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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net earnings $ 37,053 $ 28,986
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 11,014 13,668
Stock compensation expense 3,810 4,750
Deferred income taxes (115) (302)
Provision for doubtful accounts (79) 223
Unrealized loss (gain) on foreign currency transactions and deferred compensation 24 (726)
Loss (gain) on disposal of assets 65 (144)
Changes in assets and liabilities    
Accounts receivable (10,069) (15,010)
Inventories (12,897) (1,458)
Prepaid expenses and other current assets (859) 564
Accounts payable and accrued expenses (737) (4,584)
Income taxes 9,123 6,929
Other 124 492
Net cash provided by operating activities 36,457 33,388
Cash flows from investing activities:    
Capital expenditures and intangible assets acquired (5,559) (6,910)
Cash paid for acquisitions, net of cash acquired (323) 0
Proceeds from sale of assets 0 213
Investment in affiliates (30) (42)
Net cash used in investing activities (5,912) (6,739)
Cash flows from financing activities:    
Proceeds from revolving loan 29,000 26,000
Principal payments on revolving loan (29,000) (34,000)
Principal payments on finance leases (49) (57)
Proceeds from stock options exercised 1,668 8,791
Dividends paid (28,263) (25,555)
Repurchases of common stock (5,325) (5,202)
Net cash used in financing activities (31,969) (30,023)
Effect of exchange rate changes on cash 1,810 (724)
Increase (decrease) in cash and cash equivalents 386 (4,098)
Cash and cash equivalents beginning of period 49,515 64,447
Cash and cash equivalents end of period $ 49,901 $ 60,349