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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Cash flows from operating activities:    
Net earnings $ 8,878,000 $ 2,915,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for depreciation 1,328,000 658,000
Intangibles amortization 379,000 54,000
Non-cash retirement plan expense 259,000 212,000
Proceeds from insurance claim 0 90,000
Other 246,000 128,000
Changes in operating accounts:    
Accounts receivable, net 29,050,000 17,606,000
Inventories (3,081,000) (7,689,000)
Other assets and current assets (2,317,000) (5,019,000)
Accounts payable and accrued liabilities 378,000 (4,358,000)
Federal and state income taxes 2,351,000 841,000
Net cash provided by operating activities 37,471,000 5,438,000
Cash flows from investing activities:    
Marketable securities purchased (5,385,000) (3,640,000)
Marketable securities - maturities and sales 1,253,000 2,454,000
Proceeds from note receivable 6,000 78,000
Purchase of property, plant and equipment (498,000) (172,000)
Proceeds from insurance claim 23,000 0
Net used in investing activities (4,601,000) (1,280,000)
Cash flows from financing activities:    
Dividends paid (28,385,000) (31,827,000)
Proceeds from sale of treasury stock 429,000 436,000
Other 0 (41,000)
Net cash used in financing activities (27,956,000) (31,432,000)
Net decrease in cash and cash equivalents 4,914,000 (27,274,000)
Cash and cash equivalents at beginning of period 70,711,000 109,805,000
Cash and cash equivalents at end of period $ 75,625,000 $ 82,531,000