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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities:    
Net income $ 10,600 $ 15,636
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 11,916 11,091
Amortization of deferred financing costs 25 34
Deferred income taxes (353) 165
(Gain) loss on sale of property, plant and equipment (137) 54
Stock-based compensation 908 822
Changes in operating assets and liabilities:    
Trade receivables, net (1,770) (5,590)
Inventories (685) 829
Prepaid expenses and other current assets 1,623 213
Other assets (20) 1
Accounts payable and accrued expenses 208 (267)
Other liabilities 585 298
Net cash provided by operating activities 22,900 23,286
Investing Activities:    
Purchase of property, plant and equipment (8,080) (8,725)
Proceeds from sale of property, plant and equipment 263 246
Net cash used in investing activities (7,817) (8,479)
Financing Activities:    
Repayment of term loans (16,667) (3,750)
Cash dividends paid (2,099) (2,092)
Exercise of stock options 28  
Purchase of treasury shares (158) (168)
Net cash used in financing activities (18,896) (6,010)
Net (decrease) increase in cash and cash equivalents (3,813) 8,797
Cash and cash equivalents at beginning of period 58,332 49,475
Cash and cash equivalents at end of period $ 54,519 $ 58,272