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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income from consolidated operations $ 41,789 $ 15,886 $ 13,369
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 11,886 8,410 8,268
(Gain) loss on sales of property, plant and equipment (6,149) (14) 459
Gain on sale of Molded Fiber business (15,651) 0 0
Share-based compensation 3,208 2,428 1,807
Change in fair value of contingent consideration 9,837 0 0
Deferred income taxes (4,710) (1,794) 136
Changes in operating assets and liabilities:      
Receivables, net (16,864) (7,754) 2,220
Inventories (19,605) (4,496) (366)
Prepaid expenses (692) (557) (256)
Income taxes 953 893 295
Other assets (3,545) (681) (73)
Accounts payable 9,131 102 (681)
Accrued expenses 10,446 1,009 (537)
Deferred revenue 1,008 2,294 (687)
Other liabilities (3,298) (1,433) 1,083
Net cash provided by operating activities 17,744 14,293 25,037
Cash flows from investing activities:      
Additions to property, plant and equipment (13,780) (5,395) (4,368)
Acquisitions, net of cash acquired (20,653) (96,178) 0
Proceeds from sale of Molded Fiber 29,007 0 0
Proceeds from sale of property, plant and equipment 6,717 114 107
Net cash provided by (used in) investing activities 1,291 (101,459) (4,261)
Cash flows from financing activities:      
Proceeds from advances on revolving line of credit 44,000 34,839 5,500
Payments on revolving line of credit (60,000) 0 (5,500)
Proceeds from the issuance of long-term debt 0 40,000 0
Principal repayment of long-term debt (4,000) 0 0
Payment of contingent consideration (4,543) 0 0
Principal payments on finance lease obligations (63) (29) (11)
Proceeds from the exercise of stock options 390 162 474
Payment of statutory withholding for restricted stock units vested (1,678) (923) (748)
Net cash (used in) provided by financing activities (25,894) 74,049 (285)
Effect of foreign currency exchange rates on cash and cash equivalents 193 0 0
Net change in cash and cash equivalents (6,666) (13,117) 20,491
Cash and cash equivalents at beginning of year 11,117 24,234 3,743
Cash and cash equivalents at end of year $ 4,451 $ 11,117 $ 24,234