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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 8,332 $ 5,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,050 3,874
Gain on sale of fixed assets (55)
Share-based compensation 696 691
Deferred income taxes 837 688
Changes in operating assets and liabilities:    
Receivables, net (2,360) (4,414)
Inventories 538 (1,451)
Prepaid expenses (61) (149)
Refundable income taxes 1,568 401
Other assets (178) (248)
Accounts payable (1,222) 2,907
Accrued expenses 30 (1,005)
Deferred revenue 444 286
Non-qualified deferred compensation plan and other liabilities (316) 155
Net cash provided by operating activities 12,358 7,447
Cash flows from investing activities:    
Additions to property, plant, and equipment (2,819) (2,991)
Acquisition of Dielectrics, net of cash acquired (76,978)
Proceeds from sale of fixed assets 68
Net cash used in investing activities (2,819) (79,901)
Cash flows from financing activities:    
Proceeds from advances on revolving line of credit 36,000
Payments on revolving line of credit (7,000) (15,000)
Proceeds from the issuance of long-term debt 20,000
Principal repayments of long-term debt (715) (1,429)
Proceeds from exercise of stock options, net of shares presented for exercise 440 964
Payment of statutory withholdings for stock options exercised and restricted stock units vested (271) (144)
Net cash (used in) provided by financing activities (7,546) 40,391
Net increase (decrease) in cash and cash equivalents 1,993 (32,063)
Cash and cash equivalents at beginning of period 3,238 37,978
Cash and cash equivalents at end of period $ 5,231 $ 5,915