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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 40,792 $ 31,931
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13,042 12,889
Amortization of deferred financing cost 523 525
Increase (decrease) to allowance for doubtful accounts 288 (382)
Increase to inventory reserves 901 2,073
Amortization of deferred gain on sale of building (786) (786)
Equity (income) loss from joint ventures (542) 135
Employee Stock Ownership Plan allocation 1,656 1,370
Stock-based compensation 3,948 2,940
Excess tax benefits related to exercise of employee stock grants (169) (1,259)
(Increase) decrease in deferred income taxes 577 (4,529)
Decrease in unrecognized tax benefit 0 (350)
Loss on discontinued operations, net of tax 1,549 9,451
Change in assets and liabilities:    
Increase in accounts receivable (25,094) (17,467)
(Increase) decrease in inventories 4,761 (3,511)
(Increase) decrease in prepaid expenses and other current assets 2,351 (3,289)
Increase (decrease) in accounts payable 8,383 (3,425)
Increase in sundry payables and accrued expenses 21,711 7,913
Net change in other assets and liabilities (1,059) (1,546)
Net cash provided by operating activities 72,832 32,683
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of and investments in businesses 0 (37,726)
Capital expenditures (14,612) (9,340)
Other investing activities 32 21
Net cash used in investing activities (14,580) (47,045)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings (repayments) under line-of-credit agreements (32,056) 37,843
Principal payments of long-term debt and capital lease obligations (171) (53)
Purchase of treasury stock (15,519) (9,487)
Increase (decrease) in overdraft balances (147) 592
Proceeds from exercise of employee stock options 109 96
Excess tax benefits related to the exercise of employee stock grants 169 1,259
Dividends paid (10,299) (8,929)
Net cash provided by (used in) financing activities (57,914) 21,321
Effect of exchange rate changes on cash (707) (1,933)
Net increase (decrease) in cash and cash equivalents (369) 5,026
CASH AND CASH EQUIVALENTS at beginning of period 13,728 5,559
CASH AND CASH EQUIVALENTS at end of period 13,359 10,585
Cash paid during the period for:    
Interest 742 635
Income taxes $ 19,448 $ 22,049