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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net income $ 7,753 $ 4,924
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 7,984 7,885
Amortization of deferred financing costs 6 23
Deferred income taxes 96 (228)
Loss (gain) on sale of property, plant and equipment 31 (111)
Stock-based compensation 485 575
Changes in operating assets and liabilities:    
Trade receivables, net (1,516) 717
Inventories, net 1,238 (201)
Prepaid expenses and other current assets 549 1,197
Other assets 3 (18)
Accounts payable and accrued expenses (1,612) (1,616)
Other liabilities (100) 630
Net cash provided by operating activities 14,917 13,777
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (7,900) (6,310)
Proceeds from sale of property, plant and equipment 70 199
Net cash used in investing activities (7,830) (6,111)
FINANCING ACTIVITIES:    
Repayment of term loans   (16,667)
Cash dividends paid (1,391) (1,399)
Proceeds from exercise of stock options 154  
Purchase of treasury shares (2,818) (158)
Net cash used in financing activities (4,055) (18,224)
Net increase (decrease) in cash and cash equivalents 3,032 (10,558)
Cash and cash equivalents at beginning of period 59,926 58,332
Cash and cash equivalents at end of period $ 62,958 $ 47,774