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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net earnings $ 43,608 $ 36,249
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 8,619 9,132
Amortization 12,358 9,803
Deferred income taxes 42 401
Noncurrent employee benefits 232 571
Stock-based compensation expense 1,537 1,041
Changes in:    
Receivables (8,985) 3,184
Inventories (5,685) 5,188
Payables 7,420 (2,175)
Prepaid expenses and other assets (9,321) 6,485
Other liabilities 12,935 3,799
Total adjustments 19,152 37,429
Net cash provided by operations 62,760 73,678
Investing activities:    
Property, plant and equipment expenditures (8,169) (5,855)
Proceeds from company owned life insurance plans 596  
Acquisitions, net of cash acquired (45,273)  
Net cash used for investing activities (52,846) (5,855)
Financing activities:    
Net decrease short-term debt   (4,600)
Dividends paid (16,318) (15,108)
Proceeds from exercise of stock options 2,037 505
Repurchase of treasury stock (460) (2,934)
Issuance of treasury stock 72 126
Net cash used for financing activities (14,669) (22,011)
Effect of foreign exchange rates on cash (480) (782)
(Decrease) Increase in cash and cash equivalents (5,235) 45,030
Cash and cash equivalents – beginning of period 72,273 48,871
Cash and cash equivalents – end of period $ 67,038 $ 93,901