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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net income $ 108,839 $ 74,549 $ 45,429
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 24,169 23,827 22,199
Amortization of deferred financing costs 27 17 2
Deferred income taxes (1,000) (923) 2,527
Loss on disposition of property, plant and equipment 49 363 (312)
Stock-based compensation 4,893 3,182 2,636
Changes in operating assets and liabilities:      
Trade receivables, net (5,930) (4,460) (6,438)
Inventories (3,373) (4,734) (4,294)
Prepaid expenses and other current assets (443) (1,140) (191)
Other assets (97) (142) 8
Accounts payable and accrued expenses (1,010) 1,666 2,701
Other liabilities (104) 54 96
Net cash provided by operating activities 126,020 92,259 64,363
INVESTING ACTIVITIES:      
Purchase of property, plant and equipment (27,414) (34,250) (26,815)
Acquisition of a business, net of cash acquired     (5,630)
Proceeds from sale of property, plant and equipment 556 2,286 1,294
Net cash used in investing activities (26,858) (31,964) (31,151)
FINANCING ACTIVITIES:      
Cash dividends paid (5,716) (4,554) (4,536)
Proceeds from exercise of stock options 130 113 120
Purchase of treasury shares (3,509) (1,274) (767)
Net cash used in financing activities (9,095) (5,715) (5,183)
Net increase in cash and cash equivalents 90,067 54,580 28,029
Cash and cash equivalents at beginning of period 187,964 133,384 105,355
Cash and cash equivalents at end of period $ 278,031 $ 187,964 $ 133,384