XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Cash flows from operating activities:    
Net earnings $ 20,728,000 $ 21,400,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for depreciation 2,740,000 2,887,000
Intangibles amortization 1,137,000 1,257,000
Benefit from doubtful accounts (285,000) 0
Non-cash retirement plan expense 695,000 672,000
Proceeds from insurance claim 0 527,000
Other 442,000 628,000
Changes in operating accounts:    
Accounts receivable, net 2,158,000 22,317,000
Inventories (73,198,000) (31,756,000)
Other assets and current assets 1,371,000 1,335,000
Accounts payable and accrued liabilities 2,014,000 10,123,000
Federal and state income taxes (3,595,000) (600,000)
Net cash provided by (used in) operating activities (45,793,000) 28,790,000
Cash flows from investing activities:    
Marketable securities purchased (5,432,000) (42,195,000)
Marketable securities - maturities and sales 15,056,000 42,127,000
Proceeds from note receivable 230,000 627,000
Purchase of property, plant and equipment (3,873,000) (1,693,000)
Net provided by (used in) investing activities 5,981,000 (1,134,000)
Proceeds from line of credit 8,000,000 0
Payments on line of credit (8,000,000) 0
Dividends paid (32,029,000) (28,385,000)
Proceeds from sale of treasury stock 513,000 429,000
Net cash used in financing activities (31,516,000) (27,956,000)
Net decrease in cash and cash equivalents (71,328,000) (300,000)
Cash and cash equivalents at beginning of period 87,657,000 70,711,000
Cash and cash equivalents at end of period 16,329,000 70,411,000
Supplemental disclosures of cash flow information:    
Interest $ 2,000 $ 0