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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES:    
Net income $ 9,694 $ 11,257
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 5,334 4,590
(Gain) Loss on disposal of property, plant and equipment (1) 5
Provision for doubtful accounts 71 97
Issuance of non-employee director shares 200 194
Deferred tax provision 113 (51)
Changes in operating assets and liabilities:    
Accounts receivable (19,784) 45,165
Inventories (7,314) (3,221)
Prepaid expenses (4,270) (925)
Other assets 104 242
Accounts payable 22,115 (36,062)
Accrued liabilities (1,043) 1,744
Net cash flows from operating activities 5,219 23,035
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (5,418) (7,545)
Proceeds from sale of property, plant and equipment 4 42
Net cash flows from investing activities (5,414) (7,503)
FINANCING ACTIVITIES:    
Payments of cash dividends (4,108) (4,106)
Net payments on other long-term obligations   (184)
Finance lease obligation payments (11) (10)
Net cash flows from financing activities (4,119) (4,300)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS 727 (188)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS (3,587) 11,044
CASH AND TEMPORARY INVESTMENTS, beginning of period 57,521 26,072
CASH AND TEMPORARY INVESTMENTS, end of period 53,934 37,116
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 663 1,203
Cash payments for income taxes, net of refunds $ 3,585 $ 1,710