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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 17,847 $ 16,651
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,866 6,210
Deferred income taxes (535) 1,092
Stock-based compensation 1,321 1,338
Net change in unrealized gains and losses on investments 475 (1,024)
Net change in accrued interest, premiums, and discounts on investments 202 269
Other 0 25
Other Operating 26,176 24,561
Changes in operating assets and liabilities:    
Accounts receivable (6,516) (6,237)
Inventories (3,503) 2,573
Prepaid expenses (2,201) (4,006)
Other non-current assets 573 12
Accounts payable and accrued liabilities 2,165 (1,454)
Accrued income and other taxes 1,141 234
Other non-current liabilities 502 345
Cash flows from operating activities 18,337 16,028
Cash flows from investing activities:    
Property, plant and equipment additions (15,247) (7,252)
Purchase of investments (22,322) (16,110)
Proceeds from sale of investments 208 166
Proceeds from maturities of investments 19,978 19,246
Cash flows from investing activities (17,383) (3,950)
Cash flows from financing activities:    
Purchase of treasury stock (9,340) (10,488)
Shares tendered for employees' withholding taxes on stock-based compensation (454) (585)
Dividends paid (6,987) (6,385)
Cash flows from financing activities (16,781) (17,458)
Net change in cash and cash equivalents (15,827) (5,380)
Cash and cash equivalents at beginning of period 32,264 22,450
Cash and cash equivalents at end of period 16,437 17,070
Cash paid for:    
Income taxes 3,952 5,095
Non-cash financing activities:    
Non-cash effect of stock option exercises $ 4,008 $ 6,012