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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net earnings $ 22,710 $ 28,930
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13,646 11,928
Stock compensation expense 4,770 3,077
Deferred income taxes (203) 0
Provision for doubtful accounts 31 328
Unrealized (gains) loss on foreign currency transactions and deferred compensation (349) 37
Gain on disposal of assets (968) (29)
Change in fair value of contingent consideration liability 1,600 0
Changes in assets and liabilities    
Accounts receivable 403 (20,405)
Inventories (5,145) (17,598)
Prepaid expenses and other current assets (2,747) 487
Accounts payable and accrued expenses (5,112) (7,708)
Income taxes 5,540 8,522
Other 662 (548)
Net cash provided by operating activities 34,838 7,021
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash acquired (341) 0
Capital expenditures and intangible assets acquired (9,720) (10,256)
Proceeds from sale of assets 0 184
Net cash used in investing activities (10,061) (10,072)
Cash flows from financing activities:    
Proceeds from revolving loan 13,000 20,000
Principal payments on revolving loan (22,000) 0
Principal payments on finance lease (55) (41)
Proceeds from stock options exercised 2,453 498
Dividends paid (22,867) (20,703)
Purchase of common stock (3,849) (34,599)
Net cash used in financing activities (33,318) (34,845)
Effect of exchange rate changes on cash 2,180 (877)
Decrease in cash and cash equivalents (6,361) (38,773)
Cash and cash equivalents beginning of period 66,560 103,239
Cash and cash equivalents end of period $ 60,199 $ 64,466