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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net earnings $ 22,182 $ 13,700
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 6,063 5,894
Amortization 6,297 6,543
Deferred income taxes (15) 59
Noncurrent employee benefits (267) 84
Pension termination settlement charge   8,168
Contribution to pension plan   (1,600)
Stock-based compensation expense 554 944
Changes in:    
Receivables 6,028 (6,765)
Inventories (2,565) 167
Payables 9,141 (1,255)
Prepaid expenses and other current assets (3,946) (3,101)
Other liabilities (2,569) 2,361
Total adjustments 18,721 11,499
Net cash provided by operations 40,903 25,199
Investing activities:    
Property, plant and equipment expenditures (4,466) (5,242)
Acquisitions, net of cash acquired and future payments 0 (8,048)
Net cash used for investing activities (4,466) (13,290)
Financing activities:    
Net decrease in short-term debt (13,500) (2,000)
Payment of contingent acquisition consideration (1,650) 0
Dividends paid (8,717) (7,542)
Proceeds from exercise of stock options 748 231
Repurchase of treasury stock (2,837) (1,989)
Issuance of treasury stock 97 431
Net cash used for financing activities (25,859) (10,869)
Effect of foreign exchange rates on cash 230 (79)
Increase in cash 10,808 961
Cash – beginning of period 13,086 11,164
Cash – end of period $ 23,894 $ 12,125