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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 28,114 $ 24,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 9,205 8,451
Deferred income taxes 313 (233)
Amortization of marketable security premiums 2,325 2,792
Changes in operating assets and liabilities:    
Accounts receivable 9,601 10,165
Other receivables (3,338) (745)
Inventories (54,304) (45,483)
Prepaid expenses and other assets 3,233 2,206
Accounts payable and accrued liabilities 353 3,214
Income taxes payable (769) (3,813)
Postretirement health care benefits (378) (431)
Deferred compensation and other liabilities 503 494
Net cash (used in) provided by operating activities (5,142) 617
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (10,723) (10,194)
Purchases of trading securities (1,358) (1,112)
Sales of trading securities 528 205
Purchase of available for sale securities (48,522) (57,731)
Sale and maturity of available for sale securities 66,507 25,993
Net cash provided by (used in) investing activities 6,432 (42,839)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (16,548) (5,023)
Dividends paid in cash (12,531) (12,237)
Proceeds from bank loans 1,997 2,182
Repayment of bank loans (2,013) (2,018)
Net cash used in financing activities (29,095) (17,096)
Effect of exchange rate changes on cash 588 75
Decrease in cash and cash equivalents (27,217) (59,243)
Cash, cash equivalents and restricted cash at beginning of year 53,635 106,226
Cash, cash equivalents and restricted cash at end of quarter 26,418 46,983
Supplemental cash flow information:    
Income taxes paid/(received), net 9,521 11,415
Interest paid 120 13
Stock dividend issued $ 86,433 $ 70,242