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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 20,964,000 $ 17,462,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,240,000 5,037,000
Deferred income taxes 164,000 328,000
Loss on disposal of fixed assets 28,000 108,000
Stock compensation expense 780,000 662,000
Change in assets and liabilities:    
Receivables (2,697,000) (4,547,000)
Inventories (845,000) (3,909,000)
Other current assets (993,000) (4,302,000)
Other assets (80,000) (145,000)
Accounts payable 4,459,000 456,000
Accrued and other liabilities 3,402,000 6,938,000
Income taxes payable 1,019,000 0
Net cash provided by operating activities 31,441,000 18,088,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (11,716,000) (7,719,000)
Proceeds from sales of fixed assets 5,000 19,000
Net cash used in investing activities (11,711,000) (7,700,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 20,000,000 0
Repayments on revolving credit facility (20,000,000) 0
Proceeds from stock options 136,000 444,000
Repurchase of common stock (2,938,000) (1,500,000)
Dividends paid on common stock (4,093,000) (3,987,000)
Net cash used in financing activities (6,895,000) (5,043,000)
INCREASE IN CASH AND CASH EQUIVALENTS 12,835,000 5,345,000
CASH AND CASH EQUIVALENTS:    
BEGINNING OF PERIOD 15,518,000 10,173,000
END OF PERIOD $ 28,353,000 $ 15,518,000