XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES:    
Net income $ 34,113 $ 22,439
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 6,137 6,054
Amortization of deferred financing costs 6 2
Deferred income taxes (571) (238)
Loss (gain) on disposition of property, plant and equipment 106 (93)
Stock-based compensation 2,336 1,241
Changes in operating assets and liabilities:    
Trade receivables, net (11,790) (4,103)
Inventories (174) (1,411)
Prepaid expenses and other current assets 1,012 639
Other assets 164 15
Accounts payable and accrued expenses 8,113 2,643
Other liabilities (18) (21)
Net cash provided by operating activities 39,434 27,167
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (14,852) (6,824)
Proceeds from sale of property, plant and equipment 4 156
Net cash used in investing activities (14,848) (6,668)
FINANCING ACTIVITIES:    
Cash dividends paid (1,719) (1,426)
Proceeds from exercise of stock options 160 130
Purchase of treasury shares (424) (172)
Net cash used in financing activities (1,983) (1,468)
Net increase in cash and cash equivalents 22,603 19,031
Cash and cash equivalents at beginning of period 278,031 187,964
Cash and cash equivalents at end of period $ 300,634 $ 206,995