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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 3,710 $ 5,677
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities -    
Depreciation 1,835 1,738
Amortization 194 222
Bad debt expense 45 111
Deferred income taxes 772 (483)
Net foreign currency transaction (gains) losses (148) 443
Stock-based compensation 727 721
Pension contribution (2,400) (357)
Pension expense 1,667 1,874
Increase in cash surrender value of life insurance (115) (115)
Changes in operating assets and liabilities -    
Accounts receivable 14,616 11,407
Inventories 20,558 (17,000)
Prepaid expenses and other assets 1,519 2,678
Accounts payable (8,827) (8,450)
Accrued liabilities and other (2,329) (5,759)
Accrued income taxes (2,755) (1,411)
Net cash provided by (used for) operating activities 29,069 (8,704)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of marketable securities (2,245) (600)
Proceeds from maturities of marketable securities 2,670 4,150
Life insurance premiums paid (155) (155)
Purchase of property, plant and equipment (3,475) (958)
Net cash (used for) provided by investing activities (3,205) 2,437
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (6,483) (6,256)
Shares purchased and retired (6,106) (2,421)
Proceeds from stock options exercised 453 2,512
Payment of contingent consideration (5,217) 0
Proceeds from bank borrowings 58,993 75,935
Repayments of bank borrowings (70,401) (63,216)
Income tax benefits from stock-based compensation 0 451
Net cash (used for) provided by financing activities (28,761) 7,005
Effect of exchange rate changes on cash and cash equivalents 274 (142)
Net (decrease) increase in cash and cash equivalents (2,623) 596
CASH AND CASH EQUIVALENTS at beginning of period 17,926 12,499
CASH AND CASH EQUIVALENTS at end of period 15,303 13,095
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 3,989 4,735
Interest paid $ 158 $ 30