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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities:      
Net income $ 32,115,000 $ 36,761,000 $ 34,255,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 11,652,000 10,853,000 9,123,000
Deferred income taxes 2,282,000 1,809,000 (625,000)
Stock-based compensation 1,731,000 1,682,000 1,659,000
Net change in unrealized gains and losses on investments (1,093,000) (135,000) 1,399,000
Net change in accrued interest, premiums, and discounts on investments 112,000 (281,000) 47,000
Other 21,000 (6,000) (18,000)
Adjustments to reconcile net income to net cash provided by operating activities 46,820,000 50,683,000 45,840,000
Changes in operating assets and liabilities:      
Accounts receivable 2,438,000 (1,872,000) 62,000
Inventories (8,205,000) (8,521,000) (4,218,000)
Prepaid expenses and other current assets (1,323,000) 697,000 (43,000)
Other non-current assets (275,000) (425,000) (87,000)
Accounts payable and accrued liabilities 2,095,000 1,254,000 725,000
Accrued income and other taxes 17,000 (200,000) (127,000)
Other non-current liabilities (2,347,000) 849,000 1,084,000
Net cash provided by used in operating activities 38,970,000 42,465,000 43,236,000
Cash Flows From Investing Activities:      
Property, plant and equipment additions (21,886,000) (20,446,000) (17,507,000)
Purchase of investments (45,768,000) (83,721,000) (28,472,000)
Proceeds from sale of investments 899,000 0 0
Proceeds from maturities of investments 35,923,000 59,331,000 40,898,000
Net cash provided by used in investing activities (30,832,000) (44,836,000) (5,081,000)
Cash Flows From Financing Activities:      
Shares tendered for employees' withholding taxes on stock-based compensation (55,000) (579,000) (90,000)
Purchase of treasury stock (18,831,000) 0 0
Dividends paid (12,100,000) (10,755,000) (9,448,000)
Net cash provided by used in financing activities (30,986,000) (11,334,000) (9,538,000)
Net change in cash and cash equivalents (22,598,000) (13,705,000) 28,617,000
Cash and cash equivalents, beginning of year 45,048,000 58,753,000 30,136,000
Cash and cash equivalents, end of year 22,450,000 45,048,000 58,753,000
Cash paid for:      
Income taxes, net of refunds $ 5,565,000 $ 4,178,000 $ 9,858,000