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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income $ 31,032 $ 37,371
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,171 5,621
Share-based compensation 1,215 1,373
Equity method investment loss (income) 260 (394)
Deferred income taxes, including change in valuation allowance 573 347
Other, net 99 24
Changes in operating assets and liabilities:    
Receivables, net (19,227) (9,601)
Inventory (18,707) (13,696)
Prepaid expenses (3,578) 657
Income taxes payable (refundable) 9,043 5,437
Accounts payable 6,498 4,638
Accrued expenses and other (10,208) (8,896)
Federal and state excise taxes payable 2,761 (515)
Other, net 89 (136)
Net cash provided by operating activities 5,021 22,230
Cash Flows from Investing Activities    
Additions to property, plant, and equipment (16,237) (10,642)
Contributions to equity method investment 0 (1,028)
Other, net (708) (363)
Net cash used in investing activities (16,945) (12,033)
Cash Flows from Financing Activities    
Payment of dividends and dividend equivalents (2,669) (2,661)
Purchase of treasury stock (801) (714)
Principal payments on long-term debt (800) (807)
Net cash used in financing activities (4,270) (4,182)
Effect of exchange rate changes on cash and cash equivalents 33 (288)
Increase (decrease) in cash and cash equivalents (16,161) 5,727
Cash and cash equivalents, beginning of period 47,889 21,568
Cash and cash equivalents, end of period $ 31,728 $ 27,295