Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net Income (Loss) $ (376) $ (4,404)
Adjustments to Reconcile Net Income (Loss) To Net Cash Provided by Operating Activities:    
Depreciation and Amortization 3,851 3,820
Amortization of Intangible Assets 456 461
Stock-based Compensation 524 571
Deferred Income Taxes 246 (924)
Amortization of Loan Fees 45 45
Gain on Disposal of Assets 0 (254)
Other Non-cash Items 515 0
Changes in Operating Assets and Liabilities:    
(Increase) Decrease in Trade Receivables (762) (628)
(Increase) Decrease in Inventories 779 1,206
(Increase) Decrease in Prepaid Expenses and Other Assets 916 2,803
Increase (Decrease) in Accounts Payable and Accrued Liabilities 1,527 1,282
Increase (Decrease) in Other Liabilities (4) (147)
Net Cash Provided by Operating Activities 7,717 3,831
INVESTING ACTIVITIES    
Additions to Property, Plant and Equipment (4,851) (4,781)
Proceeds from Sale of Property, Plant and Equipment 0 281
Net Cash Used in Investing Activities (4,851) (4,500)
FINANCING ACTIVITIES    
Repurchase of Common Stock 0 (692)
Net Cash Paid Related to Stock-Based Compensation (370) (183)
Repayments of Long-Term Debt (1,094) (1,094)
Net Cash Used in Financing Activities (1,464) (1,969)
NET INCREASE (DECREASE) INCREASE IN CASH 1,402 (2,638)
CASH AT BEGINNING OF PERIOD 30,535 55,664
CASH AT END OF PERIOD 31,937 53,026
Supplemental disclosure of cash flow information:    
Cash payments for interest 237 257
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 11 116
Foreign taxes paid $ 0 $ 1,054