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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net earnings $ 80,192 $ 82,114 $ 65,948
Adjustments to reconcile net earnings to cash provided by operating activities:      
Depreciation 22,749 19,071 17,364
Amortization expense (including deferred financing fees) 3,954 3,954 3,915
Provision for deferred taxes (19,634) 26,016 158
Inventory obsolescence 1,882 2,376 2,656
Loss on disposal of property, plant and equipment 212 5 1,229
Unrealized foreign currency losses (gains) 1,297 827 (8,789)
Stock-based compensation 9,658 10,469 8,166
Intangible asset impairment charge 0 0 10,650
Non-cash write-off of property, plant and equipment 16,306 0 0
Bad debt and customer claims 1,616 6,303 1,477
Changes in assets and liabilities, net of effects of acquisitions:      
Customer receivables (5,500) 26,591 (4,292)
Inventories (4,045) (2,157) (4,481)
Accounts payable 12,120 4,591 (26,253)
Current income taxes (7,011) (6,871) 675
Prepaid and other current assets (3,350) (13,815) (5,425)
Other current liabilities (4,813) (3,430) 22,937
Other noncurrent assets and liabilities (1,899) (51,749) 2,919
Cash provided by operating activities 103,734 104,295 88,854
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (40,587) (40,105) (29,610)
Purchase of businesses, net of cash acquired 0 (18,456) 0
Cash used in investing activities (40,587) (58,561) (29,610)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from credit facility 310,000 377,500 309,000
Repayment of credit facility (338,000) (379,500) (345,000)
Payment of financing fees 0 0 (10)
Payment of dividends (30,193) (29,217) (24,364)
Proceeds from the issuance of common stock 601 2,847 5,756
Purchase of common stock for treasury (10,950) (5,464) (8,725)
Contingent purchase price payment (6,000) (5,000) (5,000)
Tax benefit from the exercise of stock options and vesting of equity awards 0 0 826
Cash used in financing activities (74,542) (38,834) (67,517)
Effect of exchange rate changes on cash and cash equivalents 3,744 (1,238) (6,556)
Net (decrease) increase in cash and cash equivalents (7,651) 5,662 (14,829)
Cash and cash equivalents at beginning of year 9,854 4,192 19,021
Cash and cash equivalents at end of year 2,203 9,854 4,192
Supplemental disclosure of cash flow information:      
Cash paid for interest $ 7,605 $ 5,228 $ 6,168