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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 11,976 $ 8,911
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation 4,647 4,666
Deferred income taxes (1,013) 149
Amortization of marketable security premiums 217 353
Changes in operating assets and liabilities:    
Accounts receivable 8,205 5,927
Other receivables (197) (267)
Inventories (13,676) (11,100)
Prepaid expenses and other assets 172 983
Accounts payable and accrued liabilities 1,422 (2,770)
Income taxes payable 2,983 2,930
Postretirement health care benefits (276) (150)
Deferred compensation and other liabilities 121 924
Net cash provided by operating activities 14,581 10,556
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (3,737) (4,683)
Purchases of trading securities (2,287) (2,360)
Sales of trading securities 380 362
Purchase of available for sale securities (21,312) (20,919)
Sale and maturity of available for sale securities 35,217 5,379
Net cash from (used in) investing activities 8,261 (22,221)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (8,809) (10,519)
Dividends paid in cash (11,703) (11,530)
Proceeds from bank loans 928 941
Repayment of bank loans (880) (544)
Net cash used in financing activities (20,464) (21,652)
Effect of exchange rate changes on cash (2,278) 80
Increase (Decrease) in cash and cash equivalents 100 (33,237)
Cash, cash equivalents and restricted cash at beginning of year 139,340 111,287
Cash, cash equivalents and restricted cash at end of year 139,440 78,050
Supplemental cash flow information:    
Income taxes paid 794 (20)
Interest paid 23 31
Stock dividend issued $ 63,402 $ 70,557