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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES:    
Net income $ 3,178 $ 5,431
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 2,440 2,253
Loss on disposal of property, plant and equipment 5 7
Provision for doubtful accounts 51 50
Issuance of non-employee director shares 200 194
Deferred tax provision (3) (30)
Changes in operating assets and liabilities:    
Accounts receivable (25,812) (342)
Inventories (568) (4,724)
Prepaid expenses (3,377) (2,925)
Other assets 37 227
Accounts payable 27,557 1,486
Accrued liabilities (861) (3,479)
Net cash flows from operating activities 2,847 (1,852)
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (2,489) (3,526)
Proceeds from sale of property, plant and equipment   10
Net cash flows from investing activities (2,489) (3,516)
FINANCING ACTIVITIES:    
Net proceeds under credit facility   25,000
Payments of cash dividends (2,054) (2,053)
Net payments on other long-term obligations   (92)
Finance lease obligation payments (5) (5)
Net cash flows from financing activities (2,059) 22,850
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS 379 (460)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS (1,322) 17,022
CASH AND TEMPORARY INVESTMENTS, beginning of period 57,521 26,072
CASH AND TEMPORARY INVESTMENTS, end of period 56,199 43,094
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 280 594
Cash payments for income taxes, net of refunds $ 604 $ 739