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Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 37,911 $ 26,770
Adjustments to net cash provided by (used in) operations:    
Depreciation and amortization 10,188 10,555
Goodwill impairment 6,529  
Deferred income taxes (1,149) 687
Share-based compensation expense 3,409 3,291
Loss on exit of business 1,025  
Gain on sale of property and equipment (831) (42)
Gain from company-owned life insurance policy (4,364)  
Other, net 192 2,266
Changes in operating assets and liabilities (43,788) (19,441)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES 9,122 24,086
INVESTING ACTIVITIES    
Capital expenditures [1] (25,175) (12,605)
Proceeds from the sale of property and equipment [1] 3,157 32
Proceeds from company-owned life insurance policy [1] 6,909  
Acquisition of businesses, net of cash [1] (12,990)  
NET CASH USED IN INVESTING ACTIVITIES [1] (28,099) (12,573)
FINANCING ACTIVITIES    
Increase in notes payable to banks [1] 3,092 1,510
Proceeds from long-term debt [1] 126,964 68,975
Payments of long-term debt [1] (108,870) (81,630)
Dividends paid [1] (3,085) (3,094)
Proceeds from issuance of common shares [1] 480 394
Purchase of common shares for treasury [1] (66) (176)
Purchase of common shares for treasury from related parties [1] (3,869) (5,091)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES [1] 14,646 (19,112)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (1,126) 750
Net decrease in cash, cash equivalents and restricted cash (5,457) (6,849)
Cash, cash equivalents and restricted cash at beginning of year 36,406 45,175
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 30,949 $ 38,326
[1] Non-cash investing and financing activities: The Company purchased a new corporate aircraft during the three months ended March 31, 2021 with a term loan in the principal amount of $20.5 million. For further information regarding this transaction, refer to Note M, “Debt Arrangements.”