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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net income $ 4,262 $ 4,620
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 4,230 4,290
Amortization of deferred financing costs 8 4
Deferred income taxes 471 (565)
Loss on disposition of property, plant and equipment 211 50
Stock-based compensation 316 289
Changes in operating assets and liabilities:    
Trade receivables, net (2,601) (3,244)
Inventories, net 947 616
Prepaid expenses and other current assets 417 43
Other assets 20 1
Accounts payable and accrued expenses (1,705) 84
Other liabilities (56) (49)
Net cash provided by operating activities 6,520 6,139
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (7,620) (4,208)
Proceeds from sale of property, plant and equipment 108  
Net cash used in investing activities (7,512) (4,208)
FINANCING ACTIVITIES:    
Cash dividends paid (755) (753)
Proceeds from exercise of stock options 73  
Purchase of treasury shares (61) (77)
Net cash used in financing activities (743) (830)
Net (decrease) increase in cash and cash equivalents (1,735) 1,101
Cash and cash equivalents at beginning of period 85,000 74,712
Cash and cash equivalents at end of period $ 83,265 $ 75,813