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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 23,769 $ 20,164
Income from discontinued operations 0 1,381
Income from continuing operations 23,769 18,783
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation, depletion and amortization 10,935 9,580
Amortization of deferred financing fees 251 387
Deferred income taxes 5,414 3,731
Other (2,721) 610
Working capital changes:    
Affiliates receivable/payable 6,709 513
Accounts receivable 4,067 (2,792)
Inventories (3,166) (1,693)
Other current assets 644 (100)
Accounts payable 492 2,289
Income taxes receivable/payable (2,172) 5,594
Other current liabilities (5,371) (2,084)
Net cash provided by operating activities of continuing operations 38,851 34,818
Net cash used for operating activities of discontinued operations 0 (7,700)
Net cash provided by operating activities 38,851 27,118
Investing activities    
Expenditures for property, plant and equipment (14,632) (9,211)
Proceeds from the sale of property, plant and equipment 340 2,006
Other 870 901
Net cash used for investing activities of continuing operations (13,422) (6,304)
Net cash used for investing activities of discontinued operations 0 (4,345)
Net cash used for investing activities (13,422) (10,649)
Financing activities    
Additions to long-term debt 759 7
Reductions of long-term debt (40,966) (35,015)
Cash dividends paid (3,433) (5,552)
Cash dividends received from Hamilton Beach Brands Holding Co. (See Note 10) 0 38,000
Purchase of treasury shares (339) 0
Other 0 (1,324)
Net cash used for financing activities of continuing operations (43,979) (3,884)
Net cash provided by financing activities of discontinued operations 0 3,747
Net cash used for financing activities (43,979) (137)
Effect of exchange rate changes on cash of discontinued operations 0 71
Cash and cash equivalents    
Total increase (decrease) for the period (18,550) 16,403
Net change related to discontinued operations 0 8,227
Balance at the beginning of the period 101,600 69,308
Balance at the end of the period $ 83,050 $ 93,938