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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net earnings $ 34,462 $ 30,940
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 15,074 14,709
Share-based compensation expense 2,900 1,995
Net loss (gain) on assets 46 (193)
Portfolio Optimization Plan costs 831 1,189
Deferred income taxes 1,282 (4)
Changes in operating assets and liabilities:    
Trade accounts receivable (20,780) (28,331)
Inventories 7,202 26,624
Prepaid expenses and other assets (8,064) (13,655)
Accounts payable and other accrued expenses (25,859) (21,993)
Accrued salaries, wages, and withholdings from employees (21,665) 29
Income taxes 4,989 3,150
Other liabilities 604 674
Net cash (used in) provided by operating activities (8,978) 15,134
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (16,854) (11,030)
Proceeds from sale of assets 7 93
Acquisition of new business (4,349) 0
Other investing activities (88) (1)
Net cash used in investing activities (21,284) (10,938)
Cash flows from financing activities:    
Proceeds from additional borrowings 66,449 38,053
Debt payments (10,771) (27,031)
Dividends paid (17,376) (17,312)
Other financing activities (2,341) (2,828)
Net cash provided by (used in) financing activities 35,961 (9,118)
Effect of exchange rate changes on cash and cash equivalents 249 1,405
Net increase (decrease) in cash and cash equivalents 5,948 (3,517)
Cash and cash equivalents at beginning of period 26,626 28,934
Cash and cash equivalents at end of period $ 32,574 $ 25,417