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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 53,360 $ 16,103 $ 28,035
Depreciation and amortization 3,839 3,827 3,685
Deferred income taxes 7,453 (2,530) 430
Equity in earnings of Kronos Worldwide, Inc. (34,323) (19,437) (26,470)
Dividends received from Kronos Worldwide, Inc. 25,356 25,356 25,356
Marketable equity securities (16,229) 8,671 863
Cash funding of benefit plans in excess of net benefit plan expense (220) (792) (1,574)
Noncash interest expense 1,116 1,321 646
Net gain from sale of excess property     (4,424)
Net gain from sale of business     (3,000)
Other, net (31) 93 281
Change in assets and liabilities:      
Accounts and other receivables, net (4,488) 1,121 15,487
Inventories, net (7,479) (193) (1,439)
Prepaid expenses and other (991) (237) (77)
Accounts payable and accrued liabilities (9,399) (13,163) (26,365)
Income taxes 13 (77) 33
Accounts with affiliates 279 193 444
Accrued environmental remediation and related costs (476) (1,092) (3,703)
Other noncurrent assets and liabilities, net (171) (141) 19,227
Net cash provided by operating activities 17,609 19,023 27,435
Cash flows from investing activities:      
Capital expenditures (4,094) (1,740) (3,166)
Note receivable from affiliate:      
Loans (29,800) (34,828) (34,900)
Collections 40,600 33,428 40,800
Proceeds from sale of excess property     4,636
Proceeds from sale of business     2,925
Cash, cash equivalents and restricted cash and cash equivalents of business at time of sale     (504)
Other 2   125
Net cash provided by (used in) investing activities 6,708 (3,140) 9,916
Cash flows from financing activities:      
Dividends paid (11,712) (7,805)  
Subsidiary treasury stock acquired (1,311)    
Dividends paid to noncontrolling interests in subsidiary (1,324) (676) (470)
Net cash used in financing activities (14,347) (8,481) (470)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:      
Operating, investing and financing activities 9,970 7,402 36,881
Balance at beginning of year 165,272 157,870 120,989
Balance at end of year 175,242 165,272 157,870
Supplemental disclosures - cash paid for:      
Interest 26 27 36
Income taxes, net $ 32 $ 46 (118)
Noncash investing - receivable from sale of business     $ 325