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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net earnings $ 16,551 $ 27,338
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 8,796 9,079
Amortization 9,675 9,089
Deferred income taxes 132 (188)
Noncurrent employee benefits 261 (606)
Pension termination settlement charges 19,900 0
Contributions to pension plan (2,860) (825)
Stock-based compensation expense 3,374 1,191
Changes in:    
Receivables (11,462) (8,041)
Inventories 1,409 1,929
Prepaid expenses and other assets (5,573) (4,580)
Liabilities other than debt (320) 11,543
Total adjustments 23,332 18,591
Net cash provided by operations 39,883 45,929
Investing activities:    
Property, plant and equipment expenditures (7,219) (11,554)
Acquisitions, net of cash acquired and future payments (8,048) (18,376)
Net cash used for investing activities (15,267) (29,930)
Financing activities:    
Net (decrease) increase in short-term debt (8,433) 1,411
Payment of contingent acquisition consideration (2,034) 0
Dividends paid (11,895) (10,444)
Proceeds from exercise of stock options 933 1,167
Repurchase of treasury stock (4,451) (3,677)
Issuance of treasury stock 529 594
Net cash used for financing activities (25,351) (10,949)
Effect of foreign exchange rates on cash 200 1,006
(Decrease) increase in cash (535) 6,056
Cash – beginning of period 11,164 7,338
Cash – end of period $ 10,629 $ 13,394