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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 16,997 $ 6,547
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,158 7,201
LIFO expense 4,440 6,004
Pension expense 1,617 3,357
Stock based compensation 1,606 1,413
Amortization of debt issuance fees 1,481 237
Other 30 0
Changes in operating assets and liabilities:    
Accounts receivable, net (8,645) (11,713)
Inventories, net (8,959) (10,687)
Accounts payable 4,435 938
Commissions payable 142 392
Deferred revenue and customer deposits 2,365 (1,269)
Income taxes 2,374 (1,045)
Accrued expenses and other 2,235 1,273
Benefit obligations 3,580 4,044
Net cash provided by operating activities 37,856 6,692
Cash flows from investing activities:    
Capital additions (13,270) (8,445)
Payment for acquisitions 0 (526,301)
Other (367) (208)
Net cash used for investing activities (12,903) (534,538)
Cash flows from financing activities:    
Cash dividends (9,148) (8,869)
Treasury share repurchases (1,029) (918)
Proceeds from bank borrowings 5,000 445,000
Payments to banks for borrowings 13,750 (0)
Debt issuance fees 0 (15,165)
Other (534) (65)
Net cash provided by (used for) financing activities (19,461) 419,983
Effect of exchange rate changes on cash (102) (503)
Net increase (decrease) in cash and cash equivalents 5,390 (108,366)
Cash and cash equivalents:    
Beginning of period 6,783 125,194
End of period $ 12,173 $ 16,828