| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net earnings | ||||||||||
42,220 | 39,940 | 52,959 | 44,564 | 40,496 | 26,477 | 41,252 | 38,875 | 47,968 | 63,531 | 62,576 |
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities: | ||||||||||
Provision for depreciation | ||||||||||
3,606 | 4,052 | 7,258 | 13,962 | 10,427 | 9,828 | 8,277 | 10,136 | 9,037 | 8,637 | 8,738 |
Intangibles amortization | ||||||||||
83 | 2,167 | 2,630 | 721 | 5,173 | 11,991 | 667 | 1,049 | 0 | 0 | - |
Deferred income tax (benefit) | ||||||||||
-224 | -121 | -4,001 | 6,360 | -998 | -1,005 | 239 | -4,792 | 5,096 | -399 | -33 |
Noncash income tax expense | ||||||||||
1,370 | - | - | - | - | - | - | - | - | - | - |
Net loss (gain) and impairment on divestiture of businesses | ||||||||||
- | -2,528 | - | - | - | - | - | - | - | - | - |
Net loss (gain) and impairment on divestiture of businesses from discontinued operations | ||||||||||
- | - | 11,413 | - | - | - | - | - | - | - | - |
Impairment of finite lived intangible assets | ||||||||||
- | - | - | - | - | 2,063 | - | - | - | - | - |
Net gain on involuntary conversion of machinery and equipment | ||||||||||
- | - | 2,713 | 968 | - | - | - | - | - | - | - |
Change in contingent consideration liability | ||||||||||
- | - | - | - | - | - | -3,000 | - | - | - | - |
Goodwill impairment | ||||||||||
- | - | - | - | - | - | 2,840 | 0 | 0 | - | - |
Loss on disposal and impairment of property, plant and equipment | ||||||||||
-322 | -163 | -248 | -434 | -70 | 2 | 154 | -5,843 | -10 | 1,290 | - |
Provision for doubtful accounts | ||||||||||
7 | 458 | 70 | 1 | 516 | 532 | 816 | 5,629 | 1,037 | 50 | - |
Non-cash retirement plan expense | ||||||||||
680 | 698 | 675 | 782 | 775 | 705 | 598 | - | - | - | - |
Gain on legal settlement | ||||||||||
2,300 | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||
-464 | -229 | -238 | -217 | -220 | -141 | -10 | -568 | -618 | -500 | -682 |
Changes in operating accounts: | ||||||||||
Accounts receivable, net | ||||||||||
-10,915 | -11,546 | -1,848 | 13,539 | -708 | -16,536 | 8,533 | 6,546 | -16,936 | -1,194 | 16,765 |
Inventories | ||||||||||
34,241 | -6,821 | 8,730 | 7,528 | 9,398 | -8,144 | 9,150 | -11,091 | 10,284 | 14,557 | -3,145 |
Other assets and current assets | ||||||||||
2,803 | -4,067 | 806 | -5,148 | 2,894 | -5,291 | 10,728 | -10,360 | 6,729 | 5,604 | 5,362 |
Accounts payable and accrued liabilities | ||||||||||
-11,561 | 6,066 | -11,462 | 12,145 | -2,684 | -6,033 | 2,948 | -9,999 | -711 | 6,138 | 7,090 |
Federal and state income taxes | ||||||||||
1,045 | -2,366 | -2,523 | 4,077 | 3,864 | -1,455 | -1,863 | 128 | -4,292 | -432 | 2,074 |
Net cash provided by operating activities | ||||||||||
9,583 | 76,248 | 24,278 | 66,376 | 46,275 | 73,213 | 24,219 | 62,342 | 58,686 | 57,768 | 62,145 |
Cash flows from investing activities: | ||||||||||
Marketable securities purchased | ||||||||||
105,409 | 163,271 | 192,584 | 86,119 | 20,170 | 8,976 | 6,151 | 26,023 | 40,962 | 45,464 | 78,486 |
Marketable securities - maturities and sales | ||||||||||
161,420 | 173,060 | 132,752 | 33,863 | 10,306 | 22,959 | 25,263 | 29,767 | 82,521 | 62,109 | 81,426 |
Proceeds from divestiture of businesses, net of cash paid | ||||||||||
- | 9,410 | 64,033 | - | - | - | - | - | - | - | - |
Purchase of property, plant and equipment | ||||||||||
3,138 | 8,686 | 7,396 | 6,950 | 6,461 | 11,287 | 36,256 | 13,584 | 15,003 | 17,972 | 3,337 |
Notes issued | ||||||||||
- | 2,300 | - | 2,419 | - | - | - | 3,500 | 220 | 1,580 | - |
Proceeds from note receivable | ||||||||||
2,146 | - | - | - | - | - | - | - | - | - | - |
Acquisition of business, net of cash acquired | ||||||||||
3,733 | - | - | - | - | 10,534 | - | 246 | 4,526 | - | - |
Proceeds from legal settlement | ||||||||||
2,300 | - | - | - | - | - | - | - | - | - | - |
Proceeds from insurance settlement | ||||||||||
807 | 2,630 | 2,104 | 987 | - | - | - | - | - | - | - |
Acquisition of intangible assets | ||||||||||
- | - | 1,000 | 211 | - | - | 21,968 | - | - | - | - |
Sale of property, plant and equipment | ||||||||||
767 | 1 | 1 | 3 | 25 | 307 | 409 | 8 | 6 | 1,365 | 71 |
Other | ||||||||||
- | - | - | - | - | - | - | - | - | - | -228 |
Net cash (used in) provided by investing activities | ||||||||||
55,160 | 10,844 | -2,090 | -60,846 | -16,300 | -7,531 | -38,703 | -13,578 | 21,816 | -1,542 | -98 |
Cash flows from financing activities: | ||||||||||
Dividends paid | ||||||||||
42,087 | 41,989 | 38,405 | 35,161 | 28,114 | 34,954 | - | 86,106 | 56,665 | 55,889 | 38,008 |
Proceeds from sale of treasury stock | ||||||||||
518 | 528 | 519 | 443 | 323 | 362 | - | - | - | - | - |
Other | ||||||||||
-442 | -6 | -114 | - | -5 | - | - | 784 | 439 | 408 | 243 |
Net cash used in financing activities | ||||||||||
-42,011 | -41,467 | -38,000 | -34,718 | -27,796 | -34,592 | - | -85,322 | -56,226 | -55,481 | -37,765 |
Net (decrease) increase in cash and cash equivalents | ||||||||||
22,732 | 45,625 | -15,812 | -29,188 | 2,179 | 31,090 | -14,484 | -36,558 | 24,276 | 745 | 24,282 |
Supplemental disclosures of cash flow information: | ||||||||||
Income taxes | ||||||||||
10,187 | 14,968 | 32,837 | 17,278 | 21,930 | 17,411 | 19,076 | 26,532 | 26,686 | 36,479 | 30,663 |