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In thousands Years ended December 31, |
1996 |
|
|
1995 |
|
|
1994 |
|
|
| |
|
|
|
|
|
|
|
|
|
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Net cash provided by operating activities (balances brought forward) |
|
$ 24,167 |
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|
23,544 |
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|
11,194 |
|
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Investing Activities |
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Decrease (increase) in short-term investments |
|
87 |
|
|
2,353 |
|
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(1,325 |
) |
|
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Purchase of property and equipment |
|
(20,824 |
) |
|
(9,302 |
) |
|
(8,561 |
) |
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Other |
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(3,058 |
) |
|
(977 |
) |
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(1,147 |
) |
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Net cash used in investing activities |
|
(23,795 |
) |
|
(7,926 |
) |
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(11,033 |
) |
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Financing Activities |
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Short-term borrowings, net |
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3,164 |
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44 |
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(4,092 |
) |
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Proceeds from issuance of common stock |
|
2,732 |
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2,134 |
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2,180 |
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Repurchases of common stock |
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(3,320 |
) |
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(2,063 |
) |
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(2,173 |
) |
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dividends paid |
|
(1,933 |
) |
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(1,438 |
) |
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(1,191 |
) |
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Net cash provided by (used in) financing activities |
|
643 |
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(1,323 |
) |
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(5,276 |
) |
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Effect of exchange rate changes on cash |
|
(191 |
) |
|
420 |
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|
369 |
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Increase (decrease) in cash and cash equivalents |
|
824 |
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14,715 |
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(4,746 |
) |
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Cash and cash equivalents at beginning of year |
|
36,142 |
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21,427 |
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26,173 |
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Cash and cash equivalents at end of year |
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$ 36,966 |
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36,142 |
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21,427 |
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Interest and Taxes Paid |
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Interest |
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$ 282 |
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306 |
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158 |
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Income taxes |
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13,580 |
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13,697 |
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8,797 |
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Non-Cash Investing and Financing Activities |
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During the year ended December 31, 1996 the Company purchased real estate for $5.7 million with short-term financing provided by the seller. No principal was paid in 1996. The obligation was paid in February 1997. |
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