CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
$ (22,716)
|
$ 29,630
|
$ (54,543)
|
| Depreciation and amortization |
3,609
|
3,601
|
3,335
|
| Deferred income taxes |
(24,030)
|
4,167
|
(41,891)
|
| Provision for inventory reserves |
233
|
24
|
228
|
| Cash funding of benefit plans in excess of net benefit plan expense |
(1,349)
|
(2,557)
|
(1,224)
|
| Equity in losses (earnings) of Kronos Worldwide, Inc. |
52,770
|
(30,161)
|
31,007
|
| Dividends received from Kronos Worldwide, Inc. |
21,132
|
21,132
|
21,132
|
| Securities transactions, net |
(3)
|
(16)
|
(11)
|
| Other, net |
191
|
210
|
81
|
| Change in assets and liabilities: |
|
|
|
| Accounts and other receivables, net |
246
|
1,220
|
(1,461)
|
| Inventories, net |
1,532
|
(3,652)
|
(2,240)
|
| Prepaid expenses and other |
(189)
|
18
|
166
|
| Accounts payable and accrued liabilities |
(1,245)
|
2,855
|
(3,347)
|
| Income taxes |
(2)
|
5
|
|
| Accounts with affiliates |
(439)
|
726
|
(369)
|
| Accrued environmental remediation and related costs |
3,118
|
(3,621)
|
65,630
|
| Other noncurrent assets and liabilities, net |
(4,746)
|
(29)
|
(1,588)
|
| Net cash provided by operating activities |
28,112
|
23,552
|
14,905
|
| Cash flows from investing activities: |
|
|
|
| Capital expenditures |
(4,304)
|
(2,858)
|
(3,541)
|
| Collection of promissory note receivable |
|
|
3,034
|
| Change in restricted cash equivalents, net |
420
|
(384)
|
2,018
|
| Net proceeds from the disposal of: |
|
|
|
| Assets held for sale |
|
|
1,559
|
| Marketable securities |
255
|
660
|
272
|
| Purchase of marketable securities |
(251)
|
(643)
|
(261)
|
| Other |
|
(48)
|
(97)
|
| Net cash provided by (used in) investing activities |
(3,880)
|
(3,273)
|
2,984
|
| Cash flows from financing activities: |
|
|
|
| Cash dividends paid |
|
|
(24,336)
|
| Distributions to noncontrolling interests in subsidiary |
(330)
|
(328)
|
(451)
|
| Indebtedness - repayments |
|
|
(18,480)
|
| Net cash used in financing activities |
(330)
|
(328)
|
(43,267)
|
| Cash and cash equivalents - net change from: |
|
|
|
| Operating, investing and financing activities |
23,902
|
19,951
|
(25,378)
|
| Balance at beginning of year |
72,560
|
52,609
|
(77,987)
|
| Balance at end of year |
96,462
|
72,560
|
52,609
|
| Cash paid for: |
|
|
|
| Interest |
|
|
222
|
| Income taxes, net |
$ 611
|
$ 193
|
$ 302
|