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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net earnings $ 40,893 $ 38,612
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 25,294 21,732
Stock compensation expense 4,501 3,622
Deferred income taxes 386 (324)
Provision for doubtful accounts 329 666
Foreign currency transaction loss 30 74
Asset impairment charge 1,915 114
Loss/(gain) on disposal of assets 37 (2,717)
Changes in assets and liabilities    
Accounts receivable (4,164) 563
Inventories 2,339 (681)
Prepaid expenses and other current assets (1,970) (1,062)
Accounts payable and accrued expenses (9,191) (11,039)
Income taxes 7,404 (609)
Other (623) (139)
Net cash provided by operating activities 67,180 48,812
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired 0 (94,690)
Capital expenditures and intangible assets acquired (13,265) (14,714)
Proceeds from insurance 0 2,727
Proceeds from sale of assets 22 2
Purchase of convertible note (350) (1,000)
Net cash used in investing activities (13,593) (107,675)
Cash flows from financing activities:    
Proceeds from revolving loan 10,000 108,569
Principal payments on revolving loan (40,000) (36,000)
Principal payments on acquired debt 0 (12,222)
Proceeds from stock options exercised 6,802 1,809
Dividends paid (16,704) (15,135)
Purchase of treasury stock (3,025) (727)
Net cash (used in) provided by financing activities (42,927) 46,294
Effect of exchange rate changes on cash 75 (25)
Increase (decrease) in cash and cash equivalents 10,735 (12,594)
Cash and cash equivalents beginning of period 65,672 54,268
Cash and cash equivalents end of period $ 76,407 $ 41,674