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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ (5,939) $ 19,209
Depreciation and amortization 1,010 961
Deferred income taxes 1,362 2,688
Equity in earnings of Kronos Worldwide, Inc. 4,637 (17,533)
Dividends received from Kronos Worldwide, Inc. 6,692 6,692
Marketable equity securities 5,498 (671)
Benefit plan expense greater (less) than cash funding 330 306
Noncash interest expense 187 239
Other, net (808) (73)
Change in assets and liabilities:    
Accounts and other receivables, net (845) (2,172)
Inventories, net 1,012 (2,490)
Prepaid expenses and other 172 (1,037)
Accounts payable and accrued liabilities (4,498) (2,966)
Accounts with affiliates (253) 7
Accrued environmental remediation and related costs (836) (35)
Other noncurrent assets and liabilities, net (443) (130)
Net cash provided by operating activities 7,278 2,995
Cash flows from investing activities:    
Capital expenditures (270) (1,717)
Proceeds from maturities 8,000  
Note receivable from affiliate:    
Collections 7,800 7,700
Loans (6,800) (7,100)
Purchases of marketable securities (32,824)  
Net cash provided by (used in) investing activities (24,094) (1,117)
Cash flows from financing activities:    
Dividends paid (3,417) (3,416)
Dividends paid to noncontrolling interests in subsidiary (388) (406)
Net cash used in financing activities (3,805) (3,822)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities (20,621) (1,944)
Balance at beginning of year 97,502 175,242
Balance at end of year 76,881 173,298
Supplemental disclosures - cash paid for:    
Interest 12 6
Income taxes, net $ 171 $ 9