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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net earnings $ 13,700 $ 19,363
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 5,894 5,997
Amortization 6,543 5,994
Deferred income taxes 59 (53)
Noncurrent employee benefits 84 541
Pension termination settlement charge 8,168 0
Contribution to pension plan (1,600) 0
Stock-based compensation expense 944 779
Changes in:    
Receivables (6,765) (3,754)
Inventories 167 4,759
Prepaid expenses and other assets (3,101) (3,734)
Liabilities other than debt 1,106 7,453
Total adjustments 11,499 17,982
Net cash provided by operations 25,199 37,345
Investing activities:    
Property, plant and equipment expenditures (5,242) (6,762)
Acquisitions, net of cash acquired and future payments (8,048) (18,376)
Net cash used for investing activities (13,290) (25,138)
Financing activities:    
Net (decrease) increase in short-term debt (2,000) 2,161
Dividends paid (7,542) (6,673)
Proceeds from exercise of stock options 231 1,014
Repurchase of treasury stock (1,989) (3,288)
Issuance of treasury stock 431 533
Net cash used for financing activities (10,869) (6,253)
Effect of foreign exchange rates on cash (79) 558
Increase in cash 961 6,512
Cash – beginning of period 11,164 7,338
Cash – end of period $ 12,125 $ 13,850