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Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 14,141 $ 9,690
Adjustments to reconcile net income to net cash provided by (used in) operations:    
Depreciation and amortization 6,661 6,539
Provision for accounts receivable allowances 678 737
Provision for inventory reserves 1,001 895
Deferred income taxes 677 (712)
Share-based compensation expense 1,588 1,956
Other - net (330) 67
Changes in operating assets and liabilities    
Accounts receivable (15,713) (16,162)
Inventories (4,780) (4,114)
Trade accounts payable and accrued liabilities 4,710 8,765
Income taxes - net 95 211
Other - net 456 (2,037)
NET CASH PROVIDED BY OPERATING ACTIVITIES 9,184 5,835
INVESTING ACTIVITIES    
Capital expenditures (11,820) (11,983)
Purchase of marketable securities 0 (496)
Proceeds from marketable securities 0 2,309
Purchase of company owned life insurance policy 0 (2,309)
Acquisition, net of cash acquired 0 (18,974)
NET CASH USED IN INVESTING ACTIVITIES (11,820) (31,453)
FINANCING ACTIVITIES    
Increase in notes payable to banks 5,148 578
Proceeds from long-term debt 41,163 55,636
Payments of long-term debt (36,717) (25,581)
Dividends paid (2,173) (2,220)
Proceeds from issuance of common shares 266 0
Purchase of common shares for treasury (4,613) (1,695)
Purchase of common shares for treasury from related parties (2,378) (2,055)
NET CASH PROVIDED BY FINANCING ACTIVITIES 696 24,663
Effects of exchange rate changes on cash and cash equivalents (817) (1,370)
Net decrease in cash, cash equivalents and restricted cash (2,757) (2,325)
Cash, cash equivalents and restricted cash at beginning of year 39,263 43,910
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD [1] $ 36,506 $ 41,585
[1] Includes no restricted cash at June 30, 2020 and $.3 million at December 31, 2019.  For further information regarding restricted cash, refer to Note P, “Debt Arrangements.”