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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net Income $ 58,981 $ 44,924 $ 41,789
Depreciation and amortization 14,715 11,407 11,886
Loss (gain) on disposal of property, plant and equipment 106 145 (6,149)
Gain on sale of Molded Fiber business 0 0 (15,651)
Share-based compensation 6,842 4,641 3,208
Change in fair value of contingent consideration 952 3,527 9,837
Equity method investment net earnings (89) 0 0
Distributions from equity method investment 89 0 0
Deferred income taxes 1,332 816 (4,710)
Changes in operating assets and liabilities:      
Receivables, net 1,217 (9,124) (16,864)
Inventories (4,686) (16,565) (19,605)
Prepaid expenses (545) (21) (692)
Income taxes (3,404) (2,982) 953
Other assets 629 1,557 (3,545)
Accounts payable (1,142) 1,553 9,131
Accrued expenses 85 (888) 10,446
Deferred revenue (1,948) 1,936 1,008
Non-qualified deferred compensation plan and other liabilities (6,541) 408 (3,298)
Net cash provided by operating activities 66,593 41,334 17,744
Cash flows from investing activities:      
Additions to property, plant & equipment (9,656) (10,490) (13,780)
Acquisition of new businesses, net of cash acquired (197,477) 0 (20,653)
Purchase of real estate (3,214) 0 0
Distributions from equity method investment 161 0 0
Proceeds from sale of Molded Fiber 0 0 29,007
Proceeds from sale of fixed assets 22 2 6,717
Net cash (used in) provided by investing activities (210,164) (10,488) 1,291
Cash flows from financing activities:      
Proceeds from advances on revolving line of credit 159,200 9,000 44,000
Payments on revolving line of credit (91,700) (28,000) (60,000)
Proceeds from the issuance of long-term debt 125,000 0 0
Principal payments of long-term debt (35,125) (4,000) (4,000)
Payment of contingent consideration (188) (5,000) (4,543)
Principal payments on finance lease obligations (73) (63) (63)
Proceeds from the exercise of stock options 233 680 390
Payment of statutory withholding for restricted stock units vested (4,954) (2,641) (1,678)
Net cash provided by (used in) financing activities 152,393 (30,024) (25,894)
Effect of foreign currency exchange rates on cash and cash equivalents (635) (10) 193
Net change in cash and cash equivalents 8,187 812 (6,666)
Cash and cash equivalents at beginning of year 5,263 4,451 11,117
Cash and cash equivalents at end of year $ 13,450 $ 5,263 $ 4,451