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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 11,241 $ 12,378
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,805 3,767
Deferred compensation   74
Loss on disposal of fixed assets   7
Stock compensation expense 586 496
Change in assets and liabilities:    
Receivables 1,295 (6,747)
Inventories (3,924) (10,059)
Other current assets (1,656) (3,227)
Other assets (62) (115)
Accounts payable 8,989 7,201
Accrued and other liabilities (2,600) 1,096
Income taxes payable 422 19
Net cash provided by operating activities 18,096 4,890
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (8,618) (6,054)
Proceeds from sales of fixed assets 3  
Net cash used in investing activities (8,615) (6,054)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from stock options 29 390
Repurchase of common stock (2,004)  
Dividends paid on common stock (3,077) (2,959)
Net cash (used in) financing activities (5,052) (2,569)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 4,429 (3,733)
CASH AND CASH EQUIVALENTS:    
BEGINNING OF PERIOD 15,518 10,173
END OF PERIOD $ 19,947 $ 6,440