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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net earnings $ 32,295 $ 25,938 $ 29,678
Adjustments to reconcile net earnings to net cash provided by operations:      
Depreciation 10,715 9,993 8,891
Amortization 11,727 10,606 6,773
Deferred income taxes 710 (3,023) (1,334)
Contributions to pension plan (1,000) 0 0
Noncurrent employee benefits 660 1,261 4,417
Stock-based compensation expense 1,537 1,541 1,449
Changes in:      
Receivables (3,561) (5,511) (997)
Inventories 955 (7,116) (6,943)
Prepaid expenses and other current assets (961) (1,632) (2,060)
Liabilities other than debt 3,108 3,774 (4,139)
Total adjustments 23,890 9,893 6,057
Net cash provided by operations 56,185 35,831 35,735
Investing activities:      
Property, plant and equipment additions (10,596) (19,766) (12,332)
Acquisitions, net of cash acquired (1,800) (1,907) (20,829)
Net cash used for investing activities (12,396) (21,673) (33,161)
Financing activities:      
Net (decrease) increase in short-term debt (33,096) (3,960) 6,653
Dividends paid (12,461) (11,261) (10,633)
Proceeds from exercise of stock options 568 1,641 730
Tax benefit on stock options 0 141 38
Issuance of treasury stock 518 470 469
Net cash used for financing activities (44,471) (12,969) (2,743)
Effect of foreign exchange rates on cash (143) 318 (438)
(Decrease) Increase in cash (825) 1,507 (607)
Cash — beginning of year 8,163 6,656 7,263
Cash — end of year 7,338 8,163 6,656
Cash paid during the year for:      
Income taxes 19,723 18,167 17,218
Interest 952 1,246 1,144
Non cash transaction:      
Settlement of National Meter and Automation, Inc. payables prior to the acquisition 0 0 2,623
Settlement of United Utilities, Inc. payables prior to the acquisition $ 0 $ 2,866 $ 0