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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net earnings $ 29,131 $ 19,415
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 2,892 2,663
Amortization 5,118 4,284
Deferred income taxes   (10)
Noncurrent employee benefits 1 (37)
Stock-based compensation expense 1,271 1,006
Changes in:    
Receivables (9,164) (6,843)
Inventories (6,405) (11,439)
Payables 7,960 6,959
Prepaid expenses and other assets (8,065) (2,133)
Other liabilities (1,279) 4,105
Total adjustments (7,671) (1,445)
Net cash provided by operations 21,460 17,970
Investing activities:    
Property, plant and equipment expenditures (2,676) (4,271)
Acquisitions, net of cash acquired (3,000) (17,052)
Net cash used for investing activities (5,676) (21,323)
Financing activities:    
Dividends paid (7,942) (6,626)
Proceeds from exercise of stock options 230 58
Net cash used for financing activities (7,712) (6,568)
Effect of foreign exchange rates on cash (544) 230
Increase (decrease) in cash and cash equivalents 7,528 (9,691)
Cash and cash equivalents - beginning of period 191,782 138,052
Cash and cash equivalents - end of period $ 199,310 $ 128,361