XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net Income $ 10,291 $ 10,930
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Non-Cash Compensation 429 132
Non-Cash Lease Expense 230 258
Depreciation and Amortization 527 566
Provision for Losses on Accounts Receivable, net of write-offs and recoveries (299) (249)
Deferred Taxes 165 (816)
Provision for Inventory Reserves 683 827
Changes in Assets and Liabilities:    
Accounts Receivable 3,582 3,448
Inventories (118) (7,131)
Other Assets 1,921 372
Accounts Payable (439) (590)
Accrued Compensation (2,075) (3,807)
Accrued Commissions and Sales Incentives (825) (3,229)
Lease Liability - Operating (228) (256)
Other Liabilities (4,387) 418
Net Cash Provided by Operating Activities 9,457 873
Cash Flows from Investing Activities:    
Capital Expenditures (817) (504)
Net Cash Used in Investing Activities (817) (504)
Cash Flows from Financing Activities:    
Dividends Paid (6,461) (3,028)
Net Cash Used in Financing Activities (6,461) (3,028)
Net Increase (Decrease) in Cash and Cash Equivalents 2,179 (2,659)
Translation effect on cash (7) 18
Cash and Cash Equivalents – Beginning of Period 37,703 32,913
Cash and Cash Equivalents – End of Period 39,875 30,272
Supplemental Disclosure of Cash Flow Information:    
Cash paid for Income Taxes 2,986 5,618
Declared Dividends 6,561 6,258
Supplemental Schedule of Non-Cash Investing and Financing Activities:    
Additions to Right-Of-Use Assets obtained from new operating Lease Liabilities $ 37 $ 644