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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net earnings $ 94,225 $ 67,877
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 8,330 8,100
Amortization 15,787 12,820
Deferred income taxes 0 (401)
Noncurrent employee benefits (12) (274)
Stock-based compensation expense 4,595 3,963
Changes in:    
Receivables (9,814) (11,855)
Inventories (3,367) (27,628)
Payables (5,242) 12,282
Prepaid expenses and other assets (7,772) (7,279)
Other liabilities 6,237 14,567
Total adjustments 8,742 4,295
Net cash provided by operations 102,967 72,172
Investing activities:    
Property, plant and equipment expenditures (8,149) (9,949)
Acquisitions, net of cash acquired (3,000) (17,127)
Net cash used for investing activities (11,149) (27,076)
Financing activities:    
Dividends paid (25,862) (21,134)
Proceeds from exercise of stock options 751 967
Net cash used for financing activities (25,111) (20,167)
Effect of foreign exchange rates on cash 466 (71)
Increase in cash and cash equivalents 67,173 24,858
Cash and cash equivalents - beginning of period 191,782 138,052
Cash and cash equivalents - end of period $ 258,955 $ 162,910