dividends paid in cash (23,460) (22,978) (22,621)
Proceeds from bank loans 3,582 2,491 2,162
Repayment of bank loans (3,193) (2,549) (2,289)
Net cash used in financing activities (57,187) (42,353) (56,881)
Effect of exchange rate changes on cash 28 501 421
Increase (decrease) in cash and cash equivalents 28,053 14,567 (22,807)
Cash, cash equivalents and restricted cash at beginning of year 111,287 96,720 119,527
Cash, cash equivalents and restricted cash at end of year 139,340 111,287 96,720
Supplemental cash flow information:      
Income taxes paid 13,858 5,676 18,854
Interest paid 121 112 68
Stock dividend issued $ 70,557 $ 60,538 $ 69,739