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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 31,469 $ 28,114
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 9,162 9,205
Deferred income taxes (486) 313
Amortization of marketable security premiums 1,103 2,325
Changes in operating assets and liabilities:    
Accounts receivable 9,438 9,601
Other receivables 1,823 (3,338)
Inventories (35,338) (54,304)
Prepaid expenses and other assets (657) 3,233
Accounts payable and accrued liabilities 798 353
Income taxes payable (8,643) (769)
Postretirement health care benefits (334) (378)
Deferred compensation and other liabilities 442 503
Net cash provided by (used in) operating activities 8,777 (5,142)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (8,421) (10,723)
Purchases of trading securities (1,587) (1,358)
Sales of trading securities 442 528
Purchase of available for sale securities (55,131) (48,522)
Sale and maturity of available for sale securities 38,779 66,507
Net cash (used in) provided by investing activities (25,918) 6,432
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired   (16,548)
Dividends paid in cash (12,634) (12,531)
Proceeds from bank loans 1,039 1,997
Repayment of bank loans (1,051) (2,013)
Net cash used in financing activities (12,646) (29,095)
Effect of exchange rate changes on cash (516) 588
Decrease in cash and cash equivalents (30,303) (27,217)
Cash, cash equivalents and restricted cash at beginning of year 76,290 53,635
Cash, cash equivalents and restricted cash at end of quarter 45,987 26,418
Supplemental cash flow information:    
Income taxes paid/(received), net 17,728 9,521
Interest paid 137 120
Stock dividend issued $ 66,243 $ 86,433