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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net earnings $ 60,884 $ 49,343 $ 47,177
Adjustments to reconcile net earnings to net cash provided by operations:      
Depreciation 11,291 12,253 11,569
Amortization 16,571 12,963 12,577
Deferred income taxes (3,055) (3,082) (1,524)
Noncurrent employee benefits (234) 206 (40)
Stock-based compensation expense 2,330 1,415 1,214
Changes in:      
Receivables (1,240) 3,036 5,451
Inventories (13,633) 5,129 (1,220)
Payables 7,005 (391) 11,642
Prepaid expenses and other current assets (8,281) (3,522) (7,732)
Other liabilities 15,872 12,228 1,600
Total adjustments 26,626 40,235 33,537
Net cash provided by operations 87,510 89,578 80,714
Investing activities:      
Property, plant and equipment additions (6,746) (9,059) (7,496)
Proceeds from company owned life insurance plans 596    
Acquisitions, net of cash acquired (45,273) (29,134)  
Net cash used for investing activities (51,423) (38,193) (7,496)
Financing activities:      
Net decrease in short-term debt   (4,600) (13,500)
Payment of contingent acquisition consideration   (1,001) (2,555)
Dividends paid (22,155) (20,340) (18,595)
Proceeds from exercise of stock options 2,036 1,058 1,961
Purchase of common stock for treasury stock (460) (3,116) (5,207)
Issuance of treasury stock 72 180 187
Net cash used for financing activities (20,507) (27,819) (37,709)
Effect of foreign exchange rates on cash (679) (164) 276
Increase in cash 14,901 23,402 35,785
Cash and cash equivalents — beginning of year 72,273 48,871 13,086
Cash and cash equivalents — end of year 87,174 72,273 48,871
Cash paid during the year for:      
Income taxes 19,981 17,995 13,066
Interest $ 118 $ 91 $ 268