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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 17,285 $ 12,741
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 11,315 10,267
Amortization of deferred financing cost 278 327
(Decrease) increase to allowance for expected credit losses (124) 1,614
Increase to inventory reserves 901 1,843
Equity income from joint ventures (669) (1,084)
Employee stock ownership plan allocation 822 675
Stock-based compensation 2,989 1,550
Increase in deferred income taxes (980) (16)
Loss on discontinued operations, net of tax 1,185 1,139
Change in assets and liabilities:    
Increase in accounts receivable (82,541) (68,882)
Increase in inventories (1,966) (14,576)
(Increase) decrease in prepaid expenses and other current assets (104) 1,438
Increase in accounts payable 11,419 957
Increase (decrease) in sundry payables and accrued expenses 1,524 (3,185)
Net change in other assets and liabilities (3,263) (5,028)
Net cash used in operating activities (41,929) (60,220)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (6,740) (9,132)
Other investing activities 33 2,923
Net cash used in investing activities (6,707) (6,209)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of term loans (3,938) (3,853)
Net borrowings under revolving credit facilities 51,437 80,962
Net (repayments) borrowings of other debt and lease obligations (3,531) 1,985
Purchase of treasury stock (283) 0
Increase in overdraft balances 93 191
Dividends paid (7,308) (6,777)
Dividends paid to noncontrolling interest (624) 0
Net cash provided by financing activities 35,846 72,508
Effect of exchange rate changes on cash (34) (229)
Net (decrease) increase in cash (12,824) 5,850
CASH at beginning of period 72,031 44,426
CASH at end of period 59,207 50,276
Cash paid during the period for:    
Interest 6,666 7,846
Income taxes $ 5,372 $ 3,866