XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 1,325 $ 1,162
Adjustments to reconcile net earnings to net cash provided by operating activities -    
Depreciation 623 733
Amortization 82 71
Bad debt expense 17 145
Deferred income taxes 39 360
Net foreign currency transaction gains (115) (356)
Share-based compensation expense 545 351
Pension expense 0 111
Increase in cash surrender value of life insurance (150) (135)
Changes in operating assets and liabilities -    
Accounts receivable 2,273 4,878
Inventories 11,700 18,704
Prepaid expenses and other assets 572 2,176
Accounts payable (1,839) (8,477)
Accrued liabilities and other (1,425) (5,410)
Accrued income taxes 522 680
Net cash provided by operating activities 14,169 14,993
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 1,720 4,510
Purchases of investment securities (20,011) 0
Purchases of property, plant and equipment (73) (1,797)
Net cash (used for) provided by investing activities (18,364) 2,713
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (2,319) (4,694)
Shares purchased and retired (1,079) (1,304)
Proceeds from bank borrowings 0 11,883
Repayments of bank borrowings 0 (18,932)
Net cash used for financing activities (3,398) (13,047)
Effect of exchange rate changes on cash and cash equivalents (23) (277)
Net (decrease) increase in cash and cash equivalents (7,616) 4,382
CASH AND CASH EQUIVALENTS at beginning of period 32,476 9,799
CASH AND CASH EQUIVALENTS at end of period 24,860 14,181
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 24 235
Interest paid $ 7 $ 51