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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 20,320 $ 21,646
Adjustments to reconcile net earnings to net cash provided by operating activities -    
Depreciation 1,848 1,930
Amortization 199 204
Bad debt expense 19 107
Deferred income taxes (351) (82)
Net foreign currency transaction losses (gains) 79 (9)
Share-based compensation expense 1,086 996
Pension expense 693 970
Loss on disposal of fixed assets 34  
Increase in cash surrender value of life insurance (315) (315)
Changes in operating assets and liabilities -    
Accounts receivable (7,534) (6)
Inventories 2,728 48,442
Prepaid expenses and other assets 3,277 2,775
Accounts payable (2,792) (10,164)
Accrued liabilities and other (2,937) (4,331)
Accrued income taxes 940 775
Net cash provided by operating activities 17,294 62,938
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 215 1,015
Purchases of property, plant and equipment (900) (2,565)
Net cash used for investing activities (685) (1,550)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid (9,614) (9,285)
Shares purchased and retired (567) (3,439)
Net proceeds from stock options exercised   33
Payment of contingent consideration   (500)
Taxes paid related to the net share settlement of equity awards (4) (173)
Proceeds from bank borrowings   70,060
Repayments of bank borrowings   (101,196)
Net cash used for financing activities (10,185) (44,500)
Effect of exchange rate changes on cash and cash equivalents (281) (367)
Net increase in cash and cash equivalents 6,143 16,521
CASH AND CASH EQUIVALENTS at beginning of period 69,312 16,876
CASH AND CASH EQUIVALENTS at end of period 75,455 33,397
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 6,251 6,462
Interest paid $ 15 $ 971