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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net earnings $ 62,187 $ 41,908
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 5,741 5,438
Amortization 10,360 8,416
Deferred income taxes 0 (376)
Noncurrent employee benefits (21) (222)
Stock-based compensation expense 3,281 2,607
Changes in:    
Receivables (23,217) (6,503)
Inventories (7,256) (23,753)
Payables 13,339 8,104
Prepaid expenses and other assets (8,489) (4,980)
Other liabilities 1,954 10,100
Total adjustments (4,308) (1,169)
Net cash provided by operations 57,879 40,739
Investing activities:    
Property, plant and equipment expenditures (5,017) (6,935)
Acquisitions, net of cash acquired (3,000) (17,127)
Net cash used for investing activities (8,017) (24,062)
Financing activities:    
Dividends paid (15,876) (13,217)
Proceeds from exercise of stock options 751 58
Net cash used for financing activities (15,125) (13,159)
Effect of foreign exchange rates on cash (307) 235
Increase in cash and cash equivalents 34,430 3,753
Cash and cash equivalents - beginning of period 191,782 138,052
Cash and cash equivalents - end of period $ 226,212 $ 141,805