XML 33 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net income $ 11,553 $ 9,603
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 5,397 5,414
Deferred income taxes (479) (386)
Share-based compensation expense 892 383
Gain on sale of property and equipment (37) (1,843)
Other, net (228) 1,230
Changes in operating assets and liabilities (11,443) (8,648)
NET CASH PROVIDED BY OPERATING ACTIVITIES 5,655 5,753
INVESTING ACTIVITIES    
Capital expenditures (10,976) (3,918)
Proceeds from the sale of property and equipment 91 3,237
Proceeds from sale of investments 1,679 0
Purchases of investments (451) 0
NET CASH USED IN INVESTING ACTIVITIES (9,657) (681)
FINANCING ACTIVITIES    
Payments of notes payable to banks (1,966) (5,307)
Proceeds from long-term debt 8,628 33,232
Payments of long-term debt (777) (33,069)
Dividends paid (1,164) (1,130)
Proceeds from issuance of common shares 68 60
Stock incentive plan payments 3,799 0
Purchase of common shares for treasury (131) 0
Purchase of common shares for treasury from related parties (881) (5,452)
NET CASH USED IN FINANCING ACTIVITIES (22) (11,666)
Effects of exchange rate changes on cash, cash equivalents and restricted cash 1,615 (1,154)
Net decrease in cash, cash equivalents and restricted cash (2,409) (7,748)
Cash, cash equivalents and restricted cash at beginning of year 57,244 53,607
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 54,835 $ 45,859