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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 51,761 $ 55,593
Adjustments to reconcile net earnings to net cash used for operating activities    
Depreciation and amortization 28,142 25,793
Gain on sale/disposal of long-lived assets (387) (504)
Deferred income taxes 2,809 1,626
Share-based compensation 3,340 3,495
Inventory Write-down 1,205  
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (1,614) 7,360
Inventories, net (24,099) (22,024)
Progress payments (1,906) (1,594)
Accounts payable and accrued expenses (98,179) (108,873)
Deferred revenue (23,298) (11,764)
Income taxes payable 22,783 11,948
Net pension and postretirement liabilities (149,468) 255
Other current and long-term assets and liabilities (3,665) (13,169)
Net cash used for operating activities (192,576) (51,858)
Cash flows from investing activities:    
Proceeds from sale/disposal of long-lived assets 2,006 1,268
Payments to Acquire Intangible Assets 0 137
Additions to property, plant, and equipment (18,637) (17,034)
Purchase Price, Net of Cash Acquired 51,043 49,037
Net cash used for investing activities (67,674) (64,940)
Cash flows from financing activities:    
Borrowings under revolving credit facility 188,724 3,837
Payment of revolving credit facility 42,297 3,919
Repurchases of common stock (112,013) (12,471)
Proceeds from share-based compensation 5,066 4,677
Proceeds from (Payments for) Other Financing Activities (212) (197)
Net cash provided by (used for) financing activities 39,268 (8,073)
Effect of exchange-rate changes on cash (12,294) 3,233
Net decrease in cash and cash equivalents (233,276) (121,638)
Cash and cash equivalents at beginning of period 391,033 276,066
Cash and cash equivalents at end of period 157,757 154,428
Supplemental disclosure of non-cash activities:    
Capital expenditures incurred but not yet paid $ 818 $ 264