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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 11,549 $ 7,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 523 472
Stock-based compensation expense 777 610
Deferred income tax benefit (1,133) 499
Pension settlement loss 2,089  
(Increase) decrease in assets:    
Accounts receivable (5,580) (5,302)
Income taxes receivable (146) (1,695)
Inventories 6,176 (4,918)
Prepaid expenses and other current assets 1,035 557
Other non-current assets (321) 1,315
Increase (decrease) in liabilities:    
Accounts payable 4,280 5,663
Accrued expenses and other liabilities 6,357 1,032
Other long-term liabilities 1,340 (777)
Net cash provided by operating activities 26,946 4,519
INVESTING ACTIVITIES    
Capital expenditures (1,789) (202)
Net cash used for investing activities (1,789) (202)
FINANCING ACTIVITIES    
Payment of dividends (4,817) (4,095)
Cash paid for common stock purchased and retired (910) (702)
Net cash used for financing activities (5,727) (4,797)
Net increase (decrease) in cash and cash equivalents 19,430 (480)
Cash and cash equivalents at beginning of period 43,171 14,102
Cash and cash equivalents at end of period 62,601 13,622
Supplemental information:    
Income tax payments, net $ 355 $ 3,395