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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 31,448 $ 22,326
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 9,269 8,552
Amortization of deferred financing cost 167 348
Increase to allowance for doubtful accounts 412 39
Increase to inventory reserves 2,351 396
Amortization of deferred gain on sale of building (524) (524)
Equity income from joint ventures (385) (966)
Employee Stock Ownership Plan allocation 1,011 1,104
Stock-based compensation 2,736 2,927
Excess tax benefits related to exercise of employee stock grants (137) (130)
Decrease (increase) in deferred income taxes 1,383 (53)
Loss on discontinued operations, net of tax 1,070 821
Change in assets and liabilities:    
Increase in accounts receivable (41,726) (34,563)
Increase in inventories (20,819) (820)
Decrease (increase) in prepaid expenses and other current assets 4,073 (489)
Increase in accounts payable 18,989 18,327
Increase in sundry payables and accrued expenses 13,381 9,947
Net change in other assets and liabilities 1,029 (1,070)
Net cash provided by operating activities 23,728 26,172
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of and investments in businesses (67,289) 0
Capital expenditures (10,134) (10,184)
Other investing activities 5 26
Net cash used in investing activities (77,418) (10,158)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings (repayments) under line-of-credit agreements 52,567 (3,642)
Net borrowings (payments) of long-term debt and capital lease obligations 109 (119)
Purchase of treasury stock (377) (7,046)
Increase in overdraft balances 2,472 279
Proceeds from exercise of employee stock options 0 109
Excess tax benefits related to the exercise of employee stock grants 137 130
Dividends paid (7,705) (6,876)
Net cash provided by (used in) financing activities 47,203 (17,165)
Effect of exchange rate changes on cash 82 127
Net decrease in cash and cash equivalents (6,405) (1,024)
CASH AND CASH EQUIVALENTS at beginning of period 18,800 13,728
CASH AND CASH EQUIVALENTS at end of period 12,395 12,704
Cash paid during the period for:    
Interest 516 558
Income taxes $ 13,376 $ 13,987