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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net income $ 11,161 $ 10,900
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 8,404 8,572
Amortization of deferred financing costs 6 15
Deferred income taxes 2,619 1,157
Loss on disposition of property, plant and equipment 97 345
Stock-based compensation 691 713
Changes in operating assets and liabilities:    
Trade receivables, net (3,344) (4,450)
Inventories, net 517 1,289
Prepaid expenses and other current assets 341 438
Other assets 50 93
Accounts payable and accrued expenses (452) (697)
Other liabilities (54) (145)
Net cash provided by operating activities 20,036 18,230
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (12,360) (19,378)
Proceeds from sale of property, plant and equipment 461 183
Net cash used in investing activities (11,899) (19,195)
FINANCING ACTIVITIES:    
Cash dividends paid (1,517) (1,511)
Proceeds from exercise of stock options 75 73
Purchase of treasury shares (241) (251)
Net cash used in financing activities (1,683) (1,689)
Net increase (decrease) in cash and cash equivalents 6,454 (2,654)
Cash and cash equivalents at beginning of period 67,218 85,000
Cash and cash equivalents at end of period $ 73,672 $ 82,346