CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 57,393	$ 57,917	$ 43,003
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	26,323	25,809	24,104
Amortization of deferred financing cost	228	225	333
Increase (decrease) to allowance for doubtful accounts	396	(295)	330
Increase to inventory reserves	5,962	4,858	3,978
Amortization of deferred gain on sale of buildings	0	0	(218)
Gain on sale of property, plant and equipment	0	0	(3,997)
Intangible asset impairment	2,600	0	0
Equity (income) loss from joint ventures	(820)	(2,865)	768	[1]
Employee stock ownership plan allocation	2,301	2,519	2,557
Stock-based compensation	8,101	6,917	7,998
(Increase) decrease in deferred income taxes	(8,334)	4,736	(10,046)
Increase in tax valuation allowance	864	358	22
Loss on discontinued operations, net of tax	23,024	11,134	13,851
Change in assets and liabilities:
(Increase) decrease in accounts receivable	(71,933)	2,789	5,351
(Increase) decrease in inventories	17,984	(17,901)	(30,199)
(Increase) decrease in prepaid expenses and other current assets	(370)	(8,296)	4,926
Increase (decrease) in accounts payable	7,428	(1,950)	16,894
Increase (decrease) in sundry payables and accrued expenses	40,651	(2,957)	(10,643)
Net changes in other assets and liabilities	(13,902)	(6,070)	1,246
Net cash provided by operating activities	97,896	76,928	70,258
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of and investments in businesses	0	(43,490)	(9,852)
Net proceeds from sale of Grapevine, Texas facility	0	4,801	0
Capital expenditures	(17,820)	(16,185)	(20,141)
Other investing activities	21	62	107
Net cash used in investing activities	(17,799)	(54,812)	(29,886)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings (repayments) under line-of-credit agreements	(42,460)	8,771	(13,311)
Net borrowings (repayments) of other debt and lease obligations	(4,248)	(911)	1,115
Purchase of treasury stock	(13,482)	(10,738)	(14,886)
Increase (decrease) in overdraft balances	(108)	93	275
Payments of debt issuance costs	0	0	(460)
Dividends paid	(11,218)	(20,593)	(18,854)
Net cash used in financing activities	(71,516)	(23,378)	(46,121)
Effect of exchange rate changes on cash	535	496	(436)
Net increase (decrease) in cash and cash equivalents	9,116	(766)	(6,185)
CASH AND CASH EQUIVALENTS at beginning of year	10,372	11,138	17,323
CASH AND CASH EQUIVALENTS at end of year	19,488	10,372	11,138
Cash paid during the year for:
Interest	2,187	5,030	3,738
Income taxes	24,640	22,267	15,353
Noncash investing activity:
Receivable related to net proceeds from sale of Grapevine, Texas facility	$ 0	$ 0	$ 4,801

[1] Year ended December 31, 2018 includes a noncash impairment charge of approximately $1.7 million related to our minority interest investment in Orange Electronic Co., Ltd.  See Note 9, “Investments in Unconsolidated Affiliates” for additional information.