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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 19,358 $ 20,455
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation 9,219 9,334
Deferred income taxes (568) 393
Amortization of marketable security premiums 557 694
Changes in operating assets and liabilities:    
Accounts receivable 14,333 13,038
Other receivables (1,208) (242)
Inventories (36,863) (37,692)
Prepaid expenses and other assets 1,183 1,529
Accounts payable and accrued liabilities 40 (167)
Income taxes payable 5,033 2,750
Postretirement health care benefits (573) (602)
Deferred compensation and other liabilities 369 1,531
Net cash provided by operating activities 10,880 11,021
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (6,410) (9,945)
Purchases of trading securities (2,438) (2,641)
Sales of trading securities 380 362
Purchase of available for sale securities (53,269) (33,558)
Sale and maturity of available for sale securities 44,466 12,120
Net cash from (used in) investing activities (17,271) (33,662)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (12,959) (19,186)
Dividends paid in cash (11,853) (11,699)
Proceeds from bank loans 2,133 1,911
Repayment of bank loans (2,019) (1,594)
Net cash used in financing activities (24,698) (30,568)
Effect of exchange rate changes on cash (1,582) 164
Increase (Decrease) in cash and cash equivalents (32,671) (53,045)
Cash, cash equivalents and restricted cash at beginning of year 139,340 111,287
Cash, cash equivalents and restricted cash at end of quarter 106,669 58,242
Supplemental cash flow information:    
Income taxes paid/(received), net 1,035 4,226
Interest paid 49 65
Stock dividend issued $ 63,402 $ 70,557