XML 22 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 25,188 $ 35,815 $ 39,979
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 12,692 13,749 14,484
Pension expense 7,489 2,823 4,909
Contributions to pension plan (2,000) 0 (4,000)
Deferred income tax charge (benefit) 544 (1,198) 337
Stock based compensation 42 1,025 1,674
Other 11 (53) (44)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net 15,247 2,218 (1,196)
Inventories, net (5,310) 11,452 (13,601)
Accounts payable (6,845) (601) 1,299
Commissions payable (1,565) (2,140) 1,737
Deferred revenue and customer deposits 2,953 (321) 741
Accrued expenses and other 5,162 102 1,490
Income taxes (2,446) (697) (6,599)
Net cash provided by operating activities 51,162 62,174 41,210
Cash flows from investing activities:      
Capital additions (7,999) (10,912) (10,947)
(Purchase of) Proceeds from short-term investments, net (4) (4) 2,967
Other 299 69 512
Net cash used for investing activities (7,704) (10,847) (7,468)
Cash flows from financing activities:      
Regular cash dividends (15,394) (14,370) (13,317)
Special cash dividend 0 0 (52,234)
Treasury share repurchases (361) (2,610) 0
Other (381) (383) 0
Net cash used for financing activities (16,136) (17,363) (65,551)
Effect of exchange rate changes on cash 326 133 (1,413)
Net increase (decrease) in cash and cash equivalents 27,648 34,097 (33,222)
Cash and cash equivalents:      
Beginning of year 80,555 46,458 79,680
End of period $ 108,203 $ 80,555 $ 46,458