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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net earnings $ 41,908 $ 31,024
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 5,438 5,622
Amortization 8,416 7,833
Deferred income taxes (376) 16
Noncurrent employee benefits (222) (64)
Stock-based compensation expense 2,607 1,466
Changes in:    
Receivables (6,503) (12,028)
Inventories (23,753) (13,024)
Payables 8,104 20,128
Prepaid expenses and other assets (4,980) (8,153)
Other liabilities 10,100 (3,908)
Total adjustments (1,169) (2,112)
Net cash provided by operations 40,739 28,912
Investing activities:    
Property, plant and equipment expenditures (6,935) (2,773)
Acquisitions, net of cash acquired (17,127)  
Net cash used for investing activities (24,062) (2,773)
Financing activities:    
Dividends paid (13,217) (11,712)
Proceeds from exercise of stock options 58  
Repurchase of treasury stock   (427)
Net cash used for financing activities (13,159) (12,139)
Effect of foreign exchange rates on cash 235 (964)
Increase in cash and cash equivalents 3,753 13,036
Cash and cash equivalents - beginning of period 138,052 87,174
Cash and cash equivalents - end of period $ 141,805 $ 100,210