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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income $ 13,891 $ 5,915
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 897 1,073
Stock-based compensation expense 1,124 1,157
Deferred income tax (benefit) provision (125) 142
(Increase) decrease in assets:    
Accounts receivable (3,235) (2,961)
Inventories (14,799) (1,637)
Prepaid expenses and other current assets (508) 414
Income taxes receivable (303) 753
Other non-current assets (1,143) 79
Increase (decrease) in liabilities:    
Accounts payable 6,717 4,824
Accrued expenses and other liabilities 1,683 1,355
Other long-term liabilities 1,904 581
Net cash provided by operating activities 6,103 11,695
INVESTING ACTIVITIES    
Capital expenditures (541) (1,031)
Net cash used for investing activities (541) (1,031)
FINANCING ACTIVITIES    
Payment of dividends (7,475) (6,770)
Cash paid for common stock purchased and retired (1,051) (1,084)
Net cash used for financing activities (8,526) (7,854)
Net (decrease) increase in cash and cash equivalents (2,964) 2,810
Cash and cash equivalents at beginning of period 31,573 19,804
Cash and cash equivalents at end of period 28,609 22,614
Supplemental information:    
Income tax payments, net $ 4,179 $ 228