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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 7,063 $ 8,097
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 472 447
Stock-based compensation expense 610 553
Deferred income tax benefit 499 154
(Increase) decrease in assets:    
Accounts receivable (5,302) (3,021)
Income taxes receivable (1,695) (551)
Inventories (4,918) (3,620)
Prepaid expenses and other current assets 557 (214)
Other non-current assets 1,315 (232)
Increase (decrease) in liabilities:    
Accounts payable 5,663 4,768
Accrued expenses and other liabilities 1,032 999
Other long-term liabilities (777) 747
Net cash provided by operating activities 4,519 8,127
INVESTING ACTIVITIES    
Capital expenditures (202) (236)
Net cash used for investing activities (202) (236)
FINANCING ACTIVITIES    
Payment of dividends (4,095) (3,398)
Cash paid for common stock purchased and retired (702) (1,050)
Net cash used for financing activities (4,797) (4,448)
Net (decrease) increase in cash and cash equivalents (480) 3,443
Cash and cash equivalents at beginning of period 14,102 31,573
Cash and cash equivalents at end of period 13,622 35,016
Supplemental information:    
Income Taxes Paid, Net $ 3,395 $ 2,534