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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (8,530) $ 50,266
Depreciation and amortization 2,009 1,956
Deferred income taxes (5,957) 9,099
Equity in (earnings) losses of Kronos Worldwide, Inc. 7,153 (31,524)
Dividends received from Kronos Worldwide, Inc. 13,384 13,384
Marketable equity securities 10,959 (19,871)
Loss on pension plan termination 4,911  
Benefit plan expense greater than cash funding 355 278
Noncash interest income (1,839)  
Noncash interest expense 374 480
Other, net 199 (32)
Change in assets and liabilities:    
Accounts and other receivables, net 2,787 (1,995)
Inventories, net (2,585) (7,735)
Prepaid expenses and other 508 (1,249)
Accounts payable and accrued liabilities (1,777) 663
Accounts with affiliates 622 (115)
Accrued environmental remediation and related costs (999) 96
Other noncurrent assets and liabilities, net (646) (76)
Net cash provided by operating activities 20,928 13,625
Cash flows from investing activities:    
Capital expenditures (478) (2,215)
Purchases (49,966)  
Proceeds from maturities 26,000  
Note receivable from affiliate:    
Collections 14,700 12,400
Loans (13,700) (10,300)
Other, net   150
Net cash provided by (used in) investing activities (23,444) 35
Cash flows from financing activities:    
Dividends paid (6,834) (6,833)
Subsidiary treasury stock acquired   (1,744)
Dividends paid to noncontrolling interests in subsidiary (778) (812)
Other, net   (16)
Net cash used in financing activities (7,612) (9,405)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities (10,128) 4,255
Balance at beginning of year 97,502 175,242
Balance at end of period 87,374 179,497
Supplemental disclosures - cash paid (received) for:    
Interest 24 14
Income taxes, net $ (570) $ 164