XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 4,163 $ 3,891
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,069 2,066
Gain on disposal of property, plant & equipment 0 (4)
Share-based compensation 501 537
Deferred income taxes 279 421
Changes in operating assets and liabilities:    
Receivables, net (3,590) (801)
Inventories (1,374) (1,966)
Prepaid expenses and other current assets (70) (446)
Other assets (219) 247
Accounts payable 1,656 2,726
Accrued expenses (1,083) (2,133)
Deferred revenue (124) (142)
Income taxes payable 847 284
Non-qualified deferred compensation plan and other liabilities 279 62
Net cash provided by operating activities 3,334 4,742
Cash flows from investing activities:    
Additions to property, plant, and equipment (1,449) (1,020)
Proceeds from sale of fixed assets 0 13
Net cash used in investing activities (1,449) (1,007)
Cash flows from financing activities:    
Principal payments on finance lease obligation (4) 0
Proceeds from exercise of stock options 0 416
Payment of statutory withholdings for restricted stock units vested (738) (560)
Net cash used in financing activities (742) (144)
Net increase in cash and cash equivalents 1,143 3,591
Cash and cash equivalents at beginning of period 24,234 3,743
Cash and cash equivalents at end of period $ 25,377 $ 7,334