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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 65,308 $ 58,974 $ 64,839
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 17,570 18,184 18,779
Deferred income taxes (1,263) (279) 2,832
Impairment of majority-owned foreign subsidiaries     377
Amortization of marketable security premiums 3,837 1,404 1,282
Changes in operating assets and liabilities:      
Accounts receivable (14,130) 3,483 5,086
Other receivables (706) 636 (313)
Inventories 3,940 (770) (4,383)
Prepaid expenses and other assets 2,622 2,961 4,362
Accounts payable and accrued liabilities 10,010 3,849 1,080
Income taxes payable (1,296) 3,012 4,336
Postretirement health care benefits (1,281) (1,041) (1,478)
Deferred compensation and other liabilities 687 (15,703) 3,422
Net cash provided by operating activities 85,298 74,710 100,221
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (31,426) (17,970) (20,258)
Repayment of premiums on split dollar life insurance policies 2,514 23,527  
Purchases of trading securities (2,668) (3,183) (3,427)
Sales of trading securities 968 18,058 795
Purchase of available for sale securities (108,576) (109,816) (67,730)
Sale and maturity of available for sale securities 47,289 98,885 75,611
Net cash used in investing activities (91,899) 9,501 (15,009)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Shares purchased and retired (30,184) (32,055) (34,116)
Dividends paid in cash (24,136) (23,810) (23,460)
Proceeds from bank loans 3,792 3,902 3,582
Repayment of bank loans (3,618) (3,883) (3,193)
Net cash used in financing activities (54,146) (55,846) (57,187)
Effect of exchange rate changes on cash (283) (449) 28
Increase (decrease) in cash and cash equivalents (61,030) 27,916 28,053
Cash, cash equivalents and restricted cash at beginning of year 167,256 139,340 111,287
Cash, cash equivalents and restricted cash at end of year 106,226 167,256 139,340
Supplemental cash flow information:      
Income taxes paid 22,855 14,503 13,858
Interest paid 6 57 121
Stock dividend issued $ 64,667 $ 63,402 $ 70,557