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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net income $ 23,581 $ 33,168
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation and amortization 11,295 10,441
Amortization of deferred financing costs 156 242
Non-cash stock-based compensation expense 4,392 3,860
(Gain) loss on disposal of fixed assets (56) (688)
Other 2,492 698
Cash flows provided by (used for) working capital    
Accounts receivable 15,096 (21,200)
Inventories (4,730) (7,259)
Prepaid expenses and other current assets (3,828) (5,702)
Accounts payable and accrued expenses 240 20,739
Net cash provided by (used for) operating activities 48,638 34,299
Cash Flows From Investing Activities    
Capital expenditures (15,216) (10,943)
Acquisition of business, net of cash acquired (160) (24,253)
Proceeds from sale of property, plant and equipment 142 1,499
Net cash provided by (used for) investing activities (15,234) (33,697)
Cash Flows From Financing Activities    
Net borrowings (repayments) from revolving credit facility (15,000) 13,000
Payments on finance lease (258) (249)
Cash dividends paid (10,296) (9,934)
Proceeds from issuance of common stock 1,569 1,838
Shares withheld for employee taxes on equity awards (2,033) (347)
Net cash provided by (used for) financing activities (26,018) 4,308
Foreign exchange rate effect on cash 167 (131)
Net increase (decrease) in cash 7,553 4,779
Cash at January 1 23,139 17,655
Cash at June 30 $ 30,692 $ 22,434