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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income (loss) $ (772) $ 8,316
Adjustments to reconcile net income (loss) to cash provided by operating activities    
Depreciation and amortization 3,280 3,261
Non-cash lease expense 1,145 1,108
Share-based compensation 1,930 2,171
Loss on sale or disposal of property, plant and equipment 387 13
Realized gain on sale of investment securities (7) (9)
Amortization of discount on investment securities (190) (191)
Deferred income taxes 20 112
Unrealized gain on equity investment securities (620) (2,437)
Change in operating assets and liabilities:    
Inventories 3,057 8,318
Prepaid expenses and other current assets 73 (742)
Other assets (41) 24
Accounts payable and accrued expenses (5,997) (15,918)
Income taxes 1,141 3,256
Net cash flow provided by operating activities 3,406 7,282
Investing Activities    
Purchase of investment securities (14,991) (9,169)
Proceeds from sale and maturities of investment securities 14,459 8,235
Purchase of property and equipment (1,522) (1,841)
Net cash flow used in investing activities (2,054) (2,775)
Financing Activities    
Options exercised by directors 0 36
Net shares repurchased for employee taxes (369) (817)
Cash dividends paid to stockholders (194) (710)
Net cash flow used in financing activities (563) (1,491)
Foreign currency impact 0 15
Increase in cash and cash equivalents 789 3,031
Cash and cash equivalents - beginning of the period 90,928 94,440
Cash and cash equivalents - end of period 91,717 97,471
Supplemental disclosure of cash flow information:    
Income taxes paid (refunded) 2,914 (100)
Dividends included in accounts payable and accrued expenses $ 453 $ 697