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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 60,430 $ 46,018 $ 43,029
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 20,457 17,637 17,295
Amortization of deferred financing cost 346 635 699
Increase (decrease) to allowance for doubtful accounts 210 3,371 (497)
Increase to inventory reserves 5,371 1,864 3,553
Amortization of deferred gain on sale of buildings (1,048) (1,048) (1,048)
Equity (income) loss from joint ventures (2,029) (976) 822
Employee Stock Ownership Plan allocation 2,021 2,208 1,826
Stock-based compensation 6,127 5,379 4,843
Excess tax benefits related to the exercise of employee stock grants (849) (1,254) (1,269)
Increase in deferred income taxes (691) (1,494) (4,959)
Decrease in unrecognized tax benefit 0 0 (350)
Increase (decrease) in tax valuation allowance 65 87 (342)
Loss on discontinued operations, net of tax 1,982 2,102 9,870
Change in assets and liabilities:      
(Increase) decrease in accounts receivable (8,826) (1,996) 1,755
Increase in inventories (20,155) (12,503) (6,712)
(Increase) decrease in prepaid expenses and other current assets 3,475 367 (959)
Increase (decrease) in accounts payable 7,345 1,882 (4,329)
Increase (decrease) in sundry payables and accrued expenses 20,990 1,874 (7,697)
Net change in other assets and liabilities 2,584 1,018 (8,543)
Net cash provided by operating activities 97,805 65,171 46,987
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions of and investments in businesses (67,289) 0 (37,726)
Capital expenditures (20,921) (18,047) (13,904)
Other investing activities 192 36 430
Net cash used in investing activities (88,018) (18,011) (51,200)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net borrowings (repayments) under line-of-credit agreements 7,384 (9,131) 35,152
Net borrowings (payments) of long-term debt and capital lease obligations 89 (170) 182
Purchase of treasury stock (377) (19,623) (10,000)
Increase (decrease) in overdraft balances (254) 851 522
Payments of debt issuance costs 0 (748) 0
Proceeds from exercise of employee stock options 0 109 96
Excess tax benefits related to the exercise of employee stock grants 849 1,254 1,269
Dividends paid (15,447) (13,697) (11,905)
Net cash provided by (used in) financing activities (7,756) (41,155) 15,316
Effect of exchange rate changes on cash (1,035) (933) (2,934)
Net increase (decrease) in cash and cash equivalents 996 5,072 8,169
CASH AND CASH EQUIVALENTS at beginning of year 18,800 13,728 5,559
CASH AND CASH EQUIVALENTS at end of year 19,796 18,800 13,728
Cash paid during the year for:      
Interest 1,207 901 882
Income taxes $ 32,505 $ 27,513 $ 27,562