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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 64,302 $ 62,491
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 13,717 13,783
Deferred income taxes (883) 21
Amortization of marketable security premiums 1,560 3,188
Changes in operating assets and liabilities:    
Accounts receivable (18,459) (20,580)
Other receivables 4,118 20
Inventories (1,132) (22,437)
Prepaid expenses and other assets 3,581 (15,472)
Accounts payable and accrued liabilities 10,256 14,023
Income taxes payable (7,719) 4,134
Postretirement health care benefits (488) (551)
Deferred compensation and other liabilities 1,249 986
Net cash provided by operating activities 70,102 39,606
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (13,911) (19,458)
Purchases of trading securities (1,934) (1,526)
Sales of trading securities 482 574
Purchase of available for sale securities (82,391) (65,616)
Sale and maturity of available for sale securities 65,578 86,259
Net cash (used in) provided by investing activities (32,176) 233
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shares purchased and retired (2,196) (27,550)
Dividends paid in cash (19,062) (18,825)
Proceeds from bank loans 2,885 2,922
Repayment of bank loans (2,908) (2,939)
Net cash used in financing activities (21,281) (46,392)
Effect of exchange rate changes on cash (846) 598
Increase (decrease) in cash and cash equivalents 15,799 (5,955)
Cash, cash equivalents and restricted cash at beginning of year 76,290 53,635
Cash, cash equivalents and restricted cash at end of quarter 92,089 47,680
Supplemental cash flow information:    
Income taxes paid, net 26,861 15,524
Interest paid 204 187
Stock dividend issued $ 66,243 $ 86,433