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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 20,555 $ 19,358
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation 8,757 9,219
Deferred income taxes 378 (568)
Amortization of marketable security premiums 1,644 557
Changes in operating assets and liabilities:    
Accounts receivable 5,040 14,333
Other receivables 64 (1,208)
Inventories (28,665) (36,863)
Prepaid expenses and other assets (1,260) 1,183
Accounts payable and accrued liabilities 7,388 40
Income taxes payable (3,068) 5,033
Postretirement health care benefits (690) (573)
Deferred compensation and other liabilities 635 369
Net cash provided by operating activities 10,778 10,880
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (12,327) (6,410)
Purchases of trading securities (1,959) (2,438)
Sales of trading securities 582 380
Purchase of available for sale securities (58,154) (53,269)
Sale and maturity of available for sale securities 19,798 44,466
Net cash from (used in) investing activities (52,060) (17,271)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (17,181) (12,959)
Dividends paid in cash (12,034) (11,853)
Proceeds from bank loans 2,032 2,133
Repayment of bank loans (1,847) (2,019)
Net cash used in financing activities (29,030) (24,698)
Effect of exchange rate changes on cash 75 (1,582)
Increase (Decrease) in cash and cash equivalents (70,237) (32,671)
Cash, cash equivalents and restricted cash at beginning of year 167,256 139,340
Cash, cash equivalents and restricted cash at end of quarter 97,019 106,669
Supplemental cash flow information:    
Income taxes paid/(received), net 13,120 1,035
Interest paid 4 49
Stock dividend issued $ 64,667 $ 63,402