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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 6,547 $ 14,526
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,201 5,951
Pension expense 3,357 3,170
Stock based compensation 1,413 1,301
Changes in operating assets and liabilities:    
Accounts receivable, net (11,713) (8,029)
Inventories, net (4,683) 677
Accounts payable 938 7,292
Commissions payable 392 (132)
Deferred revenue and customer deposits (1,269) 2,614
Income taxes (1,045) 805
Accrued expenses and other 1,510 (1,477)
Benefit obligations 4,044 1,413
Net cash provided by operating activities 6,692 28,111
Cash used for investing activities:    
Capital additions (8,445) (3,548)
Payments to Acquire Businesses, Gross (526,301) 0
Other 208 577
Cash used for financing activities: (534,538) (2,971)
Cash provided by (used for) financing activities:    
Cash dividends (8,869) (8,095)
Treasury share repurchases (918) (231)
Proceeds from bank borrowings 445,000 0
Payments of Debt Issuance Costs (15,165) 0
Other (65) (658)
Net cash provided by (used for) financing activities 419,983 (8,984)
Effect of exchange rate changes on cash (503) (65)
Net increase (decrease) in cash and cash equivalents (108,366) 16,091
Cash and cash equivalents:    
Beginning of period 125,194 108,203
End of period $ 16,828 $ 124,294