XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net earnings $ 7,610,000 $ 6,568,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Provision for depreciation 841,000 1,095,000
Intangibles amortization 379,000 379,000
Benefit from doubtful accounts 0 (285,000)
Non-cash retirement plan expense 292,000 262,000
Other 106,000 79,000
Changes in operating accounts:    
Accounts receivable, net 15,430,000 10,913,000
Inventories (9,636,000) (13,564,000)
Other assets and current assets (3,641,000) (1,598,000)
Accounts payable and accrued liabilities (3,014,000) (73,000)
Federal and state income taxes 4,093,000 1,779,000
Net cash provided by operating activities 12,460,000 5,555,000
Cash flows from investing activities:    
Marketable securities purchased 0 (2,926,000)
Marketable securities - maturities and sales 497,000 5,009,000
Proceeds from note receivable 403,000 174,000
Purchase of property, plant and equipment (22,983,000) (389,000)
Net (used in) provided by investing activities (22,083,000) 1,868,000
Cash flows from financing activities:    
Proceeds from line of credit 2,839,000 0
Payments on line of credit (2,839,000) 0
Dividends paid (7,142,000) (32,029,000)
Proceeds from sale of treasury stock 120,000 513,000
Other 0 (18,000)
Net cash used in financing activities (7,022,000) (31,534,000)
Net decrease in cash and cash equivalents (16,645,000) (24,111,000)
Cash and cash equivalents at beginning of period 17,663,000 87,657,000
Cash and cash equivalents at end of period 1,018,000 63,546,000
Supplemental disclosures of cash flow information:    
Interest $ 4,000 $ 0