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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 65,091 $ 63,809 $ 62,560
Loss from discontinued operations 0 0 (405)
Income from continuing operations 65,091 63,809 62,965
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,949 20,374 21,690
Intangible asset impairment 0 1,552 247
Stock compensation expense 12,570 9,189 7,122
Exit activity costs (recoveries), non-cash 408 1,344 (1,877)
Provision for (benefit of) deferred income taxes 3,303 4,781 (7,105)
Other, net 5,296 1,243 1,995
Changes in operating assets and liabilities (excluding the effects of acquisitions):      
Accounts receivable (9,418) 9,737 (21,806)
Inventories 23,105 (16,951) 870
Other current assets and other assets (9,118) (22) (2,629)
Accounts payable 2,571 (4,828) 11,332
Accrued expenses and other non-current liabilities 16,178 7,317 (2,734)
Net cash provided by operating activities 129,935 97,545 70,070
Cash Flows from Investing Activities      
Purchases of property, plant, and equipment (11,184) (12,457) (11,399)
Acquisitions, net of cash acquired (8,595) (5,241) (18,494)
Net proceeds from sale of property and equipment 106 3,149 13,096
Net cash used in investing activities (19,673) (14,549) (16,797)
Cash Flows from Financing Activities      
Long-term debt payments (212,000) (400) (400)
Payment of debt issuance costs (1,235) 0 0
Purchase of treasury stock at market prices (4,305) (7,165) (2,872)
Net proceeds from issuance of common stock 490 1,385 674
Net cash used in financing activities (217,050) (6,180) (2,598)
Effect of exchange rate changes on cash 1,145 (2,090) 1,428
Net (decrease) increase in cash and cash equivalents (105,643) 74,726 52,103
Cash and cash equivalents at beginning of year 297,006 222,280 170,177
Cash and cash equivalents at end of year $ 191,363 $ 297,006 $ 222,280