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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 12,067 $ 10,491
Adjustments to reconcile net earnings to net cash (used for) provided by operating activities -    
Depreciation 2,478 2,842
Amortization 133 238
Bad debt expense 100 190
Deferred income taxes (209) 1,353
Net foreign currency transaction (gains) losses (105) 332
Share-based compensation expense 1,102 1,149
Pension contribution 0 (3,000)
Pension expense 785 522
Increase in cash surrender value of life insurance (250) (250)
Changes in operating assets and liabilities -    
Accounts receivable (5,413) (7,557)
Inventories (8,622) 180
Prepaid expenses and other assets 1,731 2,756
Accounts payable (6,418) (2,928)
Accrued liabilities and other (1,873) (4,749)
Accrued income taxes 338 278
Net cash (used for) provided by operating activities (4,156) 1,847
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of marketable securities (14,641) (7,819)
Proceeds from maturities of marketable securities 11,865 7,450
Life insurance premiums paid (155) (155)
Purchases of property, plant and equipment (4,564) (876)
Net cash used for investing activities (7,495) (1,400)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (9,408) (9,213)
Cash dividends paid to noncontrolling interest of subsidiary 0 (88)
Payment to acquire noncontrolling interest of subsidiary 0 (3,740)
Shares purchased and retired (4,029) (6,589)
Net proceeds from stock options exercised 161 4,308
Taxes paid related to the net share settlement of equity awards (5) (699)
Proceeds from bank borrowings 113,711 20,309
Repayments of bank borrowings (102,689) (12,261)
Net cash used for financing activities (2,259) (7,973)
Effect of exchange rate changes on cash and cash equivalents (8) (177)
Net decrease in cash and cash equivalents (13,918) (7,703)
CASH AND CASH EQUIVALENTS at beginning of period 22,973 23,453
CASH AND CASH EQUIVALENTS at end of period 9,055 15,750
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 3,385 1,915
Interest paid $ 162 $ 10