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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net earnings $ 10,824 $ 7,546
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 2,978 3,175
Amortization 3,264 3,537
Deferred income taxes (1) 1
Noncurrent employee benefits 117 94
Stock-based compensation expense 265 471
Changes in:    
Receivables (1,943) (4,919)
Inventories 166 265
Payables 4,540 (4,479)
Prepaid expenses and other current assets (2,101) (1,586)
Other liabilities (294) 2,670
Total adjustments 6,991 (771)
Net cash provided by operations 17,815 6,775
Investing activities:    
Property, plant and equipment expenditures (2,160) (3,043)
Net cash used for investing activities (2,160) (3,043)
Financing activities:    
Net (decrease) increase in short-term debt (7,000) 3,500
Payment of contingent acquisition consideration (1,000) 0
Dividends paid (4,357) (3,770)
Proceeds from exercise of stock options 471 231
Repurchase of treasury stock (1,873) (1,619)
Issuance of treasury stock 52 65
Net cash used for financing activities (13,707) (1,593)
Effect of foreign exchange rates on cash (1) 229
Increase in cash 1,947 2,368
Cash – beginning of period 13,086 11,164
Cash – end of period $ 15,033 $ 13,532