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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,139 $ 4,358
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for doubtful accounts 17 30
Depreciation and amortization 5,070 4,987
Non-cash lease expense 2,257 2,792
Share-based compensation expense 1,130 851
Loss on sale of property, plant and equipment 6 3
Deferred income taxes 912 365
Purchase of trading investment securities (35) (57)
Proceeds from sale of trading investment securities 146 105
Realized and unrealized losses (gains) on investments 4 (173)
Foreign exchange losses (gains) 996 (205)
Changes in assets and liabilities:    
Accounts receivable 173 (1,035)
Inventories (4,114) (2,052)
Prepaid expenses and other current assets (1,523) (259)
Other assets (69) (767)
Accounts payable (138) (1,226)
Accrued volume incentives and service fees 1,523 (235)
Accrued liabilities 59 (6,203)
Deferred revenue 582 1,039
Lease liabilities (2,072) (2,340)
Income taxes payable 607 (1,207)
Liability related to unrecognized tax benefits (135) (40)
Deferred compensation payable (115) 125
Net cash provided by (used in) operating activities 14,420 (1,144)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (2,210) (2,774)
Net cash used in investing activities (2,210) (2,774)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments of revolving credit facility 0 (547)
Proceeds from revolving credit facility 0 547
Proceeds from note payable 5,374 0
Tax benefit from stock awards (210) (193)
Net cash provided by (used in) financing activities 5,164 (193)
Effect of exchange rates on cash and cash equivalents (748) (186)
Net increase (decrease) in cash and cash equivalents 16,626 (4,297)
Cash and cash equivalents at the beginning of the period 53,629 50,638
Cash and cash equivalents at the end of the period 70,255 46,341
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 2,143 3,895
Cash paid for interest $ 3 $ 63

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