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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES:      
Net income $ 28,223 $ 26,056 $ 19,685
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 19,611 17,617 17,603
Impairment of long-lived assets 1,550 930  
Amortization of deferred financing costs 5 9 14
Deferred income taxes 4,313 4,848 20
Loss on disposition of property, plant and equipment 462 439 624
Stock-based compensation 1,915 1,524 1,489
Changes in operating assets and liabilities:      
Trade receivables, net 1,109 (3,346) (3,129)
Inventories, net (1,390) (542) 700
Prepaid expenses and other current assets (106) (447) 1,377
Other assets 3 117 (1)
Accounts payable and accrued expenses 2,579 (165) 438
Other liabilities 301 (29) (85)
Net cash provided by operating activities 58,575 47,011 38,735
INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (17,133) (27,100) (53,762)
Acquisition of a business (8,392)    
Proceeds from sale of property, plant and equipment 331 558 605
Net cash used in investing activities (25,194) (26,542) (53,157)
FINANCING ACTIVITIES:      
Cash dividends paid (3,603) (33,058) (3,022)
Proceeds from exercise of stock options 81 75 73
Purchase of treasury shares (557) (444) (411)
Net cash used in financing activities (4,079) (33,427) (3,360)
Net increase (decrease) in cash and cash equivalents 29,302 (12,958) (17,782)
Cash and cash equivalents at beginning of period 54,260 67,218 85,000
Cash and cash equivalents at end of period $ 83,562 $ 54,260 $ 67,218