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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Mar. 31, 2018
Operating activities:      
Net income $ 16,682 $ 12,015  
Adjustments to reconcile net income to net cash provided by operating activities:      
Non-cash compensation expense 677 476  
Non-cash compensation to directors 207 71  
Depreciation 3,097 1,863  
Amortization 1,584 1,280  
Deferred income taxes 1,454 1,032  
Other items, net 696 (6)  
Change in operating assets and liabilities:      
Trade receivables 4,817 1,771  
Inventories (7,626) (8,599)  
Prepaid expenses and other assets (1,728) (325)  
Accounts payable 8,378 3,839  
Income taxes payable 1,979 1,250  
Accrued expenses (2,029) (1,516)  
Other liabilities (475) 33  
Net cash provided by operating activities 27,713 13,184  
Investing activities:      
Purchases of property, plant and equipment (10,704) (2,190)  
Net cash used in investing activities (10,704) (2,190)  
Financing activities:      
Proceeds received from exercise of stock option 0 672  
Cash paid for withholding taxes on vested restricted stock (239) (526)  
Distributions to LLC Unit holders (568) (556)  
Repurchase and retirement of common stock 11,123   $ 0
Net cash provided by financing activities (11,930) (410)  
Effect of exchange rate changes on cash (126) (38)  
Changes in cash 4,953 10,546  
Cash—Beginning of period 27,392 61,623  
Cash—End of period 32,345 72,169  
Supplemental cash flow information:      
Cash paid for interest 1,169 1,153  
Cash paid for income taxes $ 597 $ 1,016