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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,946 $ 9,139
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for doubtful accounts 0 17
Depreciation and amortization 5,541 5,070
Non-cash lease expense 2,626 2,257
Share-based compensation expense 2,071 1,130
Loss on sale of property, plant and equipment 12 6
Deferred income taxes 1,753 912
Purchase of trading investment securities (24) (35)
Proceeds from sale of trading investment securities 175 146
Realized and unrealized (gains) losses on investments (67) 4
Foreign exchange losses 1,572 996
Changes in assets and liabilities:    
Accounts receivable (2,755) 173
Inventories (3,777) (4,114)
Prepaid expenses and other current assets (918) (1,523)
Other assets (108) (69)
Accounts payable 1,079 (138)
Accrued volume incentives and service fees 483 1,523
Accrued liabilities (5,473) 59
Deferred revenue (111) 582
Lease liabilities (2,487) (2,072)
Income taxes payable 261 607
Liability related to unrecognized tax benefits (87) (135)
Deferred compensation payable 0 (115)
Net cash provided by operating activities 10,712 14,420
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (2,898) (2,210)
Net cash used in investing activities (2,898) (2,210)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of cash dividends (19,858) 0
Principal payments of long-term debt (698) 0
Proceeds from note payable 0 5,374
Payments related to tax withholding for net-share settled equity awards (1,574) 0
Tax benefit from exercise of stock options 0 (210)
Repurchase of common shares (1,500) 0
Net cash provided by (used in) financing activities (23,630) 5,164
Effect of exchange rates on cash and cash equivalents (1,351) (748)
Net increase (decrease) in cash and cash equivalents (17,167) 16,626
Cash and cash equivalents at the beginning of the period 92,069 53,629
Cash and cash equivalents at the end of the period 74,902 70,255
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 2,582 2,143
Cash paid for interest $ 111 $ 3

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