XML 33 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 30,337 $ 29,607 $ 21,984
Income from discontinued operations 1,874 26,651 19,711
Income from continuing operations 28,463 2,956 2,273
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation, depletion and amortization 12,767 13,050 17,372
Amortization of deferred financing fees 471 371 845
Deferred income taxes 4,089 10,910 (5,262)
Centennial asset impairment charge 982 17,443 0
(Gain) loss on sale of assets (5,130) 170 (1,784)
Other 15,823 3,049 2,113
Working capital changes:      
Affiliates receivable/payable 516 (992) (3,630)
Accounts receivable (9,311) (8,670) 58,644
Inventories (1,129) 6,708 9,726
Other current assets (982) (1,925) 3,863
Accounts payable 1,049 207 (5,007)
Income taxes receivable/payable 1,063 (3,372) (2,425)
Other current liabilities 334 (8,533) 4,786
Net cash provided by operating activities of continuing operations 49,005 31,372 81,514
Net cash (used for) provided by operating activities of discontinued operations (7,700) 62,563 26,488
Net cash provided by operating activities 41,305 93,935 108,002
Investing Activities      
Expenditures for property, plant and equipment (15,704) (10,165) (4,444)
Proceeds from the sale of assets 3,956 7,983 3,430
Other 1,088 (1,710) (734)
Net cash used for investing activities of continuing operations (10,660) (3,892) (1,748)
Net cash used for investing activities of discontinued operations (4,345) (5,925) (6,543)
Net cash used for investing activities (15,005) (9,817) (8,291)
Financing Activities      
Reductions of long-term debt (6,047) (2,564) (2,829)
Net reductions to revolving credit agreements (30,000) (20,000) (80,000)
Cash dividends paid (6,682) (7,262) (7,296)
Cash dividends received from Hamilton Beach Brands Holding Co. (See Note 3) 38,000 42,000 15,000
Purchase of treasury shares 0 (6,044) (24,010)
Other (1,324) (3) 922
Net cash (used for) provided by financing activities of continuing operations (6,053) 6,127 (98,213)
Net cash (used for) provided by financing activities of discontinued operations 3,747 (61,837) (10,088)
Net cash used for financing activities (2,306) (55,710) (108,301)
Effect of exchange rate changes on cash of discontinued operations 71 (259) (46)
Cash and Cash Equivalents      
Total increase (decrease) for the year 24,065 28,149 (8,636)
Net decrease (increase) related to discontinued operations 8,227 5,458 (9,811)
Balance at the beginning of the year 69,308 35,701 54,148
Balance at the end of the year $ 101,600 $ 69,308 $ 35,701