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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net income $ 25,870 $ 17,018
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,140 936
Stock-based compensation expense 2,010 1,430
Deferred income tax benefit (2,452) (992)
Pension settlement loss 2,277  
(Increase) decrease in assets:    
Accounts receivable (7,014) (6,082)
Income taxes receivable (202) (67)
Inventories 11,519 (5,010)
Current pension assets 509  
Prepaid expenses and other current assets 728 310
Other non-current assets (719) 2,465
Increase (decrease) in liabilities:    
Accounts payable 315 4,802
Accrued expenses and other liabilities 4,486 3,612
Other long-term liabilities 2,318 (1,265)
Net cash provided by operating activities 40,785 17,157
INVESTING ACTIVITIES    
Capital expenditures (7,194) (798)
Net cash used for investing activities (7,194) (798)
FINANCING ACTIVITIES    
Payment of dividends (9,637) (8,191)
Cash paid for common stock purchased and retired (910) (702)
Net cash used for financing activities (10,547) (8,893)
Net increase in cash and cash equivalents 23,044 7,466
Cash and cash equivalents at beginning of period 43,171 14,102
Cash and cash equivalents at end of period 66,215 21,568
Supplemental information:    
Income tax payments, net $ 7,539 $ 4,095