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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 52,078 $ 40,792
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 14,829 13,042
Amortization of deferred financing cost 260 523
Increase to allowance for doubtful accounts 266 288
Increase to inventory reserves 3,800 901
Amortization of deferred gain on sale of building (786) (786)
Equity income from joint ventures (735) (542)
Employee Stock Ownership Plan allocation 1,515 1,656
Stock-based compensation 4,104 3,948
Excess tax benefits related to exercise of employee stock grants (140) (169)
Decrease in deferred income taxes 802 577
Loss on discontinued operations, net of tax 1,495 1,549
Change in assets and liabilities:    
Increase in accounts receivable (35,192) (25,094)
(Increase) decrease in inventories (7,422) 4,761
Decrease in prepaid expenses and other current assets 5,426 2,351
Increase in accounts payable 9,900 8,383
Increase in sundry payables and accrued expenses 31,016 21,711
Net change in other assets and liabilities 1,752 (1,059)
Net cash provided by operating activities 82,968 72,832
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of and investments in businesses (67,289) 0
Capital expenditures (15,194) (14,612)
Other investing activities 191 32
Net cash used in investing activities (82,292) (14,580)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings (repayments) under line-of-credit agreements 22,573 (32,056)
Net borrowings (payments) of long-term debt and capital lease obligations 99 (171)
Purchase of treasury stock (377) (15,519)
Increase (decrease) in overdraft balances 596 (147)
Proceeds from exercise of employee stock options 0 109
Excess tax benefits related to the exercise of employee stock grants 140 169
Dividends paid (11,566) (10,299)
Net cash provided by (used in) financing activities 11,465 (57,914)
Effect of exchange rate changes on cash (404) (707)
Net increase (decrease) in cash and cash equivalents 11,737 (369)
CASH AND CASH EQUIVALENTS at beginning of period 18,800 13,728
CASH AND CASH EQUIVALENTS at end of period 30,537 13,359
Cash paid during the period for:    
Interest 933 742
Income taxes $ 21,271 $ 19,448