v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income $ 11,370 $ 52,601
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,638 10,618
Share-based compensation 2,030 1,981
Equity method investment gain (494) (614)
Deferred income taxes, including change in valuation allowance (901) (10)
Change in fair value of contingent consideration 22,700 9,500
Other, net 446 270
Changes in operating assets and liabilities:    
Receivables, net 31,103 (14,766)
Inventory (15,224) (11,754)
Prepaid expenses (1,752) (1,217)
Income taxes payable (refundable) 3,128 (1,818)
Accounts payable (10,687) (6,345)
Accrued expenses and other 4,663 (10,738)
Federal and state excise taxes payable (1,504) 2,241
Other, net (159) (367)
Net cash provided by operating activities 56,357 29,582
Cash Flows from Investing Activities    
Additions to property, plant, and equipment (32,156) (33,397)
Other, net (11) (260)
Net cash used in investing activities (32,167) (33,657)
Cash Flows from Financing Activities    
Payment of dividends and dividend equivalents (5,156) (5,344)
Repurchase of Common Stock (1,035) (9,735)
Loan fees paid related to borrowings (2,712) 0
Proceeds from long-term debt 28,000 50,000
Principal payments on long-term debt (52,200) (28,200)
Net cash provided by (used in) financing activities (33,103) 6,721
Effect of exchange rate changes on cash and cash equivalents 960 (23)
Increase (decrease) in cash and cash equivalents (7,953) 2,623
Cash and cash equivalents, beginning of period 25,273 18,388
Cash and cash equivalents, end of period $ 17,320 $ 21,011

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