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Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income $ 16,068 $ 14,141
Adjustments to reconcile net income to net cash provided by (used in) operations:    
Depreciation and amortization 6,832 6,661
Provision for accounts receivable allowances 1,046 678
Provision for inventory reserves 1,033 1,001
Deferred income taxes 1,575 677
Share-based compensation expense 1,927 1,588
Gain on sale of property and equipment (30) 0
Other - net 318 (330)
Changes in operating assets and liabilities    
Accounts receivable (13,446) (15,713)
Inventories (9,470) (4,780)
Prepaid expenses 5,758 (121)
Trade accounts payable and accrued liabilities 9,040 4,710
Income taxes - net (4,815) 95
Other - net (1,775) 577
NET CASH PROVIDED BY OPERATING ACTIVITIES 14,061 9,184
INVESTING ACTIVITIES    
Capital expenditures [1] (7,338) (11,820)
Proceeds from the sale of property and equipment [1] 23 0
NET CASH USED IN INVESTING ACTIVITIES [1] (7,315) (11,820)
FINANCING ACTIVITIES    
(Decrease) increase in notes payable to banks [1] (2,183) 5,148
Proceeds from long-term debt [1] 42,954 41,163
Payments of long-term debt [1] (53,029) (36,717)
Dividends paid [1] (2,114) (2,173)
Proceeds from issuance of common shares [1] 364 266
Purchase of common shares for treasury [1] (176) (4,613)
Purchase of common shares for treasury from related parties [1] (4,548) (2,378)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES [1] (18,732) 696
Effects of exchange rate changes on cash and cash equivalents 265 (817)
Net decrease in cash, cash equivalents and restricted cash (11,721) (2,757)
Cash, cash equivalents and restricted cash at beginning of year 45,175 39,263
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 33,454 $ 36,506
[1] Non-cash investing and financing activities:  The Company purchased a new corporate aircraft during six-month period ended June 30, 2021 with a term loan in the principal amount of $20.5 million.  For further information regarding this transaction, refer to Note P, “Debt Arrangements.