CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 15,938	$ 8,624
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,538	10,195
Non-cash lease expense	3,792	4,386
Share-based compensation expense	4,223	3,580
Loss on sale of property, plant and equipment	0	1,330
Deferred income taxes	(2,104)	26
Purchase of trading investment securities	(94)	(126)
Proceeds from sale of trading investment securities	14	95
Realized and unrealized gains on investments	(112)	(113)
Foreign exchange gains	(4,451)	(1,111)
Changes in assets and liabilities:
Accounts receivable	(5,254)	(2,563)
Inventories	(6,428)	4,392
Prepaid expenses and other current assets	(1,323)	(3,588)
Other assets	(465)	(444)
Accounts payable	(2,401)	838
Accrued volume incentives and service fees	4,165	(876)
Accrued liabilities	5,412	(7,759)
Deferred revenue	4,615	(46)
Lease liabilities	(3,883)	(4,492)
Income taxes payable	2,814	180
Liability related to unrecognized tax benefits	235	442
Deferred compensation payable	192	144
Net cash provided by operating activities	25,423	13,114
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(4,143)	(8,776)
Net cash used in investing activities	(4,143)	(8,776)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility	1,823	40,172
Principal payments of revolving credit facility	(1,823)	(40,172)
Payments related to tax withholding for net-share settled equity awards	(872)	(893)
Repurchase of common stock	(14,376)	(8,436)
Net cash used in financing activities	(15,248)	(9,329)
Effect of exchange rates on cash and cash equivalents	4,822	1,322
Net increase (decrease) in cash and cash equivalents	10,854	(3,669)
Cash and cash equivalents at the beginning of the period	84,700	82,373
Cash and cash equivalents at the end of the period	95,554	78,704
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes, net of refunds	7,699	9,782
Cash paid for interest	$ 71	$ 141

NATURES SUNSHINE PRODUCTS INC 10-Q