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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net earnings $ 5,568 $ 1,131
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,507 5,397
Stock-based compensation 1,143 934
Gain on disposal of property, plant and equipment 0 (13)
Other, net 269 471
Deferred income taxes (475) (1,120)
Changes in operating assets and liabilities (see page 6) (318) (10,661)
Net Cash Provided by (Used In) Operating Activities 12,694 (3,861)
Cash flows from investing activities:    
Increase in cash equivalents within Rabbi Trust (2,936) 0
Purchase of company-owned life insurance (COLI) (2,820) 0
Purchase of property, plant and equipment (2,969) (3,088)
Payment for acquisition, net of cash acquired (see page 6) (109,879) (20,932)
Proceeds from surrender of COLI 5,756 0
Proceeds from disposal of property, plant and equipment 20 13
Net Cash Used in Investing Activities (112,828) (24,007)
Cash flows from financing activities:    
Dividends paid to common shareholders (1,511) (1,512)
Deferred financing costs (5,422) 0
Repayments under revolving credit line (12,000) 0
(Decrease) increase in notes payable (255) 149
Proceeds from long-term debt 145,000 0
Purchase and retirement of Class B common stock 0 (3,356)
Net Cash Provided by (Used In) Financing Activities 125,812 (4,719)
Effect of exchange rate changes on cash (32) (76)
Net Increase (Decrease) in Cash and Cash Equivalents 25,646 (32,663)
Cash and Cash Equivalents - beginning of period 62,123 71,262
Cash and Cash Equivalents - end of period 87,769 38,599
Changes in operating assets and liabilities consist of:    
Increase in accounts receivable (4,235) (7,894)
Decrease (increase) in inventories 4,539 (4,497)
Increase in prepaid expenses and other current assets (701) (1,071)
Increase in other assets (312) (27)
Increase in accounts payable 2,692 2,487
Decrease in accrued expenses (2,298) (428)
Increase in other liabilities 6 29
Increase in accrued restructuring costs 0 1,069
Decrease in income taxes payable (9) (329)
Changes in operating assets and liabilities (see page 6) (318) (10,661)
Cash paid during the period for:    
Income taxes, net of refunds received 1,387 651
Interest 60 6
Details of acquisitions:    
Fair value of identifiable net assets acquired 93,258 28,108
Goodwill 37,534 1,240
Fair value of net assets acquired 130,792 29,348
Less: Cash acquired in acquisition (20,913) (8,388)
Deferred consideration 0 (28)
Cash paid for acquisitions, net of cash acquired $ 109,879 $ 20,932