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Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 26,770 $ 27,103
Adjustments to net cash provided by (used in) operations:    
Depreciation and amortization 10,555 10,080
Provision for accounts receivable allowances 1,948 1,374
Provision for inventory reserves 572 1,718
Deferred income taxes 687 1,064
Share-based compensation expense 3,291 3,046
(Loss) gain on sale of property and equipment (42) 15
Other - net 318 (9)
Changes in operating assets and liabilities    
Accounts receivable (19,482) (17,620)
Inventories (14,702) (27)
Prepaid expenses 3,981 (3,265)
Trade accounts payable and accrued liabilities 15,584 9,555
Accrued income and other taxes (4,605) 864
Contributions to company pension plan 0 (330)
Other - net (789) (11)
NET CASH PROVIDED BY OPERATING ACTIVITIES 24,086 33,557
INVESTING ACTIVITIES    
Capital expenditures [1] (12,605) (24,219)
Proceeds from the sale of property and equipment [1] 32 0
NET CASH USED IN INVESTING ACTIVITIES [1] (12,573) (24,219)
FINANCING ACTIVITIES    
Increase in notes payable to banks [1] 1,510 8,642
Proceeds from long-term debt [1] 68,975 68,789
Payments of long-term debt [1] (81,630) (72,693)
Dividends paid [1] (3,094) (3,188)
Proceeds from issuance of common shares [1] 394 174
Purchase of common shares for treasury [1] (176) (5,832)
Purchase of common shares for treasury from related parties [1] (5,091) (2,378)
NET CASH USED IN FINANCING ACTIVITIES [1] (19,112) (6,486)
Effects of exchange rate changes on cash and cash equivalents 750 (867)
Net (decrease) increase in cash, cash equivalents and restricted cash (6,849) 1,985
Cash, cash equivalents and restricted cash at beginning of year 45,175 39,263
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 38,326 $ 41,248
[1] Non-cash investing and financing activities: The Company purchased a new corporate aircraft during the nine-month period ended September 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.