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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income $ 16,255 $ 29,830 $ 39,111
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 11,036 9,598 9,127
(Gain) Loss on disposal of property, plant and equipment (38) 17 (21)
Provision for credit losses (137) 195 15
Issuance of non-employee director shares 200 194 150
Deferred tax provision 1,012 752 1,708
Changes in operating assets and liabilities:      
Accounts receivable (12,723) 27,375 (19,605)
Inventories (32,071) 5,466 5,453
Prepaid expenses (2,603) 1,652 (1,529)
Other assets 116 321 609
Accounts payable 33,939 (10,881) (2,165)
Accrued liabilities 282 (3,810) 2,279
Net cash flows from operating activities 15,268 60,709 35,132
INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (9,150) (17,500) (17,391)
Proceeds from sale of property, plant and equipment 91 276 328
Net cash flows from investing activities (9,059) (17,224) (17,063)
FINANCING ACTIVITIES:      
Net payments under credit facility   (4,998) (10,002)
Payments of cash dividends (8,216) (8,212) (8,208)
Net payments on other long-term obligations   (400) (367)
Finance lease obligation payments (22) (21) (20)
Net cash flows from financing activities (8,238) (13,631) (18,597)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS (1,160) 1,595 (437)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS (3,189) 31,449 (965)
CASH AND TEMPORARY INVESTMENTS, beginning of period 57,521 26,072 27,037
CASH AND TEMPORARY INVESTMENTS, end of period 54,332 57,521 26,072
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash payments for interest 1,570 2,052 3,249
Cash payments for income taxes, net of refunds $ 5,890 $ 6,721 $ 10,067