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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net earnings $ 67,877 $ 48,957
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 8,100 8,413
Amortization 12,820 11,748
Deferred income taxes (401) 24
Noncurrent employee benefits (274) (138)
Stock-based compensation expense 3,963 2,170
Changes in:    
Receivables (11,855) (18,860)
Inventories (27,628) (16,207)
Payables 12,282 23,870
Prepaid expenses and other assets (7,279) (9,405)
Other liabilities 14,567 2,171
Total adjustments 4,295 3,786
Net cash provided by operations 72,172 52,743
Investing activities:    
Property, plant and equipment expenditures (9,949) (4,690)
Acquisitions, net of cash acquired (17,127)  
Net cash used for investing activities (27,076) (4,690)
Financing activities:    
Dividends paid (21,134) (18,292)
Proceeds from exercise of stock options 967 61
Repurchase of treasury stock   (427)
Net cash used for financing activities (20,167) (18,658)
Effect of foreign exchange rates on cash (71) (1,782)
(Decrease) Increase in cash and cash equivalents 24,858 27,613
Cash and cash equivalents - beginning of period 138,052 87,174
Cash and cash equivalents - end of period $ 162,910 $ 114,787