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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 48,713 $ 47,513
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation 19,021 16,137
Amortization expense (including deferred financing fees) 7,088 2,966
Loss on extinguishment of debt 1,445 0
Change in fair value of acquisition related contingent consideration (350) 0
Provision for inventory obsolescence 1,660 1,436
Loss on disposal of property, plant and equipment 32 83
Unrealized foreign currency losses 375 1,370
Stock-based compensation 6,738 7,314
Bad debt and customer claims (589) (1,403)
Changes in assets and liabilities:    
Customer receivables (14,706) (5,789)
Inventories (16,174) (7,611)
Prepaid and other current assets 16,551 5,491
Accounts payable 6,171 9,502
Current and deferred income taxes (4,815) (1,388)
Other current liabilities 711 (7,250)
Other noncurrent assets and liabilities (8,076) (8,967)
Cash provided by operating activities 63,795 59,404
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (21,349) (29,433)
Purchase of businesses, net of cash acquired (307,983) 0
Cash used in investing activities (329,332) (29,433)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolving credit facility 409,000 304,000
Repayment of revolving credit facility (287,500) (296,500)
Proceeds from term loan 395,136 0
Repayment of term loan (224,149) (7,500)
Payment of financing fees (4,578) 0
Payment of fees related to debt extinguishment (1,023) 0
Payment of dividends (22,727) (23,000)
Proceeds from the issuance of common stock 51 576
Purchase of common stock for treasury (4,393) (10,570)
Contingent purchase price payment 0 (6,000)
Cash provided by (used in) financing activities 259,817 (38,994)
Effect of exchange rate changes on cash and cash equivalents 10,834 5,002
Net increase (decrease) in cash and cash equivalents 5,114 (4,021)
Cash and cash equivalents at beginning of period 2,203 9,854
Cash and cash equivalents at end of period $ 7,317 $ 5,833