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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 32,420 $ 47,330
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:    
Gain on dispositions of assets (70) (4,540)
Depreciation 29,830 25,340
Amortization of intangible assets 13,810 14,600
Amortization of debt issue costs 700 680
Deferred income taxes 2,650 (6,950)
Non-cash compensation expense 9,320 7,680
Increase in receivables (22,580) (14,830)
Decrease (increase) in inventories 1,800 (18,980)
Decrease in prepaid expenses and other assets (660) (1,170)
Decrease in accounts payable and accrued liabilities (10,390) (6,890)
Other operating activities 740 4,370
Net cash provided by operating activities, net of acquisition impact 57,570 46,640
Cash Flows from Investing Activities:    
Capital expenditures (34,940) (31,840)
Acquisition of businesses, net of cash acquired (77,340) (64,100)
Cross-currency swap terminations 0 26,230
Net proceeds from disposition of property and equipment 460 180
Net cash used for investing activities (111,820) (69,530)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 74,410 12,000
Repayments of borrowings on revolving credit facilities (73,350) (12,000)
Payments to purchase common stock (13,350) (29,960)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (2,680) (2,380)
Dividends paid (5,020) (5,170)
Other financing activities (3,190) 0
Net cash used for financing activities (23,180) (37,510)
Decrease for the period (77,430) (60,400)
At beginning of period 112,090 140,740
At end of period 34,660 80,340
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,560 5,480
Cash paid for taxes $ 11,020 $ 14,620