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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 75,892 $ 65,308 $ 58,974
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 17,668 17,570 18,184
Deferred income taxes 1,535 (1,263) (279)
Amortization of marketable security premiums 5,531 3,837 1,404
Changes in operating assets and liabilities:      
Accounts receivable (3,073) (14,130) 3,483
Other receivables (1,020) (706) 636
Inventories (28,415) 3,940 (770)
Prepaid expenses and other assets 49 2,622 2,961
Accounts payable and accrued liabilities 10,329 10,010 3,849
Income taxes payable (4,565) (1,296) 3,012
Postretirement health care benefits (804) (1,281) (1,041)
Deferred compensation and other liabilities (1,076) 687 (15,703)
Net cash provided by operating activities 72,051 85,298 74,710
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (23,356) (31,426) (17,970)
Repayment of premiums on split dollar life insurance policies   2,514 23,527
Purchases of trading securities (1,543) (2,668) (3,183)
Sales of trading securities 2,806 968 18,058
Purchase of available for sale securities (96,114) (108,576) (109,816)
Sale and maturity of available for sale securities 49,618 47,289 98,885
Net cash (used in) provided by investing activities (68,589) (91,899) 9,501
CASH FLOWS FROM FINANCING ACTIVITIES:      
Shares purchased and retired (31,910) (30,184) (32,055)
Dividends paid in cash (24,629) (24,136) (23,810)
Proceeds from bank loans 3,989 3,792 3,902
Repayment of bank loans (3,850) (3,618) (3,883)
Net cash used in financing activities (56,400) (54,146) (55,846)
Effect of exchange rate changes on cash 347 (283) (449)
Increase (decrease) in cash and cash equivalents (52,591) (61,030) 27,916
Cash, cash equivalents and restricted cash at beginning of year 106,226 167,256 139,340
Cash, cash equivalents and restricted cash at end of year 53,635 106,226 167,256
Supplemental cash flow information:      
Income taxes paid 23,884 22,855 14,503
Interest paid 78 6 57
Stock dividend issued $ 70,242 $ 64,667 $ 63,402