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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net earnings $ 134,489 $ 124,666 $ 93,394
Adjustments to arrive at net cash provided by operating activities:      
Depreciation and amortization 61,098 60,329 57,820
Share-based compensation expense 13,946 10,084 8,933
Net loss (gain) on assets 289 (140) 541
Portfolio Optimization Plan costs 5,273 1,415 24,089
Deferred income taxes (2,705) (18,598) (5,100)
Changes in operating assets and liabilities:      
Trade accounts receivable (1,106) (29,638) 35,801
Inventories (62,226) (18,295) (28,193)
Prepaid expenses and other assets (19,036) (5,407) 5,767
Trade accounts payable and other accrued expenses (1,445) 8,995 (5,978)
Accrued salaries, wages, and withholdings from employees (5,093) 22,518 (17,830)
Income taxes 1,839 (810) (1,175)
Other liabilities 2,503 2,032 1,628
Net cash provided by operating activities 127,826 157,151 169,697
Cash Flows from Investing Activities      
Acquisition of property, plant, and equipment (89,409) (59,212) (87,868)
Proceeds from sale of assets 496 339 156
Acquisition of new businesses (4,867) 0 (1,650)
Other investing activities 1,098 (336) 1,741
Net cash used in investing activities (92,682) (59,209) (87,621)
Cash Flows from Financing Activities      
Proceeds from additional borrowings 216,485 159,321 351,662
Debt payments (177,592) (167,073) (355,161)
Dividends paid (69,614) (69,399) (69,222)
Other financing activities (4,314) (4,395) (9,278)
Net cash used in financing activities (35,035) (81,546) (81,999)
Effect of exchange rate changes on cash and cash equivalents 9,798 (18,704) 7,936
Net increase (decrease) in cash and cash equivalents 9,907 (2,308) 8,013
Cash and cash equivalents at beginning of year 26,626 28,934 20,921
Cash and cash equivalents at end of year 36,533 26,626 28,934
Cash paid during the year for:      
Interest 29,356 29,107 24,443
Income taxes 48,806 56,744 39,681
Capitalized interest $ 1,551 $ 1,274 $ 1,984