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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 20,578 $ 12,450
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation and amortization 1,345 1,509
Stock-based compensation expense 1,696 2,657
Gain on sale of assets   (30)
Deferred income tax benefit (367) (234)
(Increase) decrease in assets:    
Accounts receivable (5,523) (1,910)
Inventories (34,437) (1,337)
Prepaid expenses and other current assets (547) 173
Income taxes receivable (482) 701
Other non-current assets (1,526) (788)
Increase (decrease) in liabilities:    
Accounts payable 8,089 5,706
Income taxes payable (316) 737
Accrued expenses and other liabilities 378 1,715
Other long-term liabilities 2,491 1,286
Net cash (used for) provided by operating activities (8,621) 22,635
INVESTING ACTIVITIES    
Capital expenditures (720) (1,458)
Proceed from sale of assets   34
Net cash used for investing activities (720) (1,424)
FINANCING ACTIVITIES    
Payment of dividends (11,551) (9,486)
Cash paid for common stock purchased and retired (1,051) (2,515)
Net cash used for financing activities (12,602) (12,001)
Net (decrease) increase in cash and cash equivalents (21,943) 9,210
Cash and cash equivalents at beginning of period 31,573 19,804
Cash and cash equivalents at end of period 9,630 29,014
Supplemental information:    
Income tax payments, net $ 6,253 $ 1,738