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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net income $ 48,125 $ 14,793
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 23,085 18,114
Amortization of deferred financing fees 326 334
Deferred income taxes (3,553) 7,517
Stock-based compensation 5,561 3,078
Gain on sale of assets (60) (269)
Inventory impairment charge 0 1,973
Other asset impairment charges 0 8,359
Other 1,647 (3,786)
Working capital changes:    
Affiliates receivable/payable 495 20
Accounts receivable (13,685) 42
Inventories (6,534) (9,361)
Other current assets 3,320 (2,582)
Accounts payable 7,445 (10,622)
Income taxes receivable/payable 2,699 (10,790)
Other current liabilities 6,004 (19,306)
Net cash provided by (used for) operating activities 74,875 (2,486)
Investing Activities    
Expenditures for property, plant and equipment (39,230) (30,187)
Acquisition of mineral interests (5,331) (14,181)
Proceeds from the sale of assets 633 571
Purchase of equity securities 0 (2,000)
Other (219) (187)
Net cash used for investing activities (44,147) (45,984)
Financing Activities    
Net (reductions) additions to revolving credit agreement (26,000) 14,000
Additions to long-term debt 3,634 7,427
Reductions to long-term debt (3,435) (1,354)
Cash dividends paid (5,617) (5,375)
Purchase of treasury shares 0 (1,002)
Other (1,755) 332
Net cash (used for) provided by financing activities (33,173) 14,028
Cash and Cash Equivalents    
Total decrease for the year (2,445) (34,442)
Balance at the beginning of the year 88,450 122,892
Balance at the end of the year $ 86,005 $ 88,450