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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net income $ 5,128 $ 4,262
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 4,121 4,230
Amortization of deferred financing costs 4 8
Deferred income taxes 1,246 471
Loss on disposition of property, plant and equipment 386 211
Stock-based compensation 309 316
Changes in operating assets and liabilities:    
Trade receivables, net (3,108) (2,601)
Inventories, net 25 947
Prepaid expenses and other current assets 216 417
Other assets 31 20
Accounts payable and accrued expenses (899) (1,705)
Other liabilities 15 (56)
Net cash provided by operating activities 7,474 6,520
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (5,684) (7,620)
Proceeds from sale of property, plant and equipment 142 108
Net cash used in investing activities (5,542) (7,512)
FINANCING ACTIVITIES:    
Cash dividends paid (757) (755)
Proceeds from exercise of stock options   73
Purchase of treasury shares (52) (61)
Net cash used in financing activities (809) (743)
Net increase (decrease) in cash and cash equivalents 1,123 (1,735)
Cash and cash equivalents at beginning of period 67,218 85,000
Cash and cash equivalents at end of period $ 68,341 $ 83,265