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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities    
Net income $ 18,380 $ 25,094
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation 8,142 7,243
Amortization 2,610 4,518
Non-cash stock-based compensation expense 1,829 1,346
Gain on disposal of fixed assets (996) (7)
Gain on sale of notes receivable 0 (11,924)
Other (702) 407
Other long-term liabilities (205) 478
Cash flows provided by (used for) working capital    
Accounts receivable (15,250) (9,672)
Inventories (13,411) (5,453)
Prepaid expenses and other current assets (4,814) (2,926)
Accounts payable and accrued expenses 25,718 2,681
Net cash provided by (used for) operating activities 21,301 11,785
Cash Flows From Investing Activities    
Capital expenditures (8,220) (5,589)
Acquisition of business (1,223) (691)
Proceeds from sale of property, plant and equipment 2,848 0
Proceeds on sale of notes receivable 0 1,200
Net cash provided by (used for) investing activities (6,595) (5,080)
Cash Flows From Financing Activities    
Net borrowings from revolving credit facility 19,900 0
Repayments of long-term debt (40,000) 0
Payments on finance lease (161) 0
Cash dividends paid (9,809) (9,736)
Proceeds from issuance of common stock 2,420 235
Shares withheld for employee taxes on equity awards (748) (362)
Deferred financing fees (1,095) 0
Net cash provided by (used for) financing activities (29,493) (9,863)
Foreign exchange rate effect on cash 29 (47)
Net decrease in cash (14,758) (3,205)
Cash at January 1 28,301 75,527
Cash at June 30 $ 13,543 $ 72,322