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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income from consolidated operations $ 68,313 $ 58,981 $ 44,924
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,150 14,715 11,407
Loss on disposal of property, plant and equipment 38 106 145
Share-based compensation 8,854 6,842 4,641
Change in fair value of contingent consideration 261 952 3,527
Equity method investment net earnings (119) (89) 0
Distributions from equity method investment 0 89 0
Deferred income taxes 5,108 1,332 816
Changes in operating assets and liabilities:      
Receivables, net 5,337 1,217 (9,124)
Inventories 3,901 (4,686) (16,565)
Prepaid expenses (1,147) (545) (21)
Income taxes (548) (3,404) (2,982)
Other assets (5,996) 629 1,557
Accounts payable (1,090) (1,142) 1,553
Accrued expenses (3,315) 85 (888)
Deferred revenue (1,101) (1,948) 1,936
Non-qualified deferred compensation plan and other liabilities (5,741) (6,541) 408
Net cash provided by operating activities 91,905 66,593 41,334
Cash flows from investing activities:      
Additions to property, plant & equipment (12,926) (9,656) (10,490)
Acquisition of new businesses, net of cash acquired (14,722) (197,477) 0
Purchase of real estate 0 (3,214) 0
Distributions from equity method investment 0 161 0
Proceeds from sale of fixed assets 51 22 2
Net cash used in investing activities (27,597) (210,164) (10,488)
Cash flows from financing activities:      
Proceeds from advances on revolving line of credit 68,700 159,200 9,000
Payments on revolving line of credit (110,120) (91,700) (28,000)
Proceeds from the issuance of long-term debt 0 125,000 0
Principal payments of long-term debt (12,500) (35,125) (4,000)
Payment of contingent consideration (250) (188) (5,000)
Principal payments on finance lease obligations (63) (73) (63)
Proceeds from the exercise of stock options 194 233 680
Payment of statutory withholding for restricted stock units vested (4,117) (4,954) (2,641)
Net cash (used in) provided by financing activities (58,156) 152,393 (30,024)
Effect of foreign currency exchange rates on cash and cash equivalents 699 (635) (10)
Net change in cash and cash equivalents 6,851 8,187 812
Cash and cash equivalents at beginning of year 13,450 5,263 4,451
Cash and cash equivalents at end of year $ 20,301 $ 13,450 $ 5,263