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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 10,763 $ 11,976
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation 4,365 4,647
Deferred income taxes 174 (1,013)
Amortization of marketable security premiums 739 217
Changes in operating assets and liabilities:    
Accounts receivable 6,326 8,205
Other receivables 487 (197)
Inventories (8,883) (13,676)
Prepaid expenses and other assets 572 172
Accounts payable and accrued liabilities (1,204) 1,422
Income taxes payable 2,295 2,983
Postretirement health care benefits (347) (276)
Deferred compensation and other liabilities 50 121
Net cash provided by operating activities 15,337 14,581
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (3,787) (3,737)
Purchases of trading securities (1,835) (2,287)
Sales of trading securities 582 380
Purchase of available for sale securities (30,031) (21,312)
Sale and maturity of available for sale securities 8,543 35,217
Net cash from (used in) investing activities (26,528) 8,261
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (7,423) (8,809)
Dividends paid in cash (11,874) (11,703)
Proceeds from bank loans 1,070 928
Repayment of bank loans (896) (880)
Net cash used in financing activities (19,123) (20,464)
Effect of exchange rate changes on cash (252) (2,278)
Increase (Decrease) in cash and cash equivalents (30,566) 100
Cash, cash equivalents and restricted cash at beginning of year 167,256 139,340
Cash, cash equivalents and restricted cash at end of quarter 136,690 139,440
Supplemental cash flow information:    
Income taxes paid/(received), net 1,233 794
Interest paid 2 23
Stock dividend issued $ 64,667 $ 63,402