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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES:    
Net income $ 64,944 $ 48,496
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 12,332 12,017
Amortization of deferred financing costs 6 2
Deferred income taxes (2,289) (401)
Loss (gain) on disposition of property, plant and equipment 290 (53)
Stock-based compensation 4,307 2,387
Changes in operating assets and liabilities:    
Trade receivables, net (10,410) (8,232)
Inventories 2,091 (2,987)
Prepaid expenses and other current assets 1,534 1,174
Other assets 171 (1,564)
Accounts payable and accrued expenses 528 (2,430)
Other liabilities (39) (45)
Net cash provided by operating activities 73,465 48,364
INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (28,126) (11,220)
Proceeds from sale of property, plant and equipment 241 292
Net cash used in investing activities (27,885) (10,928)
FINANCING ACTIVITIES:    
Cash dividends paid (3,437) (2,857)
Proceeds from exercise of stock options 160 130
Purchase of treasury shares (424) (172)
Net cash used in financing activities (3,701) (2,899)
Net increase in cash and cash equivalents 41,879 34,537
Cash and cash equivalents at beginning of period 278,031 187,964
Cash and cash equivalents at end of period $ 319,910 $ 222,501