XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 44,021 $ 50,301
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation 13,777 14,112
Deferred income taxes (319) 279
Amortization of marketable security premiums 965 976
Changes in operating assets and liabilities:    
Accounts receivable (22,875) (38,516)
Other receivables 281 (702)
Inventories (13,001) (15,867)
Prepaid expenses and other assets 2,742 3,384
Accounts payable and accrued liabilities 9,462 10,635
Income taxes payable 5,964 9,863
Postretirement health care benefits (845) (883)
Deferred compensation and other liabilities (16,084) 2,594
Net cash provided by operating activities 24,088 36,176
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (11,425) (14,151)
Purchases of trading securities (2,718) (2,835)
Sales of trading securities 17,673 362
Purchase of available for sale securities (82,862) (49,999)
Sale and maturity of available for sale securities 67,215 51,580
Net cash from (used in) investing activities (12,117) (15,043)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (23,505) (27,232)
Dividends paid in cash (17,850) (17,592)
Proceeds from bank loans 3,048 2,662
Repayment of bank loans (2,900) (2,233)
Net cash used in financing activities (41,207) (44,395)
Effect of exchange rate changes on cash (1,443) (256)
Increase (Decrease) in cash and cash equivalents (30,679) (23,518)
Cash, cash equivalents and restricted cash at beginning of year 139,340 111,287
Cash, cash equivalents and restricted cash at end of quarter 108,661 87,769
Supplemental cash flow information:    
Income taxes paid/(received), net 6,904 5,182
Interest paid 53 95
Stock dividend issued $ 63,402 $ 70,557