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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net earnings $ 38,398 $ 29,131
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 2,804 2,892
Amortization 5,478 5,118
Noncurrent employee benefits 37 1
Stock-based compensation expense 1,828 1,271
Changes in:    
Receivables (20,497) (9,164)
Inventories (120) (6,405)
Payables 16,294 7,960
Prepaid expenses and other assets (4,107) (8,065)
Other liabilities (7,088) (1,279)
Total adjustments (5,371) (7,671)
Net cash provided by operations 33,027 21,460
Investing activities:    
Property, plant and equipment expenditures (2,966) (2,676)
Acquisitions, net of cash acquired (184,937) (3,000)
Net cash used for investing activities (187,903) (5,676)
Financing activities:    
Dividends paid (10,017) (7,942)
Proceeds from exercise of stock options 68 230
Net cash used for financing activities (9,949) (7,712)
Effect of foreign exchange rates on cash 878 (544)
(Decrease) increase in cash and cash equivalents (163,947) 7,528
Cash and cash equivalents - beginning of period 295,305 191,782
Cash and cash equivalents - end of period $ 131,358 $ 199,310