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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES:    
Net income $ 2,065 $ 3,178
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 2,793 2,440
(Gain) Loss on disposal of property, plant and equipment   5
Provision for credit losses 45 51
Issuance of non-employee director shares 200 200
Stock-based compensation on nonvested restricted stock units 75  
Deferred tax provision (37) (3)
Changes in operating assets and liabilities:    
Accounts receivable (39,960) (25,812)
Inventories (9,434) (568)
Prepaid expenses (2,992) (3,377)
Other assets (38) 37
Accounts payable 20,272 27,557
Accrued liabilities (1,925) (861)
Net cash flows from operating activities (28,936) 2,847
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (4,091) (2,489)
Proceeds from sale of property, plant and equipment 8  
Net cash flows from investing activities (4,083) (2,489)
FINANCING ACTIVITIES:    
Net borrowings under credit facility 10,000  
Payments of cash dividends (2,055) (2,054)
Finance lease obligation payments (6) (5)
Net cash flows from financing activities 7,939 (2,059)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS 40 379
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS (25,040) (1,322)
CASH AND TEMPORARY INVESTMENTS, beginning of period 54,332 57,521
CASH AND TEMPORARY INVESTMENTS, end of period 29,292 56,199
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 467 280
Cash payments for income taxes, net of refunds $ 572 $ 604