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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net income $ 20,584 $ 31,032
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,289 5,171
Share-based compensation 1,116 1,215
Equity method investment loss 296 260
Deferred income taxes, including change in valuation allowance 645 573
Change in fair value of contingent consideration 4,100 0
Other, net 157 99
Changes in operating assets and liabilities:    
Receivables, net 11,257 (19,227)
Inventory (2,119) (18,707)
Prepaid expenses (1,904) (3,578)
Income taxes payable (refundable) 5,530 9,043
Accounts payable (10,207) 6,498
Accrued expenses and other (10,380) (10,208)
Federal and state excise taxes payable 1,548 2,761
Other, net (1,289) 89
Net cash provided by operating activities 24,623 5,021
Cash Flows from Investing Activities    
Additions to property, plant, and equipment (27,026) (16,237)
Other, net (240) (708)
Net cash used in investing activities (27,266) (16,945)
Cash Flows from Financing Activities    
Payment of dividends and dividend equivalents (2,672) (2,669)
Repurchase of Common Stock (6,961) (801)
Proceeds from long-term debt 30,000 0
Principal payments on long-term debt (16,600) (800)
Net cash provided by (used in) financing activities 3,767 (4,270)
Effect of exchange rate changes on cash and cash equivalents (15) 33
Increase (decrease) in cash and cash equivalents 1,109 (16,161)
Cash and cash equivalents, beginning of period 18,388 47,889
Cash and cash equivalents, end of period $ 19,497 $ 31,728

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