XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net Income $ 10,930 $ 12,499
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Non-Cash Compensation 132 477
Depreciation and Amortization 566 451
Provision for Losses on Accounts Receivable, net of write-offs and recoveries (249) 18
Deferred Taxes (816) (56)
Provision for Inventory Reserves 827 36
Changes in Assets and Liabilities:    
Accounts Receivable 3,448 1,426
Inventories (7,131) (269)
Right-Of-Use Assets 258 168
Other Assets 372 1,080
Accounts Payable (590) (312)
Accrued Compensation (3,807) (1,825)
Accrued Commissions and Sales Incentives (3,229) 206
Lease Liabilities (256) (172)
Other Liabilities 418 (2,747)
Net Cash Provided by Operating Activities 873 10,980
Cash Flows from Investing Activities:    
Capital Expenditures (504) (517)
Net Cash Used in Investing Activities (504) (517)
Cash Flows from Financing Activities:    
Dividends Paid (3,028) (5,653)
Net Cash Used in Financing Activities (3,028) (5,653)
Net (Decrease) Increase in Cash and Cash Equivalents (2,659) 4,810
Translation effect on cash 18 20
Cash and Cash Equivalents – Beginning of Period 32,913 23,633
Cash and Cash Equivalents – End of Period 30,272 28,463
Supplemental Disclosure of Cash Flow Information:    
Cash paid for Income Taxes 5,618 5,104
Declared Dividends 6,258 5,854
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Additions to Right-Of-Use Assets obtained from new operating Lease Liabilities $ 644 $ 3,261