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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 25,975 $ 8,768
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,196 14,161
LIFO expense 6,414 9,767
Pension expense 2,426 8,963
Stock based compensation 2,335 2,107
Contributions to pension plans (2,250) (2,000)
Amortization of debt issuance fees 2,247 977
Other 1,282 0
Changes in operating assets and liabilities:    
Accounts receivable, net (6,515) (13,514)
Inventories, net 656 (20,761)
Accounts payable 230 3,437
Commissions payable (531) 319
Deferred revenue and customer deposits 2,053 (2,526)
Income taxes 2,186 206
Accrued expenses and other 5,499 (4,019)
Benefit obligations 8,456 6,623
Net cash provided by operating activities 71,659 12,508
Cash flows from investing activities:    
Capital additions (16,917) (11,268)
Payment for acquisitions 0 (526,301)
Other (608) (327)
Net cash used for investing activities (16,309) (537,242)
Cash flows from financing activities:    
Cash dividends (13,732) (13,306)
Treasury share repurchases (1,028) (918)
Proceeds from bank borrowings 5,000 445,000
Payments to banks for borrowings 33,125 4,375
Debt issuance fees 0 (15,217)
Other (519) (97)
Net cash provided by (used for) financing activities (43,404) 411,087
Effect of exchange rate changes on cash (540) (1,259)
Net increase (decrease) in cash and cash equivalents 11,406 (114,906)
Cash and cash equivalents:    
Beginning of period 6,783 125,194
End of period $ 18,189 $ 10,288