XML 33 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 63,494 $ 58,291 $ 20,346
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 14,070 13,243 11,762
(Gain) Loss on disposal of property, plant and equipment 128 (251) (53)
Provision for credit losses 325 203 174
Issuance of common stock, net of shares withheld for employee taxes (198) 123 200
Stock-based compensation 3,226 1,059 743
Deferred tax provision (1,170) (2,181) 1,061
Changes in operating assets and liabilities:      
Accounts receivable (28,149) (105,599) (24,345)
Inventories 2,180 (30,421) (40,748)
Prepaid expenses (1,247) 50 1,130
Other assets 364 63 24
Accounts payable (45,430) 64,936 4,485
Accrued liabilities 9,594 10,996 5,137
Income taxes payable (317) 451 929
Net cash flows provided by (used in) operating activities 16,870 10,963 (19,155)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (15,352) (12,097) (28,939)
Proceeds from sale of property, plant and equipment 59 398 8
Acquisition of business 24 (17,376)  
Net cash flows provided by (used in) investing activities (15,269) (29,075) (28,931)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repurchase of common stock (2,898)    
Net borrowings under credit facility 5,000 15,000 45,000
Payments of cash dividends (8,721) (8,249) (8,220)
Finance lease obligation payments     (15)
Net cash flows provided by (used in) financing activities (6,619) 6,751 36,765
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS (554) 1,117 (2,858)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS (5,572) (10,244) (14,179)
CASH AND TEMPORARY INVESTMENTS, beginning of period 29,909 40,153 54,332
CASH AND TEMPORARY INVESTMENTS, end of period 24,337 29,909 40,153
SUPPLEMENTAL INFORMATION:      
Cash payments for interest 9,711 8,092 3,332
Cash payments for income taxes, net of refunds $ 23,699 $ 18,053 $ 1,806