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Condensed Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 20,400 $ 29,923
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Stock-based compensation 0 193
Depreciation and amortization 11,509 11,592
Increase (decrease) in allowance for doubtful accounts (124) 177
Inventory write downs 1,522 2,531
Deferred income taxes (1,180) (907)
Equity in earnings of affiliated companies (236) (182)
Loss (gain) on disposal of fixed assets 2 (7,500)
(Increase) decrease in:    
Pledged deposits 2,696 1,953
Accounts and notes receivable 19,801 (19,173)
Advance payments and others (1,741) 328
Inventories (6,723) (17,449)
Increase (decrease) in:    
Accounts and notes payable (17,021) 2,363
Customer deposits (381) 1,313
Accrued payroll and related costs (1,068) (423)
Accrued expenses and other payables 1,109 597
Accrued pension costs (842) 1,460
Taxes payable (3,671) 1,257
Advances payable 0 8
Net cash provided by operating activities 24,052 8,061
Cash flows from investing activities:    
Increase in other receivables (1,965) (347)
Cash received from property, plant and equipment sales 573 6,994
Payments to acquire property, plant and equipment (24,077) (11,317)
Payments to acquire intangible assets (947) (252)
Purchase of short-term investments (12,264) (46,192)
Proceeds from maturities of short-term investments 25,038 38,115
Acquisition of Fujian Qiaolong, net of cash acquired 0 (2,976)
Investment under cost method (1,636) 0
Net cash used in investing activities (15,278) (15,975)
Cash flows from financing activities:    
Proceeds from government and bank loan 11,420 15,836
Repayments of bank loan (8,685) (9,590)
Dividends paid to the non-controlling interest holders (1,121) (6,048)
Dividends paid to the holders of the Company’s common stock 0 (4,291)
Increase (decrease) in amounts due to shareholders/directors (252) 69
Net cash provided by (used in) financing activities 1,362 (4,024)
Effects of exchange rates on cash and cash equivalents (2,577) (472)
Net increase (decrease) in cash and cash equivalents 7,559 (12,410)
Cash and cash equivalents at beginning of period 68,505 53,979
Cash and cash equivalents at end of period 76,064 41,569
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 1,477 893
Cash paid for income taxes 7,554 3,459
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Advance payments for acquiring property, plant and equipment 8,456 6,303
Dividends payable to non-controlling interest holders 318 4,063
Accounts payable for acquiring property, plant and equipment 292 0
Non-controlling interests arising as a result of acquisition of Fujian Qiaolong 0 2,793
Payables for the acquisition of non-controlling interests in Henglong and Jiulong 0 37,314
Accounts receivable for the sale of land use rights 0 1,890
Dividends payable to the Company’s shareholders 0 757
Dividends receivable from joint venture company $ 0 $ 508