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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net earnings $ 58,712 $ 46,142
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 23,861 24,463
Stock compensation expense 6,889 5,914
Deferred income taxes 1,778 54
Provision for doubtful accounts 380 (25)
Unrealized loss/(gain) on foreign currency transaction and deferred compensation 188 (401)
Asset impairment charge 23 0
Loss/(gain) on disposal of assets 203 (19)
Changes in assets and liabilities    
Accounts receivable (15,506) (16,361)
Inventories (33,141) (7,949)
Prepaid expenses and other current assets (1,733) (2,859)
Accounts payable and accrued expenses 15,075 25,873
Income taxes (779) 898
Other (689) 659
Net cash provided by operating activities 55,261 76,389
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired (295,660) 0
Capital expenditures and intangible assets acquired (20,799) (13,760)
Proceeds from sale of assets 197 240
Investment in affiliates (150) 0
Net cash used in investing activities (316,412) (13,520)
Cash flows from financing activities:    
Proceeds from revolving loan 365,000 5,000
Principal payments on revolving loan (40,000) (45,000)
Principal payments on acquired debt (30,648) 0
Principal payments on finance lease (83) (78)
Proceeds from stock options exercised 1,328 3,886
Dividends paid (20,704) (18,700)
Purchase of common stock (35,199) (10,835)
Net cash provided by (used in) financing activities 239,694 (65,727)
Effect of exchange rate changes on cash (5,599) (1,811)
Decrease in cash and cash equivalents (27,056) (4,669)
Cash and cash equivalents beginning of period 103,239 84,571
Cash and cash equivalents end of period $ 76,183 $ 79,902