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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings $ 354,509 $ 294,348 $ 262,829
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 116,172 112,027 114,384
Loss on divestiture 0 4,651 0
Impairment of assets held for sale 0 0 19,088
(Gain) on sale/disposal of long-lived assets (2,883) (4,671) (568)
Deferred income taxes 2,908 (23,635) (10,200)
Share-based compensation 16,803 15,384 13,450
Changes in operating assets and liabilities, net of businesses acquired and disposed of:      
Receivables, net (2,394) (75,955) (61,172)
Inventories, net (21,568) (62,562) 13,554
Accounts payable and accrued expenses 11,571 42,493 17,713
Deferred revenue 47,914 (17,646) 14,649
Income taxes (27,350) 55,847 (14,212)
Pension and postretirement, net (18,307) (15,049) (1,236)
Other 29,286 30,456 (19,389)
Net cash provided by operating activities 448,089 294,776 387,668
Cash flows from investing activities:      
Proceeds from sales and disposals of long-lived assets 9,147 9,841 4,045
Purchases of investments 0 (10,000) 0
Additions to property, plant, and equipment (44,666) (38,217) (41,108)
Acquisition of businesses, net of cash acquired 0 (282,429) 0
Payments for Previous Acquisition 0 (5,062) (5,340)
Net cash used for investing activities (35,519) (325,867) (42,403)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 638,116 1,697,647 455,950
Payment of revolving credit facilities (638,116) (1,791,547) (362,050)
Borrowings of debt 0 300,000 0
Principal payments on debt (202,500) 0 (100,000)
Repurchases of company stock (50,141) (56,870) (343,129)
Proceeds from share-based compensation plans 10,584 9,997 9,705
Dividends paid (30,249) (28,779) (28,660)
Other (1,097) (1,020) (945)
Net cash provided by (used for) financing activities (273,403) 129,428 (369,129)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations 10,726 (12,367) (3,380)
Net increase (decrease) in cash and cash equivalents 149,893 85,970 (27,244)
Cash and cash equivalents at beginning of period 256,974 171,004 198,248
Cash and cash equivalents at end of period $ 406,867 $ 256,974 $ 171,004