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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net earnings $ 48,957 $ 43,608
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 8,413 8,619
Amortization 11,748 12,358
Deferred income taxes 24 11
Noncurrent employee benefits (138) 232
Stock-based compensation expense 2,170 1,537
Changes in:    
Receivables (18,860) (8,985)
Inventories (16,207) (5,685)
Payables 23,870 7,420
Prepaid expenses and other assets (9,405) (11,648)
Other liabilities 2,171 12,967
Total adjustments 3,786 16,826
Net cash provided by operations 52,743 60,434
Investing activities:    
Property, plant and equipment expenditures (4,690) (5,843)
Proceeds from company owned life insurance plans   596
Acquisitions, net of cash acquired   (45,273)
Net cash used for investing activities (4,690) (50,520)
Financing activities:    
Dividends paid (18,292) (16,318)
Proceeds from exercise of stock options 61 2,037
Repurchase of treasury stock (427) (460)
Issuance of treasury stock   72
Net cash used for financing activities (18,658) (14,669)
Effect of foreign exchange rates on cash (1,782) (480)
(Decrease) Increase in cash and cash equivalents 27,613 (5,235)
Cash and cash equivalents - beginning of period 87,174 72,273
Cash and cash equivalents - end of period $ 114,787 $ 67,038