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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net earnings $ 7,546 $ 8,749
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 3,175 2,918
Amortization 3,537 2,945
Deferred income taxes 1 (12)
Noncurrent employee benefits 94 115
Stock-based compensation expense 471 366
Changes in:    
Receivables (4,919) (5,958)
Inventories 265 7,423
Prepaid expenses and other assets (1,586) (2,819)
Liabilities other than debt (1,809) (1,319)
Total adjustments (771) 3,659
Net cash provided by operations 6,775 12,408
Investing activities:    
Property, plant and equipment expenditures (3,043) (3,806)
Acquisitions, net of cash acquired and future payments 0 (200)
Net cash used for investing activities (3,043) (4,006)
Financing activities:    
Net increase in short-term debt 3,500 126
Dividends paid (3,770) (3,336)
Proceeds from exercise of stock options 231 654
Repurchase of treasury stock (1,619) (2,242)
Issuance of treasury stock 65 89
Net cash used for financing activities (1,593) (4,709)
Effect of foreign exchange rates on cash 229 280
Increase in cash 2,368 3,973
Cash – beginning of period 11,164 7,338
Cash – end of period $ 13,532 $ 11,311