CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
$ 16,693
|
$ (22,716)
|
$ 29,630
|
| Depreciation and amortization |
3,774
|
3,609
|
3,601
|
| Deferred income taxes |
(4,330)
|
(24,030)
|
4,167
|
| Provision for inventory reserves |
161
|
233
|
24
|
| Cash funding of benefit plans in excess of net benefit plan expense |
(277)
|
(1,349)
|
(2,557)
|
| Equity in losses (earnings) of Kronos Worldwide, Inc. |
(13,171)
|
52,770
|
(30,161)
|
| Dividends received from Kronos Worldwide, Inc. |
21,132
|
21,132
|
21,132
|
| Other, net |
201
|
188
|
194
|
| Change in assets and liabilities: |
|
|
|
| Accounts and other receivables, net |
(1,601)
|
246
|
1,220
|
| Inventories, net |
(37)
|
1,532
|
(3,652)
|
| Prepaid expenses and other |
(5)
|
(189)
|
18
|
| Accounts payable and accrued liabilities |
(172)
|
(1,721)
|
2,855
|
| Income taxes |
18
|
(2)
|
5
|
| Accounts with affiliates |
2,075
|
(439)
|
726
|
| Accrued environmental remediation and related costs |
3,526
|
3,118
|
(3,621)
|
| Other noncurrent assets and liabilities, net |
(288)
|
(4,746)
|
(29)
|
| Net cash provided by operating activities |
27,699
|
27,636
|
23,552
|
| Cash flows from investing activities: |
|
|
|
| Capital expenditures |
(3,206)
|
(4,304)
|
(2,858)
|
| Promissory notes receivable from affiliate: |
|
|
|
| Loans |
(36,600)
|
|
|
| Collections |
9,200
|
|
|
| Purchase of marketable securities |
|
(251)
|
(643)
|
| Proceeds from the disposal of marketable securities |
|
255
|
660
|
| Other |
|
|
(47)
|
| Net cash used in investing activities |
(30,606)
|
(4,300)
|
(2,888)
|
| Cash flows from financing activities: |
|
|
|
| Distributions to noncontrolling interests in subsidiary |
(332)
|
(330)
|
(328)
|
| Indebtedness - borrowings from affiliate |
500
|
|
|
| Net cash provided by (used in) financing activities |
168
|
(330)
|
(328)
|
| Cash, cash equivalents and restricted cash and cash equivalents - net change from: |
|
|
|
| Operating, investing and financing activities |
(2,739)
|
23,006
|
20,336
|
| Balance at beginning of year |
100,981
|
77,975
|
57,639
|
| Balance at end of year |
98,242
|
100,981
|
77,975
|
| Cash paid for: |
|
|
|
| Interest |
4
|
|
|
| Income taxes, net |
$ 70
|
$ 611
|
$ 193
|