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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 10,792 $ 9,127
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 9,199 9,268
Non-cash lease expense 1,962 2,805
Share-based compensation 4,352 3,230
Deferred income taxes (82) (37)
Loss on disposals of plant and equipment 106 530
Foreign exchange income (962) (589)
Changes in assets and liabilities, net of acquisitions:    
Receivables (2,574) (6,517)
Inventory (19,952) (20,986)
Accounts payable and accrued expenses (4,223) 1,309
Operating Leases (1,962) (2,804)
Income taxes 786 (509)
Employee benefit plans (35) (31)
Other, net (2,063) 2,269
Net cash flows from operating activities (4,656) (2,935)
Cash flows from investing activities:    
Additions to property, plant, and equipment (5,535) (5,220)
Proceeds from sale of property, plant, and equipment 25 64
Cash paid for acquisitions, net of cash acquired (5,626) (5,405)
Other, net 0 3
Net cash flows from investing activities (11,136) (10,558)
Cash flows from financing activities:    
Proceeds from issuance of debt 56,680 53,202
Repayment of debt (37,010) (33,533)
Proceeds from issuance of common stock 871 1,251
Purchases of common stock (16,981) (4,329)
Dividends paid (7,240) (6,723)
Net cash flows from financing activities (3,680) 9,868
Effect of exchange rate changes on cash (4,946) (1,184)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (24,418) (4,809)
Cash and equivalents at beginning of period 64,405 59,173
Cash and equivalents at end of period 39,987 54,364
Cash paid for income taxes, net of refunds 3,126 1,896
Cash paid for interest 2,254 3,113
Non-cash items:    
Additions to property, plant, and equipment, not yet paid 314 368
Right-of-Use Assets obtained in exchange for new operating lease liabilities 1,888 0
Payable to sellers of acquired entities $ 650 $ 0