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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net earnings $ 7,075 $ 8,511
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 12,677 8,676
Stock-based compensation 1,926 1,376
Gain on disposal of property, plant and equipment 19 0
Realized gain on sale of investment 0 (98)
Amortization of deferred financing costs 348 0
Other, net (1,520) 356
Deferred income taxes (10) (519)
Changes in operating assets and liabilities (see page 6) (1,580) (12,241)
Net Cash Provided by Operating Activities 18,935 6,061
Cash flows from investing activities:    
Increase in cash equivalents within Rabbi Trust (1,536) 0
Purchase of company-owned life insurance (COLI) (2,820) (2,820)
Purchase of SERP investments (1,400) 0
Purchase of property, plant and equipment (5,234) (5,127)
Purchase of intangible asset 0 (1,336)
Payment for acquisitions, net of cash acquired (see page 6) (206,536) (30,931)
Proceeds from surrender of COLI 5,756 0
Proceeds from sale of SERP investments 0 2,820
Proceeds from disposal of property, plant and equipment 21 0
Net Cash Used in Investing Activities (211,749) (37,394)
Cash flows from financing activities:    
Dividends paid to common shareholders (2,270) (2,264)
Deferred financing costs (5,774) 0
Borrowings under revolving credit line 23,000 12,000
Repayments under revolving credit line (12,000) 0
(Decrease) increase in notes payable (553) 314
Proceeds from long-term debt 215,000 0
Repayments of long-term debt (2,688) 0
Purchase and retirement of Class B common stock 0 (3,356)
Net Cash Provided by Financing Activities 214,715 6,694
Effect of exchange rate changes on cash (884) 297
Net Increase (Decrease) in Cash and Cash Equivalents 21,017 (24,342)
Cash and Cash Equivalents - beginning of period 62,123 71,262
Cash and Cash Equivalents - end of period 83,140 46,920
Changes in operating assets and liabilities consist of:    
Increase in accounts receivable (2,034) (13,015)
Decrease (increase) in inventories 9,737 (6,746)
Decrease (increase) in prepaid expenses and other current assets 856 (1,483)
Increase in other assets (171) (95)
(Decrease) increase in accounts payable (2,030) 6,920
(Decrease) increase in accrued expenses (7,291) 2,640
Increase in other liabilities 63 274
Decrease in accrued restructuring costs 0 (122)
Decrease in income taxes payable (710) (614)
Changes in operating assets and liabilities (1,580) (12,241)
Cash paid during the period for:    
Income taxes, net of refunds received 2,536 1,152
Interest 1,633 75
Details of acquisitions:    
Fair value of identifiable net assets acquired 122,041 34,541
Goodwill 111,952 4,812
Fair value of net assets acquired 233,993 39,353
Less: Cash acquired in acquisition (27,457) (8,388)
Deferred consideration 0 (34)
Cash paid for acquisitions, net of cash acquired $ 206,536 $ 30,931