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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income $ 37,045 $ 28,223 $ 26,056
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 20,898 19,611 17,617
Impairment of long-lived assets   1,550 930
Amortization of deferred financing costs 6 5 9
Deferred income taxes 1,524 4,313 4,848
Loss on disposition of property, plant and equipment 10 462 439
Stock-based compensation 2,236 1,915 1,524
Changes in operating assets and liabilities:      
Trade receivables, net (3,736) 1,109 (3,346)
Inventories, net 94 (1,390) (542)
Prepaid expenses and other current assets (999) (106) (447)
Other assets (41) 3 117
Accounts payable and accrued expenses (1,101) 2,579 (165)
Other liabilities (247) 301 (29)
Net cash provided by operating activities 55,689 58,575 47,011
INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (29,914) (17,133) (27,100)
Acquisition of a business   (8,392)  
Proceeds from sale of property, plant and equipment 285 331 558
Net cash used in investing activities (29,629) (25,194) (26,542)
FINANCING ACTIVITIES:      
Cash dividends paid (3,620) (3,603) (33,058)
Proceeds from exercise of stock options 84 81 75
Purchase of treasury shares (731) (557) (444)
Net cash used in financing activities (4,267) (4,079) (33,427)
Net increase (decrease) in cash and cash equivalents 21,793 29,302 (12,958)
Cash and cash equivalents at beginning of period 83,562 54,260 67,218
Cash and cash equivalents at end of period $ 105,355 $ 83,562 $ 54,260