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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income $ 56,319 $ 89,358 $ 90,803
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 18,603 16,926 16,304
Stock-based compensation 8,010 7,195 8,213
Deferred income taxes (1,171) 584 234
Net (gain) loss on sale of land, property and equipment 71 128 (77)
Other 1,160 960 869
Changes in operating assets and liabilities:      
Inventories 24,377 (6,303) (22,123)
Customer deposits (12,132) (50,928) 12,714
Other assets and liabilities 8,643 (923) (3,244)
Accounts payable and accrued liabilities (6,677) (5,982) (6,451)
Net cash provided by operating activities 97,203 51,015 97,242
Cash Flows from Investing Activities      
Capital expenditures (53,115) (28,411) (34,090)
Proceeds from sale of property and equipment 53 86 88
Net cash used in investing activities (53,062) (28,325) (34,002)
Cash Flows from Financing Activities      
Dividends paid (35,240) (33,948) (52,446)
Common stock repurchased (6,895) (29,998) (41,809)
Taxes on vested restricted shares (4,159) (1,676) (2,894)
Net cash used in financing activities (46,294) (65,622) (97,149)
Cash Equivalents (2,153) (42,932) (33,909)
Beginning of Year 129,930 172,862 206,771
End of Year 127,777 129,930 172,862
Supplemental Disclosures      
Cash paid during the period for income taxes, net of refunds 23,264 27,957 32,395
Cash paid for interest $ 162 $ 127 $ 126