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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 $ 2,502 $ 15,726
Depreciation and amortization 950 901
Deferred income taxes (3,278) 2,552
Equity in earnings of Kronos Worldwide, Inc. (8,207) (9,225)
Dividends received from Kronos Worldwide, Inc. 6,339 6,339
Marketable equity securities 12,073 (5,462)
Cash funding of benefit plans in excess of net benefit plan expense 244 9
Other, net 225 39
Change in assets and liabilities:    
Accounts and other receivables, net (3,364) (3,244)
Inventories, net (673) (1,475)
Prepaid expenses and other 129 181
Accounts payable and accrued liabilities (3,196) (3,949)
Income taxes 15 9
Accounts with affiliates 99 559
Accrued environmental remediation and related costs (269) (1,194)
Other noncurrent assets and liabilities, net (3) (16)
Net cash provided by operating activities 3,586 1,750
Cash flows from investing activities:    
Capital expenditures (360) (439)
Note receivable from affiliate:    
Collections 18,228 11,400
Loans (15,628) (17,400)
Net cash provided by (used in) investing activities 2,240 (6,439)
Cash flows from financing activities:    
Dividends paid (1,950)  
Distributions to noncontrolling interests in subsidiary (168) (117)
Net cash used in financing activities (2,118) (117)
Cash and cash equivalents and restricted cash and cash equivalents - net change from:    
Operating, investing and financing activities 3,708 (4,806)
Balance at beginning of period 157,870 120,989
Balance at end of period 161,578 116,183
Supplemental disclosures - cash paid (received) for:    
Interest 8 9
Income taxes, net $ (9) $ (16)