XML 31 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) Attributable to Parent $ 1,102 $ 392
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 233 212
Amortization of intangible assets 423 413
Unrealized (gains) losses on investments 1,133 (374)
Stock based compensation expense 2,616 3,252
Deferred income taxes (1,643) 273
Non-cash lease expense 305 242
Change in operating assets and liabilities:    
Net sales of investments - trading securities 12,916 16,554
Accounts receivable 1,844 2,981
Other current assets 326 (886)
Accounts payable and accrued liabilities (469) (275)
Compensation and benefits payable (7,356) (12,305)
Income taxes payable 475 379
Other liabilities (383) (293)
Net Cash Provided by (Used in) Operating Activities 11,522 10,565
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (16) (71)
Payments to Acquire Intangible Assets 0 (250)
Net Cash Provided by (Used in) Investing Activities (16) (321)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchases of treasury stock (3,947) (981)
Payment for Repurchases of Stock for Benefit Plan (697) 0
Restricted stock returned for payment of taxes (1,120) (2,385)
Cash dividends paid (7,324) (7,686)
Net Cash Provided by (Used in) Financing Activities (13,088) (11,052)
Effect of currency rate changes on cash (3,068) 780
Net Change in Cash and Cash Equivalents (4,650) (28)
Cash and cash equivalents, beginning of period 49,766 52,449
Cash and cash equivalents, end of period 45,116 52,421
Supplemental cash flow information:    
Cash paid during the period for income taxes 64 453
Accrued dividends 5,245 7,980
Accrued purchase of property and equipment 0 425
Accrued purchases of treasury stock $ 920 $ 0