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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES:    
Net income $ 13,834 $ 10,600
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 12,032 11,916
Amortization of deferred financing costs 11 25
Deferred income taxes 311 (353)
Loss (gain) on sale of property, plant and equipment 107 (137)
Stock-based compensation 778 908
Changes in operating assets and liabilities:    
Trade receivables, net (3,496) (1,770)
Inventories, net 2,015 (685)
Prepaid expenses and other current assets 700 1,623
Other assets 5 (20)
Accounts payable and accrued expenses (341) 208
Other liabilities (86) 585
Net cash provided by operating activities 25,870 22,900
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (12,230) (8,080)
Proceeds from sale of property, plant and equipment 126 263
Net cash used in investing activities (12,104) (7,817)
FINANCING ACTIVITIES:    
Repayment of term loans   (16,667)
Cash dividends paid (2,087) (2,099)
Proceeds from exercise of stock options 153 28
Purchase of treasury shares (2,818) (158)
Net cash used in financing activities (4,752) (18,896)
Net increase (decrease) in cash and cash equivalents 9,014 (3,813)
Cash and cash equivalents at beginning of period 59,926 58,332
Cash and cash equivalents at end of period $ 68,940 $ 54,519