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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 11,054 $ 11,296
Adjustments to reconcile net earnings to net cash used for operating activities -    
Depreciation 2,700 2,775
Amortization 334 263
Bad debt expense 190 195
Deferred income taxes 456 (47)
Net foreign currency transaction losses 783 174
Stock-based compensation 1,112 1,046
Pension contributions (2,633) (1,300)
Pension expense 2,811 1,659
Increase in cash surrender value of life insurance (250) (250)
Changes in operating assets and liabilities -    
Accounts receivable (12,223) (14,702)
Inventories (23,844) (1,039)
Prepaid expenses and other assets 4,122 1,556
Accounts payable (7,584) (5,594)
Accrued liabilities and other (4,807) (418)
Accrued income taxes 553 1,010
Net cash used for operating activities (27,226) (3,376)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (2,300) (7,427)
Proceeds from maturities of marketable securities 6,305 7,001
Life insurance premiums paid (155) (155)
Purchases of property, plant and equipment (1,457) (1,908)
Net cash provided by (used for) investing activities 2,393 (2,489)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (8,414) (7,999)
Shares purchased and retired (4,760) (3,996)
Proceeds from stock options exercised 2,696 1,226
Proceeds from bank borrowings 127,253 70,757
Repayments of bank borrowings (90,684) (58,470)
Income tax benefits from stock-based compensation 463 85
Net cash provided by financing activities 26,554 1,603
Effect of exchange rate changes on cash and cash equivalents (320) 21
Net increase (decrease) in cash and cash equivalents 1,401 (4,241)
CASH AND CASH EQUIVALENTS at beginning of period 12,499 15,969
CASH AND CASH EQUIVALENTS at end of period 13,900 11,728
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 5,155 5,501
Interest paid $ 97 $ 84