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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 62,491 $ 50,561
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 13,783 13,250
Deferred income taxes 21 (921)
Amortization of marketable security premiums 3,188 4,313
Changes in operating assets and liabilities:    
Accounts receivable (20,580) (27,489)
Other receivables 20 (823)
Inventories (22,437) (34,012)
Prepaid expenses and other assets (15,472) 5,886
Accounts payable and accrued liabilities 14,023 22,126
Income taxes payable 4,134 (446)
Postretirement health care benefits (551) (630)
Deferred compensation and other liabilities 986 (1,219)
Net cash provided by operating activities 39,606 30,596
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (19,458) (17,552)
Purchases of trading securities (1,526) (1,292)
Sales of trading securities 574 2,567
Purchase of available for sale securities (65,616) (75,125)
Sale and maturity of available for sale securities 86,259 38,439
Net cash provided by (used in) investing activities 233 (52,963)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (27,550) (8,024)
Dividends paid in cash (18,825) (18,438)
Proceeds from bank loans 2,922 3,240
Repayment of bank loans (2,939) (3,102)
Net cash used in financing activities (46,392) (26,324)
Effect of exchange rate changes on cash 598 13
Decrease in cash and cash equivalents (5,955) (48,678)
Cash, cash equivalents and restricted cash at beginning of year 53,635 106,226
Cash, cash equivalents and restricted cash at end of quarter 47,680 57,548
Supplemental cash flow information:    
Income taxes paid/(received), net 15,524 15,580
Interest paid 187 36
Stock dividend issued $ 86,433 $ 70,242