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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:          
Net earnings $ 33,912 $ 32,910 $ 91,516 $ 84,303  
Adjustments to arrive at net cash provided by operating activities:          
Depreciation and amortization     38,828 36,831  
Share-based compensation expense     6,431 4,017  
Net loss (gain) on assets     203 (254)  
Loss on divestitures and other charges     13,774 5,821  
Deferred income taxes     3,793 (9,001)  
Changes in operating assets and liabilities:          
Trade accounts receivable     (35,290) (7,962)  
Inventories     (15,898) 17,433  
Prepaid expenses and other assets     (15,016) (4,726)  
Accounts payable and other accrued expenses     24,007 9,018  
Accrued salaries, wages, and withholdings from employees     1,763 7,410  
Income taxes     (1,155) (3,899)  
Other liabilities     3,192 3,936  
Net cash provided by operating activities     116,148 142,927  
Cash Flows from Investing Activities:          
Acquisition of property, plant, and equipment     (37,608) (34,009)  
Proceeds from sale of assets     201 1,022  
Proceeds from divesture of businesses     36,790 12,228  
Acquisition of new businesses     (13,875) 0  
Other investing activities     1,348 4,955  
Net cash used in investing activities     (13,144) (15,804)  
Cash flows from financing activities:          
Proceeds from additional borrowings     55,589 33,164  
Debt payments     (67,534) (101,061)  
Purchase of treasury stock     (31,467) 0  
Dividends paid     (49,468) (49,537)  
Other financing activities     (582) (415)  
Net cash used in financing activities     (93,462) (117,849)  
Effect of exchange rate changes on cash and cash equivalents     (1,373) (3,527)  
Net increase in cash and cash equivalents     8,169 5,747  
Cash and cash equivalents at beginning of period     24,770 21,153 $ 21,153
Cash and cash equivalents at end of period $ 32,939 $ 26,900 $ 32,939 $ 26,900 $ 24,770