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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net earnings $ 34,903 $ 16,551
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 8,688 8,796
Amortization 9,323 9,675
Deferred income taxes 18 132
Noncurrent employee benefits (150) 261
Pension termination settlement charge   19,900
Contribution to pension plan   (2,860)
Stock-based compensation expense 882 3,374
Changes in:    
Receivables 4,555 (11,462)
Inventories (4,259) 1,409
Payables 10,885 (2,468)
Prepaid expenses and other current assets (5,806) (5,573)
Other liabilities 2,100 2,148
Total adjustments 26,236 23,332
Net cash provided by operations 61,139 39,883
Investing activities:    
Property, plant and equipment expenditures (5,589) (7,219)
Acquisitions, net of cash acquired and future payments 0 (8,048)
Net cash used for investing activities (5,589) (15,267)
Financing activities:    
Net decrease in short-term debt (13,500) (8,433)
Payment of contingent acquisition consideration (1,650) (2,034)
Dividends paid (13,652) (11,895)
Proceeds from exercise of stock options 963 933
Repurchase of treasury stock (3,358) (4,451)
Issuance of treasury stock 142 529
Net cash used for financing activities (31,055) (25,351)
Effect of foreign exchange rates on cash 147 200
Increase (decrease) in cash 24,642 (535)
Cash – beginning of period 13,086 11,164
Cash – end of period $ 37,728 $ 10,629