XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 4,597 $ 11,549
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 682 523
Stock-based compensation expense 956 777
Deferred income tax provision/ (benefit) 186 (1,133)
Pension settlement loss   2,089
(Increase) decrease in assets:    
Accounts receivable (5,274) (5,580)
Income taxes receivable 357 (146)
Inventories 6,401 6,176
Prepaid expenses and other current assets (921) 1,035
Other non-current assets (1,511) (321)
Increase in liabilities:    
Accounts payable 6,993 4,280
Accrued expenses and other liabilities 1,946 6,357
Other long-term liabilities 1,503 1,340
Net cash provided by operating activities 15,915 26,946
INVESTING ACTIVITIES    
Capital expenditures (883) (1,789)
Net cash used for investing activities (883) (1,789)
FINANCING ACTIVITIES    
Payment of dividends (4,852) (4,817)
Cash paid for common stock purchased and retired (907) (910)
Net cash used for financing activities (5,759) (5,727)
Net increase (decrease) in cash and cash equivalents 9,273 19,430
Cash and cash equivalents at beginning of period 71,952 43,171
Cash and cash equivalents at end of period $ 81,225 62,601
Supplemental information:    
Income tax payments, net   $ 355