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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net earnings $ 32,053 $ 26,036
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 22,083 22,666
Stock compensation expense 2,885 3,949
Deferred income taxes (11) 217
Provision for doubtful accounts 170 123
Foreign currency transaction loss 218 15
Loss on disposal of assets 188 88
Changes in assets and liabilities    
Accounts receivable 1,917 1,056
Inventories (1,990) 3,992
Prepaid expenses and other current assets (1,732) 1,295
Accounts payable and accrued expenses (7,575) 3,627
Income taxes (2,628) (6,573)
Other 114 (533)
Net cash provided by operating activities 45,692 55,958
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash acquired (16,759) (110,601)
Capital expenditures (10,819) (14,736)
Proceeds from insurance 2,000 0
Intangible assets acquired (330) (586)
Net cash used in investing activities (25,908) (125,923)
Cash flows from financing activities:    
Proceeds from revolving loan 22,000 65,000
Principal payments on revolving loan (9,500) (20,000)
Principal payments on long-term debt (17,500) (17,500)
Principal payment on acquired debt (2,384) (884)
Proceeds from stock options exercised 4,893 3,032
Excess tax benefits from stock compensation 0 792
Dividends paid (12,069) (10,727)
Purchase of treasury stock (1,741) (1,478)
Net cash (used in) provided by financing activities (16,301) 18,235
Effect of exchange rate changes on cash 1,473 356
Increase (Decrease) in cash and cash equivalents 4,956 (51,374)
Cash and cash equivalents beginning of period 38,643 84,795
Cash and cash equivalents end of period $ 43,599 $ 33,421