XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 8,878 $ 6,209
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,172 4,150
(Gain) Loss on disposal of property, plant & equipment (21) 286
Share-based compensation 1,121 1,098
Interest expense on finance leases 1 0
Deferred income taxes 383 731
Changes in operating assets and liabilities:    
Receivables, net (4,794) 1,377
Inventories (2,518) (2,683)
Prepaid expenses and other current assets (397) (1,115)
Refundable income taxes (870) 483
Other assets (168) (5)
Accounts payable 4,032 735
Accrued expenses 248 (1,370)
Deferred revenue 16 74
Non-qualified deferred compensation plan and other liabilities (196) 766
Net cash provided by operating activities 9,887 10,736
Cash flows from investing activities:    
Additions to property, plant, and equipment (3,282) (2,151)
Proceeds from sale of fixed assets 21 27
Net cash used in investing activities (3,261) (2,124)
Cash flows from financing activities:    
Proceeds from advances on revolving line of credit 0 5,500
Payments on revolving line of credit 0 (5,500)
Principal payments on finance lease obligation (9) (3)
Proceeds from exercise of stock options 162 475
Payment of statutory withholdings for restricted stock units vested (740) (561)
Net cash used in financing activities (587) (89)
Net increase in cash and cash equivalents 6,039 8,523
Cash and cash equivalents at beginning of period 24,234 3,743
Cash and cash equivalents at end of period $ 30,273 $ 12,266