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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income $ 37,284 $ 41,823 $ 31,184
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 11,362 11,308 11,253
Gain on sale of equity method investment 0 (11,381) 0
Gain on property insurance recoveries 0 0 (230)
Gain on sale of assets 0 0 (872)
Share-based compensation 3,099 2,574 2,402
Equity method investment (earnings) loss 0 348 (4,036)
Distributions received from equity method investee 0 7,131 3,300
Deferred income taxes, including change in valuation allowance 1,665 (3,420) 681
Other, net 0 61 0
Changes in operating assets and liabilities:      
Receivables, net (4,450) (8,262) 4,585
Inventory (15,620) (14,291) (20,106)
Prepaid expenses 862 (498) (622)
Refundable income taxes 1,268 725 (3,390)
Accounts payable (2,542) 9,540 (3,178)
Accounts payable to affiliate, net 0 (3,349) 1,058
Accrued expenses 551 2,278 (1,407)
Deferred credits (586) (827) (424)
Accrued retirement, health, and life insurance benefits 588 (289) (477)
Net cash provided by operating activities 33,481 33,471 19,721
Cash Flows from Investing Activities      
Additions to property, plant, and equipment (31,046) (21,055) (17,922)
Divestiture of equity method investment, net 0 22,832 351
Proceeds from property insurance recoveries 0 0 230
Proceeds from sale of property and other 0 0 1,209
Acquisition of George Remus® 0 0 (1,551)
Net cash provided by (used in) investing activities (31,046) 1,777 (17,683)
Cash Flows from Financing Activities      
Payment of dividends and dividend equivalents (5,500) (17,380) (2,066)
Purchase of treasury stock for tax withholding on equity-based compensation (2,324) (4,663) (1,518)
Loan fees incurred with borrowings 0 (377) (114)
Principal payments on long-term debt (372) (358) (2,346)
Proceeds on long-term debt 0 20,000 0
Proceeds from credit agreement - revolver 28,966 25,930 27,184
Payments on credit agreement - revolver (21,264) (56,885) (22,356)
Net cash used in financing activities (494) (33,733) (1,216)
Increase in cash 1,941 1,515 822
Cash, beginning of year 3,084 1,569 747
Cash, end of year $ 5,025 $ 3,084 $ 1,569