XML 27 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 17,853 $ 41,695 $ 40,347
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,786 2,416 1,905
Stock-based compensation expense 4,228 3,711 2,707
Gain on disposition of assets, net (144) (2,036)  
Deferred income tax provision (1,139) (3,126) (1,798)
Pension settlement loss   2,363 1,180
(Increase) decrease in assets:      
Accounts receivable (1,701) 2,865 (2,078)
Income taxes receivable (78) (333) (18)
Inventories 11,651 11,404 246
Prepaid expenses and other current assets (193) 792 (614)
Other long-term assets (3,767) (5,658) 2,675
Increase (decrease) in liabilities:      
Accounts payable (572) (2,179) 1,479
Accrued expenses and other liabilities (3,071) 1,130 4,042
Other long-term liabilities 3,673 3,802 (725)
Net cash provided by operating activities 29,526 56,846 49,348
INVESTING ACTIVITIES      
Capital expenditures (4,596) (10,174) (2,500)
Proceeds from sale of assets 163 2,303  
Net cash used for investing activities (4,433) (7,871) (2,500)
FINANCING ACTIVITIES      
Payment of dividends (43,733) (19,284) (17,077)
Cash paid for common stock purchased and retired (933) (910) (702)
Net cash used for financing activities (44,666) (20,194) (17,779)
Net (decrease) increase in cash and cash equivalents (19,573) 28,781 29,069
Cash and cash equivalents at beginning of period 71,952 43,171 14,102
Cash and cash equivalents at end of period 52,379 71,952 43,171
Supplemental information:      
Income tax payments, net $ 4,476 $ 13,911 $ 13,022