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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 36,456 $ 53,360 $ 16,103
Depreciation and amortization 3,977 3,839 3,827
Deferred income taxes 2,291 7,453 (2,530)
Equity in earnings of Kronos Worldwide, Inc. (31,873) (34,323) (19,437)
Dividends received from Kronos Worldwide, Inc. 26,766 25,356 25,356
Marketable equity securities 8,085 (16,229) 8,671
Benefit plan expense greater (less) than cash funding 130 (220) (792)
Noncash interest expense 908 1,116 1,321
Other, net (288) (31) 93
Change in assets and liabilities:      
Accounts and other receivables, net (2,275) (4,488) 1,121
Inventories, net (5,832) (7,479) (193)
Prepaid expenses and other 353 (991) (237)
Accounts payable and accrued liabilities (10,395) (9,399) (13,163)
Income taxes (3) 13 (77)
Accounts with affiliates (662) 279 193
Accrued environmental remediation and related costs (582) (476) (1,092)
Other noncurrent assets and liabilities, net (125) (171) (141)
Net cash provided by operating activities 26,931 17,609 19,023
Cash flows from investing activities:      
Capital expenditures (3,695) (4,094) (1,740)
Note receivable from affiliate:      
Collections 29,800 40,600 33,428
Loans (24,300) (29,800) (34,828)
Purchases of marketable securities (69,959)    
Other, net 284 2  
Net cash provided by (used in) investing activities (67,870) 6,708 (3,140)
Cash flows from financing activities:      
Dividends paid (30,753) (11,712) (7,805)
Subsidiary treasury stock acquired (1,744) (1,311)  
Dividends paid to noncontrolling interests in subsidiary (4,304) (1,324) (676)
Net cash used in financing activities (36,801) (14,347) (8,481)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:      
Operating, investing and financing activities (77,740) 9,970 7,402
Balance at beginning of year 175,242 165,272 157,870
Balance at end of year 97,502 175,242 165,272
Supplemental disclosures - cash paid for:      
Interest 34 26 27
Income taxes, net $ 1,140 $ 32 $ 46