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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES:    
Net income $ 15,454 $ 15,565
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 13,011 12,711
Amortization of deferred financing costs 23 11
Deferred income taxes 1,119 (1,243)
Loss on disposition of property, plant and equipment 466 78
Stock-based compensation 1,144 1,073
Changes in operating assets and liabilities:    
Trade receivables, net (1,900) (1,461)
Inventories, net 358 (448)
Prepaid expenses and other current assets 670 (325)
Other assets 118 2
Accounts payable and accrued expenses 1,566 (1,963)
Other liabilities (191) (42)
Net cash provided by operating activities 31,838 23,958
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (31,687) (14,504)
Proceeds from sale of property, plant and equipment 460 459
Net cash used in investing activities (31,227) (14,045)
FINANCING ACTIVITIES:    
Cash dividends paid (2,267) (2,259)
Proceeds from exercise of stock options 73 72
Purchase of treasury shares (251) (193)
Net cash used in financing activities (2,445) (2,380)
Net (decrease) increase in cash and cash equivalents (1,834) 7,533
Cash and cash equivalents at beginning of period 85,000 74,712
Cash and cash equivalents at end of period $ 83,166 $ 82,245