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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 29,540 $ 20,555
Adjustments to reconcile net earnings to net cash (used for) provided by operating activities -    
Depreciation 2,485 2,490
Amortization 282 307
Bad debt expense 151 198
Deferred income taxes 1,297 910
Net foreign currency transaction losses (gains) 43 (233)
Share-based compensation expense 1,523 1,575
Pension settlement charge 894 0
Pension expense (benefit) 178 (26)
Impairment of long-lived assets 0 1,131
Impairment of trademark 1,150 0
Loss on disposal of fixed assets 117 44
Gain from fair value measurement of contingent consideration (857) 0
Increase in cash surrender value of life insurance (690) (636)
Changes in operating assets and liabilities, net of effects from acquisition    
Accounts receivable (282) (18,717)
Inventories (56,963) (11,349)
Prepaid expenses and other assets (1,429) 71
Accounts payable (4,293) 10,755
Accrued liabilities and other (2,553) (1,567)
Accrued income taxes (497) 884
Net cash (used for) provided by operating activities (29,904) 6,392
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of business 0 (2,550)
Proceeds from maturities of marketable securities 1,719 4,791
Purchases of investment securities 0 (35,000)
Proceeds from sale of investment securities 8,049 26,878
Life insurance premiums paid 0 (111)
Purchases of property, plant and equipment (2,342) (1,007)
Net cash provided by (used for) investing activities 7,426 (6,999)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (6,951) (9,345)
Shares purchased and retired (4,195) (2,525)
Net proceeds from stock options exercised 293 2
Taxes paid related to the net share settlement of equity awards (12) 0
Proceeds from bank borrowings 120,608 0
Repayments of bank borrowings (89,472) 0
Net cash provided by (used for) financing activities 20,271 (11,868)
Effect of exchange rate changes on cash and cash equivalents (628) (290)
Net decrease in cash and cash equivalents (2,835) (12,765)
CASH AND CASH EQUIVALENTS at beginning of year 19,711 32,476
CASH AND CASH EQUIVALENTS at end of year 16,876 19,711
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 9,441 5,806
Interest paid $ 710 $ 80