v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,139 $ 8,550
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,900 4,825
Noncash lease expense 1,385 1,363
Stock compensation expense 910 786
Provision for bad debts 1,539 434
Amortization of debt issuance costs and loan fees 363 327
Change in assets and liabilities:    
Receivables (16,502) 6,068
Inventories 2,644 (20,134)
Other current assets (1,883) (2,338)
Other assets (109) (70)
Accounts payable 4,680 2,614
Operating lease liability (1,466) (1,402)
Accrued and other liabilities (5,024) 710
Income taxes 3,135 309
Net cash provided by (used in) operating activities 9,711 2,042
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (4,826) (3,872)
Net cash provided by (used in) investing activities (4,826) (3,872)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 22,919 23,710
Repayments on revolving credit facility (19,250) (16,000)
Repayments on term loan (4,181) (4,181)
Payments of debt issuance costs and loan fees (142) (145)
Proceeds from stock options 16 19
Taxes paid related to net shares settlement of equity awards (91) 0
Repurchase of common stock (1,990) (201)
Dividends paid on common stock (2,441) (2,312)
Net cash (used in) provided by financing activities (5,160) 890
DECREASE IN CASH AND CASH EQUIVALENTS (275) (940)
CASH AND CASH EQUIVALENTS:    
BEGINNING OF PERIOD 2,902 3,719
END OF PERIOD $ 2,627 $ 2,779

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