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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES:    
Net income $ 10,900 $ 9,898
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 8,572 8,393
Amortization of deferred financing costs 15 7
Deferred income taxes 1,157 (852)
Loss on disposition of property, plant and equipment 345 28
Stock-based compensation 713 655
Changes in operating assets and liabilities:    
Trade receivables, net (4,450) (2,106)
Inventories, net 1,289 737
Prepaid expenses and other current assets 438 (70)
Other assets 93 (2)
Accounts payable and accrued expenses (697) (267)
Other liabilities (145) 227
Net cash provided by operating activities 18,230 16,648
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (19,378) (8,585)
Proceeds from sale of property, plant and equipment 183 443
Net cash used in investing activities (19,195) (8,142)
FINANCING ACTIVITIES:    
Cash dividends paid (1,511) (1,506)
Proceeds from exercise of stock options 73 72
Purchase of treasury shares (251) (193)
Net cash used in financing activities (1,689) (1,627)
Net (decrease) increase in cash and cash equivalents (2,654) 6,879
Cash and cash equivalents at beginning of period 85,000 74,712
Cash and cash equivalents at end of period $ 82,346 $ 81,591