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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 8,338 $ 8,411
Adjustments to reconcile net earnings to net cash provided by operating activities -    
Depreciation 2,971 2,708
Amortization 265 288
Bad debt expense 350 96
Deferred income taxes 2,192 1,537
Net foreign currency transaction gains (61) (389)
Stock-based compensation 1,174 1,121
Pension contributions (4,000) (2,400)
Pension expense 746 2,500
Increase in cash surrender value of life insurance (250) (250)
Changes in operating assets and liabilities -    
Accounts receivable (5,703) (3,714)
Inventories 12,195 26,641
Prepaid expenses and other assets 3,167 800
Accounts payable (6,838) (7,699)
Accrued liabilities and other 1,879 (1,023)
Accrued income taxes 22 (839)
Excess tax benefits from stock-based compensation (30) 0
Net cash provided by operating activities 16,417 27,788
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (14,719) (3,605)
Proceeds from maturities of marketable securities 10,710 4,190
Life insurance premiums paid (155) (155)
Purchases of property, plant and equipment (1,406) (4,872)
Net cash used for investing activities (5,570) (4,442)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (8,877) (8,678)
Cash dividends paid to noncontrolling interest of subsidiary (204) (170)
Shares purchased and retired (11,621) (9,368)
Proceeds from stock options exercised 2,013 585
Taxes paid related to the net share settlement of equity awards (51) 0
Payment of contingent consideration 0 (5,217)
Proceeds from bank borrowings 20,651 91,729
Repayments of bank borrowings (20,147) (95,568)
Excess tax benefits from stock-based compensation 0 3
Net cash used for financing activities (18,236) (26,684)
Effect of exchange rate changes on cash and cash equivalents 383 252
Net decrease in cash and cash equivalents (7,006) (3,086)
CASH AND CASH EQUIVALENTS at beginning of period 13,710 17,926
CASH AND CASH EQUIVALENTS at end of period 6,704 14,840
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 2,829 4,083
Interest paid $ 7 $ 228