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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net earnings $ 25,938 $ 29,678 $ 24,617
Adjustments to reconcile net earnings to net cash provided by operations:      
Depreciation 9,993 8,891 8,512
Amortization 10,606 6,773 4,982
Deferred income taxes (3,023) (1,334) 1,462
Noncurrent employee benefits 1,261 4,417 1,392
Stock-based compensation expense 1,541 1,449 1,388
Changes in:      
Receivables (5,511) (997) (3,991)
Inventories (7,116) (6,943) 247
Prepaid expenses and other current assets (1,632) (2,060) 368
Liabilities other than debt 3,774 (4,139) (4,159)
Total adjustments 9,893 6,057 10,201
Net cash provided by operations 35,831 35,735 34,818
Investing activities:      
Property, plant and equipment additions (19,766) (12,332) (14,311)
Acquisitions, net of cash acquired (1,907) (20,829) (15,401)
Net cash used for investing activities (21,673) (33,161) (29,712)
Financing activities:      
Net (decrease) increase in short-term debt (3,960) 6,653 3,205
Dividends paid (11,261) (10,633) (10,004)
Proceeds from exercise of stock options 1,641 730 1,640
Tax benefit on stock options 141 38 382
Issuance of treasury stock 470 469 498
Net cash used for financing activities (12,969) (2,743) (4,279)
Effect of foreign exchange rates on cash 318 (438) (118)
Increase (decrease) in cash 1,507 (607) 709
Cash — beginning of year 6,656 7,263 6,554
Cash — end of year 8,163 6,656 7,263
Cash paid during the year for:      
Income taxes 18,167 17,218 15,292
Interest 1,246 1,144 1,114
Settlement of National Meter and Automation, Inc. payables prior to the acquisition 0 2,623 0
Settlement of United Utilities, Inc. payables prior to the acquisition $ 2,866 $ 0 $ 0