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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 20,045 $ 10,060
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 7,044 6,673
Increase to allowance for doubtful accounts 94 804
Increase to inventory reserves 1,092 2,241
Amortization of deferred gain on sale of building (524) (524)
Gain on disposal of property, plant and equipment (7) (151)
Equity loss (income) from joint ventures (187) 19
Employee stock ownership plan allocation 1,257 817
Stock-based compensation 997 921
Decrease in deferred income taxes 10,401 3,475
Loss on discontinued operations, net of tax 659 868
Change in assets and liabilities:    
Increase in accounts receivable (45,783) (49,519)
Decrease (increase) in inventories 7,442 (19,769)
Increase in prepaid expenses and other current assets (13) (406)
Increase in accounts payable 14,718 26,244
Increase in sundry payables and accrued expenses 15,257 16,983
Net changes in other assets and liabilities (11,481) (1,744)
Net cash provided by (used in) operating activities 21,011 (3,008)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from the sale of property, plant and equipment 28 12
Net cash received from the sale of land and buildings 0 873
Divestiture of joint ventures 1,000 1,000
European distribution business 675 0
Capital expenditures (4,557) (5,838)
Acquisitions of businesses and assets (26,984) (2,024)
Net cash used in investing activities (29,838) (5,977)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings under line-of-credit agreements 14,919 11,366
Principal payments of long-term debt and capital lease obligations (12,344) (312)
Increase in overdraft balances 9,591 4,739
Proceeds from exercise of employee stock options 145 0
Excess tax benefits related to the exercise of employee stock grants 15 0
Adjustment to costs related to issuance of common stock 0 36
Dividends paid (3,186) (2,246)
Net cash provided by financing activities 9,140 13,583
Effect of exchange rate changes on cash 646 (499)
Net increase in cash and cash equivalents 959 4,099
CASH AND CASH EQUIVALENTS at beginning of period 12,135 10,618
CASH AND CASH EQUIVALENTS at end of period 13,094 14,717
Cash paid during the year for:    
Interest 1,962 2,882
Income taxes $ 6,616 $ 1,141