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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net Income (Loss) $ 41,596 $ 11,054
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 9,681 8,628
Loss (Gain) on disposal of property, plant and equipment (44) (52)
Provision for credit losses 148 126
Stock-based compensation on nonvested restricted stock units 800 720
Deferred tax provision (142) 19
Changes in operating assets and liabilities:    
Accounts receivable (60,087) (15,147)
Inventories (17,661) (32,625)
Prepaid expenses (656) (359)
Other assets 182 51
Accounts payable 19,991 (10,190)
Accrued liabilities 10,405 6,173
Net cash flows from operating activities 4,213 (31,602)
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (9,734) (25,127)
Proceeds from sale of property, plant and equipment 28 8
Acquisition of business (17,802)  
Net cash flows from investing activities (27,508) (25,119)
FINANCING ACTIVITIES:    
Net borrowings under credit facility   45,000
Net payments under line of credit 15,000  
Payments of cash dividends (6,178) (6,165)
Finance lease obligation payments   (15)
Net cash flows from financing activities 8,822 38,820
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS 1,167 (3,223)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS (13,306) (21,124)
CASH AND TEMPORARY INVESTMENTS, beginning of period 40,153 54,332
CASH AND TEMPORARY INVESTMENTS, end of period 26,847 33,208
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 5,758 1,902
Cash payments for income taxes, net of refunds $ 12,980 $ 1,277