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Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 9,690 $ 12,263
Adjustments to reconcile net income to net cash provided by (used in) operations:    
Depreciation and amortization 6,539 6,524
Provision for accounts receivable allowances 737 575
Provision for inventory reserves 895 1,455
Deferred income taxes (712) (462)
Share-based compensation expense 1,956 1,717
Gain on sale of property and equipment 0 (99)
Other - net 67 54
Changes in operating assets and liabilities    
Accounts receivable (16,162) (7,595)
Inventories (4,114) (10,280)
Trade accounts payable and accrued liabilities 8,765 3,732
Income taxes - net 211 2,305
Other - net (2,037) (2,510)
NET CASH PROVIDED BY OPERATING ACTIVITIES 5,835 7,679
INVESTING ACTIVITIES    
Capital expenditures (11,983) (5,573)
Proceeds from the sale of property and equipment 0 3
Purchase of marketable securities (496) (4,690)
Proceeds from marketable securities 2,309 2,953
Purchase of company owned life insurance policy (2,309) (2,953)
Acquisition of businesses, net of cash acquired (18,974) 0
NET CASH USED IN INVESTING ACTIVITIES (31,453) (10,260)
FINANCING ACTIVITIES    
Increase in notes payable to banks 578 2,055
Proceeds from long-term debt 55,636 35,272
Payments of long-term debt (25,581) (32,430)
Dividends paid (2,220) (2,065)
Proceeds from issuance of common shares 0 252
Purchase of common shares for treasury (1,695) (110)
Purchase of common shares for treasury from related parties (2,055) (1,705)
NET CASH PROVIDED BY FINANCING ACTIVITIES 24,663 1,269
Effects of exchange rate changes on cash and cash equivalents (1,370) (2,570)
Net decrease in cash, cash equivalents and restricted cash (2,325) (3,882)
Cash, cash equivalents and restricted cash at beginning of year 43,910 45,579
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD [1] $ 41,585 $ 41,697
[1] Includes restricted cash of $.3 million at both June 30, 2019 and December 31, 2018. For further information regarding restricted cash, refer to Note P, “Debt Arrangements.”