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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net earnings (losses) $ 7,517 $ (7,924)
Adjustments to reconcile net losses earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 9,854 8,751
Gains on sales of property (265) (140)
Provision for doubtful accounts (2) (24)
Stock-based compensation expense 417 304
Deferred income taxes (1,636) (1,534)
Net change in fair value contracts (25) (12)
Changes in assets and liabilities:    
Accounts receivable (26,109) 27,103
Accounts receivable/payable, affiliates (4) 1
Inventories (10,376) 6,570
Income tax receivable 7,442 (4,733)
Prepayments and other current assets 842 262
Accounts payable 63,831 (63,013)
Accrued liabilities 1,235 3,875
Other (614) 55
Net cash provided by (used in) operating activities 52,107 (30,459)
Investing activities:    
Property and equipment additions (3,602) (2,880)
Asset acquisition 0 (9,137)
Proceeds from property sales 1,316 514
Insurance and state collateral (deposits) refunds 0 1,129
Net cash used in investing activities (2,286) (10,374)
Financing activities:    
Borrowings under Credit Agreement 8,000 0
Principal repayments of finance lease obligations (2,123) (1,070)
Payment for financed portion of VEX acquisition (10,000) 0
Payment of contingent consideration liability 0 (111)
Dividends paid on common stock (2,062) (2,044)
Net cash used in financing activities (6,185) (3,225)
Increase (Decrease) in cash and cash equivalents, including restricted cash 43,636 (44,058)
Cash and cash equivalents, including restricted cash, at beginning of period 52,065 122,255
Cash and cash equivalents, including restricted cash, at end of period $ 95,701 $ 78,197