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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 16,404 $ 16,308
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for doubtful accounts 0 116
Depreciation and amortization 8,276 7,834
Non-cash lease expense 4,043 2,398
Share-based compensation expense 2,957 2,141
Loss on sale of property, plant and equipment 24 7
Deferred income taxes 2,891 1,210
Purchase of trading investment securities (30) (47)
Proceeds from sale of trading investment securities 175 221
Realized and unrealized gains on investments (62) (41)
Foreign exchange losses 2,483 354
Changes in assets and liabilities:    
Accounts receivable (2,054) (1,692)
Inventories (10,771) (1,361)
Prepaid expenses and other current assets (1,787) (798)
Other assets (267) (30)
Accounts payable 421 1,102
Accrued volume incentives and service fees 2,750 (1,370)
Accrued liabilities (1,646) 5,106
Deferred revenue (551) 295
Lease liabilities (4,170) (2,276)
Income taxes payable 1,316 (1,078)
Liability related to unrecognized tax benefits (87) (1,417)
Deferred compensation payable (34) (133)
Net cash provided by operating activities 20,281 26,849
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (4,626) (3,487)
Net cash used in investing activities (4,626) (3,487)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of cash dividends (19,858) 0
Principal payments of long-term debt (1,001) 0
Proceeds from note payable 0 5,374
Principal payments of related party borrowing (600) (243)
Proceeds from the exercise of stock awards 0 192
Payments related to tax withholding for net-share settled equity awards (2,016) 0
Tax benefit from exercise of stock options   (298)
Repurchase of common stock (6,000) 0
Net cash provided by (used in) financing activities (29,475) 5,025
Effect of exchange rates on cash and cash equivalents (2,714) 244
Net increase (decrease) in cash and cash equivalents (16,534) 28,631
Cash and cash equivalents at the beginning of the period 92,069 53,629
Cash and cash equivalents at the end of the period 75,535 82,260
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 4,431 3,293
Cash paid for interest $ 156 $ 24

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