| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net earnings | |||||||||||
64,839 | 56,805 | 80,654 | 67,319 | 66,127 | 62,860 | 60,849 | 52,004 | 43,938 | 53,063 | 53,157 | 39,315 |
Adjustments to reconcile net earnings to net cash used in operating activities: | |||||||||||
Depreciation | |||||||||||
18,779 | 18,669 | 18,991 | 19,627 | 20,388 | 20,758 | 20,050 | 19,925 | 19,229 | 18,279 | 17,862 | 17,036 |
Deferred income taxes | |||||||||||
2,832 | 2,063 | -2,337 | 199 | 255 | -946 | 6,558 | - | - | - | - | - |
Impairment of majority-owned foreign subsidiaries | |||||||||||
377 | 1,126 | 2,371 | - | - | - | - | - | - | - | - | - |
Net loss on step acquisition | |||||||||||
- | - | - | - | - | 529 | - | - | - | - | - | - |
Impairment charges | |||||||||||
- | - | - | - | - | - | - | - | - | - | 14,000 | - |
Impairment of equity method investment | |||||||||||
- | - | - | - | - | - | 975 | 850 | - | - | 4,400 | - |
Loss from equity method investment | |||||||||||
- | - | - | - | - | - | -967 | -1,019 | -194 | -342 | -233 | -477 |
Other than temporary impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 5,140 |
Amortization of marketable security premiums | |||||||||||
-1,282 | -1,755 | -2,386 | -2,830 | -3,105 | -3,261 | -3,035 | -1,770 | -1,267 | -522 | -320 | 396 |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
-5,086 | 2,445 | 4,012 | -6,869 | 8,929 | 2,007 | -1,330 | -272 | 5,448 | -717 | 5,899 | 261 |
Other receivables | |||||||||||
313 | -2,220 | 3,146 | -473 | -1,119 | -1,289 | -253 | 2,720 | -3,963 | 2,373 | 2,088 | 33 |
Inventories | |||||||||||
4,383 | -303 | -1,558 | -4,183 | -7,530 | 7,329 | -503 | -9,588 | 15,631 | 1,447 | -455 | -1,352 |
Prepaid expenses and other assets | |||||||||||
-4,362 | -9,489 | 22,052 | -2,999 | -11,593 | -9,524 | -14,922 | -11,295 | -5,106 | -4,936 | -5,203 | 15,139 |
Accounts payable and accrued liabilities | |||||||||||
1,080 | 1,648 | -557 | -2,061 | 3,839 | -1,268 | 418 | 199 | 84 | 2,180 | -2,755 | 967 |
Income taxes payable | |||||||||||
4,336 | 7,953 | -11,899 | -5,797 | -115 | -78 | -6,490 | 1,369 | -5,772 | 2,322 | -12,543 | 8,104 |
Postretirement health care benefits | |||||||||||
-1,478 | -2,484 | -1,192 | -1,216 | -903 | -1,289 | 2,861 | 2,829 | 2,022 | 1,429 | 1,384 | 3,394 |
Deferred compensation and other liabilities | |||||||||||
3,422 | 3,827 | -17,792 | 3,125 | -12,936 | 3,465 | 3,592 | 3,018 | 2,146 | 2,525 | 2,960 | -2,385 |
Other | |||||||||||
- | - | - | - | - | - | - | - | 708 | -310 | -305 | 830 |
Net cash provided by operating activities | |||||||||||
100,221 | 100,929 | 42,973 | 98,550 | 91,073 | 88,769 | 109,823 | 101,418 | 50,390 | 82,805 | 76,994 | 57,533 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Net cash acquired in step acquisition | |||||||||||
- | - | - | - | - | 161 | - | - | - | - | - | - |
Change in restricted cash | |||||||||||
- | - | - | - | -1,149 | -224 | - | - | - | - | - | - |
Capital expenditures | |||||||||||
20,258 | 27,612 | 16,673 | 16,090 | 15,534 | 10,704 | 15,752 | 8,886 | 16,351 | 12,813 | 20,831 | 34,355 |
Purchases of trading securities | |||||||||||
3,427 | 4,378 | 5,089 | 4,569 | 4,095 | 4,294 | 6,575 | - | - | - | - | - |
Sales of trading securities | |||||||||||
795 | 1,255 | 22,396 | 1,433 | 16,644 | 727 | 1,075 | - | - | - | - | - |
Purchase of available for sale securities | |||||||||||
67,730 | 78,377 | 89,364 | 81,835 | 61,951 | 54,882 | 66,324 | 39,016 | 39,252 | 9,301 | 11,331 | 33,977 |
Net sales (purchases) of trading securities | |||||||||||
- | - | - | - | - | - | - | 2,994 | 3,234 | 2,902 | 1,713 | 491 |
Sale and maturity of available for sale securities | |||||||||||
75,611 | 64,602 | 79,410 | 49,177 | 55,264 | 38,309 | 39,613 | 10,461 | 7,680 | 8,208 | 17,511 | 61,258 |
Net cash from (used in) investing activities | |||||||||||
-15,009 | -44,510 | -9,320 | -51,884 | -8,523 | -30,459 | -47,963 | -40,435 | -51,157 | -16,808 | -16,364 | -7,565 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Shares purchased and retired | |||||||||||
34,116 | 19,317 | 34,133 | 29,093 | 33,004 | 25,020 | 23,143 | 23,803 | 18,190 | 22,881 | 20,723 | 21,109 |
Dividends paid in cash | |||||||||||
23,460 | 22,978 | 22,621 | 22,266 | 20,775 | 19,241 | 14,282 | 52,431 | 18,407 | 18,130 | 17,825 | 17,557 |
Proceeds from bank loans | |||||||||||
3,582 | 2,491 | 2,162 | 2,760 | - | - | - | - | - | - | - | - |
Repayment of bank loans | |||||||||||
3,193 | 2,549 | 2,289 | 2,788 | 133 | 403 | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||||
-57,187 | -42,353 | -56,881 | -51,387 | -53,912 | -44,664 | -37,425 | -76,234 | -36,597 | -41,011 | -38,548 | -38,666 |
Effect of exchange rate changes on cash | |||||||||||
28 | 501 | 421 | -2,292 | -2,601 | -1,821 | -14 | 501 | - | - | - | - |
Increase (Decrease) in cash and cash equivalents | |||||||||||
28,053 | 14,567 | -22,807 | -7,013 | 26,037 | 11,825 | 24,421 | -14,750 | -37,364 | 24,986 | 22,082 | 11,302 |
Supplemental cash flow information: | |||||||||||
Income taxes paid | |||||||||||
13,858 | 5,676 | 18,854 | 36,365 | 24,940 | 26,599 | 24,225 | 21,312 | 16,906 | 20,586 | 22,364 | 12,728 |
Interest paid | |||||||||||
121 | 112 | 68 | 34 | 17 | 34 | 21 | 31 | 38 | 49 | 182 | 252 |
Stock dividend issued | |||||||||||
70,557 | 60,538 | 69,739 | 61,671 | 57,220 | 52,165 | 48,925 | 38,236 | 47,053 | 46,683 | 32,538 | 35,042 |