XML 20 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 5,486 $ 7,222
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,182 3,566
Pension expense 2,225 659
Stock based compensation (93) 55
Changes in operating assets and liabilities:    
Accounts receivable, net 1,951 1,940
Inventories, net (2,906) 1,893
Accounts payable (786) (342)
Commissions payable (605) (1,866)
Deferred revenue and customer deposits 675 768
Income taxes 1,781 714
Accrued expenses and other (907) (2,122)
Benefit obligations (1,571) (2,828)
Net cash provided by operating activities 8,432 9,659
Cash used for investing activities, capital additions (1,667) (2,124)
Cash used for financing activities:    
Cash dividends (3,780) (3,526)
Treasury share repurchases (361)
Other (284) (417)
Net cash used for financing activities (4,425) (3,943)
Effect of exchange rate changes on cash (459) 127
Net increase in cash and cash equivalents 1,881 3,719
Cash and cash equivalents:    
Beginning of period 80,555 46,458
End of period $ 82,436 $ 50,177