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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net income $ 14,793 $ 39,632
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 18,114 16,240
Amortization of deferred financing fees 334 334
Deferred income taxes 7,517 8,698
Stock-based compensation 3,078 4,924
Gain on sale of assets (269) (206)
Inventory impairment charge 1,973 0
Other asset impairment charges 8,359 0
Other (3,786) (7,405)
Working capital changes:    
Affiliates receivable/payable 20 1,903
Accounts receivable 42 8,221
Inventories (9,361) (9,256)
Other current assets (2,582) 1,432
Accounts payable (10,622) (388)
Income taxes receivable/payable (10,790) (5,447)
Other current liabilities (19,306) (5,898)
Net cash (used for) provided by operating activities (2,486) 52,784
Investing Activities    
Expenditures for property, plant and equipment (30,187) (24,664)
Acquisition of mineral interests (14,181) 0
Proceeds from the sale of assets 571 4,572
Purchase of equity securities (2,000) 0
Other (187) (170)
Net cash used for investing activities (45,984) (20,262)
Financing Activities    
Net additions to revolving credit agreement 14,000 12,000
Additions to long-term debt 7,427 2,000
Reductions to long-term debt (1,354) (742)
Cash dividends paid (5,375) (5,132)
Purchase of treasury shares (1,002) (3,010)
Other 332 (3)
Net cash provided by financing activities 14,028 5,113
Cash and Cash Equivalents    
Total (decrease) increase for the year (34,442) 37,635
Balance at the beginning of the year 122,892 85,257
Balance at the end of the year $ 88,450 $ 122,892