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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 80,245 $ 57,804 [1] $ 63,103 [2]
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for doubtful accounts 506 860 [2] 575 [2]
Depreciation - PP&E 21,229 19,264 [2] 14,934 [2]
Depreciation - Rental 8,613 9,830 [2] 9,373 [2]
Amortization of intangibles 14,637 14,746 [2] 5,658 [2]
Amortization of debt issuance 667 634 [2] 295 [2]
Stock-based compensation expense 5,987 4,119 [2] 3,269 [2]
Provision for deferred income tax (benefit) expense (1,182) (855) [2] 3,383 [2]
Gain on sale of property, plant and equipment (3,779) (1,094) [2] (912) [2]
Changes in operating assets and liabilities, net of acquisitions:      
       Accounts receivable (27,571) 28,064 [2] 11,447 [2]
Inventories (78,463) 38,275 [2] 393 [2]
Rental equipment 1,138 4,542 [2] (20,729) [2]
Prepaid expenses and other (6,994) 6,373 [2] (4,633) [2]
Trade accounts payable and accrued liabilities 32,532 (3,783) [2] 6,397 [2]
Income taxes payable 4,648 6,601 [2] (4,861) [2]
Long term tax payable 462 (3,478) [2] (1,082) [2]
Other assets and liabilities, net (3,008) 2,431 [2] 2,203 [2]
Net cash provided by operating activities 49,667 184,333 [2] 88,813 [2]
Investing Activities      
Acquisitions, net of cash acquired (17,798) 0 [2] (400,784) [2]
Purchase of property, plant and equipment (25,263) (17,874) [2] (31,337) [2]
Proceeds from sale of property, plant and equipment 9,667 3,703 [2] 2,277 [2]
Purchase of patents (44) 0 [2] (96) [2]
Net cash used in investing activities (33,438) (14,171) [2] (429,940) [2]
Financing Activities      
Borrowings on bank revolving credit facility 188,000 115,000 [2] 217,000 [2]
Repayment on bank revolving credit facility (189,000) (255,000) [2] (157,000) [2]
Principal payments on long-term debt and capital leases (15,093) (18,867) [2] (122) [2]
Proceeds from issuance of long-term debt 0 0 [2] 300,002 [2]
Debt issuance cost 0 0 [2] (2,875) [2]
Dividends paid (6,627) (6,124) [2] (5,626) [2]
Proceeds from exercise of stock options 1,676 1,459 [2] 2,573 [2]
Treasury stock repurchased 0 0 [2] (4,140) [2]
Common stock repurchased (1,957) (710) [2] (589) [2]
Net cash used in financing activities (23,001) (164,242) [2] 349,223 [2]
Effect of exchange rate changes on cash (1,308) 1,964 [2] 172 [2]
Net change in cash and cash equivalents (8,080) 7,884 [2] 8,268 [2]
Cash and cash equivalents at beginning of the year [2] 50,195 42,311 34,043
Cash and cash equivalents at end of the year 42,115 50,195 [2] 42,311 [2]
Cash paid during the year for:      
Interest 10,248 17,049 [2] 9,455 [2]
Income taxes $ 32,865 $ 17,140 [2] $ 23,099 [2]
[1] Years ended December 31, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Note 1 to the Consolidated Financial Statements. 
[2] Years ended December 31, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Note 1 to the Consolidated Financial Statements.