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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 16,219 $ 16,997
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,089 14,158
LIFO expense 2,127 4,440
Pension expense 1,326 1,617
Stock based compensation 1,955 1,606
Contributions to pension plans (595) 0
Amortization of debt issuance fees 5,814 1,481
Gain on sale of property, plant, and equipment (1,058) 0
Other 200 30
Changes in operating assets and liabilities:    
Accounts receivable, net (7,693) (8,645)
Inventories, net (426) (8,959)
Accounts payable 5,990 4,435
Commissions payable 241 142
Deferred revenue and customer deposits (1,704) 2,365
Income taxes 5 2,374
Accrued expenses and other (3,812) 2,235
Benefit obligations 719 3,580
Net cash provided by operating activities 33,397 37,856
Cash flows from investing activities:    
Capital additions (7,131) (13,270)
Proceeds from sale of property, plant, and equipment 2,116 0
Other (53) (367)
Net cash used for investing activities (4,962) (12,903)
Cash flows from financing activities:    
Cash dividends (9,433) (9,148)
Treasury share repurchases (267) (1,029)
Proceeds from bank borrowings 400,000 5,000
Payments to banks for borrowings (413,750) (13,750)
Debt issuance fees (746) 0
Other (34) (534)
Net cash used for financing activities (24,230) (19,461)
Effect of exchange rate changes on cash (478) (102)
Net increase in cash and cash equivalents 3,727 5,390
Cash and cash equivalents:    
Beginning of period 30,518 6,783
End of period $ 34,245 $ 12,173