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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:      
Net income $ 33,746 $ 23,016 $ 19,922
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation 7,745 6,147 4,828
(Gain) Loss on disposals of property and equipment 156 (608) 18
Deferred tax provision 568 (868) 3,219
Provision for doubtful accounts 214 86 (462)
Issuance of non-employee director shares 150 150 96
Changes in operating assets and liabilities:      
Accounts receivable (19,353) (6,668) (17,253)
Inventories (23,865) (2,844) 1,018
Other assets 60 8 (70)
Prepaid expenses 989 765 (3,361)
Accounts payable 19,425 (5,806) 12,931
Accrued liabilities 2,062 575 40
Net cash flows from operating activities 21,897 13,953 20,926
INVESTING ACTIVITIES:      
Purchases of property, plant, and equipment (13,342) (24,693) (25,026)
Proceeds from sale of property and equipment 141 1,303 3
Net cash flows from investing activities (13,201) (23,390) (25,023)
FINANCING ACTIVITIES:      
Net borrowings under credit facility 5,000 5,000 5,000
Payments of cash dividends (8,200) (8,188) (7,715)
Proceeds from exercise of stock options 56 146 3
Net proceeds from other long-term obligations 179 606  
Net cash flows from financing activities (2,965) (2,436) (2,712)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS (589) 2,653 (525)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS 5,142 (9,220) (7,334)
CASH AND TEMPORARY INVESTMENTS, beginning of year 21,895 31,115 38,449
CASH AND TEMPORARY INVESTMENTS, end of year 27,037 21,895 31,115
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash payments for interest 2,437 2,219 1,877
Cash payments for income taxes, net of refunds $ 7,457 $ 7,815 $ 11,605