XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 9,562 $ 15,531
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Depreciation 744 751
Amortization of intangible assets 698 698
Lower of cost or net realizable value inventory adjustment 397 322
Amortization of deferred finance costs 57 268
Allowance for credit losses 163 509
Share based compensation 279 1,057
Deferred tax expense (853) 1,357
Changes in assets and liabilities:    
Trade accounts receivable (10,930) (18,401)
Inventories 6,294 8,047
Prepaid and other assets (140) (1,493)
Lease obligations (1) 1
Income taxes receivable 3,751 3,777
Accounts payable and accrued expenses (10,954) (1,758)
Cash (used in) provided by operating activities (933) 10,666
Cash flows from investing activities:    
Additions to property, plant, and equipment (960) (412)
Cash used in investing activities (960) (412)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1 38
Excess tax benefits from exercise of stock options (3) (2)
Repayment of long-term debt   (3,263)
Cash used in financing activities (2) (3,227)
Increase (decrease) in cash and cash equivalents (1,895) 7,027
Cash and cash equivalents at beginning of period 12,446 5,295
Cash and cash equivalents at end of period 10,551 12,322
Supplemental disclosure of cash flow information:    
Cash paid for interest 105 1,369
Cash paid for income taxes - net $ 102 $ 142