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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 23,934 $ 33,498
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,706 11,316
Amortization of deferred financing cost 172 172
Increase to allowance for doubtful accounts 93 1,230
Increase to inventory reserves 1,553 767
Amortization of deferred gain on sale of building (218) (524)
Equity income from joint ventures (125) (1,111)
Employee Stock Ownership Plan allocation 1,278 1,080
Stock-based compensation 3,896 4,005
Decrease in deferred income taxes 502 749
Loss on discontinued operations, net of tax 1,490 1,130
Change in assets and liabilities:    
Increase in accounts receivable (34,524) (53,069)
Increase in inventories (6,650) (27,048)
Increase in prepaid expenses and other current assets (2,988) (943)
Increase in accounts payable 15,684 17,475
Increase (decrease) in sundry payables and accrued expenses (9,115) 5,663
Net change in other assets and liabilities (2,502) (1,225)
Net cash provided by (used in) operating activities 4,186 (6,835)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of and investments in businesses (8,572) 0
Capital expenditures (11,325) (8,843)
Other investing activities 16 2
Net cash used in investing activities (19,881) (8,841)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings under line-of-credit agreements 31,529 24,134
Net borrowings (payments) of other debt and capital lease obligations 758 (21)
Purchase of treasury stock (7,640) (5,176)
Increase in overdraft balances 1,990 1,488
Dividends paid (9,437) (8,674)
Net cash provided by financing activities 17,200 11,751
Effect of exchange rate changes on cash (255) 518
Net increase (decrease) in cash and cash equivalents 1,250 (3,407)
CASH AND CASH EQUIVALENTS at beginning of period 17,323 19,796
CASH AND CASH EQUIVALENTS at end of period 18,573 16,389
Cash paid during the period for:    
Interest 1,656 956
Income taxes 9,622 19,499
Noncash investing activity:    
Accrual for additional investment in China joint venture $ 1,373 $ 0