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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 50,561 $ 45,274
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 13,250 12,793
Deferred income taxes (921) (1,444)
Amortization of marketable security premiums 4,313 2,645
Changes in operating assets and liabilities:    
Accounts receivable (27,489) (39,947)
Other receivables (823) (291)
Inventories (34,012) (12,440)
Prepaid expenses and other assets 5,886 3,980
Accounts payable and accrued liabilities 22,126 22,182
Income taxes payable (446) (83)
Postretirement health care benefits (630) (1,026)
Deferred compensation and other liabilities (1,219) 510
Net cash provided by operating activities 30,596 32,153
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (17,552) (22,930)
Repayment of premiums on split dollar life insurance policies   2,514
Purchases of trading securities (1,292) (2,108)
Sales of trading securities 2,567 582
Purchase of available for sale securities (75,125) (87,060)
Sale and maturity of available for sale securities 38,439 34,510
Net cash used in investing activities (52,963) (74,492)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (8,024) (30,184)
Dividends paid in cash (18,438) (18,100)
Proceeds from bank loans 3,240 2,970
Repayment of bank loans (3,102) (2,798)
Net cash used in financing activities (26,324) (48,112)
Effect of exchange rate changes on cash 13 (202)
Decrease in cash and cash equivalents (48,678) (90,653)
Cash, cash equivalents and restricted cash at beginning of year 106,226 167,256
Cash, cash equivalents and restricted cash at end of quarter 57,548 76,603
Supplemental cash flow information:    
Income taxes paid/(received), net 15,580 15,237
Interest paid 36 5
Stock dividend issued $ 70,242 $ 64,667