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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 29,549 $ 32,157
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,087 6,330
Amortization 3,615 3,698
Equity in undistributed earnings of associated companies, net of dividends 1,658 3,352
Deferred compensation, deferred taxes and other, net (7,141) 177
Share-based compensation 1,672 1,975
Gain on disposal of property, plant and equipment and other assets (39) (599)
Insurance settlement realized (306) (481)
Combination and other acquisition-related expenses, net of payments 399 (1,445)
Pension and other postretirement benefit expense (21) (2,341)
(Decrease) increase in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable (7,893) (10,873)
Inventories (257) (11,301)
Prepaid expenses and other current assets (1,969) (2,323)
Accounts payable and accrued liabilities (2,945) 1,407
Net cash provided by operating activities 22,409 19,733
Cash flows from investing activities    
Investments in property, plant and equipment (5,544) (5,622)
Payments related to acquisitions, net of cash acquired (500) (500)
Proceeds from disposition of assets 70 668
Insurance settlement interest earned 131 47
Net cash used in investing activities (5,843) (5,407)
Cash flows from financing activities    
Repayment of long-term debt (24,040) (287)
Dividends paid (9,868) (9,453)
Stock options exercised, other (1,374) (496)
Distributions to noncontrolling affiliate shareholders 0 (834)
Net cash used in financing activities (35,282) (11,070)
Effect of foreign exchange rate changes on cash 749 (3,346)
Net decrease in cash, cash equivalents and restricted cash (17,967) (90)
Cash, cash equivalents and restricted cash at the beginning of the period 124,425 111,050
Cash, cash equivalents and restricted cash at the end of the period $ 106,458 $ 110,960