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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net income $ 2,206 $ 4,597
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 789 682
Stock-based compensation expense 1,141 956
Deferred income tax (benefit) provision (76) 186
(Increase) decrease in assets:    
Accounts receivable (3,617) (5,274)
Income taxes receivable 378 357
Inventories (2,904) 6,401
Prepaid expenses and other current assets (1,751) (921)
Other long-term assets 392 (1,511)
Increase (decrease) in liabilities:    
Accounts payable 13,110 6,993
Accrued expenses and other liabilities 1,477 1,946
Other long-term liabilities (376) 1,503
Net cash provided by operating activities 10,769 15,915
INVESTING ACTIVITIES    
Capital expenditures (96) (883)
Net cash used for investing activities (96) (883)
FINANCING ACTIVITIES    
Payment of dividends (4,894) (4,852)
Cash paid for common stock purchased and retired (1,055) (907)
Net cash used for financing activities (5,949) (5,759)
Net increase in cash and cash equivalents 4,724 9,273
Cash and cash equivalents at beginning of period 52,379 71,952
Cash and cash equivalents at end of period $ 57,103 $ 81,225