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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income $ 36,273 $ 28,490
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,750 1,416
Stock-based compensation expense 2,844 2,108
Gain on disposition of assets, net (1,962)  
Deferred income tax benefit (2,366) (1,146)
Pension settlement loss 2,277  
(Increase) decrease in assets:    
Accounts receivable (5,403) (8,230)
Income taxes receivable (171) (88)
Inventories 3,231 (9,551)
Current pension assets 509  
Prepaid expenses and other current assets 514 (64)
Other non-current assets (4,477) 3,039
Increase (decrease) in liabilities:    
Accounts payable 3,816 7,870
Income taxes payable 755 573
Accrued expenses and other liabilities 97 4,202
Other long-term liabilities 2,491 (1,491)
Net cash provided by operating activities 40,178 27,128
INVESTING ACTIVITIES    
Capital expenditures (8,405) (1,373)
Proceeds from sale of assets 1,129  
Net cash used for investing activities (7,276) (1,373)
FINANCING ACTIVITIES    
Payment of dividends (14,458) (12,295)
Cash paid for common stock purchased and retired (910) (702)
Net cash used for financing activities (15,368) (12,997)
Net increase in cash and cash equivalents 17,534 12,758
Cash and cash equivalents at beginning of period 43,171 14,102
Cash and cash equivalents at end of period 60,705 26,860
Supplemental information:    
Income tax payments, net $ 10,736 $ 8,782