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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net income $ 9,264 $ 9,947
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 2,686 2,198
Provision for doubtful accounts (50) 86
Issuance of non-employee director shares 150 96
Deferred income tax provision 63 42
(Gain) Loss on disposal of property, plant and equipment (643) 3
Changes in operating assets and liabilities:    
Accounts receivable (8,455) (29,407)
Inventories (3,448) (2,796)
Prepaid expenses 820 (2,097)
Other assets 45 (38)
Accounts payable (2,971) 5,864
Accrued liabilities 3,931 3,552
Net cash flows from (used in) operating activities 1,392 (12,550)
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (14,304) (13,200)
Proceeds from sale of plant, property & equipment 1,305 5
Net cash flows from (used in) investing activities (12,999) (13,195)
FINANCING ACTIVITIES:    
Net borrowings under credit facility 15,000 20,000
Payments of cash dividends (4,091) (3,858)
Proceeds from stock option exercises 142  
Net cash flows from (used in) financing activities 11,051 16,142
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS 1,471 706
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS 915 (8,897)
CASH AND TEMPORARY INVESTMENTS, beginning of period 31,115 38,449
CASH AND TEMPORARY INVESTMENTS, end of period 32,030 29,552
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 1,044 820
Cash payments for income taxes, net of refunds $ 761 $ 3,443