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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net earnings $ 19,363 $ 17,390
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 5,997 5,603
Amortization 5,994 5,675
Deferred income taxes (53) 131
Noncurrent employee benefits 541 437
Stock-based compensation expense 779 752
Changes in:    
Receivables (3,754) (4,652)
Inventories 4,759 (1,778)
Prepaid expenses and other assets (3,734) 122
Liabilities other than debt 7,453 4,016
Total adjustments 17,982 10,306
Net cash provided by operations 37,345 27,696
Investing activities:    
Property, plant and equipment expenditures (6,762) (5,513)
Acquisitions, net of cash acquired and future payments (18,376) 0
Net cash used for investing activities (25,138) (5,513)
Financing activities:    
Net increase (decrease) in short-term debt 2,161 (17,810)
Dividends paid (6,673) (5,791)
Proceeds from exercise of stock options 1,014 62
Repurchase of treasury stock (3,288) 0
Issuance of treasury stock 533 72
Net cash used for financing activities (6,253) (23,467)
Effect of foreign exchange rates on cash 558 (13)
Increase (decrease) in cash 6,512 (1,297)
Cash – beginning of period 7,338 8,163
Cash – end of period $ 13,850 $ 6,866