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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net earnings $ 26,182 $ 20,455
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 8,477 7,767
Amortization 8,569 7,627
Deferred income taxes 144 10
Noncurrent employee benefits 671 300
Contribution to pension plan (1,000) 0
Stock-based compensation expense 1,137 1,161
Changes in:    
Receivables (1,276) (8,399)
Inventories (3,499) (3,983)
Prepaid expenses and other current assets (236) (1,232)
Liabilities other than debt 1,014 1,090
Total adjustments 14,001 4,341
Net cash provided by operations 40,183 24,796
Investing activities:    
Property, plant and equipment expenditures (7,849) (12,872)
Acquisitions, net of cash acquired and future payments 0 (373)
Net cash used for investing activities (7,849) (13,245)
Financing activities:    
Net decrease in short-term debt (21,710) (8,161)
Dividends paid (9,126) (8,369)
Proceeds from exercise of stock options 509 1,270
Tax benefit on stock options 0 296
Employee benefit stock purchase, net 0 (2)
Issuance of treasury stock 507 495
Net cash used for financing activities (29,820) (14,471)
Effect of foreign exchange rates on cash (8) 339
Increase (decrease) in cash 2,506 (2,581)
Cash – beginning of period 8,163 6,656
Cash – end of period $ 10,669 $ 4,075