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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 12,204 $ 8,948
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,373 4,288
Amortization of deferred financing cost 84 174
Increase to allowance for doubtful accounts 357 180
Increase to inventory reserves 1,194 238
Amortization of deferred gain on sale of building (262) (262)
Equity income from joint ventures (530) (390)
Employee stock ownership plan allocation 505 552
Stock-based compensation 1,109 1,319
Excess tax benefits related to exercise of employee stock grants (124) (38)
Decrease (increase) in deferred income taxes 538 (64)
Loss on discontinued operations, net of tax 452 391
Change in assets and liabilities:    
Increase in accounts receivable (19,281) (25,289)
Increase in inventories (14,621) (7,473)
Decrease in prepaid expenses and other current assets 5,064 3,620
Increase in accounts payable 11,431 5,255
Decrease in sundry payables and accrued expenses (5,002) (6,287)
Net changes in other assets and liabilities 1,174 675
Net cash used in operating activities (1,335) (14,163)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (4,099) (4,009)
Other investing activities 2 26
Net cash used in investing activities (4,097) (3,983)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings under line-of-credit agreements 2,028 15,009
Net borrowings (payments) of long-term debt and capital lease obligations 120 (63)
Purchase of treasury stock (377) 0
Increase in overdraft balances 1,715 1,536
Proceeds from exercise of employee stock options 0 35
Excess tax benefits related to the exercise of employee stock grants 124 38
Dividends paid (3,849) (3,434)
Net cash (used in) provided by financing activities (239) 13,121
Effect of exchange rate changes on cash 231 (584)
Net decrease in cash and cash equivalents (5,440) (5,609)
CASH AND CASH EQUIVALENTS at beginning of period 18,800 13,728
CASH AND CASH EQUIVALENTS at end of period 13,360 8,119
Cash paid during the period for:    
Interest 225 245
Income taxes $ 1,578 $ 1,892