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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 11,956 $ 10,447
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,572 6,541
Inventory step-up amortization 1,806 0
Deferred income taxes (632) 1,477
Stock based compensation 1,303 712
Loss on disposition of property, plant and equipment 0 182
Changes in operating assets and liabilities:    
Accounts receivable (20,986) (9,809)
Inventories 6,920 (6,538)
Accounts payable 6,451 1,565
Accrued payroll and other compensation 1,285 192
Accrued taxes 533 (41)
Other, net (3,834) 1,752
Net cash provided by operating activities 13,374 6,480
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (79,157) 0
Capital expenditures (5,626) (5,515)
Acquisition earn out payments 0 (158)
Net cash used for investing activities (84,783) (5,673)
Cash flows from financing activities:    
Proceeds from borrowings 60,000 0
Debt repayments (331) (375)
Common stock issued 837 912
Common stock repurchased (479) (6,194)
Excess tax benefit on stock awards 459 146
Net cash provided by (used for) financing activities 60,486 (5,511)
Effect of exchange rate changes on cash (59) (377)
Decrease in cash and cash equivalents (10,982) (5,081)
Cash and cash equivalents at beginning of period 75,407 63,623
Cash and cash equivalents at end of period $ 64,425 $ 58,542