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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 $ 40,115 $ 34,951 $ 11,195
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 27,897 28,496 21,158
LIFO expense 5,142 6,891 18,041
Pension expense 2,715 3,604 9,985
Contributions to pension plan (5,089) (2,250) (2,250)
Stock based compensation 4,008 3,252 2,957
Amortization of debt issuance fees 6,405 3,014 1,717
Deferred income tax charge (benefit) (1,417) (414) (1,086)
Gain on sale of property, plant, and equipment (1,195) 0 0
Other 387 1,335 (128)
Accounts receivable, net 1,180 3,752 (13,954)
Inventories, net (2,031) 559 (32,772)
Accounts payable 1,222 (1,518) (2,250)
Commissions payable (3,603) 9 2,051
Deferred revenue and customer deposits (5,636) 5,773 (2,329)
Accrued expenses and other (1,801) 6,316 (954)
Income taxes 2,129 1,226 1,907
Benefit obligations (598) 3,229 397
Net cash provided by operating activities 69,830 98,225 13,685
Capital additions (14,319) (20,835) (17,986)
Acquisitions (0) (0) 527,993
Proceeds from sale of property, plant, and equipment 2,453 0 0
Other 0 672 306
Cash dividends (19,009) (18,447) (17,872)
Treasury share repurchases (267) (1,029) (918)
Proceeds from bank borrowings 400,000 5,000 457,000
Payments to banks for borrowings 443,000 39,500 8,750
Debt issuance fees 746 (0) 15,217
Other (115) (551) (130)
Net cash provided by (used for) financing activities (63,137) (54,527) 414,113
Effect of exchange rate changes on cash (1,132) 200 (536)
Beginning of year 30,518 6,783 125,194
End of period 24,213 30,518 6,783
Net increase (decrease) in cash and cash equivalents (6,305) 23,735 (118,411)
Net cash used for investing activities (11,866) (20,163) (545,673)
Changes in operating assets and liabilities, net of effects of acquisitions: 387 1,335 (128)
Accounts receivable, net 1,180 3,752 (13,954)
Inventories, net (2,031) 559 (32,772)
Accounts payable 1,222 (1,518) (2,250)
Commissions payable (3,603) 9 2,051
Deferred revenue and customer deposits (5,636) 5,773 (2,329)
Accrued expenses and other (1,801) 6,316 (954)
Income taxes 2,129 1,226 1,907
Benefit obligations (598) 3,229 397
Net cash provided by operating activities 69,830 98,225 13,685
Capital additions (14,319) (20,835) (17,986)
Acquisitions (0) (0) 527,993
Proceeds from sale of property, plant, and equipment 2,453 0 0
Other 0 672 306
Cash dividends (19,009) (18,447) (17,872)
Treasury share repurchases (267) (1,029) (918)
Proceeds from bank borrowings 400,000 5,000 457,000
Payments to banks for borrowings 443,000 39,500 8,750
Debt issuance fees 746 (0) 15,217
Other (115) (551) (130)
Net cash provided by (used for) financing activities (63,137) (54,527) 414,113
Effect of exchange rate changes on cash (1,132) 200 (536)
Beginning of year 30,518 6,783 125,194
End of period 24,213 30,518 6,783
Net increase (decrease) in cash and cash equivalents (6,305) 23,735 (118,411)
Net cash used for investing activities (11,866) (20,163) (545,673)
Cash flows from investing activities 69,830 98,225 13,685
Capital additions (14,319) (20,835) (17,986)
Acquisitions (0) (0) 527,993
Proceeds from sale of property, plant, and equipment 2,453 0 0
Other 0 672 306
Cash dividends (19,009) (18,447) (17,872)
Treasury share repurchases (267) (1,029) (918)
Proceeds from bank borrowings 400,000 5,000 457,000
Payments to banks for borrowings 443,000 39,500 8,750
Debt issuance fees 746 (0) 15,217
Other (115) (551) (130)
Net cash provided by (used for) financing activities (63,137) (54,527) 414,113
Effect of exchange rate changes on cash (1,132) 200 (536)
Beginning of year 30,518 6,783 125,194
End of period 24,213 30,518 6,783
Net increase (decrease) in cash and cash equivalents (6,305) 23,735 (118,411)
Net cash used for investing activities (11,866) (20,163) (545,673)
Cash flows from financing activities: (0) (672) (306)
Cash dividends (19,009) (18,447) (17,872)
Treasury share repurchases (267) (1,029) (918)
Proceeds from bank borrowings 400,000 5,000 457,000
Payments to banks for borrowings 443,000 39,500 8,750
Debt issuance fees 746 (0) 15,217
Other (115) (551) (130)
Net cash provided by (used for) financing activities (63,137) (54,527) 414,113
Effect of exchange rate changes on cash (1,132) 200 (536)
Beginning of year 30,518 6,783 125,194
End of period 24,213 30,518 6,783
Net increase (decrease) in cash and cash equivalents (6,305) 23,735 (118,411)
Effect of exchange rate changes on cash (1,132) 200 (536)
Beginning of year 30,518 6,783 125,194
End of period $ 24,213 $ 30,518 $ 6,783