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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income $ 64,566 $ 65,091 $ 63,809
(Loss) income from discontinued operations (18,725) 5,163 9,697
Income from continuing operations 83,291 59,928 54,112
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,915 17,557 17,439
Intangible asset impairment 0 0 1,552
Gain on sale of business (1,881) 0 0
Stock compensation expense 8,173 12,570 9,189
Exit activity costs, non-cash 493 408 1,344
Provision for deferred income taxes 3,786 4,120 4,725
Other, net 1,944 5,399 1,759
Changes in operating assets and liabilities (excluding the effects of acquisitions):      
Accounts receivable 2,277 (11,256) 9,665
Inventories (5,719) 14,272 (12,322)
Other current assets and other assets 5,467 (9,306) 38
Accounts payable (1,160) 4,804 (5,491)
Accrued expenses and other non-current liabilities (44,570) 14,040 2,351
Net cash provided by operating activities of continuing operations 73,016 112,536 84,361
Net cash provided by operating activities of discontinued operations 16,088 17,399 13,184
Net cash provided by operating activities 89,104 129,935 97,545
Cash Flows from Investing Activities      
Purchases of property, plant, and equipment (13,068) (8,776) (10,368)
Acquisitions, net of cash acquired (313,686) (8,595) (5,241)
Net proceeds from sale of property and equipment 77 92 348
Net proceeds from sale of business 2,000 0 0
Net cash used in investing activities of continuing operations (324,677) (17,279) (15,261)
Net cash (used in) provided by investing activities of discontinued operations (2,033) (2,394) 712
Net cash used in investing activities (326,710) (19,673) (14,549)
Cash Flows from Financing Activities      
Long-term debt payments 0 (212,000) (400)
Proceeds from long-term debt 85,000 0 0
Payment of debt issuance costs 0 (1,235) 0
Purchase of treasury stock at market prices (6,656) (4,305) (7,165)
Net proceeds from issuance of common stock 1,119 490 1,385
Net cash provided by (used in) financing activities 79,463 (217,050) (6,180)
Effect of exchange rate changes on cash (1,166) 1,145 (2,090)
Net (decrease) increase in cash and cash equivalents (159,309) (105,643) 74,726
Cash and cash equivalents at beginning of year 191,363 297,006 222,280
Cash and cash equivalents at end of year $ 32,054 $ 191,363 $ 297,006