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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 58,974 $ 64,839 $ 56,805
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 18,184 18,779 18,669
Deferred income taxes (279) 2,832 2,063
Impairment of majority-owned foreign subsidiaries   377 1,126
Amortization of marketable security premiums 1,404 1,282 1,755
Changes in operating assets and liabilities:      
Accounts receivable 3,483 5,086 (2,445)
Other receivables 636 (313) 2,220
Inventories (770) (4,383) 303
Prepaid expenses and other assets 2,961 4,362 9,489
Accounts payable and accrued liabilities 3,849 1,080 1,648
Income taxes payable 3,012 4,336 7,953
Postretirement health care benefits (1,041) (1,478) (2,484)
Deferred compensation and other liabilities (15,703) 3,422 3,827
Net cash provided by operating activities 74,710 100,221 100,929
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (17,970) (20,258) (27,612)
Repayment of premiums on split dollar life insurance policies 23,527    
Purchases of trading securities (3,183) (3,427) (4,378)
Sales of trading securities 18,058 795 1,255
Purchase of available for sale securities (109,816) (67,730) (78,377)
Sale and maturity of available for sale securities 98,885 75,611 64,602
Net cash used in investing activities 9,501 (15,009) (44,510)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Shares purchased and retired (32,055) (34,116) (19,317)
Dividends paid in cash (23,810) (23,460) (22,978)
Proceeds from bank loans 3,902 3,582 2,491
Repayment of bank loans (3,883) (3,193) (2,549)
Net cash used in financing activities (55,846) (57,187) (42,353)
Effect of exchange rate changes on cash (449) 28 501
Increase (decrease) in cash and cash equivalents 27,916 28,053 14,567
Cash, cash equivalents and restricted cash at beginning of year 139,340 111,287 96,720
Cash, cash equivalents and restricted cash at end of year 167,256 139,340 111,287
Supplemental cash flow information:      
Income taxes paid 14,503 13,858 5,676
Interest paid 57 121 112
Stock dividend issued $ 63,402 $ 70,557 $ 60,538