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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net earnings $ 62,461 $ 59,288
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 38,349 33,485
Stock compensation expense 6,755 5,717
Deferred income taxes 532 (198)
Provision for doubtful accounts 250 896
Foreign currency transaction loss 153 21
Asset impairment charge 1,915 114
Loss/(gain) on disposal of assets 57 (3,220)
Changes in assets and liabilities    
Accounts receivable (4,979) 8,340
Inventories 6,802 (6,017)
Prepaid expenses and other current assets (844) (784)
Accounts payable and accrued expenses (6,978) (145)
Income taxes (1,957) (5,955)
Other 24 (48)
Net cash provided by operating activities 102,540 91,494
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired 0 (94,690)
Capital expenditures and intangible assets acquired (20,552) (21,669)
Proceeds from insurance 0 2,727
Proceeds from sale of assets 22 11,523
Purchase of convertible notes (850) (1,000)
Net cash used in investing activities (21,380) (103,109)
Cash flows from financing activities:    
Proceeds from revolving loan 10,000 123,569
Principal payments on revolving loan (65,000) (61,000)
Principal payments on finance lease (112) 0
Principal payments on acquired debt 0 (12,222)
Proceeds from stock options exercised 8,179 3,734
Dividends paid (16,704) (15,135)
Purchase of treasury stock (5,982) (21,321)
Net cash (used in) provided by financing activities (69,619) 17,625
Effect of exchange rate changes on cash 1,754 (874)
Increase in cash and cash equivalents 13,295 5,136
Cash and cash equivalents beginning of period 65,672 54,268
Cash and cash equivalents end of period $ 78,967 $ 59,404