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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Cash flows from operating activities:    
Net earnings $ 21,400,000 $ 18,526,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for depreciation 2,887,000 1,974,000
Intangibles amortization 1,257,000 186,000
Non-cash retirement plan expense 672,000 620,000
Proceeds from insurance claim 527,000 89,000
Gain on bargain purchase 0 (492,000)
Other 628,000 492,000
Changes in operating accounts:    
Accounts receivable, net 22,317,000 9,522,000
Inventories (31,756,000) (32,030,000)
Other assets and current assets 1,335,000 243,000
Accounts payable and accrued liabilities 10,123,000 (2,277,000)
Federal and state income taxes (600,000) (133,000)
Net cash provided by (used in) operating activities 28,790,000 (3,280,000)
Cash flows from investing activities:    
Marketable securities purchased (42,195,000) (12,575,000)
Marketable securities - maturities and sales 42,127,000 2,832,000
Proceeds from note receivable 627,000 76,000
Acquisition of business, net cash required 0 (3,125,000)
Purchase of property, plant and equipment (1,693,000) (522,000)
Net used in investing activities (1,134,000) (13,314,000)
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 (36,000)
Net cash used in financing activities (27,956,000) (31,427,000)
Net decrease in cash and cash equivalents (300,000) (48,021,000)
Cash and cash equivalents at beginning of period 70,711,000 109,805,000
Cash and cash equivalents at end of period $ 70,411,000 $ 61,784,000