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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 21,000 $ 8,627
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 6,514 6,539
Amortization of deferred financing cost 57 57
Increase to allowance for doubtful accounts 81 299
Increase to inventory reserves 47 1,403
Equity income from joint ventures (363) (6)
Employee stock ownership plan allocation 628 575
Stock-based compensation 1,796 2,103
Decrease in deferred income taxes 1,065 609
Loss on discontinued operations, net of tax 1,164 994
Change in assets and liabilities:    
(Increase) decrease in accounts receivable 23,533 (28,114)
Increase in inventories (46,255) (5,339)
Decrease in prepaid expenses and other current assets 3,753 1,303
Increase (decrease) in accounts payable 8,419 (11,883)
Decrease in sundry payables and accrued expenses (29,549) (7,251)
Net changes in other assets and liabilities (3,288) (2,705)
Net cash used in operating activities (11,398) (32,789)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of and investments in businesses (2,081) 0
Capital expenditures (4,966) (4,422)
Other investing activities 2 6
Net cash used in investing activities (7,045) (4,416)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings under line-of-credit agreements 30,968 52,540
Net borrowings of other debt and capital lease obligations 1,440 528
Purchase of treasury stock (11,096) (8,726)
Increase in overdraft balances 373 1,248
Dividends paid (5,588) (5,615)
Net cash provided by financing activities 16,097 39,975
Effect of exchange rate changes on cash (42) 126
Net increase (decrease) in cash and cash equivalents (2,388) 2,896
CASH AND CASH EQUIVALENTS at beginning of period 19,488 10,372
CASH AND CASH EQUIVALENTS at end of period 17,100 13,268
Cash paid during the period for:    
Interest 147 811
Income taxes $ 1,666 $ 937